Check List of documentation for new accounts

Check List of documentation for new accounts Individual Accounts 1. Recent passport size photograph. 2. Copies of current certified Passport/Identity...
20 downloads 1 Views 50KB Size
Check List of documentation for new accounts

Individual Accounts 1. Recent passport size photograph. 2. Copies of current certified Passport/Identity card with clearly visible photographic image. To be certified ‘True Copy’ by an employee of the Bank or a reputable bank or Offshore Management Company in Mauritius as per list of authorized signatories filed with the Bank. 3. Bank reference from a reputable bank in original. (conduct of account must be mentioned) 4. Proof of Residential Address not older than 6 months e.g ORIGINAL Bank Statement Credit Card, utility bill and Original Bank Reference. 5. Signed account-opening forms. 6. Personal Information form.

SBI (Mauritius) Ltd.

1

Check List of documentation for new accounts

Global Business License Category I or Category II Company 1. Certified copies of Constitution/Memorandum and Articles of Association. 2. Certified copy of Certificate of Incorporation. 3. Certified copy of Board Resolution on Bank’s format authorizing opening of the account, authority to operate, etc. 4. Certified copy of GBL 1/II Certificate (Front & Back copy). 5. Authentication of Authorized Signatories by the Offshore Management Company/ Group Offices/Reputed Banks. 6. Less than 6 months old bank Reference to be addressed to us in ORIGINAL from a Reputable Bank on all owners/beneficial owners, authorized signatories and directors. 7. Less than 6 months old proof of Residential Address of all owners/beneficial owners, authorised signatories and directors e.g (a) Original Utility Bill (b) Original Bank or Credit Card Statement (c) Original Bank Reference 8. Copies of current certified Passport/Identity Card with clearly visible photographic image of all owners, beneficial owners, authorized signatories and directors. To be certified ‘True Copy’ by an employee of the Bank or a Reputed Bank or Offshore Management Company as per list of authorized signatories filed with the Bank. 9. Account Opening forms duly filled in and signed by authorized signatories. (Company Seal will be affixed if the constitution and/or the resolution of the Board states the same as requirement) 10. Duly signed Business Plan of the Company including nature and estimated annual volume of transactions and likely amounts of individual transactions passing through the Account. The nature of commercial/business links, and the origin of the funds flowing through the account to be given. If a copy is submitted it may be certified by the OMC.(Format enclosed) 11. Duly signed Personal Information form of all owners, beneficial owners, authorized signatories and directors.(Format enclosed) 12. Eligible Introducer’s Certificate (Format enclosed) 13. If Beneficial Owner is a Company,their recent audited statement, certified copy of certificate of Incorporation and Constitution may please be forwarded. 14. For a company incorporated for a period in excess of 1 year a certificate of Good Standing issued by the Registrar of Companies Note: Certified copies received from an OMC, should be signed as per a list of authorized signatories filed with the Bank. A change by way of a fresh inclusion in any of the owners, beneficial owners, authorized signatories or directors will necessitate

SBI (Mauritius) Ltd.

2

Check List of documentation for new accounts relevant information on the concerned individual being submitted in terms of 5,6,7 & 8 above.

SBI (Mauritius) Ltd.

3

Check List of documentation for new accounts

Offshore Mauritian Fund Requirement as per Global Business Company (as above) in addition to the following:1. Certified copy of Prospectus or Placement Memorandum. 2. The client adoption will apply to the Promoters of the fund in lieu of the owner, as well as to primary contributors who hold more than 20% of the value of the Funds. 3. Cash Custody agreement as applicable. Note: All Documents sent should be certified true copies by Offshore Management companies signed as per list of authorised signatories file with the Bank.

SBI (Mauritius) Ltd.

