The Central Depository Services Limited (CDSL) on October 30, 2024, issued notification regarding the Pan Modification at DP End.
The following has been stated namely: -
• DPs have to upload the self-attested PAN copy of the BO having the stamp, sign of the DP official along with the stamp of “Verified with original” and “PAN verified with income tax site” after due verification.
• BOs self-attested signature on the PAN copy should be matched with signature as recorded in the respective demat account in CDAS system.
• DPs should upload clear scanned copy of the PAN.
• In case of PAN modification of the Partnership Firm/Unregistered Trust/HUF, DP has to upload the respective duly attested PAN of respective account type along with the first and last 3 pages of the duly attested deeds (Partnership Firm/Unregistered Trust/HUF).
• In case of Mergers & Amalgamations, DP is required to upload dully attested, first and last 3 pages of Merger/Amalgamation document along with the PAN of the new entity/name.
• DP can modify the existing PAN along with correct verification code and actual applicable reason code.
• In case of PAN exemption code being entered by the DP, supporting documents have to be uploaded by the DP.
• DPs are advised to note that the PAN modification in CDAS system that checker will be done by T + 2 working days.
[Notification No. CDSL/OPS/DP/POLCY/2024/657]
