Thu, Mar 14, 2019 12:50 PM
Earlier, SEBON had made the issue of PAN number mandatory to all the investors involved in secondary market starting from 1st Baisakh, 2076. However, after discussion with investors and concerned authorities, SEBON has decided to mandate PAN number only if the investor’s transaction is Rs 5 lakhs or more than Rs 5 lakhs.
Releasing the press statement, SEBON contended that it was a step undertaken to encourage small investors. Therefore, those investors who are transacting less than Rs 5 lakhs don’t require PAN number.