Applications Supported by Blocked Amount (ASBA) facility

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....bid and other relevant details of such ASBA forms in the bidding platform and thereafter forward the ASBA forms to the SCSBs. SCSBs shall carry out further action for the ASBA forms such as signature verification, blocking of funds and forward the forms to the registrar to the issue. 2. The respective intermediaries shall take note of the following: a. Bidding Centers: ASBA facility through syndicate / sub-syndicate member shall initially commence with the following bidding centers: i. Mumbai ii. Chennai iii. Kolkata iv. Delhi v. Ahmedabad vi. Rajkot vii. Jaipur viii. Bangalore ix. Hyderabad x. Pune xi. Baroda xii. Surat ....

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.... Red Herring Prospectus/ Prospectus / Letter of Offer filed with Registrar of Companies/ Stock Exchanges, as the case may be, on or after May 2, 2011. 7. This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992. 8. This circular is available on SEBI website at www.sebi.gov.in under the categories "Legal Framework" and "Issues and Listing". Yours faithfully,   Sanjay Purao Deputy General Manager +91-22-26449612 [email protected] Annexure A Format for providing the details of the branches named for Syndicate ASBA All SCSBs are required to submit to SEBI the details of the branches, in the format as below, w....

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....T 3. Stock exchange(s) to allow syndicate members to undertake modification of select fields in the bid details already uploaded. Registrar to get the electronic bid details from the stock exchanges at the end of the day.  T+1 4. Issuer, merchant banker and registrar to submit relevant documents to the stock exchange(s) except listing application, allotment details and demat credit and refund details for the purpose of listing permission. Syndicate members to forward a schedule (containing application number, payment instrument number and amount), application forms and payment instruments to collecting banks. Collecting banks may not accept bid schedule, bid applications and payment....

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....of rejected bids based on mis-match between electronic bid details and depositories data base. Registrar to undertake "Technical Rejection" test based on electronic bid details and prepare list of technical rejection cases.  T+5 8. Collecting banks to submit status of clearance status of payment instrument i.e. "Final Certificate" to the registrar. SCSBs to submit status of blocking of fund i.e. "Final Certificate" to the registrar.  T+6 9. Collecting banks/SCSBs to ensure that all application forms are forwarded to the registrar. Registrar to undertake and complete reconciliation of final certificate received from the collecting banks with electronic bid details. ....