• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata, Jan. 8

To say there is no opposition to MIN from retail investors will be quite incorrect, investment circles say.

A cross-section of opinion refers to the fact that MAPIN had come into being a fairly long time ago. Individuals who had taken MAPIN could have been exempted this time, it is felt.

Others suggest that KYC is being employed to cover a wide range of areas - this, when there is no single/common institution that may prove a citizen's identity. The fact that PAN, issued for I-T purposes, too may be used in the case of certain transactions over Rs 50,000 is being underscored as well.

Some sections suggest that the asset management should ensure that MIN is not misused. The reference is to the misuse reported in the context of PAN and the efforts by the authorities to prevent multiple numbers being allotted to one entity.

More Stories on : Mutual Funds | Regulatory Bodies & Rulings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
BoB gets nod to take over PD activity

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line