This is with reference to Exchange notice no. 20230630-53 dated June 30, 2023, in respect of Linking of PAN with Aadhaar.
In pursuance of the same, UCCs status of clients’ where PAN of holder/s has become inoperative due to non-linking of PAN with Aadhaar, shall be updated as INACTIVE & transaction execution shall not be allowed on BSE StAR MF platform with immediate effect.
Further, exchange shall undertake the below action for existing systematic registrations wherein PAN of holder/s has not been linked to Aadhaar:
1. SIP/XSIP/ISIP registrations shall be paused for one year with remarks as “PAN-Aadhaar link is pending”. Paused systematic registrations shall be available to members in the existing registration reports with remarks against the registrations as “PAN-Aadhaar link is pending”.
2. Orders for STP/ASTP/SWP registrations shall be triggered and cancelled by the Exchange. Details of all such orders shall be available in Provisional as well Order Status Report with status as invalid and remarks as “PAN-Aadhaar link is pending”.
The information of all such inactive UCCs shall be made available to members in PAN – Aadhaar Status Report(shall be available on Monday after market hours). Format of the report is enclosed herewith as Annexure for reference.
Path: Daily Downloads >> New Reports >> Member Reports >> Master Reports >> PAN – Aadhaar Status Report
For all such UCCs where the PAN is not linked to Aadhaar, members have been provided with upload facility to make the status of such UCCs as Inactive.
Menu: Admin >> Client Details >> Client Status (Inactive)
Format: UCC Code (text file)
Additionally, a bulk upload option has been provided in the member login to upload the PAN no. of the client where PAN and Aadhaar are successfully linked in Income Tax.
Menu: Admin >> Client Details >> Client Status (Pan Aadhaar link upload)
Format: UCC Code|PAN No. (pipe separated text file)
Further, the PAN no. uploaded by members shall be verified for latest status (KYC verified / validated) available in KRA systems. Subsequently all such inactive UCCs shall be updated with status as ‘Active’ and all corresponding systematic registrations, which were paused shall become ‘Active’ with remarks as “PAN-Aadhaar link is updated”.
Members can reach us through Mutual fund Helpdesk numbers on 022-45720450 and 022-45720650 on business day between 8:00 am to 7:00 pm or raise queries on CRS portal: - https://bsecrs.bseindia.com
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Dy. General Manager – Mutual Funds |