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    <title>Procedure of PAN allotment through Common Application Form (CAF) along with registration of Foreign Portfolio Investors (FPIs) with SEBI under Department of Economic Affairs and KYC for opening Bank and Demat Account.</title>
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    <description>Procedure for PAN allotment for FPIs uses a Common Application Form (CAF) notified by the Department of Economic Affairs (SEBI). New FPIs are the covered class; applications are uploaded in the CAF. After SEBI issues the FPI Registration Certificate, SEBI forwards applicant data in Form 49AA to the prescribed Income Tax Authority via authorised signatories of Designated Depository Participants, with XML as the prescribed format.</description>
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      <description>Procedure for PAN allotment for FPIs uses a Common Application Form (CAF) notified by the Department of Economic Affairs (SEBI). New FPIs are the covered class; applications are uploaded in the CAF. After SEBI issues the FPI Registration Certificate, SEBI forwards applicant data in Form 49AA to the prescribed Income Tax Authority via authorised signatories of Designated Depository Participants, with XML as the prescribed format.</description>
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