Mandatory requirement of Permanent Account Number (PAN)

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..... transactions in the securities market. 2. As you are aware, the demat accounts for which PAN details have not been verified are suspended for debit until the same is verified with the Depository Participant (DP). However, it has come to our notice that despite follow up, investors are not furnishing the PAN details. 3. In order to ensure better compliance with the Know Your Client (KYC) n .....

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..... circular is being issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 and Section 19 of the Depositories Act, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market. Harini Balaji Deputy General Manager 022-26449372 email: [email protected]. .....

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