Clarification Circular on Streamlining the Process of Public Issue of Equity Shares and Convertibles

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....xchanges Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents Registered Depository Participants Registered Bankers to an Issue Dear Sir / Madam, Sub.: Clarification Circular on Streamlining the Process of Public Issue of Equity Shares and Convertibles 1. SEBI vide Circular no. CIR/CFD/POLICYCELL/11....

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....changes, depository participants (DPs) and registrars to an issue and share transfer agents (RTAs) registered with SEBI, may also forward the physical application forms received by them on day-to-day basis during the bidding period to designated branches of the respective self certified syndicate banks (SCSBs) for blocking of funds. Such applications should be with value not more than Rs. 2 lakh a....

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....may be given by T+5 day so that basis of allotment is published in all the newspapers, where issue opening/closing advertisements have appeared earlier, on T+6 before the commencement of trading. 3. All intermediaries are advised to cooperate with each other and take necessary steps to ensure compliance with this circular. 4. This circular shall be applicable with immediate effect. 5. Thi....