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Yes, it is mandatory for every company registered or incorporated in India to have a PAN card. It helps in income tax filing, TDS compliance, banking, and other statutory requirements.
Indian companies are obliged to use Form 49A, and foreign companies must use Form 49AA, as it is applicable to foreign companies and entities operating in India.
Key documents include the incorporation certificate, Memorandum and Articles of Association, registered office address proof, and identity proof of the authorized signatory.
Once the application is submitted with the right documents, the company PAN is generally issued within 7 to 15 working days.
Yes, a PAN card is needed even if the company is owned or promoted by NRIs.