ICAI KYC NORMS

December, 12th 2016

ANNOUNCEMENT OF KYC NORMS

All the members of Institute of Chartered Accountants of India (ICAI), who are in

practice, are hereby informed that the Council has formulated the Know Your Client

(KYC) norms at it's 356th Meeting held on 29th, 30th June and 1st July, 2016.

KNOW YOUR CLIENT (KYC) NORMS
The financial services industry globally is required to obtain information of their clients
and comply with KYC norms. Keeping in mind the highest standards of Chartered Accountancy profession in India, the Council of ICAI thought it necessary to issue such norms to be observed by the members of the profession who are in practice. In light of this background, the Council of ICAI approved the following KYC Norms which are mandatory in nature and shall apply in all assignments pertaining to attest functions.

INDIVIDUAL/ PROPRIETOR	GENERAL INFORMATION	ENGAGEMENT INFORMATION	REGULATORY INFORMATION
	NAME	TYPE OF ENGAGEMENT INFORMATION
	PAN/ADHAR
	BUSINESS DESCRIPTION
	COPY OF LAST AUDITED FINANCIAL STATEMENT
CORPORATE ENTITY	GENERAL INFORMATION	ENGAGEMENT INFORMATION	REGULATORY INFORMATION
	NAME & ADRESS OF ENTITY	TYPE OF ENGAGEMENT INFORMATION	COMPANY PAN NO
	BUSINESS DESCRIPTION		COMPANY IDENTIFICAITON NO
	COPY OF LAST AUDITED FINANCIAL STATEMENT		DIRECTOR'S NAME & ADDRESS
	NAME OF PARENT COMPANY IN CASE OF SUBSIDARY		DIRECTOR'S IDENTIFICATION NO
NON -CORPORATE ENTITY	GENERAL INFORMATION	ENGAGEMENT INFORMATION	REGULATORY INFORMATION
	NAME & ADRESS OF ENTITY BUSINESS DESCRIPTION COPY OF LAST AUDITED FINANCIAL STATEMENT NAME OF PARENT COMPANY IN CASE OF SUBSIDARY	TYPE OF ENGAGEMENT INFORMATION	FIRMS PAN NO PARTNER'S NAME & ADDRESS PARTNER'S PAN /ADHAR/DPIN NO