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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Mandates Equal Commission for ASBA and Non-ASBA Applications to Boost Adoption by Syndicate Banks.</h1> The Securities and Exchange Board of India (SEBI) introduced the Application Supported by Blocked Amount (ASBA) process for book-built public issues effective from September 1, 2008. A review meeting with merchant bankers identified a lack of incentives for Self Certified Syndicate Banks (SCSBs) as a reason for low ASBA adoption. SEBI clarified that commissions should be equally applied to both ASBA and non-ASBA applications, ensuring fairness. All registered merchant bankers must comply with this directive immediately. This circular is issued under the authority of the SEBI Act, 1992, and is available on the SEBI website.
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