Applicability of PAN requirement for Foreign Nationals – MCA General Circular No. 16/2014 dated 10.06.2014

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


All Regional Directors,
All Registrars of Companies,
All Stakeholders.

Sub: Applicability of PAN requirement for Foreign Nationals


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


(Sanjay Kumar Gupta)
Deputy Director

PPS to Secretary
PPS to Additional Secretary
PS to DIR (AB)



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.


Name of the Person

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