SEBI
SEBI asks investors to link PAN with Aadhaar card by September end
Mumbai/UNI: Securities and Exchange Board of India (SEBI) on Friday asked investors to link their PAN card with their Aadhaar number by the end of September 30, 2021, for a continual operation in the securities market.
In a statement, the marker regulator said as per Central Board of Direct Taxes (CBDT) notification, the Permanent Account Number (PAN) of a person allotted as of July 01, 2017, would become inoperative if it was not linked with Aadhaar by September 30, 2021, or any other date specified by CBDT.
''Since, PAN is sole identification number for all transactions in the Securities Market, in view of the said CBDT notification, all SEBI registered entities, including Market Infrastructure Institutions (MIIs) should ensure compliance of said notification and accept only operative PAN (linked with Aadhaar number) by the client while opening new accounts post-September 30, 2021 or any other date specified by CBDT,'' it said.
''All the existing investors are advised to ensure linking of their PAN with Aadhaar number prior to September 30, 2021, or any other date specified by CBDT for continual and smooth transactions in the securities market and to avoid any consequences of non-compliance of said notification on their transactions in the securities market,'' the statement read.
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