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    <title>Modes of despatch of refunds in public issues</title>
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    <description>SEBI amended the DIP Guidelines to allow refunds by ECS, Direct Credit, RTGS and NEFT; applicants in specified RBI clearing house centres will receive refunds by ECS unless eligible for Direct Credit or RTGS. Registered bankers must coordinate with registrars to ensure electronic refund files are transmitted to the clearing system within the time prescribed in Clause 6.13.2.26 of the Guidelines.</description>
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