BlogMinistry of Corporate AffairsKYC Compliance Under the Ministry of Corporate Affairs
SNAPSHOT In common parlance, ‘KYC’ stands for ‘Know your customer’. It is a process undertaken by Banks and other Financial Institutions, wherein correct identity of the client is established by verifying his personal documents (PAN, Passport, utility bills, etc.), before entering into any kind of transaction. Why it is being talked about under Company Law...