Select Category: Signature. The Digital Signatures section is displayed. Note — The above change in preference settings is specific to each client desktop. Javascript is disabled in your browser, hence some functionalities on this website will not work. Please enable the javascript. Includes information on MCA's main functions and other details about the Ministry. Visit these pages to know key MCA contacts and how to reach them. The different types of Digital Signature Certificates are: Class 2: Here, the identity of a person is verified against a trusted, pre-verified database.
It is mandatory to have a valid digital signature certificate for e-filing the forms on eTendering portal. Screen Reader Access. MIS Reports. Tenders by Location. Tenders by Organisation. Tenders by Classification. Tenders in Archive. Tenders Status. Where funds held by the intermediaries are not co-mingled at the bank and there are 'sub-accounts', each of them attributable to a beneficial owner, all the beneficial owners must be identified. Where such funds are co-mingled at the bank, the bank should still look through to the beneficial owners.
Where the banks rely on the 'customer due diligence' CDD done by an intermediary, they should satisfy themselves that the intermediary is regulated and supervised and has adequate systems in place to comply with the KYC requirements.
It should be understood that the ultimate responsibility for knowing the customer lies with the bank. Politically exposed persons are individuals who are or have been entrusted with prominent public functions in a foreign country, e. Banks should verify the identify of the person and seek information about the sources of funds before accepting the PEP as a customer.
The decision to open an account for PEP should be taken at a senior level which should be clearly spelt out in Customer Acceptance policy. Banks should also subject such accounts to enhanced monitoring on an ongoing basis. The above norms may also be applied to the accounts of the family members or close relatives of PEPs. Accounts of non-face-to-face customers. With the introduction of telephone and electronic banking, increasingly accounts are being opened by banks for customers without the need for the customer to visit the bank branch.
In the case of non-face-to-face customers, apart from applying the usual customer identification procedures, there must be specific and adequate procedures to mitigate the higher risk involved. Certification of all the documents presented may be insisted upon and, if necessary, additional documents may be called for. In such cases, banks may also require the first payment to be effected through the customer's account with another bank which, in turn, adheres to similar KYC standards.
In such cases, it must be ensured that the third party is a regulated and supervised entity and has adequate KYC systems in place. Correspondent Banking. Correspondent banking is the provision of banking services by one bank the "correspondent bank" to another bank the "respondent bank". Similarly, banks should try to ascertain from publicly available information whether the other bank has been subject to any money laundering or terrorist financing investigation or regulatory action.
Proposals approved by the Committee should invariably be put up to the Board at its next meeting for post facto approval. The responsibilities of each bank with whom correspondent banking relationship is established should be clearly documented. In the case of payable-through-accounts, the correspondent bank should be satisfied that the respondent bank has verified the identity of the customers having direct access to the accounts and is undertaking ongoing 'due diligence' on them.
The correspondent bank should also ensure that the respondent bank is able to provide the relevant customer identification data immediately on request. Banks should refuse to enter into a correspondent relationship with a "shell bank" i. Shell banks are not permitted to operate in India. Banks should also guard against establishing relationships with respondent foreign financial institutions that permit their accounts to be used by shell banks.
Banks should be extremely cautious while continuing relationships with respondent banks located in countries with poor KYC standards and countries identified as 'non-cooperative' in the fight against money laundering and terrorist financing. Banks should ensure that their respondent banks have anti money laundering policies and procedures in place and apply enhanced 'due diligence' procedures for transactions carried out through the correspondent accounts.
Customer Identification Procedure. Features to be verified and documents that may be obtained from customers. Features Documents Accounts of individuals. Skip to main content. Loans and Credits. The borrower government implements the development project with funds from the World Bank. With technical assistance and support from the Bank's team, the implementing government agency prepares the specifications for the project and carries out all procurement of goods, works and services needed, as well as any environmental and social impact mitigation set out in agreed upon plans.
Financial management and procurement specialists on the Bank's project team ensure that adequate fiduciary controls on the use of project funds are in place. All components at this phase are ready, but project delays and unexpected events can sometimes prompt the restructuring of project objectives.
Once underway, the implementing government agency reports regularly on project activities. The government and the Bank also join forces twice a year to prepare a review of project progress, the Implementation Status and Results Report. The project's progress, outcomes and impact on beneficiaries are monitored by the government and the Bank throughout the implementation phase to obtain data to evaluate and measure the ultimate effectiveness of the operation and the project in terms of results.
Implementation Status and Results Report. When a project is completed and closed at the end of the loan disbursement period, a process that can take anywhere from years, the World Bank and the borrower government document the results achieved; the problems encountered; the lessons learned; and the knowledge gained from carrying out the project.
The report describes and evaluates final project outcomes. The final outcomes are then compared to expected results. The information gained during this exercise is also often used to determine what additional government measures and capacity improvements are needed to sustain the benefits derived from the project. In addition, the evaluation team assesses how well the entire operation complied with the Bank's operations policies and accounts for the use of Bank resources.
The knowledge gained from this results measurement process is intended to benefit similar projects in the future. Implementation Completion and Results Report. The Bank's Independent Evaluation Group assesses the performance of roughly one project out of four about 70 projects a year , measuring outcomes against the original objectives, sustainability of results and institutional development impact.
From time to time, IEG also produces Impact Evaluation Reports to assess the economic worth of projects and the long-term effects on people and the environment against an explicit counter-factual. Project Performance Assessment Reports.
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