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SEBI CBDT ease PAN compliance for foreign investors after onboarding chaos over new forms
Economy
Published on 15 May 2026
New PAN forms added fields that many couldn’t fill
SEBI and the Central Board of Direct Taxes (CBDT) have relaxed PAN-related onboarding rules for foreign portfolio investors after complaints that the revamped Income-tax Rules and March PAN forms made compliance overly complex across jurisdictions. The updates simplify documentation, contact disclosures and taxpayer identification fields. CBDT clarified that the authorised signatory name in the common application form is enough, liability is limited to PAN application, and optional fallbacks like using FPI registration number or “0000000000” for missing TINs are allowed.
- SEBI moved after stakeholder complaints about PAN onboarding complexity
- CBDT simplified authorised representative and representative assessee fields
- Authorised signatory liability is limited to PAN application
- Missing mobile or email can be replaced with investor contact details
- If PAN Aadhaar or passport is missing, FPI registration number can be used
- No TIN available? Applicants may enter “0000000000” instead
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times