General Circular No. 16/2014
F. No: 01/12/2013 CL-V
Ministry of Corporate Affairs
Government of India
‘A’ Wing, 5th floor, Shastri Bhawan
Dr. Rajendra Prasad Road, New Delhi-01
Dated: 10.06.2014
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Sub: Applicability of PAN requirement for Foreign Nationals
Sir,
In continuation of the General Circular No. 12/2014 dated 22.05.2014 regards the above subject, it is clarified that the provisions of the said Circular are applicable to a Foreign National who is a subscriber/promoter at the time of incorporation of the Company.
2. In case the said subscriber/promoter, does not possess Permanent Account Number (PAN), he/she shall furnish a declaration in the prescribed proforma, as an attachment to the Incorporation Form (INC-7).
3. Further, it is clarified that, in case of a Resident Director of the proposed company he/she shall be required to submit PAN details at the time of incorporation.
4. This issue with the approval of the Competent Authority.
Your Faithfully
Encl-Undertaking
(Sanjay Kumar Gupta)
Deputy Director
23384657
PPS to Secretary
PPS to Additional Secretary
PPS to JS (B)/JS (M)/DII (UCN)/ DII (BNH)/DII (RCM)
PS to DIR (AB)
Undertaking
I_________ (name)_________ ,son of __________ (father’s name)_________ , citizen of_______ (nationality) R/o (Address)____ having passport No.________ (passport Number) hereby declare as under:
(i) That I am not required to obtain Income Tax Permanent Account Number (PAN) under the provisions of Income Tax Act, 1961;
(ii) That in view of the above I have not been issued any PAN; and
(iii) That I undertake to furnish to the Registrar of Companies (mention jurisdiction) details of my PAN as soon as a Permanent Account Number is allotted to me.
Date:
Place:
(Signature)
Name of the Person
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