Financial Intelligence Unit-India (FIU- IND) had advised NSDL to incorporate following details:
- 'Financial status' and 'Nature of Business' of Client in the Account Opening Form (AOF).
- 'Consideration' and 'Reasons/Purpose' in Delivery Instruction Slip (DIS) used for Off-market transactions.
Accordingly, the AOFs for individuals as well as for corporates and DIS are revised to incorporate the aforesaid changes.
The DPs are allowed to use old AOFs & DIS till March 31, 2008 or till such time the old AOFs & DIS are exhausted, whichever is earlier. In the interim, DPs need to ensure that at the time of accepting existing AOF & DIS, for new account opening or for executing the transactions respectively, obtain the additional details as prescribed in the new / revised AOF & DIS on a plain paper duly signed by the applicant(s).
Further, DPs need to obtain the additional details as prescribed in the revised AOF for existing accounts whenever any existing account is identified in the alerts generated by NSDL or by DPs under the PMLA as specified by FIU-IND.
This has been informed to DPs vide Circular Nos. NSDL/POLICY/2007/0069 and NSDL/POLICY/2007/0071 dated November 12, 2007.