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      Question

      According to the revised SEBI Circular, when are

      employees now required to place their bids for OFS?
      A On T+1 day at the cut-off price of T+1 day Correct Answer Incorrect Answer
      B On T Day at any price Correct Answer Incorrect Answer
      C On T+1 day at the cut-off price of T Day Correct Answer Incorrect Answer
      D On T+2 day at the average price Correct Answer Incorrect Answer
      E On T Day at the market price Correct Answer Incorrect Answer

      Solution

      The updated procedure requires employees to place bids on T+1 day at the cut-off price of T Day, based on feedback and discussions in SEBI's Secondary Market Advisory Committee.

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