F. No. Pro DGIT(S)I ADG(S)-1/FPI/04/20 19-201Part
Government of India
Ministry of Finance
Central Board of Direct Taxes
Directorate of Income-tax (Systems)
Notification 11. __ of2020.
. ~
New DeIhl" of February, 2020;
Subject: Procedure of PAN allotment through Common Application Form (CAF) along with
registration of Foreign Portfolio Investors (FPls) with SEBl under Department of
Economic Affairs and KYC for opening Bank and Demat Account.
Proviso to sub-rule (1) to rule 114 of Income Tax Rules, 1962 notified vide notification G.S.R.
No. I 17(E) dated 9/02/2017, states that:
"an applicant may apply for allotment of permanent account number through a common application form
notified by the Central Government in thc Official Gazette, and the Principal Director General of Income
Tax (Systems) or Director General of Income-tax (Systems) shall specify the classes of persons, forms
and format along with procedure for safe and secure transmission of such forms and formats in relation to
furnishing of Permanent Account Number (PA1\')".
2.
A Common Application Form (CAl') for the purpose of registration, opening of bank and demat
accounts and application for Permanent Account Number (PAN) has been notified for the Foreign
Portfolio Investors (FPls) in India by the Ministry of Finance, Department of Economic Affairs (SEBf)
vide notification F. No. 411 5/2016-ECB, dated 27101 /2020.
3.
In exercise of the powers delegated by the Central Board of Direct Taxes vide notification G.S.R.
No. 117(10) dated 9/02/2017, the Principal Director General of Income-tax (Systcms) lays down the
classes of persons, forms, fonnat and procedurc for Permancnt Account Number (PAN) as undcr:
S.
Particulars
No.
I.
Classes of persons to
New Foreign Ponfolio investors (FPls)
which
Common
Application
Forma
(CAF) will apply
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2.
Applicable form
Common Application Form (CAF) for Forcign Portfolio Investors (FPls) of
Ministry of Financc, Dcpartmcnt of Economic Affairs (SEB!) notified vidc
notification F. No. 4115/20 16-ECB, dated 27/01 /2020.
3.
Procedure
4.
Format
Application for allotment of Permanent Account Number (PAN) will be
uploaded in CAl' as specified by the Ministry of Finance, Department of
Economic Affairs (SEB!). After due examination and generation of FPI
Registration certificate, SEB! will forward data in form 49AA to
prescribcd Income Tax Authority through the signature of Authorised
Signatories of its Designated Depository Participants (OOPs).
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(Subrata Kumar Dash)
Pro Director General of Income-tax (Systems)
New Delhi.
Copy to:
I. Chaimlan and Mcmbers, CEDT, North Block, New Delhi.
2. All Chief Commissioners/Director General of Income-tax - with a request to circulate
amongst all officers in their rcgions/chargcs.
3. Web Managcr, "incomctaxindia.gov.in" for hosting on the websitc.
4. Database ccll for uploading on www.irsofficersonline.gov.in and in DGIT (S) comer.
5. ITEA publisher for uploading on /TEA portal.
6. Department of Economic Affairs/SEEL
7. Guard file.
(Decpika Mittal)
Add!. DGlT (Systems)- \
New Delhi.
