Taxmann's Analysis | SEBI's Game-Changing Move – 'UPI Block Facility' to Transform Secondary Market Trading
About this ebook
The SEBI vide. Circular No. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99, Dated June 23, 2023, has introduced a new process for trading in the secondary market called the UPI block facility. The key amendment includes:
‣ Features of the framework for UPI block facility;
‣ How Settlement Pay-in/Pay-Out would take place;
‣ Dealing in shortages/shortfalls;
‣ Applicability of the amendment.
This article analyses the key amendments issued by SEBI and examines their potential impact on the market.
Ratings and reviews
- Flag inappropriate
- Show review history
- Flag inappropriate
About the author
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in our publications and research platform. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
• The statutory material is obtained only from the authorized and reliable sources
• Keep the readers abreast with the latest developments in the judicial and legislative fields
• Prepare the analytical write-ups on recent, controversial, and contagious issues to help the readers to understand the event and its implications
• Every content published by Taxmann should be complete, accurate and lucid
• All evidence-based statements must be supported with proper reference to Section, Circular No., Notification No., or citations
• The golden rules of grammar, style and consistency are thoroughly followed
• Choose a font and size that's easy to read, and remain consistent across all imprint and digital publications
