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

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..... nd 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/11/2015 dated November 10, 2015, issued operational details to, inter-alia, reduce the time taken for listing after the cl .....

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..... 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 ` 2 lakh and shall be forwarded along with the schedule specified in SEBI Circular dated November 10, 2015. 2.3. Stock exchanges .....

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..... ments 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. This Circular is issued in exercise of the powers conferred under Section 11 and Section 11A of the Securities and Exchange Boa .....

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