SEBI through circular dated March 8, 2022, provides revision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper.
NPCI vide circular reference no. NPCI/UPI/OC No. 127/ 2021-22 dated December 09, 2021, inter alia, has enhanced the per transaction limit in Unified Payments Interface ( UPI ) from Rs. 2 lakh to Rs. 5 lakh for UPI based Application Supported by Blocked Amount (ASBA) Initial Public Offer(IPO).
In order to bring uniformity in the requirements and for ease of investment for investors, it has been decided to increase the limit for investment through the UPI mechanism to Rs. 5 lakh. Accordingly, the following amendments are being made to Chapters I & II of the said Circular, pertaining to limits of UPI transactions.
The provisions of this circular shall be applicable to public issues of debt securities which will open on or after May 1, 2022.
Link of Circular:
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