https://www.taxtmi.com/circulars?id=57912 Direct transfer of shares using the early pay-in mechanism requires shareholders' securities to be moved to the Clearing Corporation prior to bid placement; depositories must supply investor PAN, demat and bank details to the CC. The CC will apply such securities to settlement, return unaccepted shares directly to shareholders, and make direct funds payouts for accepted shares to shareholders' bank accounts, with rejected transfers routed to the seller broker's accounts for onward transfer. en-us Fri, 09 Dec 2016 00:00:00 +0530 Mon, 03 Dec 2018 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57912 Direct transfer of shares using the early pay-in mechanism requires shareholders' securities to be moved to the Clearing Corporation prior to bid placement; depositories must supply investor PAN, demat and bank details to the CC. The CC will apply such securities to settlement, return unaccepted shares directly to shareholders, and make direct funds payouts for accepted shares to shareholders' bank accounts, with rejected transfers routed to the seller broker's accounts for onward transfer. Circulars SEBI Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57912