Ministry of Finance, under the Department of Revenue, issued a notification on December 3, 2024, granting permission to Aditya Birla Sun Life Mutual Fund (the reporting entity) to perform authentication under the Aadhaar Act. This authorization is made in accordance with Section 11A of the Prevention of Money-laundering Act, 2002, as the Central Government is satisfied that the mutual fund will meet the necessary privacy and security standards stipulated by the Aadhaar Act. The decision was made after consulting the Unique Identification Authority of India and the Securities and Exchange Board of India (SEBI). This permission enables the mutual fund to use Aadhaar-based authentication for compliance purposes under the Prevention of Money-laundering Act.
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 3rd December, 2024
S.O. 5211(E).— In exercise of the powers conferred by 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 on being satisfied that the reporting entity, namely, the Aditya Birla Sun Life Mutual Fund shall comply with the standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) (hereinafter referred to as the Aadhaar Act), and it is necessary and expedient to do so, and after consultation with the Unique Identification Authority of India established under subsection (1) of section 11 of the Aadhaar Act and the appropriate regulator namely, the Securities and Exchange Board of India, hereby permits the said reporting entity to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act.
[F. No. P-12011/3/2022-ES Cell-DOR]
RAJEEV LOCHAN, Under Secy.
