UPI mandatory for retail applications through intermediaries in public issues; requires bank account linked UPI ID for fund blocking. Individual investors applying through intermediaries in public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities and securitised debt instruments must use UPI for blocking of funds and provide their bank account-linked UPI ID in the bid cum application form for applications within the retail threshold; alternative channels (SCSBs and stock exchange platform) remain available and the mandate applies to issues opening on or after the stated commencement 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 mandatory for retail applications through intermediaries in public issues; requires bank account linked UPI ID for fund blocking.
Individual investors applying through intermediaries in public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities and securitised debt instruments must use UPI for blocking of funds and provide their bank account-linked UPI ID in the bid cum application form for applications within the retail threshold; alternative channels (SCSBs and stock exchange platform) remain available and the mandate applies to issues opening on or after the stated commencement date.
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