The Securities and Exchange Board of India (SEBI) said in a circular that the new provision would be applicable to public issues of debt securities opened on or after May 1, 2022. Under the existing SEBI norms, investors get the option to invest up to Rs 2 lakh in issue of debt securities through the UPI system.
Markets regulator SEBI has increased the limit of payment through the UPI system to Rs 5 lakh for retail investors buying debt securities in public issues. Till now this limit was two lakhs.
The Securities and Exchange Board of India (SEBI) said in a circular on Tuesday that the new provision would be applicable to public issues of debt securities opened on or after May 1, 2022. Under the existing SEBI norms, investors get the option to invest up to Rs 2 lakh in issue of debt securities through the UPI system. After the change, this investment limit will increase to five lakhs.
New changes will bring uniformity in provisions
SEBI has decided to increase the investment limit from UPI from Rs 2 lakh to Rs 5 lakh for uniformity in provisions based on discussions with participants. Instant Payment System UPI has been developed by National Payment Corporation of India (NPCI). With the help of this, a person can transfer money to another person’s account instantly.
SEBI to auction 46 properties of two companies
SEBI will auction 46 properties of Royal Twinkle Star Club and Citrus Check Ins on April 6. The reserve price has been kept at Rs 97 crore. SEBI has taken this step to recover thousands of crores raised by these companies. SEBI said on Tuesday, the auction will run from 11 am to 1 pm on April 6, 2022. The properties to be auctioned include office premises, residential flats, land along with shops located in Maharashtra, Gujarat, Daman & Dadra and Nagar Haveli.
Government will spend 2500 crores on natural farming
The Ministry of Agriculture is preparing to bring a new scheme to promote natural farming in the country. About Rs 2,500 crore will be spent on this scheme. The official said, the scheme will be put up for cabinet approval soon. In December last year, the Prime Minister had said, there is a need to explore alternatives to fertilizer and pesticide based farming.