Application Supported by Blocked Amount (ASBA)

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....by Blocked Amount (ASBA) 1. ASBA facility was introduced by SEBI in July 2008, as an alternative mode of payment in the public/rights issue processes. In its continuing endeavour to make the facility more efficient, SEBI reviewed the facility on a continuous basis and following reforms were introduced: Sr. No Circular Reform 1. May 16, 2011 Discount at the time of application ....

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....ultations were held with Reserve Bank of India, Indian Banks' Association and other market participants, to explore the possibility of providing ASBA facility at all branches of Self Certified Syndicate Banks (SCSBs). 5. Based on the feedback received in this regard, it has been decided to increase the number of branches designated for ASBA, in a phased manner as under: a. First phase ....