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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Clarification on Know Your Client (KYC) Process and Use of Technology for KYC

08-Feb-2022 | Circular Ref No. NSE/INSP/51278

SEBI vide Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/73 gave clarification on the Know Your Client (KYC) Process and Use of Technology for KYC.

SEBI now has advised issuing the following clarifications-
1) Process of performing KYC can be completed by using electronic/digital signatures including the Aadhaar e Sign. In the case of non-individual clients, intermediaries may take caution and satisfy themselves regarding the genuineness of the authorization and identity of the authorized signatories.
2) With regard to the requirement of geo-tagging in India mentioned, it is reiterated that while completing the investor's KYC through the KYC app of the intermediary, the Registered Intermediary (RI) shall continue to ensure the requirement of geo-tagging with the investor's physical location in India as per SEBI guidelines.

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