What are the documents to be shared in hardcopy for IMPS legal agreements?
Only TPA and NDA can be
shared as hardcopies with the On-boarding team to verify, and the Maharashtra
state should be mentioned in the stamp papers to push for legal approval.
Related Articles
Where to upload risk and Legal documents?
Risk docs need to be uploaded under Documents – AML/Risk field, and legal agreements to upload under Documents – Agreements/reports
What are the legal and Risk documents to be uploaded for IMPS?
KYC/AML Declaration & Questionnaire, Compliance form, Board Resolution, RBI License, Letter of Authority/RBI Mandate, Non -Disclosure Agreement, Tri-partite agreement, Wavier letter Bank/ASP
What documents required for cluster approach?
Along with risk & legal documents, waiver letter from bank & ASP is required.
What is expiry date for Risk and Legal approval?
Yes, for Legal it is 6 months if the agreement is executed in Gujrat and Maharashtra Stamp paper; For Risk, is 90 days.
What are the sheets to be filled in Compliance form for IMPS?
Sheets to be filled General sheet, IMPS, IS-KYC- AML, Annexure -II