General Circular No. 16/2014, Dated: 10.06.2014
Sub: Applicability of PAN requirement for Foreign Nationals
In continuation of the General Circular No. 12/2014 dated 22.05.2014 regards the above subject, it is clarified that the provisions of the said Circular are applicable to a Foreign National who is a subscriber/ promoter at the time of incorporation of the Company.
2. In case the said subscriber/promoter, does not possess Permanent Account Number (PAN), he/she shall furnish a declaration in the prescribed proforma, as an attachment to the Incorporation Form (INC-7).
3. Further, it is clarified that, in case of a Resident Director of the proposed company he/she shall be required to submit PAN details at the time of incorporation.
4. This issue with the approval of the Competent Authority.
F. No: 01/12/2013 CL-V
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(Sanjay Kumar Gupta)
I_________ (name)_______son of __________(father’s name)________ , citizen of___________(nationality) R/o(Address) _____________having passport No.__________ (passport Number)___________hereby declare as under:
(i) That I am not required to obtain Income Tax Permanent Account Number (PAN) under the provisions of Income Tax Act, 1961;
(ii) That in view of the above I have not been issued any PAN; and
(iii) That I undertake to furnish to the Registrar of Companies (mention jurisdiction) details of my PAN as soon as a Permanent Account Number is allotted to me.
Name of the Person