Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)
 Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning
 What Are 5 Heads Of Income Tax?
 Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals
  Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Why you need not rush to file your ITR immediately
 Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing
 Section 80DDB tax benefits for specified illnesses: 5 things to know
 Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes
 ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal

Sebi scraps UIN, makes PAN sole ID for all transactions
June, 27th 2007

Sebi has made the permanent account number (PAN) the sole means of identification for all transactions in the securities market, scrapping the unique identification number (UIN).
 
The market regulator, in a circular, said the requirement of UIN has been discontinued under the Sebi (Central Database of Market Participant Regulations), 2005. The market regulator directed all stock exchanges and depository participants to convey this decision to market participants. 
 
Earlier, Sebi had reversed its decision to make the mutual funds identification number (MIN) mandatory for any transaction of Rs 50,000 and above and replaced PAN with MIN.

The regulators move comes in the wake of Union finance ministers announcement in the budget that PAN will be the sole identification number.

The government has taken the decision to make PAN the sole identification number after market participants called for the scrapping of UIN and MIN and making PAN the sole means of identity.

Last week, Sebi chairman M Damodaran had given an indication that the regulator is exploring ways to allow small investors to park in mutual funds without a PAN card, which was made mandatory from July 2.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting