Introduction of Unified Payments Interface (UPI) mechanism and Application through Online interface and Streamlining the process of Public issues of securities under - SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (ILDS Regulations), SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 (NCRPS Regulations), SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008 (SDI Regulations) and SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015 (ILDM Regulations) https://www.taxtmi.com/circulars?id=64543 Permits application to public issues of debt, preference and securitised instruments via stock-exchange app/web interfaces and intermediaries with blocking of application funds through the Unified Payments Interface (UPI). Stock exchanges and depositories must validate PAN and demat details in near real time and transmit bid and UPI ID data to a designated Sponsor Bank, which initiates a one-time mandate for investor authorization. Upon mandate acceptance banks block funds and communicate status to Sponsor Bank, stock exchange and registrar; registrar reconciles block confirmations, prepares basis of allotment, and triggers debit/collect and unblocking actions for final settlement and allotment. en-us Mon, 23 Nov 2020 00:00:00 +0530 Mon, 23 Nov 2020 17:07:00 +0530 TaxTMI RSS Generator Introduction of Unified Payments Interface (UPI) mechanism and Application through Online interface and Streamlining the process of Public issues of securities under - SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (ILDS Regulations), SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 (NCRPS Regulations), SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008 (SDI Regulations) and SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015 (ILDM Regulations) https://www.taxtmi.com/circulars?id=64543 Permits application to public issues of debt, preference and securitised instruments via stock-exchange app/web interfaces and intermediaries with blocking of application funds through the Unified Payments Interface (UPI). Stock exchanges and depositories must validate PAN and demat details in near real time and transmit bid and UPI ID data to a designated Sponsor Bank, which initiates a one-time mandate for investor authorization. Upon mandate acceptance banks block funds and communicate status to Sponsor Bank, stock exchange and registrar; registrar reconciles block confirmations, prepares basis of allotment, and triggers debit/collect and unblocking actions for final settlement and allotment. Circulars SEBI Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64543