Mandatory requirement of Permanent Account Number (PAN) for transactions in the cash market

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Exchanges Dear Sir / Madam, Sub: Mandatory requirement of Permanent Account Number (PAN) for transactions in the cash market 1.   As you are aware, PAN has been made mandatory for transacting in the Futures and Options market as well as for operating a Beneficiary Owner (BO) Account in the Depository system. 2.   In continuation of the above and to further strength....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of PAN so collected to the Exchanges as part of unique client Code. 4.   The stock exchanges shall ensure that with effect from October 1, 2006 transactions in the cash market are executed only in respect of clients whose PAN details have been collected and uploaded to the exchange by the members. 5.   The Stock Exchanges are advised to ; 5.1.   make necessa....