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NOTICES
Notice No.   20151109-1   Notice Date   09 Nov 2015
Category   Others   Segment   General
Subject   Streamline of the Public Issue Process - For investor awareness
 
Content

 

Trading Members are hereby informed that Securities and Exchange Board of India (SEBI) has approved the proposal of streamlining the Public Issue Process whereby Application Supported by Blocked Amount (ASBA) has made mandatory payment mechanism for all investors including retail individual investors for all public issues opening on or after January 01, 2016.
 
In order to create wider awareness about the same, we have run the following ticker on our BSE website also:-
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
 
In view of the above, Trading members – stock brokers are requested to take note of the above and ensure implementation of the same.
 
 
Gopalkrishnan Iyer                                                                            Hemant Dharap
Sr. General Manager                                                                         Asst. Gen. Manager
Brokers Supervision, Membership Compliance                               Membership Compliance
& Investor Services