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<h1>Foreign nationals must declare PAN status during company incorporation in India; resident directors must submit PAN details.</h1> The circular clarifies the requirement of a Permanent Account Number (PAN) for foreign nationals involved in the incorporation of a company in India. Foreign nationals who are subscribers or promoters at the time of incorporation must provide a declaration if they do not possess a PAN, attaching it to the Incorporation Form (INC-7). Resident directors of the proposed company must submit their PAN details during incorporation. The directive is issued with the approval of the competent authority, and an undertaking form is provided for foreign nationals to declare their PAN status and commitment to furnish it upon issuance.