Sock market watchdog SEBI
has decided to cease the process of quoting Unique Identification Number (UIN) and has made Permanent Account Number (PAN) the only recognition for transactions in the securities markets. This rule is irrespective of the transaction amount. SEBI also asked stock exchanges to notify brokers, market participants and clearing members about the new rules. This move is expected to check malpractices noted in public offers by companies while ensuring compliance with tax norms.
has decided to cease the process of quoting Unique Identification Number (UIN) and has made Permanent Account Number (PAN) the only recognition for transactions in the securities markets. This rule is irrespective of the transaction amount. SEBI also asked stock exchanges to notify brokers, market participants and clearing members about the new rules. This move is expected to check malpractices noted in public offers by companies while ensuring compliance with tax norms.For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India
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