ASBA requirement: issuers must accept bids only through the specified ASBA facility, per board directions. Regulation 194 mandates that an issuer must accept subscription bids exclusively through the ASBA facility and that such acceptance must be conducted in ... Summary
ASBA requirement: issuers must accept bids only through the specified ASBA facility, per board directions.
Regulation 194 mandates that an issuer must accept subscription bids exclusively through the ASBA facility and that such acceptance must be conducted in the manner specified by the Board under the securities issuance regulations.
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