: ***Regulatory changes effective from April 01, 2024**--22/4/24

The Voter's Identity Card issued by Election Commission of India is considered as ____ OVD.

• Proof of Identity

• Overseas Citizenship of India

• Deemed

• SRI

All financial and select non-financial transactions will not be restricted if remediated documents are submitted.

• TRUE

• FALSE

For Deemed OVD(other than Allowed OVDs), where the KYC status is Registered,_____ needs to be done.

• Investor will be required to submit valid Email and/or Mobile or PAN-Aadhaar link to be made and confirmation to be submitted to the existing as well as with new SRI/MF and uploaded as KYC modification request with the concerned KRA. Investor should be requested to complete KYC process using Aadhaar as OVD through Online mode and got successfully validated, then there will not be any requirements to do re-KYC and avoid submission of KYC documents to each of the new SRI/MF.

• Investor will have to provide new contact details before transacting with existing SRI/MF.

• Investors can continue to transact with the existing funds and also open an account with any of the SRIs

• No change

For Deemed OVDs, Investor needs to submit updated officially valid document (or their equivalent e-documents thereof) with current address within a period of _____.

• Not Required.

• three months

• two months

• Immediately

Are Bank statements accepted as Proof of Address (POA) in case of NRIs and Foreign Nationals?

• In case the OVD presented by a foreign national does not contain the details of address, the documents issued by the Foreign Investors bank India shall be accepted as proof of address.

• In case the OVD presented by a foreign national does not contain the details of address, the documents issued by the Government departments of foreign jurisdictions and letter issued by the Foreign Embassy or Mission in India shall be accepted as proof of address.

• In case the OVD presented by a foreign national does not contain the details of identity, the documents issued by the Municipal departments of India shall be accepted as proof of address.

KYC for NRIs/Foreign Investors can be done by visiting Indian Embassy of the said country.

• TRUE

• FALSE

As per recent PMLA amendments, % of beneficial owners has been reduced from 25% and 15% respectively to ___.

• 10%

• 20%

• 30%

Is UBO requirements applicable for Listed Companies?

• YES

• NO

SIP failed for 2 consecutive times for Fornightly SIPs will lead to SIP Auto cancellation.

• TRUE

• FALSE

Investor can opt for cancellation through Online, irrespective of the origin of registration of SIPs.

• TRUE

• FALSE