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Home > Identity of clients > Trust

Trust

Documents needed for verification:

Registration certificate;
Trust deed; and
An officially valid document in respect of the person holding an attorney to transact on its behalf.

Relevant provision of Rule 9 of the Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Rules, 2005 is reproduced as under:

"9. Verification of the records of the identity of clients.
..
(5) Where the client is a trust , it shall, for the purposes of sub-rule (1) submit to the banking company, or the financial institution, or the intermediary three certified copies of the following documents:
(i) registration certificate;
(ii) trust deed; and
(iii) an officially valid document in respect of the person holding an attorney to transact on its behalf."

	Identity of clients >> Overview
	Identity of clients >> Verification of identity
	Identity of clients >> Individuals
	Identity of clients >> Company
	Identity of clients >> Partnership Firm
	Identity of clients >> AOP or BOI
	Identity of clients >> Know Your Customer Guidelines
	Identity of clients >> Client Identification Programme
	Identity of clients >> Maintenance of Records
	Identity of clients >> Retention of Records
	PMLA >> Section 12 - Obligations under PMLA
	Notifications >> Notification No. 9/2005 - Rules for Record Keeping and Reporting
	Notifications >> Rule 9 - Verification of the records of the identity of clients
	Notifications >> Rule 10 - Maintenance of the records of the identity of clients
	Notifications >> Notification No. 15/2005 - Amendment to Rules