Latest news with #PermanentAccountNumber
NDTV
3 days ago
- Business
- NDTV
PAN Card 2.0 Update: Key Features, Benefits, And How To Apply Online
PAN Card 2.0 is an upgraded version of the Permanent Account Number (PAN) card, featuring enhanced security measures and digital convenience. PAN 2.0 includes advanced features like a QR code for verification and supports a paperless experience. Existing PAN cardholders can also upgrade to PAN 2.0, and new applicants can apply directly for PAN 2.0. Key Features of PAN Card 2.0 Secure QR Code: A digitally signed QR code for secure verification, allowing for quick and accurate identity validation Aadhaar Integration: Better integration with Aadhaar to simplify tax and financial transactions Advanced Data Analytics: Cutting-edge technology to detect and prevent fraudulent activities Digital PAN: Instant access to e-PAN, sent directly to your registered email address Biometric Authentication: Expected to feature biometric authentication through Aadhaar-based fingerprint and iris scanning Blockchain-Based Security: Potential incorporation of blockchain technology to store and verify details securely Benefits of PAN Card 2.0 Faster KYC Verification: Streamlined Know Your Customer (KYC) processes for financial institutions, reducing paperwork and improving efficiency Reduced Fraud: Enhanced security measures to prevent identity theft and minimise misuse Seamless Integration: Direct integration with government portals, such as GST and income tax, simplifies compliance and tracking Instant PAN Issuance: Faster issuance of PAN cards, enabling quicker registration and automated tax compliance How to Apply For PAN Card 2.0 Applying for a PAN Card 2.0 online in India is a streamlined, digital process introduced by the Income Tax Department to enhance accessibility and security. Existing PAN Cardholders are automatically eligible for PAN 2.0 upgrade and can request a QR-enabled PAN card by updating details on the official website. New applicants can submit required documents, including proof of identity, address, and date of birth. Application Steps:
News18
3 days ago
- Business
- News18
3B Films IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
Last Updated: According to market observers, the current grey market premium (GMP) of 3B Films Ltd is zero, indicating flat or negative listing. 3B Films IPO Allotment Status: The 3B Films IPO allotment is set to be finalised today, June 4, in the evening. Once allotted, investors will start received bank debit messages. They can also check the allotment status online on the websites of the BSE as well as on registrar Maashitla Securities. Here's the latest GMP, as well as a step-by-step guide to check allotment status. The 220-crore 3B Films IPO was open for public subscription between May 30 and June 3. It received an overall 1.80 times subscription, garnering bids for 1,15,50,000 shares as against 64,08,001 shares on offer. The retail and NII participation stood at 2.75 times and 0.85 times, respectively. The 3B Films IPO allotment will take place on Wednesday, June 4. The IPO allotment status can be checked online by following these steps: 1) Go to the official website of Maashitla Securities via the URL — 2) Select '3B Films Limited' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN), or Demat Account Number. 5) Then, click on the 'Submit' button. Your share application status will appear on your screen. The allotment status can also be checked on the BSE's website through this direct link — According to market observers, the current grey market premium (GMP) of 3B Films Ltd is zero, indicating flat or negative listing. The shares of 3B Films Ltd are scheduled to be listed on the BSE's SME platform on June 6, 2025. 3B Films IPO Price The price of the IPO was fixed at Rs 50 per share. 3B Films IPO: More Details Gujarat-based 3B Films manufactures and supplies cast polypropylene (CPP) and cast polyethylene (CPE) films. The company is planning to raise Rs 33.75 crore through a fresh issue of 3.54 million equity shares and an offer-for-sale (OFS) of 3.19 million shares. According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use Rs 4.43 crore for capital expenditure, Rs 7.15 crore for working capital requirements and Rs 4.43 crore for general corporate purposes. Maashitla Securities is the registrar of the issue. Nirbhay Capital Services is the sole book-running lead manager for the issue.
