Question

Hemu' s mother gifted her shares of a large IT company. The securities were in physical form. She has a bank account but does not possess any other forms of security. She wanted to sell the shares and approached a registered broker. Which of the following is a mandatory detail which she needs to provide the broker?

विकल्प

• Permanent Account Number

• Educational qualification and occupation.

• Residential status

• None of the above

Answer 1

Permanent Account Number

Explanation - 

If an investor wants to purchase or sell securities, he must first contact a registered broker or sub-broker and sign a contract with him. Before making an order to purchase or sell stocks, the investor must sign a broker-client agreement and a client registration form, as well as give certain other data and information, such as his or her PAN number.