Aadhaar to be Obligatory for Filings Under Companies Act

Aadhaar number will soon be obligatory for directors and key administrative in regulatory filings under the Companies Act. 

Its basic purpose is for handling the issue of counterfeit identities, comes when specialists are reinforcing measures to manage the danger of shell organizations, suspected to be utilized for unlawful assets.

The Corporate Affairs Ministry has as of now has now asked the individual partners to get Aadhaar at the earliest for "coordinating their details with MCA21". 

MCA21 is a forum for filings required under the Companies Act are submitted to the Ministry.

The idea is to set up a framework which would help in distinguishing the partners whose name come up in the filings made through MCA21. 

The move likewise expect criticalness against the occasions where experts have discovered inconsistencies in individual details given by people in the administrative filings. 

As indicated by the source, having Aadhaar number alongside the filings would help determine the legitimacy of the people.

While requesting that individual partners to acquire Aadhaar, the Ministry had accentuated that data in Aadhaar ought to be in amicability with PAN (Permanent Account Number). 

"When implemented, all MCA21 services shall be available based on Aadhaar-based authentication only," the notice, issued earlier this month, said.

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