https://www.taxtmi.com/circulars?id=58684 ASBA requires application money to be blocked in the investor's bank account until allotment finalisation or valid withdrawal/rejection. SCSBs must block funds on receipt of physical or electronic ASBAs, upload application data to the stock exchanges' electronic bidding systems, provide acknowledgements, and unblock or transfer funds only on reconciled instructions from the Registrar after allotment or on withdrawal/failure. Registrars reconcile exchange and SCSB data, validate DP ID/Client ID/PAN, finalise allotment, and instruct SCSBs to effect unblocking/transfers within specified timelines. Intermediary roles, liability for omissions, record keeping and certification requirements for SCSBs are prescribed. en-us Wed, 30 Dec 2009 00:00:00 +0530 Thu, 26 Feb 2026 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58684 ASBA requires application money to be blocked in the investor's bank account until allotment finalisation or valid withdrawal/rejection. SCSBs must block funds on receipt of physical or electronic ASBAs, upload application data to the stock exchanges' electronic bidding systems, provide acknowledgements, and unblock or transfer funds only on reconciled instructions from the Registrar after allotment or on withdrawal/failure. Registrars reconcile exchange and SCSB data, validate DP ID/Client ID/PAN, finalise allotment, and instruct SCSBs to effect unblocking/transfers within specified timelines. Intermediary roles, liability for omissions, record keeping and certification requirements for SCSBs are prescribed. Circulars SEBI Wed, 30 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58684