The Central Depository Services (India) Limited (CDSL) on April 06, 2026, issued circular regarding the Pan Modification at DP End.
Depository Participants (DPs) have been advised to strictly follow the guidelines issued earlier for processing PAN modification requests to ensure accuracy and compliance. They must upload a clear, self-attested PAN copy of the Beneficial Owner (BO), duly verified and stamped with “Verified with original” and “PAN verified with income tax site.” The BO’s signature on the PAN copy must match the records in the CDAS system.
In cases involving entities such as Partnership Firms, Unregistered Trusts, HUFs, or corporate actions like mergers and amalgamations, DPs are required to upload duly attested PAN copies along with relevant supporting documents (such as key pages of deeds or merger documents). Proper verification codes and reason codes must be used, and supporting documents are mandatory where PAN exemption codes are applied.
PAN modification requests will be checked and processed within T+2 working days. DPs are also instructed to avoid sending any email copies to CDSL and ensure complete compliance with the prescribed procedures.
[Circular No. CDSL/OPS/DP/POLCY/2026/237]
