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Corporate Laws Central Ministry of Electronics and Information of Technology Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Servic

Aadhaar (Pricing of Aadhaar Authentication Services) (First Amendment) Regulations, 2023

24-Feb-2023 | F. No. HQ-13062/4/2021-AUTH-II (No. 2 of 2023)

The Unique Identification Authority of India has issued the Aadhaar (Pricing of Aadhaar Authentication Services) (First Amendment) Regulations, 2023, amending Regulation 3(1) of the Aadhaar (Pricing of Aadhaar Authentication Services) Regulations, 2021, effective from 24 February 2023.
By virtue of this amendment, the entities are required to deposit the authentication transaction charges within 30 days of issuance of the invoice based on the usage and the delay in payment beyond 30 days shall attract interest compounded @ 1.5% per month and discontinuation of authentication and e-KYC services. Prior to the amendment, the time limit was of 15 days.
Further, these Regulations shall be applicable upon authentication services rendered from 01 April 2023.

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