All those practising unethical transactions, Beware! Aadhaar to be linked soon for financial market transaction
New Delhi, August 10: Government and Securities and Exchange Board of India (SEBI) about to link Aadhaar for financial market transactions. Aadhaar details would be made mandatory for buying shares and mutual funds.
According to media reports, the new system is to be executed to put an end to the practice of converting black money into white through the stock market. Mandatory quoting of Permanent Account Number (PAN) alone won’t be able to curb unethical transactions.
More than 25 crore PAN car holders are there in the country. At the same time 111 crore people are issued with Aadhaar.