SEBI eases PAN card norms for Foreign Portfolio Investors
To ease the PAN verification process at the time of account-opening for Foreign Portfolio Investors (FPIs), regulator SEBI on Thursday said intermediaries can verify the PAN of FPIs online. However, FPIs would have to provide a PAN card copy to their intermediaries within 60 days of opening the account or before remitting funds out of India, whichever is earlier.