The Bombay Stock Exchange (BSE) on November 17, 2023, notified regarding the Uniform Implementation of KYC requirements with reference to our Notice No. 20200104-1 dated January 04, 2020, 20210824-12 dated August 24, 2021 & 20210929-15 dated September 29, 2021.
The following has been stated:
• New UBO declaration form should be submitted fresh by all Companies/Trusts/Societies even if there is no change in UBO details as some of the values are made mandatory for various other reporting and due diligence requirements in RTA systems.
• For new folio creation, a new UBO declaration is mandatory. For all the existing investors – Optional but request to submit the updated form.
• NPO declaration mandatory for all financial transactions in new and existing folios.
• wherever the UBO ownership does not fall as per the prescribed threshold mentioned in the attached Annexure IV, Senior Managing Official (SMO) details are also to be provided.
Please refer to all the Annexures for more details and the same has been attached to the document below.
[Notice No. 20231117-3]
