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of <h1>SEBI Requires Unique IDs for Securities Transactions Over One Lakh Rupees by March 31, 2005 for Specific Investors.</h1> The Securities and Exchange Board of India (SEBI) mandates that specified investors, including resident individuals and foreign institutional investors, obtain unique identification numbers for securities market transactions valued at one lakh rupees or more. This requirement applies to transactions in both primary and secondary markets, as well as units of mutual funds or collective investment schemes. The deadline for compliance is set for March 31, 2005. Resident investors are defined as individuals residing in India under the Foreign Exchange Management Act, 1999. This notification is issued under the authority of SEBI regulations.
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