News18
30-05-2025
- Business
- News18
Prostarm Info Systems IPO Allotment Today: Here're Steps To Check Status Online, Latest GMP Update
Last Updated: Prostarm Info Systems IPO allotment is expected today, May 29. The IPO was subscribed 96.68 times. Shares will list on June 3, 2025. Check status on BSE, NSE, Kfin. Prostarm Info Systems IPO Allotment Status: The allotment of the Prostarm Info Systems IPO is expected to be finalised today, Friday, May 29. Investors would start receiving bank debit messages, probably in the evening, once the allotment is finalised. They can also check the allotment status on the websites of the National Stock Exchange (NSE), the BSE, and registrar Kfin Technologies Ltd's portal. The initial public offering of Prostarm Info Systems Ltd was open for bidding between May 27 and May 29. It received an overwhelming 96.68 times subscription on the last day of bidding, with a bidding of 1,08,27,61,360 shares as against the 1,12,00,000 shares on offer. The retail and NII participation stood at 39.48 times and 222.13 times, respectively. Its qualified institutional buyer (QIB) category got a 102.67 times subscription, according to data from exchanges. How To Check Prostarm Info Systems IPO Allotment Status? A Step-By-Step Guide Investors can check their allotment status online. The IPO allotment status can be checked online by following these steps: advetisement 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Prostarm Info Systems Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. The allotment status can also be checked on the NSE's website at You can also visit directly on the registrar Kfin Technologies' portal — and check the Prostarm Info Systems IPO allotment status. Prostarm Info Systems IPO GMP Today According to market observers, unlisted shares of Prostarm Info Systems Ltd are currently trading at Rs 125 apiece in the grey market, which is a 19.05 per cent premium or GMP over the IPO price of Rs 105. It indicates decent listing gains for investors. Prostarm Info Systems IPO Listing Date The shares of Prostarm Info Systems Ltd are scheduled to be listed on both BSE and NSE on Tuesday, June 3, 2025. Prostarm Info Systems IPO: Size, Fund Utility & Objective The mainboard IPO has a fresh issue of 1.6 crore equity shares, and the price band for the offer was fixed in the range of Rs 95-105 per share. Prostarm Info Systems aimed to raise Rs 168 crore through the public issue. The company intends to utilise Rs 72.50 crore of the total IPO proceeds towards funding capital requirements of the company, Rs 17.95 crore for payment of debt, and the remaining capital will be used for achieving inorganic growth through unidentified acquisitions and other strategic initiatives as well as for general corporate purposes. Choice Capital Advisors is the book-running lead manager, and Kfin Technologies Ltd is the registrar to the offer. About Prostarm Info Systems Advertisement The company is an integrated power solution provider, especially in UPS system lithium-ion battery pack and third-party power solution products, among others. It caters to a range of industries, including healthcare, aviation, research, BFSI, railways, defence, security, education, renewable energy, information technology and oil & gas. top videos View All It manufactures several power solution products under the Prostarm brand, such as UPS systems, inverter systems, lift inverter systems, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers, and isolation transformers. Prostarm Info Systems operates three manufacturing facilities in Maharashtra. The company catered to more than 700 clients during FY24, including Larsen & Toubro Ltd, Tata Power Co. Ltd and Bajaj Finance Ltd. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: May 30, 2025, 07:05 IST News business » ipo Prostarm Info Systems IPO Allotment Today: Here're Steps To Check Status Online, Latest GMP Update
Time of India
28-05-2025
- Business
- Time of India
Aadhaar-based verification to be optional for document registration under proposed bill
NEW DELHI: A new draft bill that seeks to enable online registration of land documents and other transactions provisions alternate verification mechanism for those who do not have or do not wish to use their Aadhaar, according to its content. The bill replaces the 117-year-old Registration Act, 1908. The draft bill prepared by the Department of Land Resources , Ministry of Rural Development, which has been placed for public feedback, introduces provisions to support online registration, electronic presentation and admission of documents, issuance of electronic registration certificates, and digital maintenance of records. It allows Aadhaar-based authentication with informed consent, but also alternative verification mechanisms for the people who do not possess Aadhaar or choose not to use it. The bill also enables electronic integration with other record-keeping systems. Under the Registration Act, documents related to immovable property, like sale deeds, gift deeds, mortgage deeds, and leases, are required to be registered. Wills, powers of attorney, and other court decrees and orders related to property rights are also subject to registration. The draft Bill expands the scope of compulsory registration to reflect contemporary property and transaction practices, and expands the list of documents required, according to the government officials. It also modernises the organisational structure of the registration system with a more responsive hierarchy, including the introduction of additional and assistant inspectors general of registration. The draft bill lays down the procedure for appointment of the inspectors general of registration, registrars, and sub-registrars, streamlines the appointment process for registrars in case of vacancies, and vests rule-making authority with the appropriate government to ensure alignment with the local governance. It