 "sebi")
Amid the prevailing situation due to coronavirus pandemic, markets regulator Sebi on Monday decided to continue with the current phase of Unified Payments Interface (UPI) mechanism facility for retail investors applying for shares in public issue, till further notice.
In November 2019, the timeline for implementation of Phase II of UPI with Application Supported by Blocked Amount (ABSA) was extended till March 31, 2020.
The decision to continue with the second phase came after representations were made to Sebi by various stakeholders amid prevailing uncertainty due to the COVID-19 pandemic.
"It has been stated that the systems and processes for achieving Phase III
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