e-KYC Aadhar

SEBI circular dated 8th September, 2020 allowing National Stock Exchange (NSE) to carry out e-KYC Aadhar authentication of the UIDAI subject to such compliance as may be specified. Gist of SEBI circular follows:

SEBI vide circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/80 dated May 12,
2020 permitted eight entities to undertake Aadhaar Authentication service of UIDAI subject to compliance of the conditions as laid down in this regard.

  1. Government of India, Department of Revenue (DoR), vide Gazette
    Notification No. G.S.R. 516(E) dated August 20, 2020, notified “National
    Stock Exchange of India Limited” (NSE) as per the recommendation by
    Unique Identification Authority of India (UIDAI) and SEBI to undertake Aadhaar authentication service of the UIDAI under section 11A of the Prevention of Money-laundering Act, 2002. In view of the same, National Stock Exchange of India Limited shall undertake Aadhaar Authentication service of the UIDAI subject to compliance of the conditions as laid down in this regard.
  1. The Stock Exchanges and Depositories are directed to:
    a. bring the provisions of this circular to the notice of the Stock Brokers,
    Depository Participants and also disseminate the same on their websites.
    b. make necessary amendments to the relevant bye-laws, rules and
    regulations for the implementation of the above decision in co-ordination with one another to achieve uniformity in approach.
    c. communicate to SEBI, the status of the implementation of the provisions of this circular in the Monthly Development Report of the following month; and
    d. monitor the compliance of this circular.

https://www.sebi.gov.in/legal/circulars/sep-2020/entities-permitted-to-undertake-e-kyc-aadhaar-authentication-service-of-uidai-in-securities-market-addition-of-nse-to-the-list_47502.html

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