ceneral circular trto. lL /2014 F.No.1/12l2013 CL-V Government oflndia Ministry of CorPorate Affairs 'A'Wing, 5t Floor, Shastfi Bhawan, Dr. Raiendra Prasad Road, New Delhi110001 Dated,'. 22nd Mav,2014 To AII Regional Directort All Registrar of Companies, All Stakeholders. Sub: Applicability of PAN requirement for Foreign Nationals. Sir, Attention of Ministry has been drawn to diffrculties being faced by Foreign Nationals while filing Incorporation form (lNC-71 due to mandatory requirement of submission of PAN details of intending Directors at the time of filing the application for incorporation. 2. It is hereby clarified that PAN details are mandatory only for those foreign nationals who are required to possess "PAN" in terms of provisions of the Income Tax Act, 1961 on the date of appiication for incorporation Where the intending Director who is a Foreign National is not required to compulsorily possess PAN, it will be sufficient for such a person to furnish his/her passport number, alongwith undertaking stating that provisions of mandatory applicability of PAN are not applicable to the person concerned. The form of Declaration is required to be made in the proforma enclosed. 3. This issues with the approval of Competent Authority. Yours faithfully, "1UlM -. [K.!q.S. NaiaYa'fanJ Assistant Director Tel:233B7263 Encl. As above. Copy toi 1. PSO to Secretary 2. PPS toAdditjonal Secretary 3. PSto ls(M)/lstB)/lstsP) 4. DrR[AK)/DrR(AB]/DIRINC]/DIR(PS) Undertaking I-(name)-, son of name)- citizen of having passport No.-(passport Number]- declare as -(nationalit under:
-(fathe/s - til That I am not required under the provisions of Income Tax Act, 1961 to obtain lncome Tax Permanent Account Number [PAN]; (iD That in view ofthe above I have not been issued any PAN; and (iiD That i undertake to furnish to the Registrar of Companies (mention jurisdictionJ details of my PAN as soon as a Permanent Account Number is issued to me. Datel (SignatureJ
Regards
Prarthana Jalan
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