MINISTRY OF CORPORATE AFFAIRS
GOVERNMENT OF INDIA
NEW DELHI

GENERAL CIRCULAR NO

16/2014, Dated: June 10, 2014

To

All Regional Directors,
All Registrars of Companies.
All Stakeholders.

Sub: Applicability of PAN requirement for Foreign Nationals

Sir,

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

Sanjay Kumar Gupta
Deputy Director

Undertaking

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.

Date:

Place:

(Signature)
Name of the Person