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<h1>New Process for Foreign Portfolio Investors to Obtain PAN via Common Application Form in India.</h1> The notification outlines the procedure for the allotment of a Permanent Account Number (PAN) through a Common Application Form (CAF) for Foreign Portfolio Investors (FPIs) in India. Issued by the Ministry of Finance, it specifies that new FPIs can apply for PAN alongside their registration with SEBI and the opening of bank and demat accounts. The process involves submitting the application via the CAF, which is then reviewed, and upon approval, SEBI forwards the data to the Income Tax Authority. The format for submission is XML, as authorized by the Principal Director General of Income-tax (Systems).