https://www.taxtmi.com/circulars?id=58015 Mandatory implementation of a Unique Client Code (UCC) requires members of commodity derivatives exchanges to collect, verify and upload clients' Permanent Account Number (PAN) as the sole identification for trading, subject to specified exemptions. Members must verify PAN with originals and the Income Tax Department database, retain copies, update client particulars monthly within seven working days of the following month, and exchanges must maintain a seven year historical database. Noncompliance attracts a trade penalty transferred to the Investor Protection Fund and potential member suspension for delayed uploads. en-us Fri, 16 Sep 2016 00:00:00 +0530 Wed, 05 Dec 2018 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58015 Mandatory implementation of a Unique Client Code (UCC) requires members of commodity derivatives exchanges to collect, verify and upload clients' Permanent Account Number (PAN) as the sole identification for trading, subject to specified exemptions. Members must verify PAN with originals and the Income Tax Department database, retain copies, update client particulars monthly within seven working days of the following month, and exchanges must maintain a seven year historical database. Noncompliance attracts a trade penalty transferred to the Investor Protection Fund and potential member suspension for delayed uploads. Circulars SEBI Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58015