MCA General Circular 12/2014: Applicability of PAN requirement for Foreign Nationals

General Circular No. 12 / 2014

F.No.1/12/2013 CL-V
Government of India
Ministry of Corporate Affairs

‘A’ Wing, 5th Floor, Shastri Bhawan,
Dr. Rajendra Prasad Road, New Delhi-110001
Dated: 22nd May, 2014


AlI Regional Directors,

All Registrar of Companies, All Stakeholders.

Sub: Applicability of PAN requirement for Foreign Nationals.


Attention of Ministry has been drawn to difficulties being faced by Foreign Nationals while filing Incorporation form (INC-7) due to mandatory requirement of submission of PAN details of intending Directors at the time of filing the application for incorporation.

1. 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 application 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.
2. This issues with the approval of Competent Authority.

Yours faithfully,

(KMS Narayanan)

Assistant Director Tel: 23387263

Encl. As Above

Copy to:

  1. PSO to Secretary
  2. PPS to Additional Secretary
  3. PS to JS(M)/JS(B)/JS(SP)




I           (name) ________ , son of ______ (father’s name)                    citizen of

(nationality)_____ having passport No.____ (passport Number)                     declare as

(i)                That I am not required under the provisions of Income Tax Act, 1961 to
obtain Income Tax Permanent Account Number (PAN);

(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 issued to me.

Date:                                                                                                                                                     (Signature)


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