Home India Ministry of Finance Aadhar Authentication services under section 11A of PMLA Act...
Date: 30-Jan-2023 Category: Extra Ordinary State: Union Government Country: India

Aadhar Authentication services under section 11A of PMLA Act 2002

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification permits 39 reporting entities to perform authentication under the Aadhaar Act for the purposes of Section 11A of the Prevention of Money-laundering Act (PMLA).
  • The Central Government is satisfied that these entities comply with the privacy and security standards under the Aadhaar Act.

Key Changes

  • 39 reporting entities listed in the table are now permitted to perform authentication under the Aadhaar Act for PMLA purposes.
  • The decision was made after consultation with the Unique Identification Authority of India (UIDAI) and the Securities and Exchange Board of India (SEBI).

Impact Analysis

Reporting Entities

  • Action Item: The entities should integrate Aadhaar authentication into their systems and train their staff on the new procedures. They should also ensure compliance with the privacy and security standards under the Aadhaar Act.

Customers

  • Consideration: It is important to ensure that customers are aware of how their Aadhaar data will be used and protected.

UIDAI and SEBI

  • Action Item: Continued collaboration between these regulatory bodies and the reporting entities is essential to ensure effective implementation and compliance.

Government

  • Action Item: The government should continue to monitor the implementation of this notification and address any challenges that may arise.

