Compliance

1. Regulatory Compliance Framework

NIVIXPE PRIVATE LIMITED is committed to maintaining the highest standards of legal and regulatory compliance. Our operations adhere to the following Indian laws and regulations:

1.1 Prevention of Money Laundering Act (PMLA), 2002

• Implementation of KYC (Know Your Customer) procedures
• Monitoring and reporting of suspicious transactions
• Maintenance of transaction records for 5 years
• Designated Compliance Officer

1.2 Foreign Exchange Management Act (FEMA), 1999

• Compliance with Liberalized Remittance Scheme (LRS) limits
• Proper documentation for cross-border transactions
• Adherence to RBI guidelines on foreign exchange

1.3 Digital Personal Data Protection Act (DPDPA), 2023

• Data protection and privacy measures
• User consent management
• Data subject rights implementation
• Data breach notification procedures

1.4 Income Tax Act, 1961

• TDS compliance (Section 194S)
• Income reporting and documentation
• Maintenance of financial records

1.5 Goods and Services Tax (GST) Act, 2017

• GST registration and compliance
• Timely filing of returns
• Proper invoicing and documentation

2. Cryptocurrency Regulations

2.1 Legal Status

• Blockchain technology is legal in India
• Cryptocurrency trading is permitted on compliant exchanges
• NivixPe operates as a payment service provider, not as an exchange

2.2 Compliance Measures

• No anonymous transactions
• Transaction monitoring for suspicious activities
• Compliance with tax regulations for virtual digital assets
• Adherence to RBI guidelines for payment systems

3. Testing Phase Compliance

3.1 Current Status

• Operating in testing phase with limited users
• No real money transactions
• All participants are known and verified
• Testing duration: 30-60 days

3.2 Compliance During Testing

• No FIU-IND registration required (testing phase only)
• No RBI authorization required (testing phase only)
• No GST registration required (zero revenue)
• Full compliance with data protection laws

4. Future Compliance Roadmap

4.1 Pre-Production Phase

• FIU-IND registration
• RBI engagement and approvals
• GST registration
• Final security audit

4.2 Production Phase

• Full regulatory compliance
• Regular audits and reporting
• Continuous monitoring and improvement
• Compliance with evolving regulations

5. Compliance Team

Our dedicated compliance team ensures:

• Regular policy reviews and updates
• Employee training on compliance matters
• Monitoring of regulatory changes
• Implementation of necessary controls

6. Reporting Concerns

To report any compliance concerns or violations, please contact:

Compliance Officer

NIVIXPE PRIVATE LIMITED

Email: compliance@nivixpe.com

Phone: [Your Contact Number]

7. Policy Updates

This Compliance Policy may be updated periodically to reflect changes in regulations or our business practices. We encourage you to review this page regularly for the latest information.