Aadhaar Deadline Extended till 31.3.18 for
Submission of Aadhaar Number and Permanent Account Number or Form 60 by Client
to the Reporting Entity
After considering various representations
received and inputs received from Banks, it has been decided to notify 31st
March, 2018 or six months from the date of commencement of account based
relationship by the client, whichever is later, as the date of submission of
the Aadhaar number, and Permanent Account Number or Form 60 by the clients to
the reporting entity. Necessary notification in this regard has been issued.
It may be recalled that earlier Under the
provisions of Prevention of Money-laundering (Maintenance of
Records) Second Amendment Rules, 2017, published in the Extraordinary Gazette
of India vide G.S.R. 538 (E) dated 01.06.2017, it was provided that
(i)
In case the client, eligible to be
enrolled for Aadhaar and obtain a Permanent Account Number does not submit the
Aadhaar number or the Permanent Account Number at the time of
commencement of an account based relationship with a reporting entity, the
client shall submit the same within a period of six months from the date of the
commencement of the account based relationship. Provided that the clients,
eligible to be enrolled for Aadhaar and obtain the Permanent Account Number,
already having an account based relationship with reporting entities prior to
date of this notification, the client shall submit the Aadhaar number and
Permanent Account Number by 31st December, 2017.
(ii) In case the client fails to submit the Aadhaar
number and Permanent Account Number within the aforesaid six months period, the
said account shall cease to be operational till the time the Aadhaar number and
Permanent Account Number is submitted by the client. Provided that in case
client already having an account based relationship with reporting entities
prior to date of this notification fails to submit the Aadhaar number and
Permanent Account Number by 31st December, 2017, the said account shall cease
to be operational till the time the Aadhaar number and Permanent Account Number
is submitted by the client.