Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Expands ASBA Facility to All SCSB Branches by Year-End for Improved Investor Access and Streamlined Payments.</h1> The Securities and Exchange Board of India (SEBI) introduced the Application Supported by Blocked Amount (ASBA) facility in July 2008 to streamline payment processes in public and rights issues. SEBI has continuously refined the ASBA facility, implementing reforms such as online availability and mandatory use for certain investors. To further enhance accessibility, SEBI plans to expand ASBA availability across all branches of Self Certified Syndicate Banks (SCSBs) in phases, with 50% designated by October 31, 2012, and full coverage by December 31, 2012. SCSBs must report their progress in designated formats following each phase.