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    <title>Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days</title>
    <link>https://www.taxtmi.com/circulars?id=66710</link>
    <description>The circular mandates reduction of the listing timeline for specified securities in public issues to T+3 days, prescribing detailed cut-offs and sequencing for application submission, bid validation, UPI mandate reconciliation, finalisation of allotment, fund transfer/unblocking, corporate action for share credit, listing application filing and trading commencement. It requires disclosure of the T+3 timeline in offer documents and advertisements, SCSB PAN matching before ASBA blocking, registrar third party PAN verification with invalidation for mismatches, operational lock in per ICDR and depository SOPs, and recalculation of compensation for delayed unblocking from T+3; applicability includes voluntary and mandatory adoption windows.</description>
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    <pubDate>Wed, 09 Aug 2023 00:00:00 +0530</pubDate>
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      <title>Reduction of timeline for listing of shares in Public Issue from existing T+6 days to T+3 days</title>
      <link>https://www.taxtmi.com/circulars?id=66710</link>
      <description>The circular mandates reduction of the listing timeline for specified securities in public issues to T+3 days, prescribing detailed cut-offs and sequencing for application submission, bid validation, UPI mandate reconciliation, finalisation of allotment, fund transfer/unblocking, corporate action for share credit, listing application filing and trading commencement. It requires disclosure of the T+3 timeline in offer documents and advertisements, SCSB PAN matching before ASBA blocking, registrar third party PAN verification with invalidation for mismatches, operational lock in per ICDR and depository SOPs, and recalculation of compensation for delayed unblocking from T+3; applicability includes voluntary and mandatory adoption windows.</description>
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      <pubDate>Wed, 09 Aug 2023 00:00:00 +0530</pubDate>
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