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PAN requirement for some entities relaxed

MUMBAI: The Securities and Exchange Board of India on Thursday relaxed the mandatory requirement of Permanent Account Number (PAN) for certain categories of entities operating in the equity market on operational grounds. All entities registered with SEBI and having some difficulty in producing a PAN card for verification at the time of opening the Beneficiary Owner (BO) account can now open a BO account without producing a PAN card.

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