SEBI on July 07, 2023 has issued the revised Master Circular for issue and listing of Non-convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper. As per the circular Stock exchanges shall provide a platform for making applications through:
- Intermediaries; and
- App based/ web interface applications from investors with UPI mode for blocking the mode for application value up to Rs.5 lakh.
The stock exchanges shall be responsible for:
- Accurate, timely and secured transmission of the electronic application file uploaded by all participants on the online platform, to the Registrar; and
- Disseminating the issue information on the stock exchange website on a periodic basis across all categories.