ASBA facility requirement: issuers must accept subscription bids only through the designated facility under securities rules. Issuers must accept subscription bids exclusively via the ASBA facility in the manner specified by the securities regulator, making the ASBA mechanism the mandatory channel for bid collection and imposing a compliance obligation on issuers under the issuance and disclosure framework.
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 requirement: issuers must accept subscription bids only through the designated facility under securities rules.
Issuers must accept subscription bids exclusively via the ASBA facility in the manner specified by the securities regulator, making the ASBA mechanism the mandatory channel for bid collection and imposing a compliance obligation on issuers under the issuance and disclosure framework.
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