At CVL, ethics, values and reputation are vital to our philosophy
CDSL Ventures Limited

KYC Registration Agency (KRA)

The SEBI KYC (Know Your Customer) Registration Agency (KRA) Regulations 2011 have been issued to bring about uniformity in the KYC requirements for the securities market investors. These regulations require that Intermediaries make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship.

CVL is registered as a KRA (KYC Registration Agency) with SEBI. As a KRA, CVL facilitates centralized storing, safeguarding and retrieving the KYC information of the investors and disseminating to the intermediaries as and when required. The core purpose of the KRA system is to obviate the need for submitting KYC documents again by an investor in the capital markets, once the same in updated in the KRA. The KRA facilitates single point change management and helps to maintain uniformity of data across intermediaries and improve compliance levels.

A SEBI registered entity wishing to register for the KRA services can communicate his interest on email. The compliance officer of the intermediary is provided with the login ID, the POS code and the password to enable access to the CVL-KRA system (www.cvlkra.com) for online registration.

Upon logging in, the compliance officer needs to UPDATE COMPANY INFORMATION and fill up rest of the registration form. For access to CVL KRA, the Registration Form and the supporting documents should be submitted (in person or by post/courier) to CVL at the address mentioned below.

CDSL Ventures Limited
I-202, 2nd Floor (Deck Level)
Tower No.4, Above Belapur Railway Station
Belapur, Navi Mumbai - 400614

Following supporting documents (certified by the Designated/Whole Time Director(s)/Company Secretary along with seal/stamp of the Intermediary) need to be submitted to CDSL Ventures Limited (CVL) to confirm registration:

  1. Copy of SEBI Registration Certificate.
  2. Copy of PAN Card.
  3. Name(s) of Designated/Whole Time Director(s)/Company Secretary along with their designation, Director Identification Number (DIN)/PAN and signature(s) on the letterhead of the Intermediary.
  4. Copy of the latest Balance Sheet.
  5. Duly signed copy of Terms and Conditions.

The envelope containing the documents should be superscribed “REGISTRATION OF INTERMEDIARY WITH CVL-KRA” in block letters above CDSL Ventures Limited address. The envelope should also mention the details of the Intermediary including name, address and phone numbers either on the front or back of the envelope.

Detailed Registration process, Terms and Conditions, and Application Form can be found here - http://www.cvlkra.com/Downloads/CVLKRA_Operating_Instructions.zip

Upon submitting the form, the CVL KRA access shall be enabled within a period of 21 days (or for any such period as may be decided by CVL-KRA) from the date of creation.

Once the access is enabled, the POS code and user credentials are issued to the intermediary. Using the credentials, the intermediary can perform ‘create KYC’ and ‘fetch KYC’ activities in the system.

  1. Entity/Client should fill-up the mandated KYC form when he has agreed to join/establish a business relationship with an intermediary. All the relevant forms can be found here - http://www.cvlkra.com/Downloads/CVLKRA_Application_Forms.zip
  2. Self-certified copy of Proof of Identity (POI) and Proof of Address (POA) (along with other documents as specified by SEBI in respect of non-individual entities) need to be submitted along with the Form.
  3. In case the details are not complete/or are different from the details submitted by the client the Intermediary would update the same in the KRA system and submit self-certified copies of supporting KYC documents where applicable.
  4. IPV (In-Person-Verification) shall be carried out by the Intermediary.
  5. On ensuring completeness of the documents, the Intermediary shall record the details from the KYC form in the KRA system for further verification by KRA.

List of Documents Required

  1. POI
    • Unique Identification Number (UID) (Aadhaar) Passport/Voter ID card/driving license.
    • PAN card with photograph.
    • Identity card/document with applicant’s Photo, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions.
    • Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council, etc., to their Members, Credit cards/Debit cards with photographs issued by Banks.
    • Proprietor - In case of sole proprietors, sole proprietor must make the application in his individual name and capacity. The requirements remain the same as in case of Individual.
    • Non-Resident Indian: Submission of passport copy with relevant details is mandatory. Also in case of NRI, overseas address is mandatory.
    • In case of Merchant Navy NRIs, Mariner’s declaration or certified copy of CDC (Continuous Discharge Certificate) is to be obtained.

  2. POA
    • Passport/Voters Identity Card/Ration Card/Registered Lease or Sale Agreement of Residence/Driving License/Flat Maintenance bill/Insurance Copy.
    • Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill - Not more than 3 months old.
    • Bank Account Statement/Passbook - Not more than 3 months old.
    • Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.
    • Proof of Address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-operative Bank/Multinational Foreign Banks/Gazetted Officer/Notary Public/Elected representatives to the Legislative Assembly/Parliament/Documents issued by any Govt. or Statutory Authority
    • Identity card/document with address, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.
    • For FII/sub account, Power of Attorney given by FII/sub-account to the Custodians (which are duly notarized and/or apostiled or consularised) that gives the registered address should be taken.
    • The proof of address in the name of the spouse may be accepted.

In case of Non-Individuals, additional documents to be obtained from non-individuals, over & above the POI & POA, as mentioned below:

  1. Corporate
    • Copy of the balance sheets for the last 2 financial years (to be submitted every year).
    • Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations.
    • Copies of the Memorandum and Articles of Association and certificate or incorporation.
    • Copy of the Board Resolution for investment in securities market.
    • Authorized signatories list with specimen signatures.

  2. Partnership Firm
    • Copy of the balance sheets for the last 2 financial years (to be submitted every year).
    • Certificate of registration (for registered partnership firm only).
    • Copy of partnership deed.
    • Authorized signatories list with specimen signatures.
    • Photograph, POI, POA, PAN of Partners.

  3. Trust
    • Copy of the balance sheets for the last 2 financial years (to be submitted every year).
    • Certificate or registration (for registered trust only).
    • Copy of Trust deed.
    • List of trustees certified by managing trustees/CA.
    • Photograph, POI, POA, PAN of Trustees.

  4. HUF
    • PAN of HUF/Karta.
    • Deed of declaration of HUF/List of coparceners.
    • Bank pass-book/bank statement in the name of HUF/Karta.
    • Photograph, POI, POA, PAN of Karta.

  5. Unincorporated association or a body of individuals
    • Proof of Existence/Constitution document.
    • Resolution of the managing body & Power of Attorney granted to transact business on its behalf.
    • Authorized signatories list with specimen signatures.
    • Banks/Institutional Investors.
    • Copy of the constitution/registration or annual report/balance sheet for the last 2 financial years.
    • Authorized signatories list with specimen signatures.
    • Foreign Institutional Investors (FII) *FPI.
    • Copy of SEBI registration certificate.
    • Authorized signatories list with specimen signatures.
    • *Foreign Portfolio Investor (FPI).
    • Army/Government Bodies.
    • Self-certification on letterhead.
    • Authorized signatories list with specimen signatures.
    • Registered Society.
    • Copy of Registration Certificate under Societies Registration Act.
    • List of Managing Committee members.
    • Committee resolution for persons authorized to act as authorized signatories with specimen signatures.
    • True copy of Society Rules and Bye Laws certified by the Chairman/Secretary.

In case of any queries, kindly send an email to [email protected] or call on 022 61216969.

List of Clients

Sl. No. Name
1. ACUMEN CAPITAL MARKET INDIA LTD
2. AJCON GLOBAL SERVICES LIMITED
3. ALICE BLUE FINANCIAL SERVICES PVT LTD
4. ANAND RATHI SHARE AND STOCK BROKERS LIMITED
5. ARCH FINANCE LIMITED