Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) (Amendment) Regulations, 2011. - LAD-NRO/GN/2011-12/05/13907 - SEBI
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ASBA facility mandated for qualified institutional buyers and non institutional investors in public offers under amended issue of capital rules The amendment inserts a proviso requiring that where offers involve qualified institutional buyers and noninstitutional investors the issuer shall accept bids only through the ASBA facility, thereby mandating ASBA as the exclusive bid acceptance mechanism for those investor categories under the Issue of Capital and Disclosure Requirements.
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 mandated for qualified institutional buyers and non institutional investors in public offers under amended issue of capital rules
The amendment inserts a proviso requiring that where offers involve qualified institutional buyers and noninstitutional investors the issuer shall accept bids only through the ASBA facility, thereby mandating ASBA as the exclusive bid acceptance mechanism for those investor categories under the Issue of Capital and Disclosure Requirements.
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