The following is a message from HSBC AMC India. I am copying it here for your info.
Dear Investor,
Securities and Exchange Board of India (SEBI) vide circular dated April 27, 2007 and letter dated June 25, 2007, has made Permanent Account Number (PAN), the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction, effective July 2, 2007.
It is mandatory for all investors (including all joint applicants / holders, guardians (incase of minor applications) and Non Resident Indians) for all fresh purchases, additional purchases and new SIP registrations made on or after July 2, 2007 to submit your PAN card copy, and bring the original PAN card for verification.
Existing Investors who have submitted their PAN proof in any earlier transaction are not required to take any further action, unless you receive an intimation from our Registrars.
Please note that effective July 2, 2007 all transactions without PAN verification/Form 49A (along with Form 60 / 61 where applicable) will be rejected.
Dear Investor,
Securities and Exchange Board of India (SEBI) vide circular dated April 27, 2007 and letter dated June 25, 2007, has made Permanent Account Number (PAN), the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction, effective July 2, 2007.
It is mandatory for all investors (including all joint applicants / holders, guardians (incase of minor applications) and Non Resident Indians) for all fresh purchases, additional purchases and new SIP registrations made on or after July 2, 2007 to submit your PAN card copy, and bring the original PAN card for verification.
Existing Investors who have submitted their PAN proof in any earlier transaction are not required to take any further action, unless you receive an intimation from our Registrars.
Please note that effective July 2, 2007 all transactions without PAN verification/Form 49A (along with Form 60 / 61 where applicable) will be rejected.
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