KYC Archives

RBI imposes penalty of Rs. 10.4 lakhs on HP Financial Services for failing to adhere to its KYC, NBFC, and IT framework regulations for the non-banking financial sector

HP Financial Services not only failed to establish a periodic review of risk categorization of accounts but also failed to form an IT Strategy Committee as well as an IT Steering Committee.

Legislation Updates Notifications

SEBI mandates E-wallet compliance with KYC norms vide E-wallet Investments in MF

On 23-3-2023, the Securities and Exchange Board of India (‘SEBI’) issued circular on the E-wallet Investments in Mutual Funds (‘MF’) to protect

Legislation Updates Notifications

SEBI mandates linking of PAN with Aadhaar Number by 31-3-2023

On 8-3-2023, the Securities and Exchange Board of India (‘SEBI’) has mandated all existing investors to ensure that their Permanent Account Number

Hot Off The Press News

Implementation of Circular on ‘Guidelines in pursuance of amendment to SEBI KYC (Know Your client) Registration Agency (KRA) Regulations, 2011

On 24-06-2022, Securities and Exchange Board of India (‘SEBI’), on request from the KYC Registration Agency extended the date of the commencement

Case Briefs Supreme Court

Economic Offence| 25 crores siphoned off by forging documents and misusing KYCs of employees; SC cancels Delhi HC’s order granting bail to the suspect

Supreme Court: While addressing a case related to systematic fraud by creating the false/forged documents and/or misusing the PAN Cards, Aadhar Cards

Case Briefs District Court

Crypto Frauds | Allegations of cheating in Bitcoin transactions: Magistrate, Tis Hazari Courts directs Delhi Police to register FIR and investigate

Abhinav Pandey, MM, Tis Hazari Court directs Delhi Police to lodge FIR and investigate allegations of fraud in crypto transactions. Complainant sought