Capital markets regulator Sebi on Wednesday asked all investors to link their PAN with Aadhaar number by March-end for smooth and seamless transactions in the securities market.
SEBI said in a statement that non-compliance may lead to restrictions on securities and other transactions till the Permanent Account Number (PAN) and Aadhaar are linked.
The Central Board of Direct Taxes (CBDT) had issued a circular in March 2022, according to which the PAN allotted to an individual, if not linked with Aadhaar by March 31, 2023, would become inoperative.
“Since PAN is the key identification number and forms part of the KYC requirements for all transactions in the securities market, it is necessary for all registered participants and market infrastructure institutions (MIIs) to ensure valid KYC,” SEBI said.
