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SEBI rationalises compliance norms for UCC, PAN
TIWN
TIWN
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Mumbai, March 10 (TIWN) SEBI on Monday rationalised the compliance norms of collecting and maintaining copies of PAN (permanent account number) of clients by members of the exchanges which have commodity derivatives segment.
The capital market regulator has also enhanced the use of e-PAN.
In the Union budget 2020, launch of instant PAN facility was announced and subsequently, Income Tax (IT) Department launched the facility of e-PAN which is generated instantly through Aadhaar based e-KYC.
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