SEBI has issued a Clarification with regard to usage of 3 –in –1 type accounts for making an application in public issue of securities. SEBI has received feedback that there is a need to explicitly specify the usage of 3-in-1 type accounts for making an application in public issue of debt securities, non-convertible redeemable preference shares, municipal debt securities and securitised debt instruments.
Accordingly, it is clarified that, in addition to existing modes of making an application in public issue of securities Master Circular investors may continue to submit the bid-cum application form online using the facility of linked online trading, demat and bank account (3-in-1 type accounts).
