Site icon CA Cult

RBI permits the entities to perform Aadhaar Authentication

RBI permits the entities to perform Aadhaar Authentication- Notification

S.O. 2543(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 entities mentioned in the Table below 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 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)
1One Mobikwik System Limited
2Asirvad Micro Finance Limited
3Home Credit India Finance Private Limited.
4Unimoni Financial Services Limited.
5Kai Fincap Limited.
6Nahar Credits Private Limited.
7PTC India Financial Services Limited.
8SK Finance Limited.
9Northern Arc Capital Limited.
10DMI Finance Private Limited
11SBFC Finance Private Limited.
12Krazybee Services Private Limited.
13Glaze Barter Private Limited
14Capri Global Capital Limited.

Notification

Read More on RBI

Exit mobile version