Listing timeline reduction expedites public issue listing and imposes PAN matching and registrar verification requirements for applicants. The circular mandates reduction of the listing timeline for specified securities in public issues to T+3 days, prescribing detailed cut-offs and sequencing for application submission, bid validation, UPI mandate reconciliation, finalisation of allotment, fund transfer/unblocking, corporate action for share credit, listing application filing and trading commencement. It requires disclosure of the T+3 timeline in offer documents and advertisements, SCSB PAN matching before ASBA blocking, registrar third party PAN verification with invalidation for mismatches, operational lock in per ICDR and depository SOPs, and recalculation of compensation for delayed unblocking from T+3; applicability includes voluntary and mandatory adoption windows.
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.
Listing timeline reduction expedites public issue listing and imposes PAN matching and registrar verification requirements for applicants.
The circular mandates reduction of the listing timeline for specified securities in public issues to T+3 days, prescribing detailed cut-offs and sequencing for application submission, bid validation, UPI mandate reconciliation, finalisation of allotment, fund transfer/unblocking, corporate action for share credit, listing application filing and trading commencement. It requires disclosure of the T+3 timeline in offer documents and advertisements, SCSB PAN matching before ASBA blocking, registrar third party PAN verification with invalidation for mismatches, operational lock in per ICDR and depository SOPs, and recalculation of compensation for delayed unblocking from T+3; applicability includes voluntary and mandatory adoption windows.
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