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TMI BlogStreamlining the Process of Public Issues and redressal of Investor grievancesX X X X Extracts X X X X X X X X Extracts X X X X ..... and Registered Depository Participants Registered Bankers to an Issue Self Certified Syndicate Banks (SCSBs) National Payments Corporation of India (NPCI) Dear Sir / Madam, Sub: Streamlining the Process of Public Issues and redressal of Investor grievances 1. SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021 (hereinafter referred to as the Marc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... March 21 Circular has been devised to capture the data of all ASBA applications unblocked by SCSBs and their corresponding date of actual unblock. SCSBs shall submit the Annexure IV of the March 21 Circular in the format prescribed in Annexure IV of this circular. 5. It is reiterated that the SCSBs shall continue to compensate the investors for delays in unblocking of application amounts as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall make the application only after (i) unblocking of application amounts for each application received by such SCSB has been fully completed; (ii) applicable compensation relating to investor complaints has been paid by the SCSB. 9. The SCSBs shall continue to be responsible to provide information requested by the Merchant Bankers/ Registrar to the Issue/ Issuer and also remain liable to pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall send SMS Alerts to Investors for all ASBA applications and may also provide the Invoice in the Inbox as an additional feature to verify the UPI mandate details. The SMS/Invoice in the Inbox shall include the details as prescribed in Annexure II. 13. Para 9 of the March 21 Circular and para 3.1 of the circular dated June 02, 2021 shall stand modified to the extent stated above. 14. This ..... X X X X Extracts X X X X X X X X Extracts X X X X
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