Latest News on Alternative Payment Mechanism
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Nov 01, 2018
SEBI to introduce alternative payment mechanism for retail IPO investors from January; move will cut listing timeAs a part of the continuing efforts to further streamline the process, SEBI has decided, in consultation with the stakeholders to introduce the use of UPI as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail investors through intermediaries.