4

Check List of documentation for new accounts

Foreign Company 1. Certified copies of Memorandum and Articles of Association. 2. Certified copy of Certificate of Incorporation. 3. Certified copy of Board Resolution on Bank’s format authorizing opening of the account, authority to operate, etc. Authentication of Authorized Signatories by Group Offices/Reputed Banks. 4. Authentication of Authorized Signatories by the Offshore Management Company/ Group Offices/Reputed Banks. 5. Less than 6 months old bank Reference to be addressed to us in ORIGINAL from a Reputable Bank on all owners/beneficial owners, authorized signatories and directors. 6. Less than 6 months old proof of Residential Address of all owners/beneficial owners, authorised signatories and directors e.g (a) Original Utility Bill (b) Original Bank or Credit Card Statement (c) Original Bank Reference 7. Copies of current certified Passport/Identity Card with clearly visible photographic image of all owners, beneficial owners, authorized signatories and directors. To be certified ‘True Copy’ by an employee of the Bank or a Reputed Bank or Offshore Management Company as per list of authorized signatories filed with the Bank. 8. Account Opening forms duly filled in and signed by authorized signatories. (Company Seal will be affixed if the constitution and/or the resolution of the Board states the same as requirement) 9. Duly signed Business Plan of the Company including nature and estimated annual volume of transactions and likely amounts of individual transactions passing through the Account. The nature of commercial/business links, and the origin of the funds flowing through the account to be given. If a copy is submitted it may be certified by the OMC.(Format enclosed) 10. In the case of beneficial owners, undertaking to inform the Bank in advance in the event of a change in beneficial ownership signed by an Authorized Signatory. NOTE: A change by way of a fresh inclusion in any of the owners, beneficial owners, authorized signatories or directors, will necessitate relevant information on the concerned individual being submitted in terms of 4, 5, 6 & 7 above. 11. For a Company incorporated for a period in excess of 1 year a certificate of Good Standing’ issued by the Registrar of Companies in the home jurisdiction.

SBI (Mauritius) Ltd.

5

Check List of documentation for new accounts Cont 12. Duly signed Personal Information form of all owners, beneficial owners, authorized signatories and directors.(Format enclosed) 13. Eligible Introducer’s Certificate (Format enclosed). 14. If Beneficial Owner is a Company, their recent audited statement, certified copy of certificate of Incorporation and Constitution may please be forwarded. 15. Local Certificate of Registration as a Foreign Company in the case of registered Mauritian branches of Foreign Companies. 16. Certification of documents must be by a Group office of the Bank or a reputed Bank/Notary with a Hague Apostille or Company Administrators known and acceptable to the Bank. 17.Authorized signatories to be verified by a Group Office or a Reputable Bank.

SBI (Mauritius) Ltd.

6

Check List of documentation for new accounts

Trust Accounts 1. Certified copy of the Constitution of the Corporate Trustee. 2. Certified copy of the Certificate of Incorporation of the Corporate Trustee. 3. Certified copy of Board Resolution on Bank’s format authorizing opening of the account, authority to operate, etc 4. Authentication of the authorized signatories by the Corporate Trustee/Reputed Banks. 5. Less than 6 months old Bank Reference addressed to us in ORIGINAL from a Reputable Bank on the Settlor, Protector (where applicable),beneficiaries and authorized signatories. 6. Less than 6 months old proof of Residential Address on the Settlor, Protector, beneficiaries and authorized signatories. e.g (a) Original Utility Bill (b) Original Bank or Credit Card Statement (c) Original Bank Reference 7.

Copies of current Passport/Identity Card with clearly visible photographic image of the Settlor, Protector, beneficiaries and all authorized signatories. To be certified ‘True Copy’ by an employee of the Bank or a Reputable Bank or Offshore Management Company as per list of authorized signatories filed with the Bank. Note: In the case of Beneficiaries of a deceased Settlor/Beneficiaries who can receive Trust assets independent of the discretion of the Trustee/Beneficiaries who are to receive Trust assets imminently information under 5,6 & 7 above is to he furnished on each individual Beneficiary.

8. Account Opening forms duly filled in and signed by authorized signatories. (Company Seal will be affixed if the constitution and/or the resolution of the Board states the same as requirement) 9. Business Plan (Format enclosed). 10. Certified written confirmation from the trustees that they are aware of the true identity of underlying principals, i.e settlors/named beneficiaries and that there are no anonymous principals.

Cont

SBI (Mauritius) Ltd.

