ASBA facility: issuers must accept subscription bids exclusively via ASBA as prescribed under issuance regulations. Issuers are required to accept subscription bids exclusively through the ASBA facility, using the process and standards prescribed by the Board; this makes ASBA the sole permissible channel for receiving investor applications and imposes procedural duties on issuers to ensure bid collection, payment blocking and record-keeping as specified.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
ASBA facility: issuers must accept subscription bids exclusively via ASBA as prescribed under issuance regulations.
Issuers are required to accept subscription bids exclusively through the ASBA facility, using the process and standards prescribed by the Board; this makes ASBA the sole permissible channel for receiving investor applications and imposes procedural duties on issuers to ensure bid collection, payment blocking and record-keeping as specified.
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