Use of PAN number to be initiated from Sunday

PAN number has been decided to be implemented from Sunday onwards. On Friday, representative from NEPSE and Broker Association agreed to implement the use of PAN number from Sunday. Earlier, it had been decided to implement use of PAN number from Baisakh onwards. In order to educate individual investors regarding the use of PAN number, the implementation will be started from Sunday itself. Investors might face certain problems while using PAN number so NEPSE called in representatives of brokers to discuss the same issue, today. The representatives of broker houses have assured to help investors use PAN number while investing.

NEPSE has also developed “Special Pre Open Session” feature on Thurdsay. The information related to same feature was communicated to brokers via viber and email. However, many brokers complained that they did not receive such information. As a result, investors could not buy and sell stocks of Shivam Cement and Universal Power in the secondary market. In order to avoid such confusion, NEPSE held face to face meeting with broker representative today.

As per SEBON, any transaction above Rs 5 lakhs will require PAN mandatorily from 1^st Baisakh, 2076.