7

Check List of documentation for new accounts

11. Duly signed Personal Information form of protector, settlor, beneficiaries and authorized signatories. (Format enclosed) 12. Eligible Introducer’s Certificate (Format enclosed). 13. Certification of documents must be by a reputed Bank/Notary with a Hague Apostille or known and acceptable Corporate trustees including Mauritius based trustees as per a list of signatories filed with individual banks. 14. Recent audited Statement of Trust Company In case of migration of the outgoing trusts to Mauritius, in addition to the above documents, the following is required; 1. A valid discharge of the outgoing Trustees; Certified true copy of the Deed of Retirement and Appointment of Trustees, duly executed by all parties concerned. 2. The proper law of the Trust after migration. 3. Reason for changing the former Trustees. 4. An undertaking by the new trustees that to the best of their knowledge, no litigation, fraud cases, bankruptcy orders are pending against the settlor. 5. An undertaking by the new trustees that to the best of their knowledge; no litigation is pending against the former trustees.

SBI (Mauritius) Ltd.

8

Check List of documentation for new accounts

KYC Documents for Management Company 1. Certified copies of Memorandum and Articles of Association. 2. Certified copy of Certificate of Incorporation. 3. Certified copy of Board Resolution Of authorized signatories 4. Certified copy of GBL Certificate (Front & Back copy). 5. Less than 6 months old bank Reference to be addressed to us from a Reputable Bank on all authorized signatories, owners/beneficial owners and directors. 6. Less than 6 months old proof of Residential Address of all owners/beneficial owners, authorised signatories and directors. . e.g (a) Original Utility Bill (b) Original Bank or Credit Card Statement (c) Original Bank Reference 7.

Copies of current certified Passport/Identity Card with clearly visible photographic image of all authorized signatories. To be certified ‘True Copy’ by an employee of the Bank or a Reputable Bank or Offshore Management Company as per list of authorized signatories filed with the Bank.

8. Name of authorized signatories, directors and beneficial owners 9.

Specimen signatures of all authorized signatories.

SBI (Mauritius) Ltd.

9

Check List of documentation for new accounts

INVESTMENT/EPZ COMPANY 1. Certified copies of Constitution/Memorandum and Articles of Association. 2. Certified copy of Certificate of Incorporation. 3. Certified copy of Board Resolution on Bank’s format authorizing opening of the account, authority to operate, etc. 4. Certified copy of GBL Investment/EPZ Certificate. 5. Less than 6 months old bank Reference to be addressed to us in ORIGINAL from a Reputable Bank on all owners/beneficial owners, authorized signatories and directors. 6. Less than 6 months old proof of Residential Address of all owners/beneficial owners, authorised signatories and directors e.g (a) Original Utility Bill (b) Original Bank or Credit Card Statement (c) Original Bank Reference 7. Copies of current certified Passport/Identity Card with clearly visible photographic image of all owners, beneficial owners, authorized signatories and directors. To be certified ‘True Copy’ by an employee of the Bank or a Reputed Bank or Offshore Management Company as per list of authorized signatories filed with the Bank. 8. Account Opening forms duly filled in and signed by authorized signatories. (Company Seal will be affixed if the constitution and/or the resolution of the Board states the same as requirement) 9. Duly signed Business Plan of the Company including nature and estimated annual volume of transactions and likely amounts of individual transactions passing through the Account. The nature of commercial/business links, and the origin of the funds flowing through the account to be given. If a copy is submitted it may be certified by the OMC.(Format enclosed) 10. Duly signed Personal Information form of all owners, beneficial owners, authorized signatories and directors.(Format enclosed) 11. Eligible Introducer’s Certificate (Format enclosed) 12. If Beneficial Owner is a Company,their recent audited statement, certified copy of certificate of Incorporation and Constitution may please be forwarded. 13. In the case of beneficial owners, undertaking to inform the Bank in advance in the event of a change in beneficial ownership signed by an Authorized Signatory. NOTE: A change by way of a fresh inclusion in any of the owners, beneficial owners, authorized signatories or directors, will necessitate relevant information on the concerned individual being submitted in terms of 4, 5, 6 & 7 above.

SBI (Mauritius) Ltd.

10