Question
Which Act lays down provisions related to KYC
norms?Solution
Section 11A. Verification of Identity by Reporting Entity—(1) Every Reporting Entity shall verify the identity of its clients and the beneficial owner, by— (a) authentication under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) if the reporting entity is a banking company; or (b) offline verification under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016); or (c) use of passport issued under section 4 of the PassportsAct, 1967 (15 of 1967); or (d) use of any other officially valid document or modes of identification as may be notified by the Central Government in this behalf.
Recently Wagon registration changes has been increased for all good by Ministry of railways from Rs. 1500 to _____ per wagon.
In which city did the Union Minister for Health & Family Welfare inaugurate the country's first healthy and hygienic food street named 'Prasadam'?
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Which ministry reviews the interest rates for National Small Savings Schemes?
Where was India’s first glass bridge over the sea inaugurated?
Where has Defense Minister Rajnath Singh recently inaugurated Navy Bhawan, the new headquarters of the Navy?
The European Space Agency (ESA) is launching the JUICE mission, which aims to explore Jupiter's moons. What is the primary objective of the JUICE mission?
Which toxic gas was responsible for the Bhopal industrial disaster?
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- Who was the last ruler of the Delhi Sultanate?
