“Application Supported by Blocked Amount” (ASBA) process

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..... upported by Blocked Amount" (ASBA) process 1. SEBI had introduced the process of ASBA vide its circular dated July 30, 2008 and made it applicable to all book built public issues opening on or after September 1, 2008. 2. SEBI held a meeting with a few merchant bankers to review the progress of ASBA mode and to understand the problems, if any, in its implementation. One of the reasons for poor re .....

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..... as the case may be. 4. All registered merchant bankers are advised to take note of the above and ensure compliance. The provisions of this circular are applicable with immediate effect. This circular is also available on SEBI website at www.sebi.gov.in under the categories "Legal Framework" and "Issues and Listing". 5. This circular is issued in exercise of the powers conferred under sub-sectio .....

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