Stay updated with breaking news from Blocked Amount. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Learn about share market investments, having adequate knowledge of how to invest in the stock market will reduce the risk of losing money. Read More on Share Market investment with India Infoline.
The new payment mechanism, which is under consideration of SEBI would minimise the exposure of investor money to scams and siphoning off
The new framework, aimed at further streamlining the process, will be applicable to public issue of units of Infrastructure Investment Trust (InvIT) and real estate investment trust (REIT), which opens from August 1, the Securities and Exchange Board of India (Sebi) said in two separate circulars.
SEBI has decided to reduce the time taken for allotment and listing of units of privately placed InvIT after the closure of the issue to six working days as against the present requirement of 30 working days.
The ASBA applications in public Issues shall be processed only after the application monies are blocked in the investor's bank accounts, markets regulator announced on Monday.