What is Org Residency verify? #
Any legal body registering for a Trust account on the Open Bank portal to access the Open Constitution AI network and provide Trust Entitlements shall complete a verification process to activate Open-BankID.
This requires that the Organisation appoints a nominee or a human representative, who will administer the organisation account type.
Capabilities include
- connecting a bank account for withdrawals of social credits, wallet transactions.
- Ability to register Trust keys for your affiliated beneficiary pool.
Activity 1: Beneficial Owner/Nominee Verification:
At the time of activating Open-BankID.
At least one natural person affiliated with the E tenancy account must verify their identity to register org residency account. When you are onboarding an organisation, Open-Bank’s verification process guides you through self-verification of the nominee.
Capabilities include
Adding Entitlements to Organisation’s E tenancy, so that social credits can be availed by the organisation’s affiliated beneficiary.
At the time of Affiliate Console Activation:
Activity 2: Legal entity verification:
- Entity PAN card
- Registration certificate
- Registration Certificate of Establishment
- Certificate or registration document issued by the sales tax, service tax, or professional tax authorities
- License or certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute
- CST/VAT certificate
- GST certificate
- Sales tax return
- Income tax return
- Utility bill
