As per the Securities and Exchange Board of India (SEBI) circular dated April 27, 2007, with effect from July 02, 2007, Permanent Account Number (PAN) issued by the Income Tax Authorities has been made the sole identification number for all participants transacting in the securities market including mutual funds, irrespective of the amount of transaction.

SEBI has further clarified vide letter dated June 25, 2007, that existing and potential investors, who do not have PAN should apply for PAN immediately and applications for investment should be accompanied with the evidence of having applied for PAN until December 31, 2007.

This means that submission of PAN card copy (along with original for verification which will be returned across the counter) is mandatory for all existing as well as prospective investors (including joint applicants / holders, guardians and NRIs) for investing with mutual funds from this date.

Thus, with effect from July 02, 2007 until December 31, 2007:

	All fresh investment applications (irrespective of the amount) have to be enclosed with a certified copy of the PAN card
	The certification can be done by any of the following:
		The distributor/broker through whom transaction is done or
		The offices of Canbank Mutual Fund or
		Investor Service Centers of  our Registrar & Transfer Agents or
		Bank Manager or
		Notary
	Please note that the original PAN card should be furnished to any of the above for certification.
	Investment applications without a certified copy of PAN should enclose:
		For amount less than Rs. 50,000 - A copy of the evidence of having applied for PAN (acknowledged copy of Form 49A) until PAN is received.
		For amount Rs. 50,000 or more - A copy of the evidence of having applied for PAN (acknowledged copy of Form 49A) and a completed Form 60/Form 61 along with address proof, until PAN is received

All investors including guardians and power of attorney holders need to complete 'Know Your Customer' (KYC) formalities by completing a KYC application form along with photograph, PAN card and Proof of Address for individuals, or Corporate Documents for bodies corporate, in accordance with the Prevention of Money-Laundering Act, 2002 (PMLA), Rules issued thereunder and the guidelines / circulars issued by SEBI thereto. We request you to complete the said formalities at the earliest.

We have tied up with M/s CVL (CDSL Ventures Ltd) to increase reach and convenience for our investors. Applications for KYC along with PAN may be submitted at any "Point of Service" of CVL. All documents must be submitted in original along with a self-attested copy. The original will be returned across the counter after verification. Investors may also submit notarized copies of the requisite documents.

You will receive an acknowledgement which needs to be submitted to us along with a list of your folios numbers, as evidence of having completed these 2 important regulatory requirements.

As a majority of Mutual Funds have tied up with CVL, you only need to complete these formalities ONCE across all such participating Mutual Funds.

If you have previously completed your KYC formalities via CVL, please submit a copy of your KYC acknowledgement to us along with a list of your folio numbers for verification and update.

All investments in Canbank Mutual Fund need to comply with the PAN and KYC requirements as noted above.

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