Master Circular on 'Account Opening' - Version 1 - NSDL

general/specific approvals as may be required under FEMARegulations.d) Obtain a declaration from the foreign entity that it has complied andwill continue to comply with FEMA Regulations.e) Participant must use separate KYC Application Form to collectinformation for each holder for joint accounts (i.e. for first holder,second holder and third holder).1.3.2 Additional documents to be obtained from non-individuals, over &above the POI & POA, as mentioned below:I. Corporate:a) Copy of the balance sheets for the last 2 financial years (to besubmitted every year).b) Copy of latest share holding pattern including list of all thoseholding control, either directly or indirectly, in the company interms of SEBI takeover Regulations, duly certified by thecompany secretary/Whole time director/MD (to be submittedevery year).c) Photograph, POI, POA, PAN and DIN numbers of whole timedirectors/two directors in charge of day to day operations.d) Photograph, POI, POA, PAN of individual promoters holdingcontrol - either directly or indirectly.e) Copies of the Memorandum and Articles of Association andcertificate of incorporation.f) Copy of the Board Resolution for investment in securitiesmarket.g) Authorised signatories list, specimen signatures and photographs.II.Partnership firm:a) Copy of the balance sheets for the last 2 financial years (to besubmitted every year).21