Making UID Mandatory for Securities Transactions

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..... Making UID Mandatory for Securities Transactions - News and Press Release Dated:- 23-2-2011 - News - Press Information Bureau Government of India Ministry of Finance 22-February- .....

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..... 2011 16:39 IST Making UID Mandatory for Securities Transactions Unique Identification Authority of India (UIDAI) has suggested constituting a joint working group of Securities and Exchange Boa .....

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..... rd of India (SEBI) and UIDAI to work out the modalities for recognizing Aadhaar as a proof of address and proof of identity for Know Your Client (KYC) purposes in the securities market. The Unique .....

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..... Identity number will eventually form the basic, universal identity infrastructure over which Registrars and Agencies across the country can build their identity-based applications. Government of Indi .....

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..... a in December 2010 notified Aadhaar number issued by UIDAI as an officially valid document to satisfy KYC norms for opening of accounts with banking companies, financial institutions and intermediar .....

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..... ies. SEBI has constituted an internal group with members from various departments to examine the modalities for making UID applicable for KYC norms and to formulate their views. This information w .....

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..... as given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Rajya Sabha today. DSM/BY/S - News - Press release - PIB Tax Management India - taxma .....

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..... nagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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