https://www.taxtmi.com/circulars?id=64726 SEBI requires Lead Managers to ensure compliance with prescribed timelines and processes for IPO applications using UPI in ASBA, designates SCSB nodal officers, mandates SCSB SMS alerts and Sponsor Bank portals, and prescribes RTAs/SCSBs reporting and BOA+1 unblocking procedures. Non compliance attracts securities law action and a specified compensation mechanism obliges SCSBs (and Post Issue Lead Managers for delayed redressal) to compensate investors for delayed or erroneous blocking/unblocking, with Lead Managers withholding intermediary payments until confirmations of unblock completion are received. en-us Tue, 16 Mar 2021 00:00:00 +0530 Thu, 26 Feb 2026 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64726 SEBI requires Lead Managers to ensure compliance with prescribed timelines and processes for IPO applications using UPI in ASBA, designates SCSB nodal officers, mandates SCSB SMS alerts and Sponsor Bank portals, and prescribes RTAs/SCSBs reporting and BOA+1 unblocking procedures. Non compliance attracts securities law action and a specified compensation mechanism obliges SCSBs (and Post Issue Lead Managers for delayed redressal) to compensate investors for delayed or erroneous blocking/unblocking, with Lead Managers withholding intermediary payments until confirmations of unblock completion are received. Circulars SEBI Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64726