https://www.taxtmi.com/circulars?id=65629 The circular mandates that ASBA applications in public issues be processed only after application monies are blocked in the investor's bank account, requiring mandatory confirmation of blocked funds for acceptance on stock exchanges' electronic book-building platforms. All intermediaries, market infrastructure institutions, SCSBs and registrars must implement necessary systemic and procedural arrangements within the prescribed implementation period, with merchant bankers coordinating stakeholders. The requirement applies to all investor categories and modes of processing and is effective for public issues opening on or after the stated effective date. en-us Mon, 30 May 2022 00:00:00 +0530 Thu, 26 Feb 2026 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65629 The circular mandates that ASBA applications in public issues be processed only after application monies are blocked in the investor's bank account, requiring mandatory confirmation of blocked funds for acceptance on stock exchanges' electronic book-building platforms. All intermediaries, market infrastructure institutions, SCSBs and registrars must implement necessary systemic and procedural arrangements within the prescribed implementation period, with merchant bankers coordinating stakeholders. The requirement applies to all investor categories and modes of processing and is effective for public issues opening on or after the stated effective date. Circulars SEBI Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65629