https://www.taxtmi.com/circulars?id=58327 Issuers must offer online stock-exchange subscriptions with integrated payment gateways or alternative ASBA and collecting-bank routes; online applications are limited to dematerialised investors, require DP/BO and PAN validation for KYC, generate unique acknowledgements, route all collections to a single escrow account, and enable cancellation prior to allotment. Registrars reconcile exchange application data with payments, treat unpaid applications as invalid, allot on date-time priority, credit demat accounts or dispatch physical certificates subject to KYC, and process refunds to applicants' bank accounts. en-us Fri, 27 Jul 2012 00:00:00 +0530 Sat, 15 Dec 2018 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58327 Issuers must offer online stock-exchange subscriptions with integrated payment gateways or alternative ASBA and collecting-bank routes; online applications are limited to dematerialised investors, require DP/BO and PAN validation for KYC, generate unique acknowledgements, route all collections to a single escrow account, and enable cancellation prior to allotment. Registrars reconcile exchange application data with payments, treat unpaid applications as invalid, allot on date-time priority, credit demat accounts or dispatch physical certificates subject to KYC, and process refunds to applicants' bank accounts. Circulars SEBI Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58327