CKYC registration with CERSAI of a non NBFC pvt ltd company

To register your private limited company as an entity with the Central KYC Registry (CKYCR) managed by CERSAI, you must follow the regulatory framework applicable to "Reporting Entities." As a Full Fledged Money Changer (FFMC) authorized by the RBI, your company qualifies as a Reporting Entity under the Prevention of Money Laundering (PMLA) rules.

Registration Process with CERSAI for Reporting Entities

Unlike individuals who get registered by their financial service providers, as a business entity, you are required to register your own institution with CERSAI to report your clients' KYC data.

1. Determine Your Role: You are registering as a Reporting Entity. You are not just a user searching for records, but an entity that will upload and maintain KYC data for your customers.

2. Visit the CERSAI Portal: Go to the official CERSAI website and navigate to the CKYCR (Central KYC Registry) section.

3. Application for Registration:

   • Financial institutions and Reporting Entities are typically required to follow a specific onboarding process.

   • You will likely need to register as a "Reporting Entity" by providing your organization's details, including your RBI-issued License/Certificate of Authorization (CoA) as an FFMC.

4. Documentation Required:

   • Proof of Identity of the Entity: PAN card of the company.

   • Authorization: Board Resolution authorizing the registration with CERSAI and appointing a nodal officer/authorized signatory.

   • Regulatory Proof: A copy of your FFMC license issued by the RBI.

   • Contact/KYC Details: Address proof and contact details of the company and the designated compliance/principal officer.

5. Submit and Validate: Once your application is submitted, CERSAI will verify your credentials as an RBI-regulated entity. Upon approval, you will receive credentials to access the CKYCR portal, where you can upload, update, and download KYC records for your customers.

Important Considerations for FFMCs

• Compliance Responsibility: As an FFMC, you are mandated to maintain Anti-Money Laundering (AML) and KYC policies as per RBI's Master Direction on Money Changing Activities. Registering with CERSAI is a core part of this compliance to ensure your customer data is centralized and accessible for regulatory oversight.

• Designated Officer: You should appoint a "Principal Officer" within your company who will be responsible for CKYC uploads and ensuring compliance with the PMLA guidelines.

• Portal Access: Use the official CERSAI portal for all official registrations. Be cautious of third-party websites offering "registration services" as you should ideally handle this directly through your company's official compliance channels.

Summary: To register your FFMC as a Reporting Entity, visit the CERSAI CKYCR portal, apply as a "Reporting Entity" using your RBI FFMC license and company PAN, and provide a board resolution to receive portal access for uploading customer KYC data.