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    <title>Mandatory requirement of Permanent Account Number (PAN)</title>
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    <description>SEBI exempts transactions by the Central Government, State Government and court-appointed officials from the mandatory Permanent Account Number requirement, conditional on intermediaries collecting and verifying sufficient documentary evidence to substantiate exemption claims; stock exchanges and depositories must amend rules, notify members, publish the clarification and report implementation in monthly development reports.</description>
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