https://www.taxtmi.com/circulars?id=58944 SEBI introduces Applications Supported by Blocked Amount (ASBA) as an alternate payment mechanism for book built public issues whereby eligible resident retail investors submit ASBAs to certified Self Certified Syndicate Banks (SCSBs) which block the application money in the investor's bank account, upload bid details to the stock exchanges, and on instructions from the Registrar unblock or transfer funds after finalisation of allotment; lead merchant bankers, registrars and stock exchanges have specified disclosure, reconciliation and system obligations and timelines. en-us Wed, 30 Jul 2008 00:00:00 +0530 Fri, 04 Jan 2019 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58944 SEBI introduces Applications Supported by Blocked Amount (ASBA) as an alternate payment mechanism for book built public issues whereby eligible resident retail investors submit ASBAs to certified Self Certified Syndicate Banks (SCSBs) which block the application money in the investor's bank account, upload bid details to the stock exchanges, and on instructions from the Registrar unblock or transfer funds after finalisation of allotment; lead merchant bankers, registrars and stock exchanges have specified disclosure, reconciliation and system obligations and timelines. Circulars SEBI Wed, 30 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58944