RBI permits 22 entities for Aadhaar Authentication under PMLA
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Corporate Law |
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Notifications, Notifications/Circulars
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MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
New Delhi, the 4th May, 2023
S.O. 2119(E).In exercise of the power conferred by proviso to sub-section (1) of section 11A of the Prevention of Money-Laundering Act, 2002 (15 of 2003) (hereinafter referred to as the Money-Laundering Act), the Central Government being satisfied that the reporting entities other than banking companies mentioned in the TABLE below shall comply with the standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsides, Benefits and Services) Act, 2016 (18 of 2016) (hereinafter referred to as the Aadhaar Act), and it is necessary and expedient to do so, after consultation with the Unique Identification Authority of India established under sub-section (1) of section 11 of the Aadhaar Act and the appropriate regulator, namely, the Reserve Bank of India, hereby permits the said Reporting Entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money Laundering Act, namely:-
TABLE
| S. No. | Reporting Entities |
| (1) | (2) |
| 1. | Godrej Finance Limited |
| 2. | Paul Merchants Finance(P) Ltd. |
| 3. | Svatantra Microfin Pvt Ltd. |
| 4. | Svatantra Micro Housing Finance Corporation Limited |
| 5. | Tata Motors Finance Solution Limited |
| 6. | Uniorbit Payment Solutions Limited |
| 7. | Subhlakshmi Finance Private Limited |
| 8. | Hero FinCorp Limited (HFCL) |
| 9. | SV Creditline Limited |
| 10. | Branch International Financial Services Limited |
| 11. | Mahindra Rural Housing Finance Ltd |
| 12. | Light Microfinance Private Limited |
| 13. | Belstar Microfinance Limited |
| 14. | IIFL Finance Limited |
| 15. | Hinduja Leyland Finance Limited |
| 16. | JMJ Fintech Limited |
| 17. | Midland Microfin Limited |
| 18. | Riviera Investors Private Limited |
| 19. | Save Microfinance Private Limited |
| 20. | Share India Fincap Private Limited |
| 21. | Amazon Pay (India) Private Limited (APIPL) |
| 22. | Aditya Birla Housing Finance Limited |
[F. No. : P-12011/11/2021-ES Cell-DOR-Part(1)]
SHASHANK MISRA, Director (Headquarter)
