Sr. No.

Proof of Identity and Address

i

Valid Passport

ii

Valid Driving Licence

iii

Voter’s Identity Card issued by Election Commission of India

iv

Proof of possession of Aadhaar Number (i.e. Aadhaar card, Aadhaar letter downloaded from UIDAI website, e-Aadhaar,) **

v

Job Card issued by NREGA duly signed by an officer of the State Government

vi

Letter issued by the National Population Register containing details of Name, Address of the customer (Only as Proof of Address)

* Obtaining a Certified Copy by Regulated Entity (this includes BFL) means comparing the copy of Officially Valid Document (OVD) so produced by the client (i.e. customer) with its Original and recording the same on the copy by the authorised officer of the Regulated Entity”.

Copies of the KYC documents should be self-attested by the customers

** To Ensure that first 8 digits of the Aadhaar No. (on copy of Aadhaar Letter/Aadhaar Card obtained), must be redacted or blackened and it is not legible and the Aadhaar No. should not be entered/stored in any system.

Sr. No.

Proof of Address (PoA)

i

Utility bill, in the name of the client, which is not more than two months old of any service provider (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water bill)

ii

Property or Municipal tax receipt

iii

Pension or Family Pension Payment Orders (PPOs) issued to retired employees by Government Departments or Public-Sector Undertakings, if they contain the address

iv

Letter of Allotment of Accommodation from Employer issued by State Government or Central Government Departments, Statutory or Regulatory Bodies, Public Sector Undertakings, Scheduled Commercial Banks, Financial Institutions and Listed Companies, and Leave & License Agreements with such employers allotting official accommodation

In case a client submits Deemed to be OVD (DOVD) towards Current Address, client must submit an OVD mentioned in (A)(3), updated with Current Address, within three months of submission of the DOVD.

Sr. No.

Proof of Business/ Activity in the name of the Proprietorship Concern

i

Registration Certificate including Udyam Registration Certificate (URC) issued by the Government (Indicative list of Licenses / Certificates is given in Annexure - I)

ii

Certificate / License issued by the Municipal Authorities under Shop & Establishment Act

iii

Sales and Income Tax returns

iv

GST/ CST/ VAT certificate

v

Certificate / Registration document issued by Sales Tax / Service Tax / Professional Tax Authorities

vi

Importer Exporter Code (IEC) issued to the Proprietary Concern by the office of DGFT/ Licence/Certificate of Practice issued in the Name of the Proprietary Concern by any Professional Body Incorporated under a Statute

vii

The complete Income Tax return (not just the acknowledgement) in the Name of the Sole Proprietor where the firm’s income is reflected and the same is duly authenticated / acknowledged by the Income Tax Authorities

viii

Utility Bills such as Electricity, Water, and Landline Telephone bills in the Name of the Proprietary Concern

Relaxation in obtaining two documents in the name of Proprietorship Concern:

In case BFL Official is satisfied that it is not possible for the Proprietor to furnish two documents as proof of business/ activity in the name of the Proprietorship Concern, BFL Official has discretion to accept only one of these documents (as mentioned in (B) (1)) subject to following conditions:

• The official should undertake Contact Point Verification (CPV),
• The official should collect the information necessary to establish the exercise of the Proprietorship Concern,
• The official should Confirm, clarify and satisfy himself that the business activity has been verified from the address of the said Proprietorship Concern.
• In such cases, obtain Declaration from Proprietor as per Annexure – II A and the concerned BFL Official should submit Due Diligence Report as per Annexure – II B

Sr. No.

Document Name

i

Registration Certificate

ii

PAN of the Firm (PAN is mandatory)

iii

Partnership Deed

iv

One recent Photograph, PAN or Form 60, and valid OVD of the person holding an Attorney to transact on its behalf as per Point (A)

v

Beneficial Ownership Declaration as per Annexure III & KYC Documents of BO as per Point (A)

vi

Names of all the partners

vii

Address of the registered office, and the principal place of its business, if it is different

Sr. No.

