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SEBI clarifies on mandatory PAN requirement exemption

SEBI has earlier advised on 30th June 2008, that Permanent Account Number (PAN) may not be insisted in the case of Central Government, State Government, and the officials appointed by the Courts e.g. Official Liquidator, Court Receiver etc. (under the category of Government) for transacting in the securities market.

SEBI has clarified that the exemption from mandatory PAN requirement applies to transactions undertaken on behalf of the Central and State Government, but not to the transactions of the employees of Central and State Government in their personal capacity.

SEBI simplifies Issuance and Listing of Debt Securities
SEBI notifies SEBI (Intermediaries) Regulations, 2008
Public Offer and Listing of Securitised Debt Instruments Regulations, 2008
SEBI relaxes norms for Foreign Institutional Investors
SEBI allows mutual funds to sell government securities
Indian Mutual Funds can now invest $7 bn
Current challenges in the global financial markets
No immediate threat to financial stability in India



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