Neha Ralhan (Company Secretary Trainee) 31 July 2009
Do KYC Guidelines appny on an NBFC (not holding public deposits) ?
AS PER CIRCULAR DBOD.NO.AML.BC.58/14.01.001/2004-05
Eg an NBFC NOT HOLDING PUBLIC DEPOSIT doing the business of an Investment company.....does it have to follow KYC Guidelines and pass necessary Board resolution ?
PJANARDHANA REDDY (ADVOCATE & DIRECTOR) 28 September 2009
KYC NORMS TO AVOID ANTI MONEY LAUNDERING ACTIVITIES,SO AML ACTS SAY TO KNOW YOUR CUSTOMER...IS MUST FOR ALL NBFCS.
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