MUMBAI: The Securities and Exchange Board of India on Tuesday sought to clarify that it has not mandated the practice of public issue applicants attaching photocopies of PAN cards with the form.
The markets regulator has written to merchant bankers the present DIP guidelines only require the PAN number to be quoted in the application forms, irrespective of the size of the application.
SEBI has instructed merchant bankers to ensure that all collection agents do not refuse to accept applications in the absence of photocopy of PAN card, a circular said.
The markets regulator has written to merchant bankers the present DIP guidelines only require the PAN number to be quoted in the application forms, irrespective of the size of the application.
SEBI has instructed merchant bankers to ensure that all collection agents do not refuse to accept applications in the absence of photocopy of PAN card, a circular said.
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