- Wednesday, April 24, 2024
By: Eastern Eye Staff
Aadhaar may soon become mandatory for buying shares and mutual funds. The government and the Securities and Exchange Board of India (Sebi) are planning to link Aadhaar to financial market transactions to try and curb sharp practices such as conversion of black money into white through the stock market. Two people familiar with the development said the government has realized that the permanent account number (PAN) may not be enough to plug tax leaks. Top Sebi officials have informally sounded out select market intermediaries about the possibility of linking Aadhaar to financial market transactions, a top official with a financial services firm familiar with…
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