The Securities and Exchange Board of India has issued clarification regarding mandatory information required under the new PAN application forms that were issued by the Central Board of Direct Taxes in March 2026. The clarification was issued after several difficulties were faced by Foreign Portfolio Investors – FPIs in this regard.
Accordingly, SEBI has said that the name of the authorised signatory mentioned in the Common Application Form will be sufficient for the representative field in the PAN application process. It has been clarified that FPIs can provide their registration number if PAN, Aadhaar or passport details of the authorised signatory are not available.
For jurisdictions where Taxpayer Identification Numbers (TINs) are not applicable, the PAN form can now be filled using the value ten times zero (000 000 000 0). FPIs can also provide their landline number if a mobile number is unavailable. These measures have been announced to provide ease of onboarding to FPIs, who use a single Common Application Form for several key requirements in India, including SEBI registration, opening bank and demat accounts, and applying for PAN.
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