☑️ SEBI has asked all registered entities, including mutual funds, to accept only Aadhaar-linked PAN after September 30, 2021; the last date for investors to link their PAN and Aadhaar cards.
☑️ All the existing investors are advised to link their PAN with Aadhaar number prior to September 30, 2021 or any other date specified by CBDT for continual and smooth transactions in securities market.
☑️ Non-linking could lead to non-compliance of the CBDT notification to the same effect and cause inconvenience to investors.
☑️ According to Section 139AA of the Income-tax Act, 1961, every person who has been allotted a PAN, and who is eligible to an obtain Aadhaar number, is required to the link the two identification documents.
☑️ Individuals residing in Assam, Jammu and Kashmir and Meghalaya, besides non-residents under the income tax law, senior citizens aged 80 years or more, and foreign citizens are exempt from this rule.
For further details, visit: https://www.sebi.gov.in/media/press-releases/sep-2021/linking-of-pan-with-aadhaar_52368.html