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BO FORM

The document is a Beneficial Ownership Declaration form that outlines the requirements for identifying beneficial owners of companies, partnerships, and trusts. It specifies exemptions for certain entities and provides guidelines for collecting information about natural persons with ownership interests. Additionally, it includes sections for personal details, signatures, and photographs of beneficial owners.

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aashishtopre75
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12 views

BO FORM

The document is a Beneficial Ownership Declaration form that outlines the requirements for identifying beneficial owners of companies, partnerships, and trusts. It specifies exemptions for certain entities and provides guidelines for collecting information about natural persons with ownership interests. Additionally, it includes sections for personal details, signatures, and photographs of beneficial owners.

Uploaded by

aashishtopre75
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Version- BO FORM_v.

Annexure 5* - BENEFICIAL OWNERSHIP DECLARATION

Note:

i. Beneficial Owners are not required to be identified in the case of company listed on stock
exchanges in India or Wholly Owned Subsidiaries company listed on stock exchanges in India
or it is an entity resident in jurisdictions notified by the Central Government and listed on
stock exchanges or it is a subsidiary of such listed entities in any jurisdictions as notified by
Central Government.
ii. In cases of trust/nominee or fiduciary accounts determine whether the customer is acting
on behalf of another person as trustee/nominee or any other intermediary and obtain
satisfactory evidence of the identity of the intermediaries and of the persons on whose
behalf they are acting as well as details of the nature of the trust or other arrangements in
place.

Please tick the relevant option below:

o Where customer is a company, the following natural person(s) who whether acting alone or
together or through one or more juridical person has /have ownership and ultimately have a
controlling ownership interest of shares/capital/profits of more than 10 percent in the company
or who exercise control in the company through other means.

o Where customer is a partnership firm or LLP, the following natural person(s) who, whether acting
alone or together, or through one or more juridical person, has/have ownership of/entitlement to
more than 10 percent of capital or profits of the partnership.
o
o Where customer is an unincorporated association or body of individuals
(Association/Society/etc.), the following natural person(s) who, whether acting alone or
together, or through one or more juridical person, has/have ownership of/entitlement to more
than 15 percent of the property or capital or profits of the unincorporated association or body
of individuals.

o There are no natural person(s) who exercise control or ultimately have a controlling ownership
interest as stated above; therefore, details of partner(s) (for partnership firms)/ or senior
managing official of a company/unincorporated association/body of individuals
(Association/Society/etc.), as the case may be, have been provided in the table below.

o Where the customer is a trust, the following are the natural persons who, are the author of the
trust, the trustee, the beneficiaries with 10 percent or more interest in the trust and any other
natural person exercising ultimate effective control over the trust through a chain of control or
ownership.
Version- BO FORM_v.1

Name of the Applicant/ Customer: _________________________________________________


Does the OVD
Control
address match the
Details Controlling
current address (If Date of
Type Ownership %
Sr Current "No" provide a Mobile Birth Gende
No Name Address deemed OVD) number (DOB) r

Tax
OVD & Identificatio
PAN Father's Country Country of Tax
Nationality Resident of India Deemed Occupation n
# name of Birth Residence
OVD Number
(TIN)
o Resident
o Non Resident

Notes

# Please quote PAN/form 60 in the PAN field.


Applicable for Indian nationals/resident individuals. For other countries, functional equivalent of PAN
(like Tax identification number-TIN number or unique number like Social Security Number-SSN) can be
provided.

1)Photograph of BO is mandatory

2) Either Mother, Father name or Spouse’s name is mandatory. In case PAN is not available Father’s
name is mandatory.

3)Senior Managing Official would include key managers, and c-suite individuals (like CEO, CFO, COO etc)
Version- BO FORM_v.1

4) In case Original Seen & Verified (OSV) certification is not possible for BOs who are Foreign Nationals /
NRIs/ PIOs, the document needs to be certified by any one of the following authorities:

 Authorized officials of overseas branches of Scheduled Commercial Banks registered in India


 Branches of overseas banks with whom Indian banks have relationships
 Notary Public abroad
 Court Magistrate
 Judge
 Indian Embassy/ Consulate General in the country where the non-resident customer resides

I/We agree that I/We will notify IDFC FIRST Bank without delay of any changes to the Beneficial
Owner/Controlling natural person, as declared in the table above.

1.Signature of Authorised Signatories:

Name
Designation
Date- DD/MM/YYYY

2.Signature of Authorised Signatories

Name:

Designation:

Date-DD/MM/YYYY

Photograph of Beneficial Owners

Recent Color Recent Color


Photograph Photograph
Version- BO FORM_v.1

Name………………………………………………………………. Name……………………………………………………………….

Recent Color Recent Color


Photograph Photograph

Name………………………………………………………………. Name……………………………………………………………….

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