UPI limit increase requires UPI use and UPI ID submission for eligible retail public-issue applications via specified intermediaries. Revision of Unified Payment Interface (UPI) transaction limit for ASBA payments requires all individual investors whose application amount does not exceed the revised per-transaction cap to use UPI and provide their UPI ID in the bid-cum-application form when applying through a syndicate member, eligible stock broker, eligible depository participant, or eligible registrar to an issue and share transfer agent; the change is operative for public issues opening on or after the stated effective date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
UPI limit increase requires UPI use and UPI ID submission for eligible retail public-issue applications via specified intermediaries.
Revision of Unified Payment Interface (UPI) transaction limit for ASBA payments requires all individual investors whose application amount does not exceed the revised per-transaction cap to use UPI and provide their UPI ID in the bid-cum-application form when applying through a syndicate member, eligible stock broker, eligible depository participant, or eligible registrar to an issue and share transfer agent; the change is operative for public issues opening on or after the stated effective date.
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