SEBI extends deadline for submitting PAN details

Securities and Exchange Board of India has extended the deadline for submitting mandatory PAN requirement for demat accounts to December 31, 2006 from September 30, 2006. SEBI has done this as a one time measure after considering the representations and discussions with market participants.

SEBI has advised the custodians to verify the PAN details of the institutional clients with the original PAN card and provide copy of such verified PAN details to the brokers duly certified.

Source : Equity Bulls

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