SEBI Linking of PAN with Aadhaar

Last updated: 04 September 2021

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The Securities and Exchange Board of India (SEBI) is reminding all investors to link their Permanent Account Number (PAN) with their Aadhaar. This is crucial as per a Central Board of Direct Taxes (CBDT) notification, which states that PANs not linked with Aadhaar by September 30, 2021, will become inoperative. SEBI registered entities must only accept operative PANs for new accounts, and existing investors should link theirs to avoid any disruption in securities market transactions.

Securities and Exchange Board of India

Press Release No. 27/2021

Linking of PAN with Aadhaar

1. As per Central Board of Direct Taxes (CBDT) notification G.S.R 112(E) dated February 13, 2020, the Permanent Account Number (PAN) of a person allotted as on July 01, 2017 shall become inoperative if it is not linked with Aadhaar by September 30, 2021 or any other date specified by CBDT.

2. Since, PAN is sole identification number for all transactions in the Securities Market, in view of the said CBDT notification, all SEBI registered entities including Market Infrastructure Institutions (MIIs) should ensure compliance of said notification and accept only operative PAN (i.e., linked with Aadhaar number) by the client while opening new accounts post September 30, 2021 or any other date specified by CBDT.

3. Also, all the existing investors are advised to ensure linking of their PAN with Aadhaar number prior to Sept 30, 2021 or any other date specified by CBDT for continual and smooth transactions in securities market and to avoid any consequences of noncompliance of said notification on their transactions in securities market.

Mumbai
September 03, 2021

FAQ :

The deadline for linking PAN with Aadhaar is September 30, 2021, or any other date specified by the Central Board of Direct Taxes (CBDT).

If your PAN is not linked with Aadhaar by the specified date, it will become inoperative.

PAN is the sole identification number for all securities market transactions. Linking it with Aadhaar ensures your PAN remains operative, allowing for continuous and smooth transactions.

Yes, SEBI registered entities will only be able to accept operative PANs (linked with Aadhaar) when opening new accounts after September 30, 2021.

The notification regarding PAN and Aadhaar linking was issued by the Central Board of Direct Taxes (CBDT).