– Sebi mulls allowing only electronic mode for payment of dividend, interest

[ad_1]

Markets regulator Sebi on Friday proposed that listed entities ought to make all funds, resembling dividends, pursuits and redemptions, by digital mode solely. The proposal is aimed toward streamlining cost processes and improve safety, comfort and effectivity for all traders.Present Sebi’s LODR (Itemizing Obligations and Disclosure Necessities) guidelines permits digital funds however permits cheques or warrants if digital transfers fail, particularly for quantities over Rs 1,500.

[ad_2]

Source link