9911796707
TMI BlogApplications Supported by Blocked Amount (ASBA) facilityX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 The syndicate / sub-syndicate members located in the abovementioned centers shall accept ASBA forms. Before accepting these ASBA forms syndicate / sub-syndicate members shall satisfy themselves that the SCSBs wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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, where syndicate / sub-syndicate members are required to submit bidded Syndicate ASBA forms: Details of Branch for Syndicate ASBA: Branches named for Syndicate ASBA Sl. No. Bidding Centre Branch Address Contact Person Contact Number Fax Email 1. 2. Annexure B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Collecting banks may not accept bid schedule, bid applications and payment instrument after T+2 day. Registrar to give bid file received from the stock exchanges containing the application number and amount to all the collecting banks who can use this file for validation at their end. Registrar to commence validation of the electronic bid details with depositories records for DP ID, Client ID and PAN. Syndicate members to forward a schedule (containing application number and amount) along with application forms to the branch named for 'Syndicate ASBA' of the respective SCSBs for blocking of Fund. Designated branches may not accept schedule and applications after T+2 day. Registrar to give bid file received from the stock exch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0. Designated stock exchange(s) to approve the basis of allotment. Registrar to prepare funds transfer schedule based on approved allotment. Registrar to give instructions to depositories to carry out lock-in for pre issue capital. T+8 11. Registrar and merchant banker to issue funds transfer instructions to collecting banks/SCSBs. Collecting banks/SCSBs to credit the funds in Public Issue Account of the issuer and confirm the same. Issuer to make allotment. Registrar to give instruction to depositories for credit of shares to successful allottees. Registrar to receive confirmation for pre-issue capital lock-in from depositories. T+9 12. Issuer and registrar to file allotment details with designated stock exchange(s) ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
