The Securities and Exchange Board of India (“SEBI”) has directed all the investors registered under it to link their Aadhaar number with the Permanent Account Number (“PAN”) before September 30, 2021 for continued transactions in the securities market, since it is the sole identification for investors in the securities market.
As per the Central Board of Direct Taxes (“CBDT”) notification G.S.R 112(E) dated February 13, 2020, the PAN of a person allotted as of July 01, 2017, shall become inoperative if it is not linked with Aadhaar by September 30, 2021, or any other date specified by CBDT, SEBI said in a press release on September 03, 2021
SEBI also directed all the entities registered with it to comply with the CBDT directive and accept only operative PAN linked with Aadhaar from clients while opening new accounts after September 30, 2021.
Every person who has been assigned a PAN and is eligible to obtain an Aadhaar number is under an obligation to link the two identification documents, according to Section 139AA of the Income Tax Act, 1961, except individuals residing in the states of Assam, Jammu and Kashmir and Meghalaya, non-residents under the income tax law, senior citizens aged 80 years or more, and foreign citizens.
Online GST Course by Bimal Jain
Recorded: Certified Advanced GST Course
Course Details: Certificate of Participation will be Provided, Free GST Updates on E-mail, WhatsApp, Telegram for 1 Year, Background Material and PPT will be Provided on the downloadable basis, Total 21 Recorded Sessions (60 Hours), will be available for 120 hours or 60 Days whichever expires earlier.
For Registration:- https://cutt.ly/hxjl5Cu
Recorded: GST Course on Exports, Deemed Exports, SEZ, Imports, Merchandise Exports, Inverted Duty Structure (including Refunds)
Course Details: 6 Online Recorded Sessions of 2.30Hrs each with Background Material (BGM)
For Registration:- https://cutt.ly/pvw7mzl
For more details, Call: +91-8076563802, E-mail: intern@a2ztaxcorp.com, Web: www.a2ztaxcorp.in
DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose and for the reader’s personal non-commercial use. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon. Further, no portion of our article or newsletter should be used for any purpose(s) unless authorized in writing and we reserve a legal right for any infringement on usage of our article or newsletter without prior permission.