Document Name

i

PAN of the Company (PAN is mandatory)

ii

Certificate of Incorporation

iii

Memorandum and Articles of Association (MOA & AOA)

iv

Resolution from the Board of Directors and Power of Attorney granted to its Managers, Officers or Employees to transact on its behalf

v

One recent Photograph, PAN or Form 60, and valid OVD of the person holding an Attorney to transact on its behalf as per Point (A).

vi

Beneficial Ownership Declaration as per Annexure III & KYC Documents of BO as per Point (A)

vii

i.
ii.
iii.
iv.
v.

Names of the relevant persons holding senior management position on letter head of company signed by authorised signatory/ Company Secretary;Senior Management includes:

Chief Executive Officer or Managing Director or Manager;
Company Secretary;
Executive/ Whole-Time Director;
Chief Financial Officer;
Any other persons as approved by the Board as Key Managerial Person

viii

Registered office and the principal place of its business, if it is different (on letter head of company).

Sr. No.

Document Name

i

Registration Certificate

ii

Trust Deed

iii

PAN or Form No.60 of the Trust

iv

One recent Photograph, PAN or Form 60, and valid OVD of the person holding an Attorney to transact on its behalf as per point (A).

v

Beneficial Ownership Declaration as per Annexure III & KYC documents of BO as per Point (A)

vi

Names of the (a) Beneficiaries, (b) Trustees, (c) Settlor and (d) Authors of the trust

vii

Address of the registered office of the trust

viii

List of trustees and documents, as specified as per point (A), for those discharging role as trustee and authorised to transact on behalf of the trust

Sr. No.

Document Name

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 (POA) granted to attorney holder to transact on its behalf

iv

One recent Photograph, PAN/ Form 60 and valid OVD of the person holding an Attorney to transact on its behalf.

(Attorney holder means Manager, Officer, Employee, Authorised Signatory, etc. holding an Attorney to transact on behalf of the client as mentioned in Point (A))

v

Such information as may be required to collectively establish the legal existence of such Association or Body of Individuals (Proof of Existence/ Constitution document)

vi

Beneficial Ownership Declaration as per Annexure III & KYC documents of BO as per Point (A)

Sr. No.

Document Name

i

Deed of Declaration of HUF or HUF Letter having Name and Signature of all Adult Male and Female Co-Parceners

ii

PAN of HUF

iii

One recent Photograph, PAN or Form 60, and valid OVD of the person holding an Attorney to transact on its behalf as per Point (A).

Sr. No.

Document Name

i

Limited Liability Partnership Agreement

ii

Certificate of Incorporation

iii

PAN of the LLP (PAN is mandatory)

iv

List of all existing designated partners of the LLP along with the Designated Partner Identification Number (DPIN) issued by the Central Government (on the letterhead of the LLP)

v

Resolution passed at the meeting of the Designated Partners for placing such Deposit/borrowing request with BFL.

vi

Proof of Address in the name of LLP

vii

One recent Photograph, PAN or Form 60, and valid OVD of the person holding an Attorney to transact on its behalf as per Point (A).

viii

Beneficial Ownership Declaration as per Annexure III & KYC documents of BO as per Point (A).

ix

Registered office Address, and the principal place of its business, if it is different (on the letterhead of LLP).

Sr. No.

Document Name

i

Document showing name of the person authorised to act on behalf of the entity

ii

One recent Photograph, PAN or Form 60, and valid OVD of the person holding an Attorney to transact on its behalf as per Point (A).

iii

Such documents as may be required by BFL to establish the legal existence of such an entity/ juridical person (Proof of Existence/ Constitution document)

Sr. No.

Particulars

1

Obtaining a Certified Copy means comparing the copy of Officially Valid Document (OVD) or Deemed to be OVDs submitted by the client (i.e. customer) with its original and recording the same on the copy by the authorised officer of the reporting entity.

After verifying the copy with original OVD/DOVD, the authorised officer should certify on the copy by mentioning Original Seen and Verified (OSV) and put his/her signature.

