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: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India :: empanelment :: due date for vat payment :: cpt
 
 
News Headlines »
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31
 Tax numbers belie slowdown: FM
 Income tax (1st Amendment) Rules, 2017
 Anti-avoidance tax rule to kick in from April 2017

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 2017 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