Application Supported by Blocked Amount (ASBA) facility in public/ rights issue

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..... his has reference to SEBI Circular No. CIR/CFD/DIL/12/2012 dated September 13, 2012, on the captioned subject. It has been reported that some Banks/Merchant Bankers are misinterpreting the aforesaid circular and the applications by banks have been made / accepted using an account held with the applicant bank itself. 2. In terms of Para 4 of the aforementioned circular dated September 13, 2012, .....

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