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| << February23, 2006 - Online Applications to DGFT |
February27, 2006 - Railway Budget 2006-07 Highlights >> |
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SEBI has vide circular no SEBI/CFD/DIL/DIP/18/2006/1 amended the SEBI (DIP) Guidelines, 2000 for ensuring ECS refunds in 15 centres. Details are available in my earlier post / newsletter on this subject. DP's are now required to update the MICR code and other bank details of the applicants in their databases to ensure proper refunds through ECS mode. In view of this, the two depositories (NSDL and CDSL) are required to instruct DP's to comply with this requirement. At the same time the DP's are required to suitably amend their bye-laws, rules and regulations for smooth implementation. DP's are also required to communicate to SEBI the implementation status in the Monthly Development Report. Full Text of this circular is available here. |
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February27, 2006 - Railway Budget 2006-07 Highlights >> |
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