RBI
RBI relaxes norms for periodic updation of KYC by banks. Operations of such account not to be restricted till December 31, 2021
In terms of Section 38 of the Master Direction on KYC dated February 25, 2016, Regulated Entities (REs) are required to carry out periodic updation of KYC of existing customers.
However, in view the second wave of COVID-19 pandemic and related restrictions in various parts of the country, RBI has advised REs that in respect of the customer accounts where periodic updation of KYC is due and pending as on date, no restrictions on operations of such account shall be imposed till December 31, 2021 unless warranted under instructions of any regulator/ enforcement agency/court of law, etc.
Appeal against inadequacy of sentence passed by special court in income tax prosecution cases dismissed by High Court In a…
ICSI launches CS Mitr Scheme to give incentive for getting student registered in Executive Programme ICSI has launched CS Mitr…
CPC order u/s 143(1) is appealable and hence the doctrine of merger with order u/s 143(3) do not arise -…
Under GST Act, there is no specific provision which bounds selling dealer to disclose route to be taken during transportation…
Restrictions on use of words Nidhi Limited unless declared as such under section 406(1). Nidhi (Amendment) Rules 2024 MINISTRY OF…
MCA prescribes period and fee for updating of Directors personal mobile number or email address by e-form DIR-3 KYC MINISTRY…