SEBIEXTENDSPAN DEADLINE FOR MF BUYS

The Securities and Exchange Board of India (SEBI) has extended the deadline for the mandatory Permanent Account Number (PAN) requirement for all new investments in Mutual Funds (MFs) by six months up to 31st December 2007. SEBI has insisted that investors making new investments in MFs should produce proof that they have applied for PANs. SEBI, has however, exempted investors participating in micro-pension schemes from the PAN requirement.