Permanent Account Number (PAN) to be the sole identification number for all transactions in the securities market

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..... Exchanges 2. Chairman & MD, NSDL 3. MD & CEO, CDSL 4. All SEBI registered intermediaries Dear Sir / Madam, Sub: Permanent Account Number (PAN) to be the sole identification number for all transactions in the securities market 1. The Hon'ble Finance Minister, in his announcement in the Union Budget for the year 2007-08, has proposed, inter-alia, to make PAN the sole identification number for .....

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..... nalysis can be made. 3.2. to build the necessary infrastructure for enabling accessibility and query based on PAN thereby enabling retrieval of all the details of the clients that is available including the transactions done by them. 3.3. to collect copies of PAN cards issued to their existing as well as new clients by the Income Tax Department and maintain the same in their record after verifyi .....

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..... ame on the website. 4.4. communicate to SEBI, the status of the implementation of the provisions of this circular in the Monthly Development Report. 5. The above shall come into force with effect from July 02, 2007. 6. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, and Section 19 of the Depositories Act .....

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