Manner of conducting KYC

PURSUANT TO THE AMENDMENT TO RBI MASTER DIRECTIONS AMENDED AS OF JANUARY 2020 This is an updated version of our previous post that covered the KYC flows pursuant to the PMLA amendment in Aug 2019 Please note that the below is applicable for RBI governed entities only Earlier this month, the Reserve Bank of India […]

The KYC Story is just getting Started

The RBI KYC Master Directions has raised more questions than it has answered On 29th May, 2019, the Reserve Bank of India released the updated Master Direction – Know Your Customer (KYC) Direction, 2016. (“Master Directions”) This was an eagerly awaited document that was required to signal RBI’s acceptance of Aadhaar since the Aadhaar Supreme Court judgment […]

Amendment to the IT Act, 2000 – A step towards to making it more technology-neutral?

ELECTRONIC SIGNATURES & 2018 AADHAAR VERDICT Till 2015, though there was a provision of Electronic Signature in the Information Technology Act, 2000 there was no mode of electronic signature prescribed in Second Schedule till 2015. In 2015, by way of GSR 61(E) Electronic Signature or Electronic Authentication Technique and Procedure Rules, 2015, the eAuthentication Technique […]

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