We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
ASBA process: blocked account application method enabling certified banks to hold funds and facilitate allotment in book built issues. SEBI introduces Applications Supported by Blocked Amount (ASBA) as an alternate payment mechanism for book built public issues whereby eligible resident retail investors submit ASBAs to certified Self Certified Syndicate Banks (SCSBs) which block the application money in the investor's bank account, upload bid details to the stock exchanges, and on instructions from the Registrar unblock or transfer funds after finalisation of allotment; lead merchant bankers, registrars and stock exchanges have specified disclosure, reconciliation and system obligations and timelines.
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 process: blocked account application method enabling certified banks to hold funds and facilitate allotment in book built issues.
SEBI introduces Applications Supported by Blocked Amount (ASBA) as an alternate payment mechanism for book built public issues whereby eligible resident retail investors submit ASBAs to certified Self Certified Syndicate Banks (SCSBs) which block the application money in the investor's bank account, upload bid details to the stock exchanges, and on instructions from the Registrar unblock or transfer funds after finalisation of allotment; lead merchant bankers, registrars and stock exchanges have specified disclosure, reconciliation and system obligations and timelines.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
