Regulation 6 - Specified investors to obtain unique identification numbers
Securities and Exchange Board of India (Central Database Of Market Participants) Regulations, 2003 Chapter II REQUIREMENT OF OBTAINING UNIQUE IDENTIFICATION NUMBERS
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Unique identification numbers required for investors before trading, dealing, or subscribing to securities; intermediaries must verify allotment. Regulation 6 requires specified investors to be allotted a unique identification number before buying, selling, dealing in, or subscribing to listed ... Summary
Unique identification numbers required for investors before trading, dealing, or subscribing to securities; intermediaries must verify allotment.
Regulation 6 requires specified investors to be allotted a unique identification number before buying, selling, dealing in, or subscribing to listed securities or units of mutual funds and collective investment schemes. Bodies corporate must ensure the entity and its promoters and directors have numbers; Foreign Portfolio Investors, sub-accounts and Foreign Venture Capital Investors are similarly covered. Intermediaries may not transact for investors without an allotted number. Applicants who have filed under Regulation 9 are exempt until their application or appeal is disposed of.
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