Bank of Maharashtra To be filled only in case of Financial Institution. (Annexure-1) from Download

The Bank of Maharashtra Annexure-1 Form is a specialized statutory declaration required strictly for corporate entities operating as Financial Institutions (FIs) (d9cce147-7… p. 1). It ensures structural compliance under global tax reporting laws (FATCA/CRS) as integrated into the Income Tax Rules, 1962 and RBI circulars (d9cce147-7… p. 1).

The applicant must declare their exact institutional function to establish their regulatory footprint:

• Core FI Categories: Selection between a Depository Institution, Custodial Institution, Investment Entity (which is not a passive NFE), or a Specified Insurance Company (d9cce147-7… p. 1).
• US Ownership Linkage: Explicit checkbox for an “Owner-Documented FI with substantial US owner(s)”, which mandates additional individual disclosure profiles under Annexure-II (d9cce147-7… p. 1).
• Reporting Designation: Section to declare if the enterprise is a Reporting Financial Institution or a Non-Participating Financial Institution (d9cce147-7… p. 1).

Tracking codes are required for entities cross-linked with global taxation registries:

• GIIN Registration: If marked as an active investment entity or a reporting financial institution, the applicant must provide their assigned unique GIIN in the alpha-numeric block grid (d9cce147-7… p. 1).
• Sponsored Arrangements: Provision for a “Sponsored Investment Entity” to explicitly log the GIIN of their overseeing sponsoring corporation (d9cce147-7… p. 1).

If the institution is legally exempt from regular overseas account reporting, it must match its structural category against a detailed list of 24 distinct NRFI profiles, which include:

• Sovereign & Central Bodies: Governmental Entities, International Organisations, or Central Banks (d9cce147-7… p. 1).
• Retirement & Benefit Funds: Treaty Qualified, Narrow Participation, or Broad Participation Retirement Funds (d9cce147-7… p. 1).
• Statutory Indian Funds: Employees’ State Insurance Funds, Gratuity Funds, or Provident Funds (d9cce147-7… p. 1).
• Localised Entities: Local Banks (such as Regional Rural Banks or Urban Cooperative Banks meeting standard regulatory asset tests) and Financial Institutions working exclusively with a local client base (d9cce147-7… p. 1).

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