What is KYC for Private limited

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Accepted Answer

KYC for Private limited refers to the process of verifying the identity of the company and its directors/shareholders to prevent fraud and money laundering.

KYC for Private limited involves collecting documents such as PAN card, Aadhar card, address proof, and incorporation certificate of the company.
Verification of the company's registered address and directors' information is crucial in KYC process.
KYC helps in ensuring that the company is legitimate and compliant with regulations.
Examples of KYC documents for Private limited include Memorandum of Association, Articles of Association, and Board resolution authorizing the opening of bank accounts.

What is KYC for Private limited

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