Aadhaar to be made compulsory for regulatory filings under Companies Act

The move is primarily aimed at tackling the issue of bogus identities

The government will soon make quoting of Aadhaar number compulsory for key managerial personnel and directors in regulatory filings under the Companies Act.

The move, primarily aimed at tackling the issue of bogus identities, comes at a time when authorities are bolstering measures to deal with the menace of shell companies, suspected to be used for laundering illicit funds.

Moving towards implementation of the Aadhaar requirement under the companies law, the Corporate Affairs Ministry has already asked individual stakeholders to obtain Aadhaar at the earliest for "integrating their details with MCA21".

MCA21 is the portal through which filings required under