Introducing the βIn Favour Ofβ filter in Case Laws.
- βοΈ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>SEBI Extends Phase II UPI-ASBA Implementation Deadline to March 31, 2020 for Smoother Public Issue Transitions.</h1> The Securities and Exchange Board of India (SEBI) has extended the implementation timeline for Phase II of the Unified Payments Interface (UPI) with Application Supported by Blocked Amount (ASBA) until March 31, 2020. This extension aims to facilitate a smoother transition for stakeholders involved in public issues of equity shares and convertibles. The UPI mechanism, which replaces the physical movement of forms for retail investors, has seen increased acceptance. SEBI, in consultation with the National Payments Corporation of India and other intermediaries, has adjusted timelines and procedures to enhance operational efficiency. The circular modifies previous guidelines and outlines responsibilities for compliance.