Key Entities Referenced

Central Government: The issuer of the notification, acting under the powers conferred by the Prevention of Money-laundering Act, 2002. Prevention of Money-laundering Act, 2002 (PMLA): The primary legislation under which the notification is issued. Section 11A of the PMLA is relevant. Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016: Legislation related to Aadhaar, specifying privacy and security standards. Unique Identification Authority of India (UIDAI): The authority established under the Aadhaar Act, consulted for this notification. Securities and Exchange Board of India (SEBI): The regulator of the listed reporting entities, also consulted for this notification. Reporting Entities: The 39 financial entities listed in the table that are now permitted to perform Aadhaar authentication for PMLA purposes.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30012023-243282 xxxGIDHxxx CG-DL-E-30012023-243282 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 432] नई दिल्ली, सोमिार, िनिरी 30, 2023/माघ 10, 1944 No. 432] NEW DELHI, MONDAY, JANUARY 30, 2023/MAGHA 10, 1944 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 30 िनिरी, 2023 का.आ. 446(अ).—केंद्रीय सरकार, धन-िोधन जनिारण अजधजनयम, 2002 (2003 का 15) (जिसे इसम ें इसके पश् चात् धन-िोधन अजधजनयम कहा गया ह)ै की धारा 11क की उपधारा (1) द्वारा प्रित् त िज‍त यों का प्रयोग करते हुए, यह समाधान हो िान े पर दक नीचे सारणी म ें उजल् लजखत ररपोर्टकताट इकाईयों न े आधार (जित् तीय और अन् य सहिाजयदकयों, प्रसुजिधाओं और सेिाओं का लज‍य त पररिान) अजधजनयम, 2016 (2016 का 18) (जिसे इसमें इसके पश् चात् आधार अजधजनयम कहा गया ह)ै के अधीन गोपनीयता और सुरक्षा के मानकों का पालन दकया ह ै और ऐसा करना आिश् यक तथा समीचीन ह ै तथा आधार अजधजनयम की धारा 11 की उपधारा (1) के अधीन स्ट् थाजपत जिजिष्र् पहचान प्राजधकरण और भारतीय प्रजतभूजत और जिजनमय बोडट,िो इकाईयों का जिजनयामक ह,ै से परामिट करने के पश्च ात् उक्त इकाईयों को धन- िोधन जनिारण अजधजनयम की धारा 11क के प्रयोिनों के जलए आधार अजधजनजयम के अधीन अजधप्रमाणन कायट करन े के जलए अनुज्ञात करती ह,ै अथाटत् :- सारणी क्रम सखं य ाकं ररपोर्कता टइकाई 1. आकट फाइनेंस जलजमर्ेड 2. बसन इदिर्ी ब्रोककंग जलजमर्ेड 3. ग्लोब कैजपर्ल माकेर् जलजमर्ेड 4. गोजगया कैजपर्ल सर्िटसेि जलजमर्ेड 638 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 5. एचएसबी जस‍योररर्ीि एंड इदिर्ीि जलजमर्ेड 6. इंडबैंक मचेंर् बैंककंग सर्िटसेि जलजमर्ेड 7. इंजडया सीमेंट्स इन्िेस्ट्र्मेंर् सर्िटसेि जलजमर्ेड 8. इंजडया मनी जस‍योररर्ीज़ प्राइिेर् जलजमर्ेड 9. िैनम ब्रोककंग जलजमर्ेड 10. िेके जस‍योररर्ीि प्राइिेर् जलजमर्ेड 11. िेकेबी फाइनेंजियल सर्िटसेि जलजमर्ेड 12. िेएसईएल जस‍योररर्ीि जलजमर्ेड 13. केके जस‍योररर्ीि जलजमर्ेड 14. मधुिन जस‍योररर्ीि प्राइिेर् जलजमर्ेड 15. मनसुख जस‍योररर्ीि एंड फाइनेंस जलजमर्ेड 16. मनु स्ट्र्ॉक ब्रोककंग प्राइिेर् जलजमर्ेड 17. माकट जस‍योररर्ीि प्राइिेर् जलजमर्ेड 18. माकेर् दक्रएर्सट जलजमर्ेड 19. मर्ाजलया स्ट्र्ॉक ब्रोककंग प्राइिेर् जलजमर्ेड 20. मेिररक िेयर ब्रोकसट प्राइिेर् जलजमर्ेड 21. जमथुन जस‍योररर्ीि प्राइिेर् जलजमर्ेड 22. एमएलबी कैजपर्ल प्राइिेर् जलजमर्ेड 23. मुथूर् जस‍योररर्ीि जलजमर्ेड 24. जनमटल बगं जस‍योररर्ीि प्राइिर्े जलजमर्ेड 25. एनिे इजडयने िेस्ट्र् प्राइिेर् जलजमर्ेड 26. नॉर्ईस्ट्र् ब्रोककंग सर्िटसेि जलजमर्ेड 27. ओर्बटस फाइनेंजियल कॉपोरेिन जलजमर्ेड 28. ओर्ेम जस‍योररर्ीि जलजमर्ेड 29. आरबीसी फाइनेंजियल सर्िटसेि प्राइिेर् जलजमर्ेड 30. िोग कमर्िटयल कंपनी जलजमर्ेड 31. िीपक ओस्ट्तिाल प्रोप्राइर्र ऑफ कैजपर्ल िेि इन्िेस्ट्र्मेंर् एडिाइिर 32. फ्लोररि दफनकैप प्राइिेर् जलजमर्ेड 33. सुरेि कुमार िालन(रेड नाम िालान एडं कम्पनी) 34. माडनट िेयर एडं स्ट्र्ॉक ब्रोकसट जलजमर्ेड 35. सरोि जस‍योररर्ीि 36. िरि अग्रिाल ब्रोककंग सर्िटसेि प्राइिेर् जलजमर्ेड 37. स्ट्ििेिी क्रेजडट्स प्राइिेर् जलजमर्ेड 38. थार िेयर ब्रोकसट प्राइिेर् जलजमर्ेड 39. िेल्थजमल्स जस‍योररर्ीि प्राइिेर् जलजमर्ेड [फा. स.ं पी-12011/3/2022-ईएस सेल-डीओआर] ििांक जमश्र, जनिेिक (मुखय ालय) MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th January, 2023 S.O. 446(E).—In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003) (hereinafter referred to as the Money-laundering Act), the Central Government being satisfied that the reporting entities mentioned in the Table below comply with the standards of[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016)(hereinafter referred to as the Aadhaar Act), and it is necessary and expedient to do so, and after consultation with the Unique Identification Authority of India established under sub-section (1) of section 11 of the Aadhaar Act and the Securities and Exchange Board of India, being the regulator of the entities hereby permits the said entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money- laundering Act, namely:- TABLE Sl. No. Reporting Entity 1 Arch Finance Limited 2 Basan Equity Broking Limited 3 Globe Capital Market Limited 4 Gogia Capital Services Limited 5 HSB Securities and Equities Limited 6 Indbank Merchant Banking Services Limited 7 India Cements Investment Services Limited 8 Indo Money Securities Private Limited 9 Jainam Broking Limited 10 JK Securities Pvt Ltd 11 JKB Financial Services Limited 12 JSEL Securities Limited 13 KK Securities Limited 14 Madhuvan Securities Private Limited 15 Mansukh Securities and Finance Limited 16 Manu Stock Broking Private Limited 17 Marck Securities Private Limited 18 Market Creators Limited 19 Matalia Stock Broking Private Limited 20 Maverick Share Brokers Private Limited 21 Mithun Securities Private Limited 22 MLB Capital Private Limited 23 Muthoot Securities Limited 24 Nirmal Bang Securities Private Limited 25 NJ Indiainvest Private Limited 26 Notheast Broking Services Limited 27 Orbis Financial Corporation Limited 28 Ortem Securities Limited 29 RBC Financial Services Private Limited 30 Vogue Commercial Company Limited 31 Deepak Ostwal Proprietor of Capital Ways investment Adviser 32 Flourish Fincap Private Limited 33 Suresh Kumar Jalan (Trade Name Jalan and Company) 34 Modern Shares And Stockbrokers Limited 35 Saroj Securities 36 Sharad Agarwal Broking Services Pvt. Ltd. 37 Swadeshi Credits Private Limited 38 Thar Share Brokers Private Limited 39 Wealthmills Securities Private Limited [F. No. P-12011/3/2022-ES Cell-DOR] SHASHANK MISRA, Director (Headquarter) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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