The National Stock Exchange (NSE) on June 26, 2023, issued a notification regarding if it is not reflecting after Seeding Aadhaar with PAN.
The following has been stated namely: -
• In the event upon receipt of a confirmation from the investors that their PAN is linked with their Aadhaar and the Trading Members observe that the same is not reflected in the Exchange database, they can either place a single unfreeze request (new request option) or a bulk unfreeze request (via file upload) on UCI online portal.
• Such records shall be verified by the Exchange.
• The facility will be applicable only when the PAN status is valid.
• Clients whose PAN is linked with Aadhaar as per the UCC database on or before June 30, 2023, will be permitted to trade on the Exchange platform with effect from July 01, 2023.
• Subsequent to the due date of June 30, 2023, if the PAN-Aadhaar linking status is not updated in the Exchange database, then such clients shall neither be permitted to trade with effect from Monday, July 01, 2023 nor will they be able to square up their open positions, until they comply with the aforesaid requirement.
• The open positions will expire on the expiry date of the respective contract. The Trading Members are hereby advised to monitor the open positions of clients whose PAN is not linked with their Aadhaar and take appropriate measures to ensure compliance with the above.
[Notification No. NSE/ISC/57267]
