SEBI streamlines processing of ASBA applications made via UPI process; directs banks to send SMS alerts to applicants

In order to streamline the processing of ASBA applications made through UPI process , the SEBI has decided that the Self Certified Syndicate Banks (SCSBs) /UPI Apps eligible for Public Issues shall 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.In order to streamline the processing of ASBA applications made through UPI process , the SEBI has decided that the Self Certified Syndicate Banks (SCSBs) /UPI Apps eligible for Public Issues shall 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.taxmann.com Latest Statutory HappeningsRead More

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