KNOW YOUR CLIENT (KYC) NORMS

Client Information as well as due diligence on clients has become a necessity for professionals in today’s complex business scenario. Such an exercise can be made possible in a structured way. Many professional bodies today advise their members to have KYC about their clients so that professionals can freely exercise and deliver their professional services in the best suited way.

However, these norms are recommendatory in nature and every Company Secretary in Practice carrying out attestation function is encouraged to follow them.

                                                           FORMAT

1.	Client Information
	(a)	Name of Entity
	(b)	CIN/ Registration No.
	(c)	Date of Incorporation / Registration No.
	(d)	Type of Entity
	(e)	Business Description
	(f)	Address of Registered Office
	(g)	Email Id (Company Secretary or Managing Director or Contact person)
	(h)	Telephone No.(s)
2.	Corporate Structure
	(a)		Shareholding pattern (with details of holding of more than 25%)
	(b)		Name of the parent Company
	(c)		Name of subsidiaries
3.			Permissible Business information as per Memorandum of Association
4.			Board Structure
5.			Name of the CEO, CFO & Company Secretary
6.			Engagement information
7.			Other Information
			(a)	Details of last IPO/FPO/Rights Issue
			(b)	Name, address and Cop No. of Statutory Auditor
			(c)	Name, address and Cop No. of Secretarial Auditor
8.			Undertaking to be obtained from the client
			I confirm that the above information is to the best of our knowledge and belief true and complete. I undertake to keep the PCS informed, as soon as possible, of all event which take place subsequent to his engagement which are relevant to the information provided above.
			Place:			For….. Signature of client
			Date:
9.			Remarks (if any)

By:- KUNAL SHARMA

Management Trainee

Mobile No.9811660410

Surinder Vashishtha & Associates