Press
Information Bureau
Government
of India
Ministry
of Finance
13-December-2017 17:15 IST
Extension
of deadline till 31.3.18 for submission of Aadhaar number, and Permanent
Account Number or Form 60 by client to the reporting entity After considering various representations
received and inputs received from Banks, it has been decided to notify
31stMarch, 2018 or six months from the date of commencement of account based
relationship by the client, whichever is later, as the date of submission of
the Aadhaar number, and Permanent Account Number or Form 60 by the clients to
the reporting entity. Necessary notification in this regard has been issued.
It
may be recalled that earlier Under the provisions of Prevention of
Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,
published in the Extraordinary Gazette of India vide G.S.R. 538 (E) dated
01.06.2017, it was provided that
i) In
case the client, eligible to be enrolled for Aadhaar and obtain a Permanent
Account Number does not submit the Aadhaar number or the Permanent Account
Number at the time of commencement of an account based relationship with a
reporting entity, the client shall submit the same within a period of six
months from the date of the commencement of the account based relationship.
Provided that the clients, eligible to be enrolled for Aadhaar and obtain the
Permanent Account Number, already having an account based relationship with
reporting entities prior to date of this notification, the client shall submit
the Aadhaar number and Permanent Account Number by 31st December, 2017.
(ii) In
case the client fails to submit the Aadhaar number and Permanent Account Number
within the aforesaid six months period, the said account shall cease to be
operational till the time the Aadhaar number and Permanent Account Number is
submitted by the client. Provided that
in case client already having an account based relationship with reporting
entities prior to date of this notification fails to submit the Aadhaar number
and Permanent Account Number by 31st December, 2017, the said account shall
cease to be operational till the time the Aadhaar number and Permanent Account
Number is submitted by the client.
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DSM/SBS/KA (PIB 13.12.2017)
