The Securities & Exchange Board of India in its press release dated 29th April 2020 has enabled the usage of eSign, Digilocker and electronic signature as permitted by the Government of India under the Information Technology Act, 2000 which would facilitate the investors to complete the KYC without the requirement of physically visiting the office of the intermediary.
SEBI has also allowed eSign mechanism for affixing cropped signature on the KYC form and on the copy of OVD of the investor and it has allowed the investor to complete the KYC process by filling the online KYC form. The completed online KYC form could be submitted by the investor to the intermediary.
Once all the information as required as per the online KYC form is filled up by the investor, the process can be completed and then the investor will need to take a printout of the completed form and after affixing their signature, send the scanned copy of the same to the registered intermediary under eSign and the registered intermediary would forward the KYC completion intimation letter to the address of the investor in cases where the investor has given address other than as given in the official document.
Click here to read the Notification.
