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TMI BlogRevision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial PaperX X X X Extracts X X X X X X X X Extracts X X X X ..... ecurities; Recognised Stock Exchanges; Registered Depositories; Registered Credit Rating Agencies, Debenture Trustees, Depository Participants, Stock Brokers, Merchant Bankers, Registrars to an Issue and Share Transfer Agents, Bankers to an Issue; Sponsor Banks; Self-Certified Syndicate Banks; and National Payments Corporation of India (NPCI) Madam/ Sir, Sub: Revision to O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er 09, 2021, inter alia, has enhanced the per transaction limit in UPI from ₹ 2 lakh to ₹ 5 lakh for UPI based Application Supported by Blocked Amount (ASBA) Initial Public Offer (IPO). 4. In view of the above, based on discussions with market participants, in order to bring about uniformity in the requirements and for ease of investment for investors, it has been decided to increas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if the application value is ₹ 5 lakh or less. The intermediary shall upload the bid on the stock exchange bidding platform. The application amount would be blocked through the UPI mechanism in this case. Paragraph 5.3 shall stand modified as follows: Sponsor Bank means a Banker to the Issue registered with SEBI which is appointed by the Issuer to act as a conduit between the stoc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d of India Act, 1992 read with Regulation 55 (1) of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021 to protect the interest of investors in securities and to promote the development of, and to regulate the securities market. 8. This Circular is available at www.sebi.gov.in under the link Legal Circulars . Yours faithfully, Pradeep Ramakrishnan Ge ..... X X X X Extracts X X X X X X X X Extracts X X X X
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