(Know Your Customer & Anti-Money Laundering Policy)
Effective Date: [16/02/2026]
Company Name: [Kal Mass Media LLP ]
Registered Office: [Partap Nagar, Patialal-147001]
Website: [fractional.kalmassmedia.com]
1. Purpose of This Policy
This KYC & AML Policy outlines the procedures adopted by [Your LLP Name] (“LLP”) to:
- Verify the identity of investors
- Prevent money laundering
- Prevent fraud and illegal activities
- Comply with applicable Indian laws and regulatory requirements
- Ensure transparency in fractional property transactions
The LLP is committed to conducting business ethically and responsibly.
2. Legal Framework
This policy is designed in accordance with applicable Indian laws, including but not limited to:
- The Prevention of Money Laundering Act, 2002 (PMLA)
- Income Tax Act, 1961
- Applicable state property laws
- FEMA regulations (for NRI transactions)
- Any other relevant regulatory provisions
3. Applicability
This policy applies to:
- All investors purchasing fractional units
- Co-owners
- Sellers and property partners
- Authorized representatives
- Any individual involved in financial transactions with the LLP
Completion of KYC is mandatory before allocation of any fractional unit.
4. KYC Requirements
The LLP may require submission of the following documents:
A. For Individuals (Resident Indian)
- PAN Card
- Aadhaar Card / Passport / Voter ID / Driving License
- Recent passport-size photograph
- Address proof
- Bank account details
- Signature specimen
B. For NRIs
- Passport
- Overseas address proof
- Indian address proof (if available)
- FEMA compliance declaration
- Bank account details (NRE/NRO)
C. For Entities (if applicable)
- Certificate of Incorporation
- PAN of entity
- GST registration (if applicable)
- Board resolution authorizing investment
- Authorized signatory KYC documents
The LLP reserves the right to request additional documents if required.
5. Source of Funds Declaration
Investors may be required to declare:
- Source of investment funds
- Confirmation that funds are legally obtained
- Confirmation that funds are not derived from criminal activity
Cash payments may be restricted in accordance with income tax laws.
6. AML Monitoring Measures
The LLP may:
- Monitor unusual or high-value transactions
- Flag suspicious activity
- Delay or refuse suspicious transactions
- Report suspicious transactions to appropriate authorities where required by law
7. Politically Exposed Persons (PEPs)
Additional due diligence may be conducted for:
- Politically Exposed Persons
- Close relatives of PEPs
- High-risk profiles
The LLP reserves the right to decline high-risk applicants.
8. Risk-Based Approach
The LLP adopts a risk-based approach to AML compliance.
Factors considered may include:
- Transaction value
- Geographic risk
- Source of funds
- Nature of investor
- Complexity of ownership structure
Enhanced due diligence may be applied in higher-risk cases.
9. Record Keeping
The LLP may retain KYC records and transaction data:
- As required by law
- For tax and regulatory purposes
- For dispute resolution
Records may be securely stored in digital or physical format.
10. Refusal or Termination of Services
The LLP reserves the right to:
- Refuse allocation of fractional units
- Suspend transactions
- Terminate agreements
If:
- False information is provided
- Documents are forged or misleading
- Suspicious financial activity is detected
- Legal compliance requirements are not met
11. Data Protection
All KYC information is handled in accordance with the Privacy Policy.
Reasonable measures are implemented to:
- Protect sensitive personal data
- Restrict internal access
- Prevent unauthorized disclosure
12. Investor Declaration
By proceeding with investment, the investor confirms that:
- All information provided is true and accurate
- Funds used are from legitimate sources
- They are not involved in unlawful activities
- They agree to comply with this KYC & AML Policy
13. Policy Updates
The LLP reserves the right to update this KYC & AML Policy as required by:
- Changes in law
- Regulatory requirements
- Business operations
Updated versions will be published on the website.
Important Legal Notice
Failure to comply with KYC and AML requirements may result in:
- Transaction delays
- Cancellation of allocation
- Reporting to regulatory authorities
- Legal consequences under applicable laws
The LLP acts in good faith to ensure compliance with applicable regulations.