Common use of Alternative Procedures Clause in Contracts

Alternative Procedures. a) Within one year after the date of entry into force of this Agreement, Reporting Indian Financial Institutions must: (i) with respect to a New Individual Account described in subparagraph G(1) of this section, request the self-certification specified in section III of this Annex I and confirm the reasonableness of such self-certification consistent with the procedures described in section III of this Annex I, and (ii) with respect to a New Entity Account described in subparagraph G(1) of this section, perform the due diligence procedures specified in section V of this Annex I and request information as necessary to document the account, including any self- certification, required by section V of this Annex I.

Alternative Procedures. (a) Within one year after the date of entry into force of this Agreement, Reporting Indian Financial Institutions must: (i) with respect to a New Individual Account described in subparagraph G(1G( 1) of this section, request the self-certification specified in section III of this Annex I 1 and confirm the reasonableness of such self-certification consistent with the procedures described in section III [II of this Annex I, and (ii) iiu with respect to a New Entity Account described in subparagraph G(1) of this section, perform the due ! diligence procedures specified in section V of this 'his Annex I and request information as necessary to document the account, including any self- self-certification, required by section V of this Annex I.