What are the document requirements for the Know Your Business (KYB) application process? – eXchange1

KYB- Global Requirements

Legal entity type required documents	Partnership	Private & Public corporations	Trusts	Global Unincorporated
Certificate of incorporation	Yes	Yes	Yes	Yes
Business registry check	Yes	Yes	Yes	Yes
Articles/Memorandum of association (not required for trusts)	Yes	Yes	No	No
Certificate of incumbency/Good standing	Yes	Yes	Yes	No
Shareholder list (not required for trusts)	Yes	Yes	No	Yes
Authorised list	Yes	Yes	Yes	No
ID's of UBO's (not required for trusts)	Yes	Yes	No	Yes
ID of settlor proof of address	Yes	Yes	Yes	No
ID of trusts proof of address	Yes	Yes	Yes	No
ID of beneficiary	Yes	Yes	Yes	No
Proof of address of UBO's (not requried for trusts)	Yes	Yes	No	Yes
ID's of Authorised user (Primary control person, authorised signatory & authorised applicant)	Yes	Yes	Yes	No
Proof of address of authorised users (Primary control person, authorised signatory & authorised applicant)	Yes	Yes	Yes	No
Director list (not requried for trusts)	Yes	Yes	No	No
ID's of Directors (not required for trusts)	Yes	Yes	No	No
Company Bank statement dated within last 3 Months	Yes	Yes	Yes	Yes
Identification and verification of UBO's source of wealth (25% or above) (not required for trusts) also it is only required at the time of KYB	Yes	Yes	No	No
Partnership Deed (not required for trusts)	Yes	No	No	No
Trust Deed	No	No	Yes	No
Proof of address of a company (e.g., Utility bills etc.)	Yes	Yes	Yes	Yes

India-KYB Requirements

Legal entity type required documents	LLP Partnership	Private & Public Corporations	Trusts	Sole Proprietorship	Partnership Firm
Certificate of incorporation	Yes	Yes	Yes	No	No
Business registry check (Optional)	Yes	Yes	Yes	No	No
Articles/Memoradum of association	Yes	Yes	No	No	No
Certificate of incumbency/Good standing (optional)	Yes	Yes	Yes	No	Yes
Shareholder list	Yes	Yes	Yes	No	No
Authorised list	Yes	Yes	Yes	No	Yes
ID's of UBO's	Yes	Yes	No	Yes (Sole Proprietor)	Yes (Partners)
Proof of address of UBO's	Yes	Yes	Yes	Yes (Sole Proprietor)	Yes
ID's of Authorised user	Yes	Yes	Yes	No	Yes
Proof of address of authorised users	Yes	Yes	Yes	No	Yes
Director list	Yes	Yes	Yes	No	No
ID's of Directors	Yes	Yes	Yes	No	No
Company Bank statement dated within last 3 Months	Yes	Yes	Yes	Yes	Yes
Identification and verification of UBO's source of wealth (10% or above)	Yes	Yes	No	No	No
Partnership Deed	Yes	No	Yes	No	Yes
Trust Deed	No	No	Yes	No	No
GST Certificate (India)	Yes	Yes	Yes	Yes	Yes
Company's PAN (India)	Yes	Yes	Yes	Yes	Yes
Proof of address of a company (e.g., Utlity bills etc.)	Yes	Yes	Yes	Yes	Yes
Tax document (optional)	Yes	Yes	Yes	No	Yes
Udhyam Aadhar	No	No	No	Yes	No
Shop Act	No	No	No	Yes	No

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