ASBA facility requirement: mutual funds must offer ASBA for all new fund offers from the revised effective date. Mutual funds must provide Applications Supported by Blocked Amount (ASBA) as an additional payment mode for New Fund Offers, with the mandatory implementation date revised to a later effective date; the circular imposes a compliance obligation on Mutual Funds and Asset Management Companies to offer ASBA for NFO subscriptions under the regulator's statutory powers to protect investors and regulate the securities market.
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: mutual funds must offer ASBA for all new fund offers from the revised effective date.
Mutual funds must provide Applications Supported by Blocked Amount (ASBA) as an additional payment mode for New Fund Offers, with the mandatory implementation date revised to a later effective date; the circular imposes a compliance obligation on Mutual Funds and Asset Management Companies to offer ASBA for NFO subscriptions under the regulator's statutory powers to protect investors and regulate the securities market.
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