requirement of pan

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When a state government converts an engineering college into a university through an Act, it becomes a body corporate. This change in legal status generally necessitates obtaining a separate PAN (Permanent Account Number) for the newly formed university. This is because the university now operates as a distinct legal entity.

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(Querist)
28 May 2020 A society has its own pan and running a engineering college ,now state govt has converted the college into a university by passing an university Act.whether separate pan is required for university which is now a body corporate with perpetual succession and common seal.
with thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 May 2020 Yes, separate PAN is required as now it's a body corporate.
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prasanna sahoo

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prasanna sahoo (Querist)
28 May 2020 Thank you sir for valued guidance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 May 2020 Welcome................
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