TMI BlogPrevention of Money-laundering (Maintenance of Records) Amendment Rules, 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... called the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 (hereinafter referred to as the said rules), in rule 2, in sub-rule (1) ,- (i) for clause (aaa), the following clause shall be substituted, namely:- (aaa) Aadhaar number shall have the meaning assigned to it in clause (a) of section 2 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016); (ii) clauses (aac) and (aad) shall be omitted; (iii) in clause (d), (a) after the words driving licence, , the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proviso shall be omitted; (d) in clause (v),- (A) for the portion starting with the words the Aadhaar number and ending with the words officially valid document the words and numbers Permanent Account Number or Form No.60, as the case may be shall be substituted; (B) the proviso shall be omitted; (iv) for sub-rule (6), the following sub-rule shall be substituted, namely:- (6) Where the client is a company, it shall for the purposes of sub-rule (1), submit to the reporting entity the certified copies of the following documents, namely:- (i) certificate of incorporation; (ii) Memorandum and Articles of Association; (iii) Permanent Account Number of the company; (iv) a resolution from the Board of Directors an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Number or Form No.60 of the person holding an attorney to transact on its behalf. ; (vii) for sub-rule (9), the following sub-rule shall be substituted, namely:- (9) Where the client is an unincorporated association or a body of individuals, it shall submit to the reporting entity the certified copies of the following documents, namely:- (i) resolution of the managing body of such association or body of individuals; (ii) Permanent account number or Form No.60 of the unincorporated association or a body of individuals; (iii) power of attorney granted to him to transact on its behalf; (iv) one copy of an officially valid document containing details of his identity and address, one recent photograph and Permanent Account Nu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thentication facility provided by the Unique Identification Authority of India upon receipt of the client's declaration that he is desirous of receiving any benefit or subsidy under any scheme notified under section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies Benefits and Services) Act, 2016 (18 of 2016) in his account: Provided that in cases where successful authentication of Aadhaar number using e-KYC facility has been carried out, the other officially valid document and photograph need not be submitted by the client. ; (x) for sub-rule (16), the following sub-rule shall be substituted, namely:- (16) Every reporting entity shall, where its client submits his Aadhaar number, ensure such client to reda ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... termined by the regulator. ; (xii) for sub-rule (18), the following sub-rule shall be substituted, namely:- (18) In case of officially valid document furnished by the client does not contain updated address, the following documents shall be deemed to be officially valid documents for the limited purpose of proof of address:- (a) utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas, water bill); (b) property or Municipal tax receipt; (c) pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address; (d) letter of allotment of accommodation from e ..... X X X X Extracts X X X X X X X X Extracts X X X X
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