Aadhaar may become mandatory to buy shares, mutual funds
According to reports, the government may make Aadhaar mandatory for buying shares and mutual funds. The government and market regulator Securities and Exchange Board of India (SEBI) are planning to link Aadhaar to financial market transactions, reports added. The government recently made it mandatory for taxpayers to quote Aadhaar for filing of income tax returns and to apply for PAN.