https://www.taxtmi.com/circulars?id=59202 Introduction of Applications Supported by Blocked Amount (ASBA) as an alternate payment mechanism for book-built public issues permitting eligible resident retail investors to apply by authorising an SCSB to block application monies in a specified bank account until allotment finalisation, withdrawal, rejection or issue failure. SCSBs must certify systems, designate Controlling and Designated Branches, block funds, upload prescribed bid data to the Stock Exchange electronic bidding system, act on Registrar instructions to unblock or transfer funds, maintain records, and are liable for omissions or commissions; Registrars, Merchant Bankers and Stock Exchanges have specified reconciliatory, disclosure and system roles and timelines for processing ASBAs. en-us Wed, 30 Jul 2008 00:00:00 +0530 Fri, 18 Jan 2019 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59202 Introduction of Applications Supported by Blocked Amount (ASBA) as an alternate payment mechanism for book-built public issues permitting eligible resident retail investors to apply by authorising an SCSB to block application monies in a specified bank account until allotment finalisation, withdrawal, rejection or issue failure. SCSBs must certify systems, designate Controlling and Designated Branches, block funds, upload prescribed bid data to the Stock Exchange electronic bidding system, act on Registrar instructions to unblock or transfer funds, maintain records, and are liable for omissions or commissions; Registrars, Merchant Bankers and Stock Exchanges have specified reconciliatory, disclosure and system roles and timelines for processing ASBAs. Circulars SEBI Wed, 30 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59202