‘Govt staff need not give PAN for official deals’

SEBI on Monday announced that it would exempt both central and state Government officials from giving their PAN for transacting in the securities market on behalf of the Government undertaking. The regulator has also exempted officials appointed by the courts.The officials will be exempt only if they provide the necessary documents in evidence in “support of their claim for such an exemption,” said SEBI in a circular on its website.In April of 2007, SEBI had made it mandatory for PAN number and had made it the sole identification number for all transactions in the capital market. – www.thehindubusinessline.com