ASBA payment mechanism expanded to allow call money payments for partly paid securities via SCSBs and linked trading demat bank accounts. The circular expands the use of ASBA and additional electronic channels to permit subscription and payment of balance money for calls on partly paid specified securities through online SCSB portals, physical SCSB branches, and linked trading, demat and bank accounts, with intermediaries and RTAs required to guide holders on the mechanism.
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 payment mechanism expanded to allow call money payments for partly paid securities via SCSBs and linked trading demat bank accounts.
The circular expands the use of ASBA and additional electronic channels to permit subscription and payment of balance money for calls on partly paid specified securities through online SCSB portals, physical SCSB branches, and linked trading, demat and bank accounts, with intermediaries and RTAs required to guide holders on the mechanism.
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