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Is submission of Permanent Account Number (PAN) mandatory for transfer/ transmission / transposition of shares in physical form?

mahindra-finance-author

by Mahindra Finance

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July 21, 2023

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1 mins read

SEBI has made it mandatory to furnish a copy of the PAN to the Company/ R&TA in the following cases, viz., (a) for securities market transactions and off-market transactions involving transfer of shares in physical form; (b) Deletion of name of the deceased holder(s), where the shares are held in the name of two or more shareholders; (c) Transmission of shares to legal heir(s), where deceased shareholder was the sole holder of the shares; and (d) Transposition of shares - where there is a change in the order of names in which physical shares are held jointly in the names of two or more shareholders.

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