After making Aadhaar compulsory for many schemes and projects, the government now plans to make it mandatory for stock market investors. Aadhaar may soon become mandatory for buying shares and mutual funds.
The move is to protect the investors from bad trading practices and conversion of black money through the stock market. It has been suspected that the practice of tax evasion and converting un accounted money into white money are taking place through stock markets.
The government recently mandated that Aadhaar to be linked to PAN, bank accounts, and mobile phone numbers. The deadline for existing bank account holders to link their Aadhaar card details with the bank account is December 31. Now You Need Aadhaar For These 14 Things
From getting the driving license to avail free mid-day meals, the government is making Aadhaar card mandatory for many things. There is also reports that soon people need to link Aadhaar with Voter ID person for several electoral purposes. How To Link PAN With Your Aadhaar Quickly?