Unique Identification Number requirement mandates biometric registration and ongoing reporting; non-compliance attracts regulatory action from intermediaries SEBI designates NSDL as the Designated Service Provider and requires specified intermediaries and related persons to obtain a Unique Identification Number (UIN), with natural-person applicants providing electronic biometric impressions and a photograph; applicants must supply truthful information and face specified regulatory action for false statements. Post-allotment continuing obligations include notifying changes to the MAPIN database within thirty days and ensuring related persons obtain or apply for UINs within thirty days. Depositories must amend bye-laws, notify participants, publish the circular, and report implementation to SEBI.
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Provisions expressly mentioned in the judgment/order text.
Unique Identification Number requirement mandates biometric registration and ongoing reporting; non-compliance attracts regulatory action from intermediaries
SEBI designates NSDL as the Designated Service Provider and requires specified intermediaries and related persons to obtain a Unique Identification Number (UIN), with natural-person applicants providing electronic biometric impressions and a photograph; applicants must supply truthful information and face specified regulatory action for false statements. Post-allotment continuing obligations include notifying changes to the MAPIN database within thirty days and ensuring related persons obtain or apply for UINs within thirty days. Depositories must amend bye-laws, notify participants, publish the circular, and report implementation to SEBI.
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