https://www.taxtmi.com/circulars?id=58297 ASBA filings must be backed by clear demarcated funds in funded deposit accounts; banks must not block amounts by creating liens on credit limits or overdraft facilities. SCSBs must block application amounts only against funded deposit accounts and ensure cleared funds are available. Banks making ASBA applications on their own account must maintain a separate account in their own name with a registered SCSB used solely for public-issue applications, with demarcated funds available. The circular is effective immediately and issued under statutory securities powers. en-us Thu, 13 Sep 2012 00:00:00 +0530 Thu, 26 Feb 2026 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58297 ASBA filings must be backed by clear demarcated funds in funded deposit accounts; banks must not block amounts by creating liens on credit limits or overdraft facilities. SCSBs must block application amounts only against funded deposit accounts and ensure cleared funds are available. Banks making ASBA applications on their own account must maintain a separate account in their own name with a registered SCSB used solely for public-issue applications, with demarcated funds available. The circular is effective immediately and issued under statutory securities powers. Circulars SEBI Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58297