SEBI has vide circular no SEBI/CFD/DIL/DIP/18/2006/1 amended the SEBI (DIP) Guidelines, 2000 for ensuring ECS refunds in 15 centres. Details are available in my earlier post / newsletter on this subject. DP’s are now required to update the MICR code and other bank details of the applicants in their databases to ensure proper refunds through … Continue reading Use of ECS for Refunds – Database Updation