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Options
- A
Although Mr. Suresh’s KYC is complete, the PMS can still ask for additional documents.
-
Since Mr. Suresh’s KYC is done, the PMS cannot request further documents.
Correct answer
- C
Both of the above
- D
None of the above
Why this is the answer
Investors interact with multiple capital market intermediaries such as asset management companies, stock brokers, and portfolio managers. Previously, investors needed to complete the KYC process separately for each intermediary. However, since January 1, 2012, SEBI has mandated a uniform KYC procedure. If an investor has already completed KYC with any registered intermediary, the same KYC can be used for investing with a portfolio manager.
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