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Aadhaar may be Made Compulsory Under Cos Act

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The government plans to make Aadhaar compulsory for regulatory filings made by key managerial personnel and directors under the Companies Act so as to weed out bogus entities. There are more than nine lakh active companies in the country and the proposal comes at a time when authorities have stepped up efforts to curb money laundering activities through shell firms. Registered companies have to submit filings as mandated under the Companies Act in electronic format through the MCA21  portal. The Ministry of Corporate Affairs is “actively considering“ integration of Aadhaar for availing various MCA21 related services.
The Economic Times New Delhi, 14th April 2017

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