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BANKING & FINANCE
NEW FORM FOR ASBA IN PLACE
January 2, 2016
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1.ASBA facility has become mandatory for all categories of investors applying for a public issue for making payment from Friday. The facility allows the bid amount to remain in the applicants account till the time the shares are finally allotted.

2.In a circular, SEBI said that the application form for ASBA would be printed in a booklet form of A4 size paper.

3.The new circular will be applicable for all public issues opening on or after January 1, 2016