TaxTMI 
TaxTMI 
Know Your Client Requirements - Clarification on voluntary adaptation of Aadhaar based e-KYC process
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.... Funds in India 6. Mutual funds through AMFI 7. Portfolio Managers 8. KYC Registration Agencies (KRAs) 9. Alternative Investment Funds (AIFs) 10. Collective Investment Schemes (CIS) 11. Custodians Dear Sir/Madam, Sub: Know Your Client Requirements - Clarification on voluntary adaptation of Aadhaar based e-KYC process 1. The Hon'ble Supreme Court, in Writ Petition (Civil) No. 494 of 20....
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....ion of Money-Laundering Act, 2002, Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, SEBI Master Circular on Anti Money Laundering (AML) dated December 31, 2010 and SEBI Circular on AML dated March 12, 2014 and relevant KYC circulars issued from time to time shall continue to remain applicable. 4. This clarificatory circular is issued in exercise of the powers conferred under S....
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....n client authorisation, on voluntary basis, intermediaries who utilize the services of KYC Service Agencies (KSAs) would be registered as KYC User Agencies (KUA) with UIDAI. 1. For entering into account based relationship, the client may provide the following information to the intermediary: i. Name ii. Aadhaar number iii. Permanent Account Number (PAN) 2. The above information can be provide....
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.... receive the KYC information about the client from UIDAI through KSA. 6. The information downloaded from UIDAI shall be considered as sufficient information for the purpose of KYC verification. The intermediary shall upload this KYC information on the KRA system in terms of KRA Regulations. 7. In case material difference is observed either in the name (as observed in the PAN vis-a-vis Aadhaar) o....