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

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..... 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 facility of making applications through "Applications Supported by Blocked Amount" process, in book built public issues vide its circular dated July 30, 2008. It has now been decided to enable process of AS .....

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..... after referred as "ASBA shareholder") provided if he/ she/it : · is holding shares in dematerialised form and has applied for entitlements and /or additional shares in the issue in dematerialised form; · has not renounced his/ her entitlements in full or in part; · is not a renouncee to the Issue; · applies through a bank account maintained with SCSBs. (b) ASBA .....

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..... SBs. (c) While discharging its duties in the ASBA process in a Rights Issue, the Registrars shall take into consideration the specific provisions/requirements of a Rights issue and give suitable instructions to the SCSBs for transfer of money to the issuer account after satisfying the designated stock exchange about receipt of minimum subscription of 90% in terms of provisions of SEBI (DIP) guide .....

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