Answer-Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as...

The beneficial owner of a company, under RBIs KYC guidelines, is defined as a natural person with more than 10 ownership in shares, capital, or profits, or someone who exercises control over management or policy decisions of the company.

Question

Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as _________.

A Any individual with more than 5% ownership

B Any member of the company’s board of directors

C Any natural person holding more than 10% shares or controlling the company’s policies

D The CEO of the company

E The largest individual shareholder

Practice Next

More Banking Operations Questions

As per section 2(52) of the CGST Act, 2017, the term "Goods" includes
Basel III requires minimum Common Equity Tier 1 ratio of:
When the RBI increases the "Repo Rate," it generally leads to:
The "Basle III" norms primarily focus on:
What are sweat equity shares?
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
"Systematic Risk" is also known as:
Nostro account is maintained in:
What is the primary role of the Central KYC Records Registry (CKYCR)?
"Amortization" is the process of:

Relevant for Exams:

SIDBI Grade A (Assistant Manager)

Hey! Ask a query

Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as _________.

Detailed Solution

More Banking Operations Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login