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    <title>Extending number of centers where refund shall be made through ECS in public/rights issues</title>
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    <description>The circular directs that refunds in public and rights issues shall be made available through ECS at an expanded roster of bank-managed clearing centres, supplementing existing electronic refund modes such as NEFT, RTGS and direct credit. Merchant bankers must include suitable refund instructions for these electronic modes in application forms, abridged prospectuses and prospectuses/letters of offer. The extension is effective immediately and the annexure lists the centres for operational implementation.</description>
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    <pubDate>Fri, 01 Feb 2008 00:00:00 +0530</pubDate>
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      <title>Extending number of centers where refund shall be made through ECS in public/rights issues</title>
      <link>https://www.taxtmi.com/circulars?id=59192</link>
      <description>The circular directs that refunds in public and rights issues shall be made available through ECS at an expanded roster of bank-managed clearing centres, supplementing existing electronic refund modes such as NEFT, RTGS and direct credit. Merchant bankers must include suitable refund instructions for these electronic modes in application forms, abridged prospectuses and prospectuses/letters of offer. The extension is effective immediately and the annexure lists the centres for operational implementation.</description>
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      <pubDate>Fri, 01 Feb 2008 00:00:00 +0530</pubDate>
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