The Department of Telecommunications (DoT) on May 20, 2024, issued a notification regarding the Additional KYC instructions in respect of business connections.
The following has been stated namely: -
• In those scenarios where end users are not identifiable in a business connection the requirement of end user KYC is optional.
• Before issuing such connections, the licensee shall obtain an undertaking from the subscribing entity detailing the use case scenarios having no end users of the business connections and the licensee shall reasonably satisfy itself that the undertaking from the subscribing entity detailing the use case scenarios is realistic.
• licensee shall limit the issuance of such connections to a maximum number upto 100 for any given entity
• Such connections shall not be used for M2M communication services.
[Notification No. 800-09/2023-AS.II-Part(1)]
