Notification Detail :
General Circular 12/2014 dated 22/05/2014
Attention of Ministry has been drawn to diffrculties being faced by Foreign Nationals while filing Incorporation form (lNC-71 due to mandatory requirement of submission of PAN details of intending Directors at the time of filing the application for incorporation.
It is hereby clarified that PAN details are mandatory only for those foreign nationals who are required to possess "PAN" in terms of provisions of the Income Tax Act, 1961 on the date of appiication for incorporation Where the intending Director who is a Foreign National is not required to compulsorily possess PAN, it will be sufficient for such a person to furnish his/her passport number, alongwith undertaking stating that provisions of mandatory applicability of PAN are not applicable to the person concerned. The form of Declaration is required to be made in the proforma enclosed.
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