Applications Supported by Blocked Amount (ASBA) facility in public issues

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....Registered Registrars to an Issue To All Registered Bankers to an Issue Dear Sirs, Sub.: Applications Supported by Blocked Amount (ASBA) facility in public issues 1. On review of progress of ASBA facility and with a view to enhance the role of ASBA in public issues, it has been decided that syndicate / sub-syndicate members may procure ASBA forms from the investors and submit it to Sel....

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....-syndicate members and submitted with SCSBs. For ASBA forms procured directly by SCSBs, they would be entitled for selling commission only and no processing fee shall be paid to them. 4. Merchant Bankers shall ensure that an appropriate disclosure is made in the offer document specifying the range of fee that SCSBs would be entitled to for processing such ASBA forms procured by syndicate member....