Yes, it is possible; however sufficient information to this effect should be made available to all the clients by the SCSB.
Learn MoreYes, SCSBs can provide a facility of submitting ASBA through the internet banking facility to the investors electronically where the provision to block the account is provided.
Learn MoreAny bank which is registered as bankers to an issue registered with SEBI in terms of SEBI (Bankers to an Issue) Regulations can become SCSB subject to satisfying other conditions specified by SEBI.
Learn MoreThe bank can contact the stock exchange offering electronic bidding system, which is presently being offered by Bombay Stock Exchange and National Stock Exchange to get connectivity and ensure that systems are in place to get the connectivity and secured transfer of data from banks to Stock Exchanges.
Learn MoreA bank which is registered with SEBI as a Banker to issue in terms of SEBI (Bankers to an Issue) Regulations can become SCSB subject to the following requirements: Submit a certification to SEBI confirming that it is capable of discharging the responsibilities of a SCSB. SEBI to include name of the bank in the …
Learn MoreYes, you can act as a SCSB.
Learn MoreIssuer shall, in consultation with Lead managers, ensure the following: Registrar to issue appointed by the issuer has capability to comply with the procedures laid down by SEBI for ASBA and shall treat ASBA and Non‐ASBA application at par. Sufficient number of physical ASBA application forms are printed and made available to all SCSBs. ASBA …
Learn MoreIssuer is deemed to have entered into an agreement with SCSBs who have been recognized as such by SEBI. As such, issuer has no discretion in choosing SCSBs.
Learn MoreYes, the issuer is required to provide ASBA mode in all public issues/rights issue where not more than one payment option is given to the investors. For example, if in any public / rights issue provides payment option as shown below shall not be allowed in ASBA facility. Amount Payable per equity Payment Method -I …
Learn MoreASBA forms can be submitted only at the SCSBs. In case investor does not have an account with any of the SCSBs, then he cannot make use of the ASBA.
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