Clarification with regard to usage of 3 – in – 1 type accounts for making application in public issue of securities
Summary
This circular clarifies that investors may continue to use 3-in-1 type accounts for submitting bids in public issues of specific debt securities. It explicitly permits this mode of application despite other provisions, ensuring continuity with existing practices. The clarification is issued under the powers conferred by Section 11(1) of the SEBI Act and relevant listing regulations.
Text
investors may continue to submit the bid-cum application form online using the facility of linked online trading, demat and bank account (3-in-1 type accounts)
Source: SecMarx — Clarification with regard to usage of 3 – in – 1 type accounts for making application in public issue of securities. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.