Additional Payment Mechanism (i.e. ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity

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..... adam, Sub: Additional Payment Mechanism (i.e. ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity 1. SEBI, in its endeavour to protect investors interest and reduce investor grievances relating to refund, introduced Application Supported by Blocked Amount (ASBA) as the sole payment mechanism in the IPO and Rights issues. .....

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..... Channel I Channel II Channel III Online ASBA: Through an online portal of the SCSB. The SCSBs shall send the application to RTA and block funds in shareholders account. Physical ASBA: Physically at the branch of a SCSB The SCSBs shall send the application to RTA and block funds in sharehold .....

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..... on of the circular, including necessary amendments to the relevant bye-laws, rules and regulations; 7.2 take necessary action to institute additional payment channels (electronic banking modes only) for making subscription and/or paying call money in respect of partly paid up specified securities. 7.3 bring the provisions of this circular to the notice of the listed companies and their .....

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