Amendments to provisions in SEBI Circular dated September 16, 2016 on Unique Client Code (UCC) and mandatory requirement of Permanent Account Number (PAN).
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Mandatory Unique Client Code and PAN verification required for commodity derivatives trading ensuring client identity verification and e PAN acceptance. Members trading on commodity derivatives segments must use Unique Client Code for all clients and may not execute trades without uploading UCC details. Members must collect and verify PAN copies for existing and new clients; for e PAN they must verify authenticity on the Income Tax Department website and retain a soft copy. Exchanges must ensure upload of PAN or e PAN as part of the UCC, verify documents against the unique code and retain copies.
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.
Mandatory Unique Client Code and PAN verification required for commodity derivatives trading ensuring client identity verification and e PAN acceptance.
Members trading on commodity derivatives segments must use Unique Client Code for all clients and may not execute trades without uploading UCC details. Members must collect and verify PAN copies for existing and new clients; for e PAN they must verify authenticity on the Income Tax Department website and retain a soft copy. Exchanges must ensure upload of PAN or e PAN as part of the UCC, verify documents against the unique code and retain copies.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.