Trading Member/ Syndicate Member/ Sub-Syndicate Member/Other Intermediaries and Self Certified Syndicate Banks (SCSBs) are requested to note that SEBI vide its circular dated June 28, 2019 has inter alia informed about the retention of forms by intermediaries as follows:
“Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism, for a period of six months and thereafter forward the same to the issuer/ Registrar to Issue. However, in case of Electronic forms, “printouts” of such applications need not be retained or sent to the issuer. Intermediaries shall, at all times, maintain the electronic records relating to such forms for a minimum period of three years.”
Trading Member/ Syndicate Member/ Sub-Syndicate Member/Other Intermediaries and Self Certified Syndicate Banks (SCSBs) are advised for compliance with the aforementioned provision of SEBI Circular dated June 28, 2019.
A copy of the SEBI Circular dated Jun 28, 2019 is attached as Annexure I for ready reference.
You may contact us for any further details on the following email Ids:
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Activities
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Email ID
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Regulations & Business Rules
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listing.sales@bseindia.com
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Functionality of Public Issue module -IBBS
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ibbs.ops@bseindia.com
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Sandeep Pujari Mangesh Tayde
DGM- Trading Operations AGM- Listing Sales & CRD
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