2

Beneficial Owner (BO) is a Natural Person(s) (i.e. individual) who, whether acting alone or together, or through one or more juridical persons, has/have a controlling ownership interest or who exercise control through other means. In case of account of a legal entity, BO must be identified and verified at the time of onboarding of a customer by obtaining BO Declaration as per Annexure III and KYC Documents as listed in Point (A).

3

Earlier all 12 digits of Aadhaar No. had to be redacted. As per clarifications from RBI and CKYCR requirement, only first 8 eights of Aadhaar No. to be redacted on copy of Aadhaar Letter/ Aadhaar Card Obtained.

While obtaining copy of Aadhaar letter/ Aadhaar Card, ensure to redact/ blacken only the first eight digits of Aadhaar No.

4

In case, where a client has submitted Deemed to be OVD (DOVD) towards Current Address, such client must submit an OVD updated with Current Address within three months of submission of the DOVD documents.

5

OVDs and Deemed to be OVDs should be in the name of the client (i.e. customer)

6

Attorney holder means Trustee, Manager, Officer, Employee, Authorised Signatory, etc. holding an Attorney to transact on behalf of the client as per Point (A).

7

Photograph, Photocopy of the OVD/DOVD or any documents obtained must be clear & legible.

8

PAN is mandatory in case of Account of Company and Partnership Firm.

9

Where Permanent Account Number (PAN) is obtained from client, the same shall be verified from the verification facility of the issuing authority

10

Where Goods and Services Tax (GST) details are available, the GST number shall be verified from the search/verification facility of the issuing authority.

Indicative List of Licenses / Certificates Issued in the Name of the Proprietorship Firm by any Professional Body Incorporated under a Statute

Sr. No.

Type of Document

1

Full Fledge Money Changer (FFMC) Licence issued by RBI.

2

Small Scale Industries Certificate: Trade Licence issued by Department of Industries and Commerce.

3

Permission issued by respective Government Authority for units in SEZ (Special Economic Zone), STP (Software Technology Park), EOU (Export Oriented Unit), EHTP (Electronic Hardware Technology Park), DTA (Domestic Tariff Area) and EPZ (Export Processing Zone).

4

Registration Certificate of recognised Provident Fund with PF Commissioner.

5

Permission to carry out business issued by Village Administrative Officer / Panchayat Head / Mukhiya / Sarpanch / Talati / Village Developmental Officer / Block Development Officer or Equal Rank officer for customers in rural / village areas and President / CEO if the document is issued by Nagar Parishad / Zilla Parishad. Branch to ascertain and ensure that the official who has signed the certificate has been empowered to do so.

6

Factory Registration Certificate issued by any State / Central Government Authority.

7

Licence to sell stock or exhibit for sale or distribute insecticides, under the Insecticides Rules, issued by respective State / Union Government Department.

8

Licence issued under Contract Labour (Regular & Abolition) Act 1970. If generated online it should be attested by Municipal Authorities.

9

Licence issued by Police Department under the provisions of State Police Acts.

10

Zilla Udyog Kendra Registration Certificate.

11

Registration for Fire Goods issued by Municipal Corporations.

12

Trade Licence from Labour Department.

13

Certificate issued by ANCHAL SAMITI MEMBER for existence of Firm. The Anchal Samiti exists at the Block level in Arunachal Pradesh and is a body under the Panchayati Raj system for a cluster of villages.

14

APMC / Mandi License / Certificate and as part of due diligence, please obtain the receipt for amount paid to the concerned authority for issuance/ renewal of this license.

15

Gram Panchayat Certificate (should be on letterhead and not more than 3 months old).

New establishment

Low turnover

Operating from residence

Other (Please specify)

Due Diligence Report

File No. /Reference No.

