PAN requirement for transmission of shares in physical form

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..... rs to an Issue and Share Transfer Agents Dear Sir/Madam, Sub: PAN requirement for transmission of shares in physical form 1. The Securities and Exchange Board of India (SEBI) vide circular ref. no. MRD/DoP/Cir-05/2007 dated April 27, 2007 made PAN mandatory for all securities market transactions. Thereafter, vide circular no. MRD/DoP/ Cir- 05/2009 dated May 20, 2009 it was clarified tha .....

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..... he order of names in which physical shares are held jointly in the names of two or more shareholders. 3. Incase of mismatch in PAN card details as well as difference in maiden name and current name (in case of married women) of the investors - 3.1. The RTAs can collect the PAN card as submitted by the transferee(s). However, this would be subject to the RTAs verifying the veracity of the cla .....

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..... 5. All Registrars to an Issue and Share Transfer Agents are advised to:- 5.1. take necessary steps to implement the above decision. 5.2. disseminate the provisions of this circular on their website. 6. This circular is issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992, read with section 55A of Companies Act to protect intere .....

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