Bank of Maharashtra Personal details of controlling person-CP/Related person-RP/Beneficial owner ( Annexure-II) from Download

The Bank of Maharashtra Annexure-II Form is a mandatory, multi-page supplemental document designed to capture the identity, role, and tax residency status of individuals exercising ownership or executive control over corporate, trust, or partnership bank accounts (cd419e85-7… p. 1). A separate independent form must be submitted for each individual (cd419e85-7… p. 1).

This section establishes exactly how the individual is legally linked to the corporate or trust entity (cd419e85-7… p. 1).

• Controlling Person (CP): Used strictly for Passive Non-Financial Entities (NFEs) to map authority via ownership, senior management roles, or trust relationships (e.g., Settlor, Trustee, Protector, or Beneficiary) (cd419e85-7… p. 1).
• Related Person (RP): Identifies the individual’s formal corporate title, such as Director, Promoter, Partner, Karta (for HUFs), Trustee, or Authorised Signatory (cd419e85-7… p. 1).
• Beneficial Owner (BO): Declares individuals who hit specific ownership thresholds or control structures over the entity (cd419e85-7… p. 1).

Captures standard demographic profiling required to comply with Central KYC (CKYC) guidelines (cd419e85-7… pp. 1, 3).

• Core KYC Markers: Captures full name, parents’ names, spouse’s name, date of birth, gender, and marital status (cd419e85-7… p. 1).
• Director Tracking: If the related person type is a Director, providing a Director Identification Number (DIN) is strictly mandatory (cd419e85-7… p. 1).
• PEP Assessment: Requires a definitive declaration to state if the individual qualifies as a Politically Exposed Person (PEP)—such as senior foreign politicians, judicial officials, or state-owned corporation executives (cd419e85-7… p. 1).

This matrix screens the individual for foreign tax liabilities to satisfy international data-sharing treaties (cd419e85-7… pp. 1-2).

• Dual Residency Trigger: Asks if the individual’s tax residence is limited only to India; answering “No” triggers multi-jurisdiction tracking (cd419e85-7… p. 1).
• TIN Tracking Grid: Requires a full log of foreign tax jurisdictions along with their corresponding Tax Identification Numbers (TIN) or equivalent country codes (cd419e85-7… p. 2).
• Overseas Address Matrix: If tax resident abroad, the individual must provide their exact physical foreign residential or business address layout (cd419e85-7… p. 2).

Establishes verifiable physical locations if current addresses differ from standard identity cards (cd419e85-7… p. 2).

• Primary OVD Options: Accepts certified copies of Passport, Voter ID, Driving Licence, or NREGA Job Cards (cd419e85-7… p. 2).
• Deemed OVD Backups: If primary documents lack updated details, the bank permits temporary utility bills, municipal tax receipts, or official accommodation allotment letters (cd419e85-7… p. 2).

The concluding pages house the statutory declarations required to activate the corporate association (cd419e85-7… p. 3).

• Form 60 Section: If a valid PAN card is not available for the individual, they must supply an estimated breakdown of agricultural and non-agricultural annual income (cd419e85-7… p. 3).
• 30-Day Update Clause: Features a strict undertaking forcing the applicant to notify the bank within 30 days of any structural profile or tax status changes (cd419e85-7… p. 3).
• Account Freeze Warning: Outlines the bank’s explicit right to restrict, freeze, or close operations if the individual fails to clear document deficiencies or discloses false details (cd419e85-7… p. 3).

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