Ref. LIST/COMP/73/2020-21
Dear Sir\Madam,
Securities and Exchange Board of India (SEBI) has issued circular No. SEBI/HO/CFD/DIL1/CIR /238/2020 dated December 8, 2020, regarding additional Payment Mechanism (i.e. ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity.
It has been decided to introduce additional payment mechanism (i.e. ASBA, etc) for making subscription and/or payment of calls in respect of partly paid specified securities through SCSBs and intermediaries such as Trading Members/ Brokers - having three in one type account and Registrar and Transfer agents (RTA).
Period of subscription: The payment period for payment of balance money in Calls shall be kept open for fifteen days
Disclosures in the Letter of Offer: The intermediaries including the issuer company and its RTA shall provide necessary guidance to the specified security holders in use of ASBA mechanism while making payment of calls.
This circular shall be applicable for all Call Money Notice wherein the payment period opens on or after January 01, 2021.
The aforesaid circular is attached for reference.
Listed Companies are requested to take note and comply accordingly.
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Ashok Kumar Singh
Assistant General Manager
Listing Compliance
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Nisha Mehta
Manager
Listing Compliance
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December 8, 2020
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