Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: empanelment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT
News Headlines »
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest

PAN required for NRI, PIO investors
October, 28th 2006

Effective January 1, 2007, NRIs, persons of Indian origin and foreign investors will require PAN cards to invest in Indian markets following an order issued by SEBI. .

The SEBI move follows a circular issued by the Income-Tax Department enabling NRIs and others (including PIOs and foreign investors) to obtain PAN cards for investing in Indian capital markets. Consequently, SEBI has decided to withdraw the facility of opening a `Limited Purpose Beneficiary Owner Account' without PAN.

According to the SEBI order, investors will be able to apply for PAN cards based on their passports as proof of residence and identity (ID).

Investors failing to obtain PAN will not be allowed to trade by the depository, depository participant or broker, said the SEBI order.

The regulator has told the stock exchanges to make necessary amendments to the relevant by-laws, rules and regulations.

Service providers (UTI Investor Services Ltd and National Securities Depository Ltd) will charge applicants courier charges for PAN cards to be delivered abroad, in addition to an application fee of Rs 60 (excluding the service tax).

Details of services charges and delivery time shall be put on the website of the respective service providers, the SEBI order said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions