Applications Supported by Blocked Amount (ASBA) facility in Rights Issues

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[email protected] SEBI/CFD/DIL/2008/ 25 /09  September 25, 2008 To All registered Merchant Bankers  To  All registered Bankers to an Issue To All registered Registrars to issues To All Stock Exchanges  Dear Sir/Madam, Sub.: Applications Supported by Blocked Amount (ASBA) facility in Rights Issues 1.   SEBI has introduced the facil....

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....y SEBI for public issue through book building route, as deemed fit.  ASBA process in rights issue shall have the following features : (a) All shareholders of the company as on record date shall be eligible to apply through ASBA (hereinafter referred as "ASBA shareholder") provided if he/ she/it : *      is holding shares in dematerialised form and has appl....

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.... effect given by the account holder in the application. The application data captured by SCSB shall be made available to the Registrar on regular basis through the modus- operandi/ procedures mutually agreed and tested by the Registrars and SCSBs till web enabled interface provided by Stock Exchanges, is facilitated to accept rights issue application data from SCSBs. (c)  While discharging....