https://www.taxtmi.com/circulars?id=65677 Introduction of a UPI mechanism for public issues of InvIT units allows investors to block funds via a bank linked UPI ID as an alternative to ASBA for eligible applications. Stock Exchanges and Depositories must validate PAN and Demat details in near real time; validated bids and UPI IDs are sent to a Sponsor Bank which raises one time UPI mandates to block funds. Sponsor Banks, Exchanges and Registrars exchange mandate and block status files for reconciliation, allotment processing, debit/collect requests on allotment, and automatic unblocking or refund where applicable. en-us Fri, 24 Jun 2022 00:00:00 +0530 Fri, 24 Jun 2022 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65677 Introduction of a UPI mechanism for public issues of InvIT units allows investors to block funds via a bank linked UPI ID as an alternative to ASBA for eligible applications. Stock Exchanges and Depositories must validate PAN and Demat details in near real time; validated bids and UPI IDs are sent to a Sponsor Bank which raises one time UPI mandates to block funds. Sponsor Banks, Exchanges and Registrars exchange mandate and block status files for reconciliation, allotment processing, debit/collect requests on allotment, and automatic unblocking or refund where applicable. Circulars SEBI Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65677