Pan for educational institution

Querist : Anonymous (Querist) 17 August 2022 This query is : Resolved
Is PAN mandatory for the running account of an educational institution? Can bank block the account without PAN ?

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This discussion clarifies whether a Permanent Account Number (PAN) is compulsory for educational institutions, particularly for their running bank accounts. It confirms that a PAN is indeed mandatory for educational societies after their registration. The content also addresses concerns about banks potentially blocking accounts due to a missing PAN, implying it's a procedural requirement rather than a legal dispute.

kavksatyanarayana (Expert) 17 August 2022
What is your problem? No legal issues are involved in your query. Pan is compulsory for an educational society. After registration of the society, you have to apply for pan NO.

P. Venu (Expert) 18 August 2022
What is the context for this query?

Dr J C Vashista (Expert) 19 August 2022
It is procedural query where no legal issue is involved for consideration and obligation.

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