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IPO Frequently Asked Question(s) provide answers to commonly asked questions about IPO’s in Indian Stock Market. This IPO FAQ Category helps IPO investors for their better understanding of IPO’s and to resolve their quires.

We welcome you for your comments to improve answers of the questions asked in this category. Please feel free to post comments. We appreciate your participation in building this page simple, easy to understand, relevant and correct information provider to the Indian Investor Community.

If you don't find answer of your question, do not hesitate to ask our expert team by clicking 'Ask your question' link on the top of this page.

<< Check out all FAQ's about IPO's


What is PAN or Permanent Account Number or PAN Card?

PAN or Permanent Account Number is a unique 10 digit number assign to an individual or a company by of Income Tax Department of India. PAN number doesn't change when you move from one place to another.

PAN number comes on a PAN Card which looks like a credit card along with the photo. This is how a PAN Card looks:

Few important facts about PAN Card:

  • PAN Card is mandatory to open Demat account.

  • If you already have a demat account and you do not have a PAN Card, you cannot operate your demat account.

  • If the demat account is a joint account, all participant of this account should have a valid PAN      Card.

  • PAN Card is also mandatory for buying or selling of mutual funds.

  • One person can not have more then one PAN number, This is a law.
  •     9 Comment(s) - Read / Post Comments  


    Is PAN Card is Mandatory for applying in IPO?

    Yes, Market regulator SEBI has made PAN card mandatory for retail investors while filling public offer forms. It is mandatory that every application by retail investors have to submit PAN card copy, number or Form 60 or Form 61.

        1 Comment(s) - Read / Post Comments  


    Can minor apply for pan card?

    Yes. One can apply PAN Card on behalf of a minor. Minors may be represented through a representative.

        123 Comment(s) - Read / Post Comments  


    I have a PAN Card. Is it compulsory for me to file taxes?

    No, as long as your income is below basic exemption limit. But if you are filling income tax returns its mandatory to provide your PAN card information.

        1 Comment(s) - Read / Post Comments  


    How do I apply for a PAN Card?

    Investor can apply for a PAN Card online through the Tax Information Network (TIN) website of Income Tax Department.
    You can also print and fill up Form 49A: Application for Allotment of Permanent Account Number (PAN application form).

    To apply PAN simply visit website  or your local income tax office. This website also provides lots of information including where to submit application form for PAN Number, downloadable forms, online status tracking etc.

        1 Comment(s) - Read / Post Comments  


    How much does it cost to get a new PAN Card, change in PAN Card Information or receive another copy of PAN Card?

    As of Aug 2007 the fees for processing new PAN Card or change in information cost Indian Rs 60 (plus applicable taxes). If address for communication is a foreign address, the fee payable is Rs 717 (including service tax).

    Latest information can be found on Tax Information Network (TIN) website of Income Tax Department.

        44 Comment(s) - Read / Post Comments  


    How long does it take to get PAN Card?

    It usually takes 15 days to receive PAN Card. The status of the PAN Card processing can be track online on TIN website.

        134 Comment(s) - Read / Post Comments  


    What all documents require for applying PAN Card?

    1.  A recent color photograph (size 3.5 cm x 2.5 cm).

    2.  Proof of identity (any of the below)
      •  School leaving certificate

      •  Matriculation certificate

      •  Degree of recognized educational institution
      •  Depository account statement
      •  Valid Credit card
      •  Bank account statement
      •  Water bill
      •  Ration card
      •  Property tax assessment order
      •  Passport
      •  Voter's identity card
      •  Driving license
      •  Certificate of identity signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted Officer.
    3.  Proof of address (any of the below)
      •  Electricity bill*
      •  Telephone bill*
      •  Depository account statement*
      •  Credit card statement*
      •  Bank account statement*
      •  Rent receipt*
      •  Employer certificate*
      •  Ration card
      •  Passport
      •  Voter's identity card
      •  Property tax assessment order
      •  Driving license
      •  Certificate of address signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted Officer.

        2 Comment(s) - Read / Post Comments  


    How many demat accounts one person can open with one PAN card?

    Be the first to answer this question.

        28 Comment(s) - Read / Post Comments  


    Is PAN number required for NRI’s to purchase public issue shares? If not what are the alternate requirements?

    Be the first to answer this question.

        4 Comment(s) - Read / Post Comments  
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