In a move which could improve the fund flow and provide some stability to the choppy Indian bourses, the finance ministry has relaxed norms for foreign nationals and foreign institutional investors (FIIs) to obtain Permanent Account Numbers (PAN) that could also double as KYC (know your customer) compliance for any investment they make in Indian stocks.
http://economictimes.indiatimes.com/news/nri/nri-investments/easier-pan-norms-for-fiis-foreign-nationals/articleshow/9918337.cms