Name of the Proprietorship Firm

Name of the Proprietor of the Proprietorship Firm

Address of the Proprietorship Firm

Name of the officer, who has conducted contact point verification

List of documents obtained as a proof of business/ activity of the firm

Reason(s) to believe that the applicant is unable to provide one of such documents

Other information and clarification obtained to establish existence of such firm

List of additional documents obtained

Status of the site visit report (Available/ unavailable

Employee Name & Signature:

_____________________________________

Designation:

_____________________________________

Employee ID:

_____________________________________

Date:

_____________________________________

Place:

_____________________________________

Account No. / Deposit ID:

Customer ID: _____________

In case the Applicant is listed on any stock exchange or is a subsidiary of an entity which is listed on a stock exchange, please fill only the below section and sign in Section II.

Name of the Entity: -----------------------

Type of the Entity: Pvt Ltd Co.Partnership FirmUnincorporated Association or Body of IndividualsTrustLLPListed Entity on Stock ExchangeOthers______________________

Address of the Entity: --------------------------

_{Sr. No.}

_{Name of Beneficial Owner (Shareholders / Partners/Trustees etc.)}

_{Address of Beneficial Owner (Shareholders/ Partners/ Trustees etc.)}

_{Beneficial Owner Type (Refer Note-C)}

_{Details of KYC Documents/ CKYCR No (Refer Note E)}

_{PAN/ Registration No.}

_Nationality

_{% of Shareholding / Profits / Interest / Ownership in the Entity}

₁

₂

₃

₄

_{Sr. No.}

_{Name of Beneficial Owner (Shareholders / Partners/Trustees etc.)}

_{Address of Beneficial Owner (Shareholders/ Partners/ Trustees etc.)}

_{Beneficial Owner Type (Refer Note-C)}

_{Details of KYC Documents/ CKYCR No (Refer Note E)}

_{PAN/ Registration No.}

_Nationality

_{% of Shareholding / Profits / Interest / Ownership in the Entity}

₁

₂

₃

₄

Authorised Signatory (ies)

(i)Signature ________________

Authorised Signatory (ies)

(ii)Signature ________________

Authorised Signatory (ies) (Refer note D for Signature requirement)

(iii)Signature ________________

Partnership Firm / LLP: natural persons / partners

Club: Members / Authorized Signatories / Beneficiary

Trust: Trustees / Settlor / Protector / Beneficiary

Association of Persons: Members / Auth. Signatories / Beneficiary

Foundation: Founder managers/Directors / Beneficiary

Pvt. Ltd companies and Unlisted Public Ltd Companies: Shareholder / Directors / Other Beneficiaries

Society: Members/Authorized Signatories / Beneficiary

In case of Foreign Entity: Shareholder/Director/Other Beneficiaries

Sr. No.

Type of Entity

Signatory (ies) for Signing BO Declaration

i

Partnership Firm / LLP / Trust / Foundation / Society / Club

Authorized Signatories should sign as per the Mode of Operations

ii

Association

All Authorized Signatories should sign

iii

Unlisted Public Limited Companies and Private Limited Companies

Any two Directors or Company Secretary or Authorized Signatories as per the Board Resolution

iv

Foreign Entity

All Authorized Signatories should sign

Sr. No.

Officially Valid Documents (OVDs)

1

Valid Passport

2

Valid Driving License

3

Voter's Identity Card issued by Election Commission of India

4

Proof of possession of Aadhaar Number
(i.e. Aadhaar Card, Aadhaar Letter downloaded from UIDAI website, e-Aadhaar, ) **

5

Job Card issued by NREGA duly signed by an officer of the State Government

6

Letter issued by the National Population Register containing details of Name, Address of the customer with photograph of the card holder.

* Obtaining a Certified Copy by Reporting Entity (this includes our Company) means comparing the copy of Officially Valid Document (OVD) so produced by the client (i.e. customer) with its Original and recording the same on the copy by the authorized officer of the Reporting Entity”
Copies of the KYC Documents should be Self- attested by the customers.

** Ensure to redact/ mask only the first eight digits of the Aadhaar No. (on copy of Aadhaar Letter/Aadhaar Card obtained), and it is not legible.