Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Reporting entity to maintain records.

Section 12 - Act - Obligations of Banking Companies, Financial Institutions and Intermediaries - Money Laundering - Section 12 - CHAPTER IV OBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES 1[ 12. (1) Every reporting entity .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rescribed, information relating to such transactions, whether attempted or executed, the nature and value of which may be prescribed; (c) verify the identity of its clients in such manner and subject to such conditions, as may be prescribed; (d) iden .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

2) Every information maintained, furnished or verified, save as otherwise provided under any law for the time being in force, shall be kept confidential. (3) The records referred to in clause (a) of sub-section (1) shall be maintained for a period of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

eporting entity has ended or the account has been closed, whichever is later. (5) The Central Government may, by notification, exempt any reporting entity or class of reporting entities from any obligation under this Chapter.] - Notes:- 1. Substitute .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ns and intermediaries to maintain records.-(1) Every banking company, financial institution and intermediary shall- (a) maintain a record of all transactions, the nature and value of which may be prescribed, whether such transactions comprise of a si .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

y be prescribed; (c) verify and maintain the records of the identity of all its clients, in such manner as may be prescribed: Provided that where the principal officer of a banking company or financial institution or intermediary, as the case may be, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version