Hi All, Pls send your views on empact of compalsion of PAN no. for stock market dealings w.e.f. may 1,2007.[
From India , Bhopal
For investing directly in Indian stock markets,you have to register yourself with any SEBI registered stock broker.
One also needs to open a demat account with them or any other Depository Participant like Stock Holding Corporation,ING vysya bank,Development Credit Bank.
Many banks are also providing demat and broking services, like Bank of India, Union Bank of India,ICICIBank, Hdfc bank, Uti bank etc.
PAN (permanent account no.) issued by the Income Tax dept. is compulsory for opening broking and demat accounts.

From India , Bangalore

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