promotes plain language drafting, digital enablement, and transparent procedures to make the registration process more accessible, especially for individual citizens and small businesses, officials said. While the present law requires that documents be presented at the registration office, the new draft bill says these documents can be presented "in person or through electronic means." The current law requires people registering documents to affix a passport-size photograph and fingerprints to the document. Under the new draft bill, an individual will have to affix in the document their signature, passport-size colour photograph or get photographed by a digital camera and thumb impression, either manually or through a biometric device, submit the Permanent Account Number (PAN). The bill provides that a person presenting any document for registration may affix physical signatures, electronic signatures under the Information Technology Act, 2000, or such other forms of signatures (whether physical or digital) as may be prescribed. It also says that every person presenting any document may undergo consent-based Aadhaar authentication, or offline verification or consent-based verification through officially valid documents or equivalent e-documents under applicable law. No person will be refused registration for not having an Aadhaar number, the draft bill says. In public interest and to prevent fraud, the government may require persons executing such documents notified through electronic means to physically appear before the registering officer, before issuing the registration certificate, the draft bill said. It also defines conditions in which the registration may be denied, and provides a mechanism for appealing against the denial of registration. The draft bill has the provision that allows the registration offices to have "other infrastructure" necessary to facilitate registration such as computers, scanners, and cloud storage.
Mint
28-05-2025
- Business
- Mint
Bill on documents registration proposes Aadhaar-based authentication with ‘consent', alternate verification methods
New Delhi: A new draft bill that seeks to enable online registration of land documents and other transactions provisions alternate verification mechanism for those who do not have or do not wish to use their Aadhaar, according to its content. The bill replaces the 117-year-old Registration Act, 1908. The draft bill prepared by the Department of Land Resources, Ministry of Rural Development, which has been placed for public feedback, introduces provisions to support online registration, electronic presentation and admission of documents, issuance of electronic registration certificates, and digital maintenance of records. It allows Aadhaar-based authentication with informed consent, but also alternative verification mechanisms for the people who do not possess Aadhaar or choose not to use it. The bill also enables electronic integration with other record-keeping systems. Under the Registration Act, documents related to immovable property, like sale deeds, gift deeds, mortgage deeds, and leases, are required to be registered. Wills, powers of attorney, and other court decrees and orders related to property rights are also subject to registration. The draft Bill expands the scope of compulsory registration to reflect contemporary property and transaction practices, and expands the list of documents required, according to the government officials. It also modernises the organisational structure of the registration system with a more responsive hierarchy, including the introduction of additional and assistant inspectors general of registration. The draft bill lays down the procedure for appointment of the inspectors general of registration, registrars, and sub-registrars, streamlines the appointment process for registrars in case of vacancies, and vests rule-making authority with the appropriate government to ensure alignment with the local governance. It promotes plain language drafting, digital enablement, and transparent procedures to make the registration process more accessible, especially for individual citizens and small businesses, officials said. While the present law requires that documents be presented at the registration office, the new draft bill says these documents can be presented "in person or through electronic means." The current law requires people registering documents to affix a passport-size photograph and fingerprints to the document. Under the new draft bill, an individual will have to affix in the document their signature, passport-size colour photograph or get photographed by a digital camera and thumb impression, either manually or through a biometric device, submit the Permanent Account Number (PAN). The bill provides that a person presenting any document for registration may affix physical signatures, electronic signatures under the Information Technology Act, 2000, or such other forms of signatures (whether physical or digital) as may be prescribed. It also says that every person presenting any document may undergo consent-based Aadhaar authentication, or offline verification or consent-based verification through officially valid documents or equivalent e-documents under applicable law. No person will be refused registration for not having an Aadhaar number, the draft bill says. In public interest and to prevent fraud, the government may require persons executing such documents notified through electronic means to physically appear before the registering officer, before issuing the registration certificate, the draft bill said. It also defines conditions in which the registration may be denied, and provides a mechanism for appealing against the denial of registration. The draft bill has the provision that allows the registration offices to have "other infrastructure" necessary to facilitate registration such as computers, scanners, and cloud storage.
