Introduction of KYM Proforma for ICSI members w.e.f. FY 201-17

Introduction of “Know Your Member” (KYM) Proforma for ICSI members w.e.f. FY 2016-17

Members of the Institute are presumably aware about the Regulation 3 of The Company Secretaries Regulations, 1982, wherein every member is required to communicate to the Institute any change of professional address, within one month of such change. Presently the members can change their professional / residential address and contact details online. However, it has been observed that many members are not very proactive in updating their details with the Institute.

Accordingly, the Council has in principle decided to introduce a “Know Your Member” (KYM) proforma (attached as Annexure-1) to be submitted by all the members of the Institute w.e.f. payment of annual membership fee for the year 2016-17. The KYM proforma has to be submitted by the members once in three years starting with payment of annual membership fee for the year 2016-17 and thereafter every time there is a change in job/profession/professional address. The fee shall be accepted only on receipt of the proforma duly filled in and signed. The proforma can be submitted through offline mode initially and then also through online mode subsequently.

The “Know Your Member” (KYM) proforma submitted by the members of the Institute, shall be used to verify their identity/details, on similar lines with that of KYC used by banks. Such KYM facility is expected to prevent identity theft of members by fraudulent elements and shall help the Institute to maintain updated information about the members and to understand the members better. The members should submit the KYM proforma for their own safety and security.

The members would be required to submit two documents along with the KYM proforma duly filled and signed – one document which serves as Proof of Identity (PoI)) and another document which serves as Proof of Address (PoA).

PFA the attachment for more details