https://www.taxtmi.com/circulars?id=58309 SEBI introduced an electronic application mechanism using the nationwide broker network to accept ASBA and non ASBA public issue applications at designated broker centres. Brokers must acknowledge and upload bids to the Stock Exchange platform, handle payments or forward ASBA schedules, and bear liability for failures. Collecting banks/SCSBs and their controlling branches consolidate schedules and issue final certificates to registrars, who reconcile with exchange and depository data, calculate broker commissions disclosed in the offer document, and follow standard allotment, refund and listing procedures; stock exchanges must publish broker centre details and enforce compliance. en-us Thu, 04 Oct 2012 00:00:00 +0530 Thu, 26 Feb 2026 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58309 SEBI introduced an electronic application mechanism using the nationwide broker network to accept ASBA and non ASBA public issue applications at designated broker centres. Brokers must acknowledge and upload bids to the Stock Exchange platform, handle payments or forward ASBA schedules, and bear liability for failures. Collecting banks/SCSBs and their controlling branches consolidate schedules and issue final certificates to registrars, who reconcile with exchange and depository data, calculate broker commissions disclosed in the offer document, and follow standard allotment, refund and listing procedures; stock exchanges must publish broker centre details and enforce compliance. Circulars SEBI Thu, 04 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58309