ASBA facility: downloadable pre filled bid forms with unique application numbers and electronic blocking of bid funds. ASBA bid cum application forms must be downloadable from exchange websites with a unique application number; merchant bankers must provide issue details and a soft copy of the prospectus in advance so exchanges can pre fill and post forms; exchanges must ensure form accuracy, online prospectus access, generation of unique application numbers, and availability of bid revision forms. The forms authorise SCSBs to block/unblock funds, upload bids electronically, transfer funds after allotment instructions, and set rejection consequences for incorrect demat, PAN, or insufficient funds.
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: downloadable pre filled bid forms with unique application numbers and electronic blocking of bid funds.
ASBA bid cum application forms must be downloadable from exchange websites with a unique application number; merchant bankers must provide issue details and a soft copy of the prospectus in advance so exchanges can pre fill and post forms; exchanges must ensure form accuracy, online prospectus access, generation of unique application numbers, and availability of bid revision forms. The forms authorise SCSBs to block/unblock funds, upload bids electronically, transfer funds after allotment instructions, and set rejection consequences for incorrect demat, PAN, or insufficient funds.
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