ASBA facility extended to qualified institutional buyers, allowing them to apply through blocked funds in public issues. ASBA is extended to Qualified Institutional Buyers for public issues opening on or after May 1, 2010, allowing QIBs to submit applications with amounts blocked in bank accounts; stock exchanges, merchant bankers, registrars and Self Certified Syndicate Banks must make arrangements to accept ASBA forms from QIBs. The circular was issued under statutory powers and later rescinded by a master circular in 2026.
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 extended to qualified institutional buyers, allowing them to apply through blocked funds in public issues.
ASBA is extended to Qualified Institutional Buyers for public issues opening on or after May 1, 2010, allowing QIBs to submit applications with amounts blocked in bank accounts; stock exchanges, merchant bankers, registrars and Self Certified Syndicate Banks must make arrangements to accept ASBA forms from QIBs. The circular was issued under statutory powers and later rescinded by a master circular in 2026.
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