PAN verification for D MAT accounts – date extended
If you have a D- MAT account, you must have received several letters from your DP warning you that no transactions will be allowed after 30th September unless you get your original PAN verified physically. Though there are thousands of duplicate PAN cards floating around, there are many without a PAN card. Because of the difficulties expressed by investors and banks, SEBI has now extended this deadline to 31st December 2006. The SEBI circular No. 13/2006 issued yesterday says,
“4.2. In the light of the practical difficulties expressed by various market participants as detailed above in adhering to the present deadline of September 30, 2006, the present deadline has been extended to December 31, 2006, as a one time measure.”
MRD/DoP/Dep/SE/Cir-13/06 dated September 26, 2006