New Rule Share Market: If you also invest money in the share market, then there is big news for you. A big rule is going to change from next month.
New Rule:
There is good news for those who invest in IPO. Now investors will not have to wait much for the listing of shares. Market regulator SEBI has approved to reduce the time limit for listing. Let us know about it in detail.
What was the first rule and what is the new rule?
According to the new rules, the period of listing of shares has been reduced from T+6 days. It has been reduced to T plus 3 days. This means that the stock listing will be done within 3 days of the closure of the issue. It has been approved to reduce the time limit for listing of securities from the existing T+6 i.e. 6 business days from the close of the public issue to T+3 i.e. 3 business days from the close of the public issue. Here T is the date of closure of a public issue.
New rule date
The new listing timeline will be optional for all public issues from next month i.e. 1st September. At the same time, from the month of December, everyone will have to compulsorily follow this deadline.
How will investors benefit from this?
- By reducing the time limit for the listing of the issue, the investors will get to know in less time whether they have been allotted shares or not.
- Along with this, their money will be blocked in the account only for a limited time.
- If shares are not allotted to an investor, then the money will be returned to his account within 3 days.
What did SEBI say?
In this context, the market regulator said in a statement that this decision has been taken after knowing the views of all parties and stakeholders on the consultation paper issued in this matter.
