https://www.taxtmi.com/circulars?id=65678 An additional Unified Payments Interface (UPI) mechanism allows retail investors to apply in REIT public issues by blocking funds via a bank-account-linked UPI ID: stock exchanges validate PAN and Demat details with depositories in near real time, sponsor banks initiate UPI mandate requests which investors authorize in their UPI apps to block funds, and sponsor banks relay block-status to stock exchanges and the Registrar for reconciliation; registrars undertake allotment, trigger debits and unblocking post-allotment, and issuers, intermediaries and collecting banks have specified operational, disclosure and coordination obligations to meet prescribed timelines for listing and trading. en-us Fri, 24 Jun 2022 00:00:00 +0530 Fri, 24 Jun 2022 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65678 An additional Unified Payments Interface (UPI) mechanism allows retail investors to apply in REIT public issues by blocking funds via a bank-account-linked UPI ID: stock exchanges validate PAN and Demat details with depositories in near real time, sponsor banks initiate UPI mandate requests which investors authorize in their UPI apps to block funds, and sponsor banks relay block-status to stock exchanges and the Registrar for reconciliation; registrars undertake allotment, trigger debits and unblocking post-allotment, and issuers, intermediaries and collecting banks have specified operational, disclosure and coordination obligations to meet prescribed timelines for listing and trading. Circulars SEBI Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65678