Friday, September 20, 2024
Outlook.com
Outlook India
Outlook Business

Srinivas Jain

RBI governor Shaktikanta Das encouraged stakeholders in the sector to form a self-regulatory body and also assured RBI's help for the process

According to the council, the amendments bring several changes to the KYC process for REs (Regulated Entities), including the revision of the threshold of 'beneficial ownership' for registered 'company' and 'trust' to 10 per cent from the earlier 25 per cent...