Doubts and Questions

With effect from 1 May 2010, all investors can apply through ASBA in public issues. In rights issues, as of date all shareholders of the company are permitted to use ASBA for making applications provided he/she/it: a) is holding shares in dematerialized form and has applied for entitlements or additional shares in the issue in dematerialized form b) has not renounced the entitlements in full or

in part

c) is not a renouncee to the issue d) applies through a bank account maintained

with SCSBs Applying through ASBA vis--a`vis Applying through an Application with a Cheque

Applying through ASBA facility has the following advantages: a) The investor need not pay the application money by cheque; rather, the investor submits their ASBA, which includes an authorization to block the bank account to the extent of the application money. b) The investor does not have to bother about refunds – in ASBA, money to the extent required for allotment of securities is taken from the bank account only when one’s application is selected for allotment after the basis of allotment is finalized. c) The investor continues to earn interest on the application money as the same remains in the bank account, which is not the case in other modes of payment. d) The application form is simpler. e) The investor deals with a known intermediary –

that is, their own bank.

Can I submit ASBA in any of the banks specified in the list of SCSBs?

No, ASBA can be submitted to the SCSB with which the investor is holding a bank account.

How many applications can be made from a bank account?

Five applications can be made from a bank account per issue. Am I required to submit ASBA only physically? You can either fill up the physical ASBA form available with an SCSB and submit the same to the SCSB, or apply electronically/online through the Internet banking facility (if provided by your SCSB).

Can I use the existing application form for public issues for applying through ASBA?

The application form for ASBA is different from the existing application form for public issues. The application forms are available with designated branches of SCSBs. In case of rights issue, there is no separate form for ASBA. The investor has to apply by selecting the ASBA option in Part A of the composite application form.

Do I necessarily need to have a DP account with the SCSB where I intend to submit the ASBA application?