Streamlining the Process of Public Issue of Equity Shares and convertibles-Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount

Streamlining the Process of Public Issue of Equity Shares and convertibles-Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount https://www.taxtmi.com/circulars?id=62021 Phase II mandates UPI with ASBA for retail investor applications through intermediaries, discontinuing the prior intermediary-to-SCSB blocking channel; only applications through SCSBs and mobile apps listed on SEBI's website using the correct UPI handle are permissible, and applications using non-listed banks, apps or incorrect handles may be rejected. Alternatives remain for investors whose banks are not live on UPI, and participants must follow SEBI's FAQs and compliance steps. en-us Fri, 26 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 17:48:00 +0530 TaxTMI RSS Generator Streamlining the Process of Public Issue of Equity Shares and convertibles-Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount https://www.taxtmi.com/circulars?id=62021 Phase II mandates UPI with ASBA for retail investor applications through intermediaries, discontinuing the prior intermediary-to-SCSB blocking channel; only applications through SCSBs and mobile apps listed on SEBI's website using the correct UPI handle are permissible, and applications using non-listed banks, apps or incorrect handles may be rejected. Alternatives remain for investors whose banks are not live on UPI, and participants must follow SEBI's FAQs and compliance steps. Circulars SEBI Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62021