KYC registration agency in Mumbai
NSDL Database Management Ltd (NDML), a wholly-owned subsidiary of National Securities Depository Ltd (NSDL), has established KYC Registration Agency (KRA) pursuant to SEBI KYC Registration Regulations, 2011. To avoid duplication of KYC process with every intermediary, SEBI has prescribed a mechanism for centralisation of the KYC records in the securities market.
KRA will maintain the KYC records of investors in physical and electronic form. An intermediary will upload the details the KYC of its clients on the KRA system. When the client approaches another intermediary, that intermediary can verify and download the client’s details from the system. So, once the client has undergone the KYC process with a registered intermediary, he need not undergo the same process...
To continue reading this article, you must be a Premium subscriber...
More in Moneylife
Abhishek, we will miss you terribly... +5609 views
TODAY'S TOP STORIES
Ameet Patel on Budget 2014
perfect .................... Jadhwani
What's your say?
What you said
Thanks for casting your votes! View Previous Polls