Revision of UPI limits in Public Issue of Equity Shares and convertibles

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Revision of UPI limits in Public Issue of Equity Shares and convertibles

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.... Registered Bankers to an Issue Self Certified Syndicate Banks (SCSBs) National Payments Corporation of India (NPCI) Dear Sir / Madam, Sub: Revision of UPI limits in Public Issue of Equity Shares and convertibles 1. SEBI vide Circular SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 01, 2018 introduced the use of Unified Payment Interface as an additional payment mechanism with Application Supp....

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....stem changes and have complied with the NPCI provisions. 4. Accordingly, it has been decided that all Individual Investors applying in Public Issues where the application amount is upto 5 Lakhs shall use UPI and shall also provide their UPI ID in the bid-cum-application form submitted with any of the entities mentioned herein below: i. a syndicate member ii. a stock broker registered with a r....

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Revision of UPI limits in Public Issue of Equity Shares and convertibles