Additional Payment Mechanism (i.e. ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity

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..... ASBA, etc.) for Payment of Balance Money in Calls for partly paid specified securities issued by the listed entity 1. SEBI, in its endeavour to protect investors' interest and reduce investor grievances relating to refund, introduced Application Supported by Blocked Amount (ASBA) as the sole payment mechanism in the IPO and Rights issues. 2. Considering that payment through ASBA mechanism is .....

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..... the application to RTA and block funds in shareholders account. Physical ASBA: Physically at the branch of a SCSB The SCSBs shall send the application to RTA and block funds in shareholders account. Additional Online mode: using the facility of linked online trading, demat and bank account (3-in-1 type accounts), provided by some of the brokers. 4. Period of subscription: The payment perio .....

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..... rtly paid up specified securities. 7.3 bring the provisions of this circular to the notice of the listed companies and their members and also disseminate the same on their websites; 8. The circular is issued in exercise of the powers conferred under sections 11 and 11A of the Securities and Exchange Board of India Act, 1992 read with Regulations 88 and 299 of SEBI (Issue of Capital and Disclos .....

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