https://www.taxtmi.com/circulars?id=65428 The circular amends Chapters I and II of the Operational Circular to raise the permissible per-application limit for using the UPI mechanism to block funds for applications in public issues of non-convertible securities and related debt instruments. It modifies application-process provisions, intermediary responsibilities (including Sponsor Bank role) and affirms that UPI-based blocking via app/web interfaces and intermediaries is available for applications within the revised UPI limit. The amendments apply to public issues opening on or after May 1, 2022. en-us Tue, 08 Mar 2022 00:00:00 +0530 Tue, 08 Mar 2022 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65428 The circular amends Chapters I and II of the Operational Circular to raise the permissible per-application limit for using the UPI mechanism to block funds for applications in public issues of non-convertible securities and related debt instruments. It modifies application-process provisions, intermediary responsibilities (including Sponsor Bank role) and affirms that UPI-based blocking via app/web interfaces and intermediaries is available for applications within the revised UPI limit. The amendments apply to public issues opening on or after May 1, 2022. Circulars SEBI Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65428