Is KYC non-compliance illegal ?

POSTED BY Jagoinvestor ON October 28, 2010 7:27 pm COMMENTS (2)

Does anyone know how important is KYC compliance ?

If some one has invested some money , but he is KYC non-compliant , how troublesome is it ?

Is it illegal ?


2 replies on this article “Is KYC non-compliance illegal ?”

  1. rakesh says:


    I don’t think it is troublesome. I have invested in some funds which are not KYC. Also i invest only via sharekhan, in that too i was not KYC complaint. However after 1st Oct, I was not able to buy any new funds due to this but i can sell off my existing funds. I had to get the KYC form filled and send it to them and they activated my account.


    1. Thanks for the answer 🙂

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