Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Circular Requires Listed Companies to Use RBI-Approved Electronic Payment Modes for Investor Cash Payments.</h1> The circular mandates companies with listed securities to use RBI-approved electronic payment modes, such as ECS, NEFT, and RTGS, for cash payments to investors. Companies must maintain accurate bank details for investors holding securities in both demat and physical form. If electronic payment details are unavailable or transactions fail, physical payment instruments may be used, with mandatory printing of bank account details. Stock exchanges must inform listed companies, and depositories must provide updated bank details. This circular supersedes previous guidelines and is issued under the SEBI Act to protect investors and regulate the securities market.
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