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IN PERSON VERIFICATION (IPV)

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1. SEBI has made it mandatory for all the intermediaries including Depository Participant (DP) to carry out IPV of their clients. 

2. The intermediary shall ensure that the details like the name of the person doing IPV, his designation, organisation with his signatures and date are recorded on the KYC form at the time of IPV. 

3. The IPV carried out by one SEBI registered intermediary can be relied upon by another intermediary.

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