Press Release

News, Articles, Findoc | April 17
Will SEBI’s Extension Of UPI Mechanism Pose IPO Troubles For Startups?

Source- Inc42.com



The time for implementation of Phase II of Unified Payments Interface (UPI) as an alternative payment option for retail investors to buy shares in IPOs was further extended to the end of the financial year 2020. This new mechanism comes with no additional charges, is secure, and faster than other forms of transfers. 
According to Sumit Kochar, Senior Wealth and Transactions advisor for Findoc Financial Services, implementation of UPI for IPOs as a payment mechanism with ASBA for public issues through intermediaries will streamline the process. Furthermore, it will increase efficiency and oust the call for manual intervention at various stages. Read to know more.
Additionally, if you are looking for assistance and expert advisory in relation to matter pertaining to SEBI, Capital Markets, and Transaction Advisory services, feel free to reach out to him on sumitk@myfindoc.com


img
img
img
img
img
img
img

Important Message The information contained in this file is provided for informational purposes only, and should not be construed as legal advice on any matter. The content and interpretation of the law addressed herein is subject to revision. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this file to the fullest extent permitted by law. Every effort is made to avoid errors. In spite of that, errors and discrepancies may creep in. It is expressly stated that neither Findoc Investmart Private Limited nor any of the contributors of updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore, requested to cross check with the original sources e.g. Government publications, Orders, Judgments etc., before taking any action or making any decision. These services are being provided through our group companies Findoc Capital Mart Pvt Ltd and Findoc Finvest Private Limited

Attention Investors
  • 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  • 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • 3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

Findoc Commodities Pvt. Ltd.

Registered Office :

4th Floor.Kartar Bhawan. Near PAU
Gate No.l. Ferozepur Road, Ludhiana -141001.

FINDOC INVESTMART PVT. LTD./FINDOC FINVEST PVT LTD.

Registered Office :

SCO 210-211, Sector 34-A Chandigarh-160022

Corporate Office :

4th Floor, Kartar Bhawan, Near PAU Gate No.1, Ferozepur Road Ludhiana -141001.