By its Circular dated April 24, 2020, with a view to improve the ease of doing business in the securities market, SEBI has provided that KYC can be completed through online/ app based Know Your Client (‘KYC’), in-person verification through video, online submission of Officially Valid Document (‘OVD’) or other documents using ‘eSign’. The Circular provides detailed procedure for the same, including relating to uploading of documents, verification through one-time passwords (OTPs), and Aadhar card/ permanent account number (PAN)/ bank account verification. Any OVDs (other than Aadhar) are to be submitted using ‘e-Sign’ or ‘Digilocker’ mechanisms. SEBI registered intermediaries have also been permitted to implement their own applications for undertaking online KYC, which will facilitate taking photograph, scanning, acceptance of OVD through Digilocker, video capturing in live environment, etc. Intermediaries are also permitted to undertake Video in Person Verification of individual investors through their application, subject to certain conditions such as the Video in Person Verification being conducted by a specially trained authorized official with customer consent and other technical/ safety features.