Start with Search - Type your requirement here

Thursday, April 22, 2010

Understand all about ASBA - in public issues, rights issues, by Mutual Funds, by QIB's - an alternate way of investing, SEBI

Understand what is Application Supported by Blocked Amounts (ASBA)?

Whether ASBA is applicable for Rights Issues?

Can QIB’s apply in a public issue under ASBA mechanism?

Till now only Indian Retail Individual Investors bidding at cut-off Price were entitle to use ASBA facility.

In this regard, Stock Exchanges, Merchant Bankers, Registrar to an Issue and Bankers to an issue acting as Self Certified Syndicate Banks are advised to ensure that appropriate arrangements are made to accept ASBA forms from Qualified Institutional Buyers (QIBs) also in addition to the existing categories of investors on or after 1st May 2010.

Source: SEBI CIR/CFD/DIL/2/2010 dated 6th April 2010


Post a Comment

CS Updatin...

See Yes -> Yes, ACS

↑ Grab this Headline Animator