MoF Permits ‘Motilal Oswal Home Finance Limited’ to Perform Authentication Under the Aadhaar Act, 2016
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- Last Updated on 1 March, 2024
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Notification No. S.O. 933(E); Dated: 28.02.2024
The Ministry of Finance has permitted ‘Motilal Oswal Home Finance Limited’, a reporting entity to perform authentication under the Aadhaar Act, 2016. The permission is granted only for the purpose of Aadhar authentication as required u/s 11A of the Money Laundering Act, 2002. Sec 11A requires the verification of the identity of reporting entities’ clients and beneficial owners by way of aadhaar authentication.
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