ASBA Facility for Secondary Market Trading
Recently, the Securities and Exchange Board of India (SEBI) approved a framework for Application Supported by Blocked Amount (ASBA) like facility being made available to investors for secondary market trading.
- •At present, ASBA is available for the primary market, wherein the initial public offering (IPO) funds only are blocked on application, and are debited only on the allotment.
About ASBA
- ASBA provides an alternative mode of payment in issues whereby the application money remains in the investor's account till finalization of basis of allotment in the issue.
- It is an application by an investor that contains an authorisation to a Self Certified ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Parliamentary Standing Committee’s Report on Fisheries Sector
- 2 Components of Gold Monetisation Scheme Discontinued
- 3 Changing Dynamics of India’s Remittances
- 4 10 Years of Sagarmala Programme: Powering India’s Maritime Revolution
- 5 Energy Statistics India 2025
- 6 Revised Rashtriya Gokul Mission Approved
- 7 ICRA Report on Indian Municipal Bond Market
- 8 Pashu Aushadhi Initiative
- 9 Samarth Incubation Program
- 10 Electronics Component Manufacturing Scheme
