Login Sign Up

Home Articles Bookmarks Xombies Help Staff Blog

Search this site:

Revised Standard Know Your Client (KYC) Norms

–Mandatory From 1st January , 2011 0

posted December 21, 2010 - 11:25pm Like

Revised Standard Know Your Client (KYC) Norms –Mandatory From 1st January , 2011
Verify Patient Idenity The Securities and Exchange Board of India (SEBI) has earlier set
During registration in real-tim e Reduce Returned certain regulations regarding Know Your Client (KYC) for financial
Mail & Fraud
www.ahisoftware.com institutions and mutual funds to know their clients in accordance with
the Prevention of Money Laundering Act, 2002. This requires verification
Verizon's Best Price
Business High Speed Internet As Low As of identity, address, financial status and other information as prescribed
$24.99/Month & Free Equipm ent! by the rules. Association of Mutual Funds of India (AMFI), vide their www.Scottrade.com Ads by Google
Verizon.com /Sm allBusiness
circular 35/MEM-COR/62/10-11 dated 07th October 2010, has revised
2011 Market Collapse? the existing KYC compliance requirements by making KYC compliance
Technical indicators suggest m ark et collapse could More...
begin within m onth mandatory for all investors effective January 2011, irrespective of
www.stealthstock sonline.com amount of investment. Now KYC is mandatory for all resident individual From this author
A ML Training investors, non-resident investors, persons of Indian origin investors, Bottle gourd Cooked With
Com pliance training solutions for financial crim e Tamrind
and AML OCIs, non-individual investors, and investors investing through channel
www.euk leia-training.com distributors/channel partners for any amount of investment. AMFI, along All Indian Railways Open
with all the mutual funds, has made arrangements with CDSL Ventures Market Recruitment
Limited (CVL) to undertake centralised record keeping of KYC Notifications- 2011
documents. On completing one-time process of common standard
KYC with CVL, investor can transact across multiple mutual funds without having to repeatedly submit documents with each India's Richest Years: How
mutual fund. KYC application form can be downloaded from http://www.cvlindia.com/downloads01.html. Different applications for To Make Them Yours Too
different categories of investors like individual and non-individual investors are available for both fresh KYC and change request.
Nimbuzz-Free Calls,
The completed application form may be submitted at any of the Points of Service (POS) of CVL
Chat/IM, and Free Text
(http://www.cvlindia.com/include/excel/POS List for AMFI Website1.xls). Individual Investors are required to submit the proof of
Messaging With All Your
identity and proof of address along with their application. For identity proof, Original PAN Card along with self attested copies is
Friends From Your Mobile
required. The original PAN card will be returned over the counter after verification. For proof of address, any one of the documents
Phonebook
like driving licence, ration card, passport, election identity card, latest electricity bill, latest telephone bill, latest bank passbook,
latest bank account statement, latest demat account statement, registered sale or lease agreement of residence, proof of address KUMON – Enrich the
issued by gazetted officer, notary public, elected representatives of state legislatures or Parliament, mangers of scheduled learning of your child.
commercial banks, or any document issued by any statutory authority or government. After submission, the POS will issue an
acknowledgement which is to be submitted along with the mutual fund investment application for the first transaction. Thereafter,
you need not submit the acknowledgement again and again. However, if there is any change in address, you need to submit the From this category
change form only once at any POS. It will be automatically reflected in all the mutual funds. To check your KYC status any time, visit Your Bad Credit Rescue
CVL website and click Inquiry on KYC. So, please check your KYC status and if not KYC compliant, please get it quickly. Otherwise
Tilex Coupon - Save 1
your investment application in any mutual fund will be rejected.
Dollar Off 1/25/11
eClerx
Author: KYC, Compliance, Risk Specialist "Streamlining Wonka Sweetart Lollipops
KYC" free Whitepaper Coupon - Save 1 Dollar
www.eclerx.com/KYC
1/25/11
AML Training--2010
Current Issues, Red Flags, more FINRA AML Sally Hansen Nail Color
elearning courses Product Coupon - Save 50
firesolutions.com
Cents Off 1/25/11
BSAand AML Solutions
Enhanced BSA compliance and Anti-Money Sally Hansen Coupon -
Laundering (AML) Tools. Save 1.00 Off 1/25/11
ANEEVARP9 www.integrasystems.net
Share: How to Buy Gold
Physical Gold Shipped to Your Door Free Investor Browse Posts by Category
Facebook Kit. Since 1960.
Goldline.com/Buy-Gold Business
Twitter
Entertainment
Digg
Literature & Fiction
Email
Lifestyle
Print
News & Events
More
Out & About
Tags: Money & Investing AMFI CVL Know Your Client KYC mutual fund Science & History
Technology
Writers World
Comments
A Xomba Account
Post new comment
Lets You:
Subject:

Comment: * required

converted by Web2PDFConvert.com
 Content Archives
2006
Jul Aug Sep Oct Nov Dec
2007
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec
2008
Submit Preview Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec
2009
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec
2010
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec
2011
Jan

Getting Started Making Money Guide FAQ Contests Posting Rules Press Room Terms of use Privacy Policy About Us Testimonials Help Contact
Us

converted by Web2PDFConvert.com