Processing of ASBA applications in Public Issue of Equity Shares and Convertibles

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..... ansfer agents Registered Stock Brokers Bankers to an Issue (Self-Certified Syndicate Banks - SCSBs) National Payments Corporation of India (NPCI) Dear Sir / Madam, Sub: Processing of ASBA applications in Public Issue of Equity Shares and Convertibles 1. SEBI has prescribed the facility of Application Supported by Blocked Amount (ASBA) in Public Issues for all categories of inve .....

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..... reviewed. As a part of the continuing efforts to further streamline the bidding process and to ensure the orderly development of securities market, a need has been felt to implement the ASBA process in line with the aforementioned circulars. 4. The ASBA applications in Public Issues shall be processed only after the application monies are blocked in the investor s bank accounts. Accordingly, a .....

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..... e for public issues opening on or after September 01, 2022. 9. This circular is being issued in exercise of the powers under section 11 read with section 11A of the Securities and Exchange Board of India Act, 1992 . 10. This circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework and Issues and Listing . Yours faithfully, Vandana Jogleka .....

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