Rudra Shares and Stock Brokers LTD.

What is KRA?

KRA or KYC Registration Agency is an agency registered with SEBI under the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency}Regulations, 2011. The KRA maintains KYC records of an investor centrally, on behalf of capital market intermediaries registered with SEBI.

Why is KRA required?

KRA enables an investor to invest through various intermediaries, after undergoing the KYC process only once through an intermediary. This helps in avoiding duplication of KYC process and inconvenience to investors and eliminates the need to submit KYC documents each time he opens an account with another intermediary. Further, any subsequent changes in demographic details of an investor across various intermediaries can be updated by simply updating the record maintained with the KRA. KRA process results in uniformity of data of investors maintained across intermediaries, which would enhance compliance standards.

What are functions and obligations of KRA?

KRA accepts the KYC form and documents pertaining to proof of identity and proof of address received from the Intermediaries. It scans, digitalizes the documents and thereafter issues acknowledgements/ conveys rejections to the investor. KRA also records any updates on KYC details of investors, which are submitted through an intermediary.

How does the KRA benefit the investors and the intermediaries?

KRA not only prevents duplication and inconvenience to investors, it also enables a single point change management. Further, intermediaries need not collect KYC documents from KYC compliant clients, thus eliminating the need to collect and store the same. Inspection would be on the basis of scanned images, which would simplify compliance with KYC requirements.

What is the role of intermediaries in KRA?

An intermediary collects the KYC form and documents only for its clients and verifies with the originals, enters the details of the same in the KRA system and thereafter forwards the authenticated copies of documents to the KRA. Further, in case of any changes in the demographic details submitted to the intermediary by an investor, the intermediary will update the same in the KRA system and thereafter forward the documents to the KRA. The intermediary can also download the KYC details of clients who have signed up with him.

Would an intermediary be required to do In-person verification again, for a KYC compliant client?

As per SEBI circular MIRSD / Cir - 26/2011, dated December 23, 2011, in-person verification carried out by one SEBI registered intermediary can be relied upon by another intermediary.

How does an intermediary initiate the registration procedure with CVL-KRA?

Intermediary can register with CVL as per the following procedure:- Enter the login ID, the POS code and the password (as conveyed through email by CVL-KRA) on The user will be redirected to a page for changing the password during his/her first login. Upon successful change of password, the user will have to login to the system with the new password. Access and update the “UPDATE COMPANY INFO” menu. Fill the Registration Form with the correct details. Accept and print the 'Terms and Conditions' on A4 size paper. Click the “submit” button to transmit of registration details electronically to CVL-KRA Intermediary registered by way of the above mentioned process would be allowed access to the KRA system for a period of 21 days (or for any such period as may be decided by CVL-KRA) from the date of activation. The physical documents are to be sent to the following address: CDSL Ventures Limited, 16th Floor, P.J. Towers, Dalal Street, Mumbai – 400 001.

How does an intermediary secure permanent registration with CVL-KRA?

After the completion of the initial registration process, an intermediary must to submit the duly filled in Registration Form for registration of intermediaries along with the terms and conditions documents (available for download on the CVL-KRA website under the Regn. Docs link) and the following supporting documents (certified by the Designated / Whole Time Director(s) / Company Secretary along with seal / stamp of the Intermediary) to CDSL Ventures Limited (CVL) to secure a permanent registration: Copy of SEBI Registration Certificate Copy of PAN Card Name(s) of Designated / Whole Time Director(s) / Company Secretary along with their designation, Director Identification Number (DIN) / PAN and signature(s) on the letterhead of the Intermediary. Copy of the latest Balance Sheet The Registration Form and the supporting documents should be submitted (in person or by post / courier) to CVL. In case, a complete Registration Form along with the supporting documents is not received within the stipulated time period, then the Registration of the Intermediary will be disabled.

What would be the fees for KYC verification and download?

Presently, there would be a onetime charge for upload by the originating intermediary and download by subsequent intermediary. The charges will be reviewed periodically.

How will the data maintained by the KRA be disseminated to the Intermediaries?

KRA would be providing a web based interface to the intermediaries through which they would be able to verify, download or upload information from/ to the KRA.

Would there be any change in the KYC procedure for Corporates, FIIs and other Non-individual entities?

The procedure for KYC, as specified under SEBI Circular no. MIRSD/SE/CIR-21/2011, dated 5/10/11 would continue for Non-individual entities as well.

Can the demat account be opened by the Intermediary if the KYC is under process? Or will the Intermediary have to wait for confirmation from the KRA?

If the KYC is under process, the Intermediary can go ahead and open the account. However in case of any discrepancy or rejection, the onus is on the Intermediary to rectify the same.

What information will be made available to the intermediary? Will the signature also be made available by the KRA?

All the KYC details, including signatures, which form part of the KYC form will be made available to the intermediary.

If the documents are valid at the time of acceptance at Intermediary and expires before it reaches the KRA what will be the status of the clients KYC?

Any document which is valid at the time of submission to the Intermediary will be considered for KYC. The validity of the documents for the purpose of KYC would be as on date of acceptance by the Intermediary.

Will the KRA system permit upload of duplicate records i.e. of an existing KYC compliant investor?

In case an intermediary uploads another KYC of an existing KYC compliant investor, the same will be rejected by the KRA system and the intermediary will have to download the KYC details of the client from the KRA.

Does an intermediary to register with one/multiple KRAs?

An intermediary can register with one KRA or multiple KRAs However, an intermediary registered with one KRA will be able to determine whether a client is registered with any other KRA as there will be inter-operability between multiple KRAs.

Does an intermediary already registered with an exchange or a depository, whose subsidiary is a KRA, need to register with the subsidiary's KRA only?

No. An intermediary can register with any KRA of its choice for recording the KYC details of its clients. Registration is not limited to the KRA, which is a subsidiary of an exchange or a depository with whom the intermediary is already registered.

If an account has been opened on/before December 31, 2011, is an investor required to do KYC as per SEBI regulations?

No. For an existing account opened on/before December 31, 2011, a separate KYC registration is not mandatory as per SEBI regulations. However, the same KYC can't be used by another intermediary if the investor chooses to do business through a different intermediary.
ATTENTION INVESTORS : Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors.    ||     Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.   ||    KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Attention Investors

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on
your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191
dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

(Issued in the interest of Investors.)

Important Message

This is to inform that, many instances were reported by general public where fraudsters are cheating general public by misusing our brand name RUDRA SHARES.
The fraudsters are luring the general public to transfer them money by falsely committing attractive brokerage / investment schemes of share market and/or Mutual Funds
and/or personal loan facilities. Though as for as possible, we initiate legal actions against the fraudsters, we request you to not fall prey to such fraudsters. You can check
about our products and services by visiting our website You can also write to us at, to know more about products and services.

SEBI REGN. (DP)IN-DP-558-2021
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