Modes of despatch of refunds in public issues

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..... Sub: Modes of despatch of refunds in public issues. 1. SEBI, vide circular no SEBI/CFD/DIL/DIP/18/2006/20/1 dated January 20, 2006 has amended SEBI (DIP) Guidelines, 2000; (hereinafter referred as "the Guidelines"), to provide for various modes of making refunds to the applicants viz ECS (Electronic Clearing Service)/ Direct Credit/ RTGS (Real Time Gross Settlement)/ NEFT (National Electronic Fun .....

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..... efunds shall be credited along with amount and expected date of electronic credit of refunds, as required by Clause 6.13.2.27 (a) (iv)(a). 4. Further, suitable instructions regarding various modes of despatch of refund orders shall be incorporated in the application form, abridged prospectus and the prospectus/letter of offer in consultation with the Lead Manager/s. 5. This circular is available .....

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