Online PAN Verification

Procedure

  • Entity desirous of availing the facility for online PAN verification has to register with Protean. For this, the entity should forward the following documents to Protean:
      (Only one copy of below Documents are needed duly signed and stamped by one and the same authorised signatory)
    • Terms & Conditions on the letterhead of the Entity
    • Non-Disclosure Agreement/ Confidentiality Agreements (NDA) on the letterhead of the Entity
    • Authorisation letter (DSC holder should be different from authorised signatory)
    • Screenshots of DSC as per below details :

      Go to Internet explorer - Tools - Internet Options - Contents - Certificates - Personal Tab (and view certificate) then take below screen shots.
      1. General Tab
      2. Details Tab - Serial Number
      3. Details Tab - Authority Key Identifier
    • (Two copies of below Documents are needed Duly Signed and Stamped by same authorised signatory)
    • Incorporation Certificate.
    • PAN card.
    • license/certificate issued by regulatory body.
    • Declaration by Entities
    • Balance sheet and Profit & Loss account statements financial of latest Assessment Year.
    • Additional Information on letterhead mentioning below details –

      a) Authorized Capital
      b) Disbursed amount (Mention NA if not applicable)
      c) Existing number of customers as on ________(date)
      d) Expected number of customers __________per year

    • ITR-V (acknowledgment) of latest Assessment Year
    • Account details for payment will be shared to you once Virtual ID will be created

      List of document to provided as per category of entity are as below

      Sr No. Category of Entity Document
      1 Banks / Payments Bank approved by RBI / Prepaid Payment Instrument Issuers approved by RBI/ Non-Banking Financial Companies approved by RBI / Credit card Companies / Institutions / Credit information companies approved by RBI/ Payment And Settlement System Operators authorized by RBI/ RBI approved Authorised Dealer – Category II License/Certificate of Registration issued by RBI
      2 Mutual Funds / Depository Participants / Stock Exchanges / Commodity Exchanges / Clearing Corporations / Depositories / Investment Advisor approved by SEBI/ Register & Transfer agents approved by SEBI/KYC Registration Agency (KRA)/Central KYC Registry License/Certificate of Registration issued by SEBI
      3 Companies (Required to furnish Annual Information Return (AIR)/Statement of Financial Transaction (SFT) / Any other entity required to furnish Annual Information Return (AIR)/Statement of Financial Transaction (SFT) Latest provisional receipt of Annual Information Return filed/confirmation received from ITD for submission of SFT
      4 Companies and Government deductor (Required to file TDS/TCS return) Latest provisional receipt of TDS/TCS return filed
      5 Insurance Web Aggregators / Insurance Company / Insurance Repository/ Direct (Life & General) Brokers approved by IRDAI License/Certificate of registration issued by IRDA
      6 Housing Finance Companies License/Certificate of registration issued by National housing Bank (NHB)/RBI
      7 Educational Institutions established by Regulatory Bodies License/Certificate of registration issued by Regulatory body
      8 Central Recordkeeping Agency of National Pension System/PFRDA approved Point of Presence (For Online Platform) License/Certificate of registration issued by PFRDA
      9 Mutual Fund Advisor License/Certificate of registration issued by AMFI
      10 DSC issuing Authorities License/Certificate of registration issued by CCA (Controller of Certifying Authorities)

Details required to be provided at the time of online registration are as mentioned below.

  • Organisational Details
  • Reason for availing PAN verification facility
  • Payment details
  • Digital Signature Certificate (DSC)
  • Details of DSC are optional at the time of online registration. However, DSC is mandatory for PAN verification. For details related to DSC, kindly refer Pre-requisite - Digital Signature Certificate (DSC)

Payment Details

  • The registration charges are ₹ 12,000 p.a. plus Goods and Services Tax (GST).
  • This facility is provided for one year and the same needs to be renewed on yearly basis.
  • PANs verified through file upload under ‘File and Screen Based’ facility are chargeable.
  • The entity availing ‘File and Screen Based’ or ‘API Based’ facility has to maintain sufficient deposit against its user ID in order to verify PANs which are more than the free limit of PANs per day.
  • Goods and Services Tax (GST) will be applicable on all the above charges.
  • Payment can be made only through Online Transfer.
  • Entity shall select appropriate mode of payment and fill relevant details during registration

Note regarding DSC:-

In order to use the new components for digital signing and verification, Digital Signature Certificate (DSC) based users are required to comply with the following pre-requisites with respect to the system configuration of the client machines :

  1. Windows XP Professional service Pack 3 , Windows 7,Windows 8
  2. Oracle JAVA (32-bit) 1.6 update 29 or above till java 1.8 update 66
  3. I.E. browser version 7,8,9,10 and 11
  4. SafeNet e-Token drivers used should be the latest (if applicable)