Regulation 58 - Abridged prospectus, abridged letter of offer and ASBA.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter V MANNER OF DISCLOSURES IN THE OFFER DOCUMENTS
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ASBA requirement: public and certain rights issues must accept bids via ASBA, with QIBs and NIIs using ASBA only. Regulation 58 requires the abridged prospectus to contain disclosures in Part D of Schedule VIII and the abridged letter of offer to contain disclosures in Part F of Schedule VIII; neither abridged document may include extraneous matter. Every application form, including ASBA forms, must be accompanied by the relevant abridged document. The regulation mandates ASBA: public issues must accept bids only via ASBA; rights issues with a single payment option must provide ASBA; qualified institutional buyers and non-institutional investors must use ASBA.
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: public and certain rights issues must accept bids via ASBA, with QIBs and NIIs using ASBA only.
Regulation 58 requires the abridged prospectus to contain disclosures in Part D of Schedule VIII and the abridged letter of offer to contain disclosures in Part F of Schedule VIII; neither abridged document may include extraneous matter. Every application form, including ASBA forms, must be accompanied by the relevant abridged document. The regulation mandates ASBA: public issues must accept bids only via ASBA; rights issues with a single payment option must provide ASBA; qualified institutional buyers and non-institutional investors must use ASBA.
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