Application Supported by Blocked Amount (ASBA)

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....s 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 2. April 29, 2011 Defined process for Syndicate ASBA, QIBs & NII mandated to use ASBA facility 3. October 12, 2010 Syndicate ASBA enabled 4. July 13, 2010 ASBA fo....

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....CSBs). 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 Fifty percent (50) of the total branches as designated branches for ASBA: Each SCSB is advised to designate 50% of its total branches as 'Designated Branches' for ASBA by October 31, 2012. b. Second Phase All the b....