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        SEBI

        Regulation 76 - ASBA

        Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018
        Part VII
        ISSUANCE CONDITIONS AND PROCEDURE

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        ASBA requirement for rights issues mandates ASBA payments, permitting electronic banking only for reserved applications outside the issue period. An applicant for a rights issue must apply only through the ASBA facility, which the issuer must provide as specified by the Board. Payment by other electronic banking modes is permitted exclusively for applications to any reserved portion submitted outside the issue period.
                        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 requirement for rights issues mandates ASBA payments, permitting electronic banking only for reserved applications outside the issue period.

                              An applicant for a rights issue must apply only through the ASBA facility, which the issuer must provide as specified by the Board. Payment by other electronic banking modes is permitted exclusively for applications to any reserved portion submitted outside the issue period.


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