<h1>SEBI Enforces PAN Use and Bans Cash Transactions to Tackle Black Money in Securities Market.</h1> The Securities and Exchange Board of India (SEBI) has implemented measures to curb black money in the securities market. These include mandating the use of Permanent Account Numbers (PAN) for all market transactions and prohibiting cash transactions between clients and brokers. Payments must be made through account payee cheques, demand drafts, or electronic transfers. SEBI also requires market intermediaries to adhere to stringent Know Your Customer (KYC) norms and report suspicious activities. The government continues to take action against tax evasion and black money investments, using various enforcement measures. The Income-tax Department does not track sector-specific search details.