Dear Sir\Madam,

It has been decided to reduce the time period after listing for submitting the application to 2 months from the existing period of 4 months as stated in above mentioned circular. The same is subject to the condition that all issue related complaints have been resolved by the merchant banker/ issuer.

In addition to the requirements laid down for processing of NOC applications in the aforementioned circular, the merchant banker shall submit a certificate confirming that all the SCSBs involved in ASBA process have unblocked ASBA accounts. SEBI shall consider application as incomplete if the application is not accompanied by a confirmation by merchant banker that all the accounts in ASBA have been ‘unblocked’.

The aforesaid circular is attached for reference.

All Listed companies are requested to take note and comply accordingly.  

Ashok Kumar Singh Assistant General Manager Listing Compliance

Nisha Mehta  Manager Listing Compliance

July 6, 2021