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Sebi gives more time for implementation of SMS alerts for IPO process through UPI system

Sebi on Wednesday gave more time for implementation of guidelines pertaining to SMS alerts under the Unified Payment Interface (UPI) system for shares applied and allotted during an IPO. The deadline for putting in place automated web portal with respect to Initial Public Offers (IPOs) through UPI s

SEBI wants rights issue refunds to be fast-tracked - The Hindu BusinessLine

Rights issue: New guidelines put in place on refund of un-allotted, partially allotted applications

Rights issue: New guidelines put in place on refund of un-allotted, partially allotted applications PTI New Delhi | Updated on April 22, 2021 × The refund for un-allotted/partial allotted application has to be completed on or before T+1 day Markets regulator Sebi on Thursday came out with new guidelines pertaining to refund for un-allotted and partially allotted applications for rights issue. The issuer along with lead manager(s), registrar, and other recognized intermediaries shall also ensure the refund for un-allotted/partial allotted application shall be completed on or before T+1 day (T: Basis of allotment day), Sebi said in a circular. Also, they will have to ensure that all data with respect to refund instructions is error-free to avoid any technical rejections, the regulator said.

Public issues: Sebi reduces timelines for refunding investors money

Public issues: Sebi reduces timelines for refunding investors money
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