photo
fine gateway
 
 
banner
Unincorporated Association
Documents needed for verification:
  • Resolution of the managing body of such association or body of individuals;
  • Power of attorney granted to him to transact on its behalf;
  • An officially valid document in respect of the person holding an attorney to transact on its behalf; and
  • Such information as may be required by the banking company or the financial institution or the intermediary to collectively establish the legal existence of such an association or body of individuals.
Relevant provision of Rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 is reproduced as under:

(9) Where the client is an unincorporated association or a body of individuals, it shall submit to the reporting entity one certified copy of the following documents:—

  • resolution of the managing body of such association or body of individuals;
  • power of attorney granted to him to transact on its behalf;
  • an officially valid document in respect of the person, holding an attorney to transact on its behalf; and
  • such information as may be required by the reporting entity to collectively establish the legal existence of such an association or body of individuals.

 
whats new

 
NDPS Act, 1985

UAPA, 1967

The Prevention of Money Laundering (Amendment) Act, 2012 (Scanned Format)

The Prevention of Money Laundering (Amendment) Act, 2009 (Scanned Format)

The Prevention of Money Laundering (Amendment) Act, 2005 (Scanned Format)

The Prevention of Money Laundering Act, 2002 (Scanned Format)

WARNING

FIU-India does not seek any information from individuals. If any person receives any such letter/query, it is a fraud and it should be immediately reported to the Police and also brought to the notice of FIU-IND...more
 
 
TOP