Streamlining the process of public issue under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (SEBI ILDS), SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 (SEBI NCRPS), SEBI (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008 (SEBI SDI) and SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 (SEBI ILDM)
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ASBA facility required; streamlined processing and accelerated listing timetable for public issues of debt securities and related instruments. Issuance procedures require mandatory use of the Application Supported by Blocked Amount (ASBA) facility for public issues of debt securities, NCRPS and SDI; investors must submit ASBA bid-cum-application forms to SCSBs or specified intermediaries, who shall acknowledge receipt, capture and upload bid data to the stock exchange electronic bidding system, and in the case of SCSBs block funds in investor accounts. Stock exchanges will validate bid data with depositories, allow limited field modifications, provide investor status facilities, and coordinate with registrars, SCSBs and depositories to reconcile bids, determine allotment, effect demat credit and enable listing and trading under an accelerated post-issue timeline.
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 required; streamlined processing and accelerated listing timetable for public issues of debt securities and related instruments.
Issuance procedures require mandatory use of the Application Supported by Blocked Amount (ASBA) facility for public issues of debt securities, NCRPS and SDI; investors must submit ASBA bid-cum-application forms to SCSBs or specified intermediaries, who shall acknowledge receipt, capture and upload bid data to the stock exchange electronic bidding system, and in the case of SCSBs block funds in investor accounts. Stock exchanges will validate bid data with depositories, allow limited field modifications, provide investor status facilities, and coordinate with registrars, SCSBs and depositories to reconcile bids, determine allotment, effect demat credit and enable listing and trading under an accelerated post-issue timeline.
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