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of <h1>SEBI Expands ECS Refund Facility in Public and Rights Issues from 15 to 68 Centers for Improved Securities Transactions.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular extending the facility of refunds through Electronic Clearing Service (ECS) in public and rights issues to 68 centers, up from the initial 15 centers managed by the Reserve Bank of India (RBI). This decision, made in consultation with the RBI, aims to enhance the refund process in securities transactions. The circular mandates compliance with previous instructions from the January 20, 2006 circular and takes effect immediately. The list of the 68 centers is provided in Annexure I of the circular.
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