https://www.taxtmi.com/circulars?id=58945 ASBA permits resident retail investors bidding at cut off to authorise SCSBs to block application funds in their bank accounts until allotment finalisation or withdrawal. Certified SCSBs must block/unblock funds, upload applicant data to stock exchange electronic bidding systems, designate Controlling and Designated Branches, and retain records; Registrars reconcile and verify bid data against depository records, finalise basis of allotment, instruct SCSBs to transfer funds, and maintain electronic records and complaint redressal. Merchant bankers and stock exchanges must enable disclosures, forms, timelines, secure data interfaces and accurate transmission of bid files. en-us Wed, 30 Jul 2008 00:00:00 +0530 Fri, 04 Jan 2019 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58945 ASBA permits resident retail investors bidding at cut off to authorise SCSBs to block application funds in their bank accounts until allotment finalisation or withdrawal. Certified SCSBs must block/unblock funds, upload applicant data to stock exchange electronic bidding systems, designate Controlling and Designated Branches, and retain records; Registrars reconcile and verify bid data against depository records, finalise basis of allotment, instruct SCSBs to transfer funds, and maintain electronic records and complaint redressal. Merchant bankers and stock exchanges must enable disclosures, forms, timelines, secure data interfaces and accurate transmission of bid files. Circulars SEBI Wed, 30 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58945