CKYC ComplianceNo. of comments:9 Radhakrishna Rao, Mumbai, 33513 On 30-Oct-2017
In March 2017, a KYC request of my client was processed as a CKYC by the registrar KARVY. Last week on the basis of the CKYC # a purchase request was made in ICICI AMC, which subsequently rejected the application on the ground that KARVY had not uploaded the same on the KRA site. The AMC insists that investor's who have a CKYC # are to get a IPV done. Is the AMC right in rejecting the application despite a valid CKYC # & to insist on fresh IPV? Seeking answers from those in the know.