Conduct comprehensive Know Your Business verification by identifying directors and ultimate beneficial owners through scheduled video sessions. Validate board resolutions, incorporation certificates, and shareholding structures with tamper-proof recorded evidence that satisfies the most rigorous regulatory audits.
Corporate KYC is exponentially more complex than individual verification. Companies have layered ownership structures, multiple directors spread across geographies, nominee shareholders masking true beneficiaries, and constantly changing board compositions. Manually tracing ownership chains through subsidiary layers and verifying each individual is a resource-intensive process that delays corporate account opening by weeks.
Automation in corporate due diligence processes, reducing manual effort from weeks to hours for complete KYB verification
Schedule individual video KYC sessions with each director listed on the company's board. BASEKYC verifies their identity against DIN records and personal ID documents, captures facial biometrics, and confirms their role and authorization level. Sessions can be scheduled across time zones, and completed verifications are linked to the parent corporate case for unified tracking.
Automatically trace the ownership chain from the applicant entity through intermediate holding companies to identify all ultimate beneficial owners with 25% or greater stake. BASEKYC's corporate structure mapping tool visualizes the ownership hierarchy, highlights individuals requiring verification, and tracks completion status for each UBO across the chain.
Upload and validate critical corporate documents including Memorandum of Association (MOA), Articles of Association (AOA), Board Resolutions, Certificate of Incorporation, and shareholding patterns. BASEKYC's AI extracts key clauses, verifies signatory names against director records, and flags inconsistencies between documents for human review.
Corporate KYB cases require multi-level approval. The checker module enforces maker-checker-approver workflows where each director verification and document review passes through sequential sign-offs.
ExploreTrack corporate KYB case progress across all directors and UBOs from a single dashboard. Monitor pending verifications, document review status, and overall case completion with exportable audit reports.
ExploreFor institutions with strict data residency requirements, access all corporate KYB verification recordings, documents, and audit trails through a secure on-premise viewer without data leaving your infrastructure.
ExploreKnow Your Business verification is governed by corporate law, anti-money laundering regulations, and international standards that mandate thorough due diligence on business entities and their beneficial owners.
Section 90 of the Companies Act 2013 requires every company to maintain a register of significant beneficial owners (SBOs) holding 10% or more shares or voting rights. The Companies (Significant Beneficial Owners) Rules, 2018 mandate that companies identify and verify SBOs through Form BEN-1 declarations. Directors must hold a valid DIN issued under Section 153, which BASEKYC validates against the MCA21 portal during video verification.
Under PML Rules 2005 (Rule 9, sub-rule 3), regulated entities must identify the beneficial owner of corporate clients by determining the natural person who ultimately owns or controls more than 25% of shares or capital, or exercises control through other means. Where no natural person is identified, the senior managing official must be verified. BASEKYC's UBO chain mapping automates this ownership tracing through corporate layers.
FATF Recommendation 24 requires countries to ensure that adequate, accurate, and timely information on the beneficial ownership of legal persons is available to competent authorities. The 2023 revision strengthened requirements for a multi-pronged approach to beneficial ownership transparency, including verification of information from company registries, obliged entity CDD, and beneficial ownership registers. BASEKYC supports this by cross-referencing declared UBOs against multiple authoritative data sources.
RBI's Master Direction on KYC (Chapter V) prescribes specific CDD procedures for non-individual customers including companies, partnerships, and trusts. Regulated entities must verify the legal status of the entity through registration documents, understand the ownership and control structure, verify the identity of directors and authorized signatories, and identify persons holding management control. BASEKYC conducts video verification of each required individual linked to the corporate case file.
Configure entity types (Pvt Ltd, LLP, Partnership, Public Ltd), define document checklists per entity type, and set up UBO identification thresholds. Integrate with MCA21 and other corporate registry APIs for automated data pull.
Build parent-subsidiary case linking, configure multi-director scheduling workflows, and set up the maker-checker-approver chain for corporate case approvals. Define escalation rules for complex ownership structures requiring manual UBO determination.
Connect BASEKYC with your core banking or onboarding platform. Run end-to-end tests with simulated corporate structures including multi-layered holding companies, foreign director scenarios, and nominee shareholder cases to validate the full KYB workflow.
Pilot with a batch of corporate account openings across different entity types. Monitor director verification completion rates, document validation accuracy, and case turnaround times. Refine workflows based on pilot data, then roll out to all corporate onboarding.
An overview of KYC methods in India, including how video-based verification applies to corporate director identification and entity-level due diligence requirements.
How full video KYC verification works for corporate directors and beneficial owners, including VCIP requirements for non-individual customer identification procedures.
A comprehensive checklist for VCIP compliance covering technical requirements, agent certification, recording standards, and audit trail documentation essential for corporate KYB video verification.
From director verification to UBO identification, BASEKYC handles the full complexity of corporate KYB with 90% automation. Open corporate accounts in hours, not weeks.