Sub: PAN requirement for transfer of shares in physical form
Notice is hereby given to all the listed companies with this Exchange that vide SEBI circular No. MRD/DoP/Cir-05/2007 dated 27th April 2007 SEBI directed that the PAN No. is the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction. In continuation to the above, vide SEBI Circular No. MRD/DoP/Cir-05/2009 dated 20th May 2009 which was issued in exercise of powers conferred under Section 11 of the SEBI, 1992, read with Section 55A of the Companies Act, 1956, SEBI directed the Stock Exchanges and Registrars to an issue and Share Transfer Agents that for securities market transactions and off market/private transactions involving transfer of shares in physical form of listed companies, it shall be mandatory for the transferee(s) to furnish copy of PAN card to the company/RTAs for registration of such transfer of shares.
All listed companies are requested to please comply with the directives as contained in the SEBIís aforesaid circular.Ē
Company Secretary & Financial Controller