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Agents to give PAN, other info to Sebi for digital payments

Press Trust of India  |  New Delhi 

All the market intermediaries will have to provide information about their PAN, registration number, mode of payment and details to after making payment in mode.

The Securities and Exchange Board of (Sebi), in March, amended various regulations to enable the market participants to make payments to it through mode.

It had allowed market intermediaries to make payments "by way of direct credit in the account through NEFT (national electronic funds transfer)/RTGS (real time gross settlement)/ IMPS (Immediate Payment Service) or any other mode allowed by the RBI".

The move was aimed at enabling ease of paying penalties, disgorgement amounts, settlements amounts, legal charges, recovery amounts, filing fees for IPOs, takeover fees and payments from

Following this, has been receiving direct credit of amounts from various intermediaries and other entities.

"In order to identify and account such direct credit in the account, it has been decided that the various intermediaries/ other entities shall provide the information ...To Sebi once the payment is made," the regulator said in a circular issued today.

This information include name of the intermediary, type of intermediary, its PAN and registration number, amount paid by it to the regulator, name of Sebi's department to which payment was made, purpose of payment, and details of the name and account number from which payment is remitted.

These details should be emailed to the respective department as well as to Treasury and Accounts division, the regulator said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 18:57 IST