BSE seeks clients’ Aadhaar number updation from brokers

In the case of an individual one has to furnish their Aadhaar details while in case of a company, managers, officers or employees holding attorney to transact on company’s behalf need to submit Aadhaar details.

Trying to ensure compliance with anti-money laundering rules, the Bombay Stock Exchange (BSE) Indian equities exchange on Thursday asked its brokers to state and update their preparedness, mention the number of active clients and mention the number of clients who have submitted their Aadhaar numbers.

For partnership firms, trusts and unincorporated associations or a body of individuals, the person holding power of attorney to transact on the firm’s behalf needs to furnish the 12-digit identification number. (Mint File Photo)

In a circular the stock exchange said: “Members are hereby requested to note that, the number of clients complied to be mentioned should be the cumulative number of clients who have complied with submitting Aadhaar numbers with respect to the client categories covered in the Amendment to PML (Maintenance of Records) Rules, 2005.”

“Members are requested to submit/update the details by October 31, 2017; after which the above link will be disabled and data will be sent to SEBI (Securities Exchange Board of India),” it added.

The circular said in the case of an individual one has to furnish his/her Aadhaar details. In the case of a company, “managers, officers or employees holding attorney to transact on company’s behalf” need to submit Aadhaar details.

For partnership firms, trusts and unincorporated associations or a body of individuals, the person holding power of attorney to transact on the firm’s behalf needs to furnish the 12-digit identification number.