TaxTMI 
TaxTMI 
Our Indian Company is 100% holding by a foreign company. And there are three directors, out of three directors, one Indian director & Two foreign directors. But those two foreign directors don't have any income in India. Please suggest us, PAN is required for those two foreign directors.
Is PAN Required for Foreign Directors
12 Nov 2019 
4 Replies 
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PAN requirement for directors: directors of companies with qualifying financial transactions must obtain Indian PAN, non-residents included.
Amendments require every resident entity entering into aggregate financial transactions above a specified threshold in a financial year, and every person who is a managing director, director or other specified office-holder of such entity (including non-resident persons acting on its behalf), to obtain a PAN. A penal provision prescribes a monetary penalty for failure to obtain PAN where required, enforcing compliance by the entity and its associated office-holders. (AI Summary)
Amendments require every resident entity entering into aggregate financial transactions above a specified threshold in a financial year, and every person who is a managing director, director or other specified office-holder of such entity (including non-resident persons acting on its behalf), to obtain a PAN. A penal provision prescribes a monetary penalty for failure to obtain PAN where required, enforcing compliance by the entity and its associated office-holders. (AI Summary)