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of <h1>SEBI Requires Unique ID for Investors in Securities Market Transactions Over One Lakh Rupees by March 31, 2005.</h1> The Securities and Exchange Board of India (SEBI) issued a circular mandating that certain investors, including resident investors and foreign institutional investors, obtain a Unique Identification Number (UIN) by March 31, 2005. This requirement applies to those engaging in securities market transactions valued at one lakh rupees or more. SEBI appointed the National Securities Depositories Limited (NSDL) as the Designated Service Provider for this process. Investors must provide biometric data and ensure the accuracy of their information. Non-compliance will result in penalties. Stock exchanges and mutual funds are instructed to amend regulations and report compliance to SEBI.
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