SEBI asks investors to link PAN with Aadhaar before Sep 30, 2021
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- Last Updated on 6 September, 2021
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PRESS RELEASE 27/2021, Dated, 03.09.2021
SEBI has asked investors to link their PAN with Aadhaar number by September 30, 2021, for continual and smooth transactions in the securities market and to avoid any consequences of non-compliance of CBDT notification G.S.R 112(E) dated February 13, 2020, on their transactions in the securities market. As per the CBDT notification, the Permanent Account Number (PAN) of a person allotted as on 01.07.2017 shall become inoperative if it is not linked with Aadhaar by September 30, 2021, or any other date specified by CBDT.
SEBI has also asked market intermediaries to ensure compliance with the said notification. “Since, PAN is the 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 onlyoperativePAN (i.e., linked with Aadhaar number) by the client while opening new accounts post-September 30, 2021 or any other date specified by CBDT,” said SEBI.
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