CIR/CFD/DIL/2/2010 Dated-April 06, 2010
1. This has reference to circular No. SEBI/CFD/DIL/ASBA/1/2009/30/12 dated December 30, 2009 in the captioned matter, wherein as para 2(c)(i), ASBA facility was available to all the investors except Qualified Institutional Buyers (QIBs). In this regard SEBI has decided to extend the ASBA facility to QIBs in public issues opening on or after May 1, 2010.
2. In this regard, Stock Exchanges, Merchant Bankers, Registrar to an Issue and Bankers to an issue acting as Self Certified Syndicate Banks are advised to ensure that appropriate arrangements are made to accept ASBA forms from QIBs also in addition to the existing categories of investors.
3. This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992.
4. This circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and “Issues and Listing”.
Yours faithfully,
Sanjay Purao
Deputy General Manager
+91-22-26449612
