Applications Supported by Blocked Amount (ASBA) facility in Rights Issues

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..... rs To All registered Bankers to an Issue To All registered Registrars to issues To All Stock Exchanges Dear Sir/Madam , Sub.: Applications Supported by Blocked Amount (ASBA) facility in Rights Issues 1. SEBI has introduced the facility of making applications through Applications Supported by Blocked Amount process, in book built public issues vide its circular .....

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..... of the company as on record date shall be eligible to apply through ASBA (hereinafter referred as ASBA shareholder ) provided if he/ she/it : is holding shares in dematerialised form and has applied for entitlements and /or additional shares in the issue in dematerialised form; has not renounced his/ her entitlements in full or in part; is not a renouncee to the Issu .....

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..... tock Exchanges, is facilitated to accept rights issue application data from SCSBs. (c) While discharging its duties in the ASBA process in a Rights Issue, the Registrars shall take into consideration the specific provisions/requirements of a Rights issue and give suitable instructions to the SCSBs for transfer of money to the issuer account after satisfying the designated stock exchange about .....

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