Soon, Aadhaar may be made must for market investments

Megha Jain

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Aadhaar may soon become mandatory for buying shares and mutual funds. The government and the Securities and Exchange Board of India (Sebi) are planning to link Aadhaar to financial market transactions to try and curb sharp practices such as conversion of black money into white through the stock market. It’s not clear if Aadhaar will replace PAN, or whether it will be in addition to providing PAN details.