Some of the Key Highlights of SEBI discussion paper IPO Timeline.
SEBI wants to reduce IPO timeline
Online real
time
transfer
of funds
then Timeline reduction will be possible
To ease the criteria for fast- track approvals for follow- on public offerings ( FPOs) and rights
SEBI proposes Application supported by Blocked Amount (ASBA) for retail investors which will reduce IPO Timeline and elimination of cheque process.
Considering use mobile technology for making bids
Fast- track approvals for central public sector enterprises (CPSEs) for achieving 25 per cent public float
SEBI wants feedback whether Application supported by Blocked amount (ASBA) mandatory for retail investors.
Practising Company Secretary
Chennai
Mobile 93810 11200
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LET US SUPPORT COMPANY SECRETARY BENEVOLENT FUND FOR COMMON CAUSE
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