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Quick Overview on G20 - 2023 India

  The 2023 G20 summit was held in New Delhi, India, on September 9-10, 2023. The main venue was the Pragati Maidan, a large exhibition complex in central Delhi. The summit was also held at other venues in New Delhi, including the Hyderabad House, the Prime Minister's residence, and the India International Centre. The 2023 G20 summit was attended by the leaders of the 20 member countries of the G20, as well as the leaders of several invited countries, including Argentina, Indonesia, Senegal, South Africa, and Turkey. The summit was also attended by the heads of international organizations, such as the United Nations, the World Bank, and the International Monetary Fund. The G20 Delhi Declaration was the outcome document of the 2023 G20 summit. It was a 38-paragraph document that covered a wide range of issues, including: The global economy and finance: The declaration called for continued efforts to strengthen the global economy and financial system. It also emphasized the importance...
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Streamlining the Process of Public Issue of Equity Shares and convertibles- Implementation of Phase II



Streamlining the Process of Public Issue of Equity Shares and convertibles- Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount
This   refers   to   SEBI   circular   No.   SEBI/HO/CFD/DIL2/CIR/P/2018/138   dated November 1, 2018, vide which SEBI had introduced the use of Unified Payments Interface  (UPI)  as  a  payment  mechanism  with  Application  Supported  by Block Amount  (ASBA)  for  applications  in  public  issues  by  retail  individual investors through intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants),with effect from January 1, 2019. Implementation of the same was to be carried out in a phased manner to ensure gradual transition to UPI with ASBA.
Accordingly,  Phase  II  of  the  aforesaid  Circular  dated  November  01,  2018  has become effective from July 1, 2019.Thereafter,for applications by retail individual investors through intermediaries, the existing process of, investor submitting bid-cum-application form with any intermediary along with bank account details, and movement   of   such   application   forms   from   intermediaries   to   Self-Certified Syndicate  Banks  (SCSBs)  for  blocking  of  funds, has been discontinued  i.e. Channel  III  at  Para  5.1  of  Circular  dated  November  01,  2018 has been discontinued.  For such applications  only  the  UPI  mechanism would  be  the permissible mode i.e. Channel IV at Para 5.1 of the said Circular.

Applications through UPI in IPOs can be made only through the SCSBs / mobile applications (apps) whose name appears on the SEBI website
A list of SCSBs and mobile application, which, as on the date of this Circular, are live for applying in public issues using UPI mechanism is provided at Annexure ‘A’. The said list shall be updated on SEBI website.

https://www.sebi.gov.in/legal/circulars/jul-2019/streamlining-the-process-of-public-issue-of-equity-shares-and-convertibles-implementation-of-phase-ii-of-unified-payments-interface-with-application-supported-by-block-amount_43703.html

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