Unique Identification Number requirement mandates registration and biometric enrolment before engaging in trading or margin facilities. The circular requires mandatory Unique Identification Numbers (UIN) for specified market participants via the Designated Service Provider, identifying sub brokers, corporate investors (including promoters and directors), and margin trading investors as categories required to obtain UINs by specified deadlines; mandates biometric and photographic enrolment for natural person applicants; imposes continuing obligations to update MAPIN records within thirty days and to ensure related persons obtain UINs; and directs stock exchanges and mutual funds to amend rules, notify stakeholders, and report compliance, noting regulatory penalties for false information and contraventions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unique Identification Number requirement mandates registration and biometric enrolment before engaging in trading or margin facilities.
The circular requires mandatory Unique Identification Numbers (UIN) for specified market participants via the Designated Service Provider, identifying sub brokers, corporate investors (including promoters and directors), and margin trading investors as categories required to obtain UINs by specified deadlines; mandates biometric and photographic enrolment for natural person applicants; imposes continuing obligations to update MAPIN records within thirty days and to ensure related persons obtain UINs; and directs stock exchanges and mutual funds to amend rules, notify stakeholders, and report compliance, noting regulatory penalties for false information and contraventions.
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