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Core Purpose

Notification permitting specified reporting entities to perform Aadhaar authentication under section 11A of the Prevention of Money-laundering Act, 2002.

Detailed Summary

S.O. 2012(E), dated 5th May, 2025, issued by the Ministry of Finance (Department of Revenue), exercises the power conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003). The Central Government, being satisfied that the reporting entities listed will comply with privacy and security standards under the Aadhaar (Targeted Delivery of Financial and Other Subsides, Benefits and Services) Act, 2016 (18 of 2016), and after consultation with the Unique Identification Authority of India (established under section 11(1) of the Aadhaar Act) and the Reserve Bank of India (the appropriate regulator), permits the specified reporting entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act. The permitted reporting entities are Oxyzo Financial Services Limited, Berar Finance Limited, Finkurve Financial Services Limited, Tata Capital Limited, and BOBCARD Limited. This notification is issued under F. No. P-12011/11/2021-ES Cell-DOR-Part(1) and signed by Shankar Lal Kumawat, Director (Hqr.).

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-05052025-262901 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1968] NEW DELHI, MONDAY, MAY 5, 2025/VAISAKHA 15, 1947 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 5th May, 2025 S.O. 2012(E). In exercise of the power 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 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 +---------------+------------------------------------+ | Serial number | Reporting entity | | (1) | (2) | +---------------+------------------------------------+ | 1. | Oxyzo Financial Services Limited | +---------------+------------------------------------+ | 2. | Berar Finance Limited | +---------------+------------------------------------+ | 3. | Finkurve Financial Services Limited| +---------------+------------------------------------+ | 4. | Tata Capital Limited | +---------------+------------------------------------+ | 5. | BOBCARD Limited | +---------------+------------------------------------+ [F. No. P-12011/11/2021-ES Cell-DOR-Part(1)] SHANKAR LAL KUMAWAT, Director (Hqr.)

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