stating that the
concerned bank had fully adhered to the KYC Norms. On further
investigation from the Election Commission office, it was found that ... opened after due
verification of documents and in compliance of the KYC Norms
prescribed by the RBI. It is further stated that the banking
Life
Asaf Ali Raod branch was opened after following all the
KYC guidelines as observed by Reserve Bank of India with regard to
the identity ... customer whose account was opened after
observing Know Your Customer (KYC) guidelines. The defendant
denied that it has caused any loss to the plaintiff. Registration
respondent
no.2 - company is competent to open accounts on receipt of KYC and start
trading. Further, it has been submitted by learned counsel ... family membersother complainants
signed some blank documents (KYC kit) on the misrepresentation that forms
were required to be filled in by the staff
pertaining to account opening form alongwith copies of KYC documents of
Director and Chairman of company i.e copy of ration card of accused
Dharmendra
same is Ex.PW.5/B. At that time KYC norms were
applicable. At the time of opening the account we used
accused also
examined DW1 from Punjab and Sind Bank who brought the KYC documents of
M/s. R.K. Sales Corporation which was exhibited ... bank was examined
by the complainant he brought on record the KYC documents as of M/s. R.K.
Sales Ex.DW1/1 which
posted in
the aforesaid bank has exhibited the account opening form with KYC for
FIR No. 97/06 Page 5 of 21
account ... which are the documents of account opening form with KYC
which shows that the complainant was a joint account holder with Sh.
S.K.Aggarwal
further deposed that during investigation he also seized photocopy of
KYC form of Daljeet Singh, Photocopy of his PAN card, Voter card
and certified copies ... further
deposed that during investigation he also seized the KYC form of
Harjinder Kaur wife of Tajinder Singh of account no. 26198, i.e.
residential
introducer. By way of volunteer, DW1 states that in
case, where KYC norms are complete, no introducer is necessary. DW1
further states that
Before
granting loan the KYC of the borrower is checked in which his
address through and Identify proof are verified. The income proof is
checked
