Use of Electronic Clearing System (ECS) for refund in public issues - Instructions for updation of MICR code for refunds through ECS

Use of Electronic Clearing System (ECS) for refund in public issues - Instructions for updation of MICR code for refunds through ECS https://www.taxtmi.com/circulars?id=59450 Use of the Electronic Clearing System for refunds requires depository participants to update applicants' MICR codes and other bank details in depository databases on a real-time basis to prevent failed or incorrect ECS credits; depositories must issue instructions to DPs, amend bye-laws as necessary, and report implementation status to the regulator. en-us Tue, 21 Feb 2006 00:00:00 +0530 Tue, 05 Feb 2019 13:11:00 +0530 TaxTMI RSS Generator Use of Electronic Clearing System (ECS) for refund in public issues - Instructions for updation of MICR code for refunds through ECS https://www.taxtmi.com/circulars?id=59450 Use of the Electronic Clearing System for refunds requires depository participants to update applicants' MICR codes and other bank details in depository databases on a real-time basis to prevent failed or incorrect ECS credits; depositories must issue instructions to DPs, amend bye-laws as necessary, and report implementation status to the regulator. Circulars SEBI Tue, 21 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59450