On 18-08-2022, SEBI has issued a circular on making the facility of block mechanism mandatory for all Early Pay – In transactions by making amendments in circular no. CIR/HO/MIRSD/DOP/P/CIR/2021/595 dated July 16, 2021.
Earlier, Clause 5 of the circular provided that the proposed facility of block mechanism is on optional basis and Early Pay-in mechanism shall also continue.