The Reserve Bank of India (RBI) has updated Know Your Customer (KYC) norms for politically exposed persons (PEPs) who transact with regulated entities (REs), seeking to comply with the recommendations of intergovernmental organisation Financial Action Task Force (FATF), PEPs are individuals entrusted with prominent public functions by a foreign country, including the heads of states/governments, senior politicians, senior government or judicial or military officers, senior executives of state-owned corporations and important political party officials. REs have the option of establishing a relationship with PEPs (whether as customer or beneficial owner). REs have to perform the regular customer due diligence and also follow additional conditions prescribed by the RBI to transact with PEPs. Some additional conditions include establishing an appropriate risk management system to determine whether the customer or the beneficial owner is a PEP. REs have to take reasonable measures for establishing the source of funds/ wealth. They also need to get approval from senior management to open an account for a PEP.
Amit with a guilty intention, abets a child sonu to commit murder of balbir. Which of the following is true in above case?
Ombudsman institution was first introduced in ?
Change in the nature of the obligation in a contract is known as :
SEBI can delegate its powers to ……?
Who is entitled to appoint another person as a proxy as per the Companies Act?
What is the composition of the District Commission as per the Consumer Protection Act?
According to the Companies Act what is the time period within which an appeal filed before the Appellate Tribunal shall be dealt with and disposed of b...
Which type of share is issued by a company to its existing shareholders without receipt of any consideration from shareholders for issuance of such share?
According to CPC no Court shall proceed with the trial of any suit____________
Electoral college consists of:
