DECLARATION FOR BENEFICIAL OWNERSHIP, SENIOR MANAGEMENT OFFICIAL AND RELATED ENTITIES IN

NON INDIVIDUAL BORROWER AND PRINCIPAL PLACE OF BUSINESS

(To be printed on letter head of entity and filled in block letters)
Date:

Constitution/ Trust Company Partnership Other Constitution

Section
Section I Mandatory Only if BO identified Only if BO identified Only if BO identified
with>=10% Controlling with>=10% Controlling with>=15% Controlling
ownership ownership. Also, BO would ownership
include any person who
exercise control through
other means such as right
to control the management
or policy decision
Section II NA Mandatory If BO not identified in Section I NA
Section III Mandatory to be filled in case NA Mandatory to declare all NA
ownership holding is <10% Controlling partners in firm
ownership & where Beneficiary is not
Trustee, Settlor, Author, Protectors
Section IV NA To be filled if in NA NA
Exemption category
Section V Mandatory Mandatory Mandatory Mandatory
Section VI Mandatory incase borrower has a subsidiary /associate or holding company

Entity Name:
______________________________________________________________________________________________________________________

SECTION – I I/We hereby declare that following natural person(s) (listed in table below) are Beneficial Owners (BOs)** in the
aforementioned entity. In case of Trusts, mandatory all Trustees, Author, Settlor, Protector to be captured as
Beneficial Owners and if any natural person / beneficiary > = 10% Controlling ownership.
Designation of Percentage holding as per DIN Mobile PAN or
Sr Name of Beneficial Date Beneficial BO Definition (In case of no. OVD other
No Owner(s) of Owner (i.e. Company, Partnership & than Aadhar
(to be filled as per Birth Beneficiary/ Trust > = 10%
PAN/OVD) Trustee/ Controlling ownership;
Settlers/Protector In case of Other
s/Director/ Constitutions > = 15%
Partners /Co Controlling ownership)
parceners etc.)
1
2
3

4
5
6

7
8

9
 10

Does the above listed natural beneficial owners held through multiple layers of shareholding of intermediate shareholder/owner entities.
Yes, (Attach the comprehensive Beneficial ownership structure/tree) No

SECTION - II I/We hereby declare that there are no natural person(s) beneficial owners in terms of the definition of Beneficial
Owner ** in the entity, therefore details of senior managing officials/key managerial persons are mentioned in below
table.

*Mandatorily to be filled for all Companies. This Section is not applicable to Trusts

Name of Senior Managing Official (to Designation of Senior Managing Mobile no. PAN/OVD Other
Sr
Date of Birth Official (i.e. MD, CEO, Promoters etc.) than Aadhar
No be filled as per PAN/OVD)

2
3

SECTION – III

*Mandatorily to be filled in case of Partnership firm/ Trust (Were beneficiaries holding < 10% Controlling ownership Interest)

Name of Partners / Name of Beneficiary <10% Designation Mobile no PAN or OVD Date of Birth
Sr
Controlling ownership in trust (If Any) (to be (Trustee/Settlor/Protect Other than Aadhar
No
filled as per PAN/OVD) or/partner)
1

2
3
4
5
6

SECTION – IV I / We hereby declare that the company is an entity registered in one of the below jurisdictions □ India
□ USA □ Japan □ South Korea □ United Kingdom excluding British Overseas Territories □ France
□ Germany □ Canada and
(a) is listed on _______________________________________________________________ (Name of Stock Exchange)
or
(b) is a majorly owned subsidiary of ____________________________________________ (Name of Listed Company)

SECTION – V

I/we hereby declare that the principal place of business is □ Registered Address □ Communication Address □ If Others
(Please specify)

________________________________________________________________________________________________________________________

________________________________________________________________________________________________________________________

City _____________________________________State __________________________Country____________________Pin

code_____________
 SECTION – VI

*Mandatorily to be filled in case any related party like Subsidiary / Associate or Holding company

Sr no. Name (to be filled as per PAN/OVD) Type (Subsidiary / Associate PAN Mobile No.
or Holding company)
1
2
3
4

The Entity undertakes that the facts stated hereinabove are true and correct.

The Entity undertakes and agrees that it will notify Yes Bank without delay of any changes to the natural beneficial owners as
declared in the table, in terms of the below mentioned definition of BO.

Name of Director / Partner / Trustee / Member / Authorized Signatory

(Signature & Seal of the any of the Directors/Partners/Trustee/Member / Authorized Signatory)

** As per RBI KYC Master Direction, Beneficial Owner (BO) is defined as:

a. Where the customer is a company, the beneficial owner is the natural person(s), who, whether acting alone or together, or through
one or more juridical persons, has/have a controlling ownership interest or who exercise control through other means.
Explanation- For the purpose of this sub-clause-
“Controlling ownership interest” means ownership of/entitlement to more than 10 % of the shares or capital or profits of the
company.
“Control” shall include the right to appoint a majority of the directors or to control the management or policy decisions including
by virtue of their shareholding or management rights or shareholders agreements or voting agreements.

b. Where the customer is a partnership firm, the beneficial owner is the natural person(s), who, whether acting alone or together, or
through one or more juridical person, has/have ownership of/entitlement to more than 10 % of capital or profits of the
partnership.

c. Where the customer is an unincorporated association or body of individuals, the beneficial owner is the natural person(s), who,
whether acting alone or together, or through one or more juridical person, has/have ownership of/entitlement to more than 15
% of the property or capital or profits of the unincorporated association or body of individuals.
Explanation: Term ‘body of individuals’ includes societies.
Where no natural person is identified under (a), (b) or (c) above, the beneficial owner is the relevant natural person who holds the
position of senior managing official.

d. Where the customer is a trust, the identification of beneficial owner(s) shall include identification of the author of the trust, the
trustee, the beneficiaries with 10% or more interest in the trust and any other natural person exercising ultimate effective control
over the trust through a chain of control or ownership.
*Exemption from identification of BO:
The following are excluded from BO identification:
(i) Where the customer or the owner of the controlling interest is an entity listed on a stock exchange in India, or
(ii) is an entity resident in jurisdictions notified by the Central Government (which include USA, Japan, South Korea, United
Kingdom excluding British Overseas Territories, France, Germany, Canada, International Financial Services Centre in India)
and listed on stock exchanges in such jurisdictions, or
(iii) is a subsidiary of such listed entities

*Senior Managing Official constitutes. Officers/personnel of the company who are members of its core management team excluding
board of directors. All members of management one level below the “chief executive officer/managing director/whole time
director/manager (including chief executive officer/manager in case they are not part of the board) should be included.

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