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

ody of individuals and operated by such individual(s)/person(s).e) Where the depository account would be opened in the name ofindividuals, carry out the „in-person‟ verification of suchindividuals and record the details of IPV as per the procedurelaid out in point no. 1.2.1 (III) above.VII.Banks/Institutional Investorsa) Copy of the constitution/registration or annual report/balancesheet for the last 2 financial years.b) Authorized signatories list with specimen signatures andphotographs.VIII.Foreign Institutional Investors (FIIs)a) Copy of SEBI registration certificate.b) Authorized signatories list with specimen signatures andphotographs.c) Participants need not enter into Participant-Client agreementprovided:(i) FIIs are registered with SEBI and have entered into anagreement with the Participant either directly or through theirpower of attorney holders in accordance with the provisions ofsub-regulation (1) of regulation 16 of the SEBI (ForeignInstitutional Investors) Regulations, 1995; and(ii) Such agreement gives the Participant an authority to act onbehalf of the FIIs for availing the services of the Depository;and(iii) Such agreement has been filed with SEBI;(iv) International Multilateral Agency, who has entered into anagreement with the Participant under regulation 17 of the SEBI(Custodians of Securities) Regulations 1996, and such27