Alerts & Updates 22nd Apr 2019

SEBI Update : Implementat ion of Unified Payments Inter face (UPI ) in public issues

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The Securities and Exchange Board of India (“SEBI”) vide circular no.SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018 introduced the use of Unified Payments Interface (“UPI”) as a payment mechanism for Application Supported by Block Amount (“ASBA”) for applications in public issues by retail individual investors through intermediaries.

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