ASBA facility: syndicate members may submit investor ASBA forms to SCSBs with commission and processing fee rules. ASBA facility permits syndicate and sub-syndicate members to procure investor ASBA forms and submit them to SCSBs after uploading bid details on the stock exchanges' bidding platform; SCSBs will verify signatures, block funds and forward forms to the registrar. Syndicate members are entitled to selling commission for procured ASBA forms; SCSBs receive a per-form processing fee only for ASBA forms submitted to them by syndicate/sub-syndicate members, while SCSBs procuring forms directly receive selling commission only. Merchant bankers must disclose the range of SCSB processing fees in the offer document.
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: syndicate members may submit investor ASBA forms to SCSBs with commission and processing fee rules.
ASBA facility permits syndicate and sub-syndicate members to procure investor ASBA forms and submit them to SCSBs after uploading bid details on the stock exchanges' bidding platform; SCSBs will verify signatures, block funds and forward forms to the registrar. Syndicate members are entitled to selling commission for procured ASBA forms; SCSBs receive a per-form processing fee only for ASBA forms submitted to them by syndicate/sub-syndicate members, while SCSBs procuring forms directly receive selling commission only. Merchant bankers must disclose the range of SCSB processing fees in the offer document.
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