Aadhaar to be compulsory for AMCs' clients from Jan, says BSE

December 12, 2017 18:15

Leading bourse BSE today asked asset management companies to ensure that individual clients compulsorily submit their Aadhaar details from January onwards as part of compliance with anti-money laundering rules.

The instruction has been issued after the government amended, in June, the Prevention of Money Laundering (Maintenance of Records) Rules with regard to collection of Aadhaar number from clients.

Various requirements related to the amended rules have been "made mandatory, with effect from January 1, 2018", according to a BSE circular issued for the mutual fund segment. In case a client is an individual who is eligible to be enrolled for Aadhaar, he or she will have to submit the Aadhaar number to the reporting entity -- asset management company (AMC), the exchange said. Further, if Aadhaar number has not been assigned to a client, the client will have to furnish proof of application for enrolment of Aadhaar and in case the PAN is not submitted, one certified copy of an officially valid document will have to be furnished. -- PTI

« Back to LIVE

TOP STORIES

Not changing 2G judgment, non-auction allocation only for...: Sources

The government is not seeking to change the 2012 Supreme Court judgment that backed auction as the preferred mode of allocating telecom spectrum except for narrowly defined sectors such as satellite communication and defence where the...

It's Modi govt that wanted to bring inheritance tax: Cong

Amid the row over Congress leader Sam Pitroda's remarks, the party on Wednesday asserted that it has no plans whatsoever to introduce an inheritance tax and cited former Union minister Jayant Sinha's remarks to allege that it is the Modi...

'Can't control polls': SC to EVM critics as it reserves order

The Supreme Court said on Wednesday it cannot 'control the elections' or issue directions simply because doubts have been raised about the efficacy of Electronic Voting Machines (EVM), as it reserved its judgment on a clutch of petitions...

Modi's 'redistribution' charge against Cong gets Pitroda's booster

In his poll rallies, Modi framed Pitroda's comments in his wider onslaught against the Congress, asserting that they have exposed its hidden agenda and that the party has become so removed from the country's social and family values that...

IPL PIX: Pant shines as spirited Delhi Capitals edge Titans

Rishabh Pant's belligerent unbeaten half-century helped Delhi Capitals' to a narrow four-run win over Gujarat Titans.