Public Issue Application To Be Processed Only After Monies Are Blocked In Investor’s Bank Account ...Middle East

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Public Issue Application To Be Processed Only After Monies Are Blocked In Investor’s Bank Account
New Delhi:  The ASBA applications in public Issues shall be processed only after the application monies are blocked in the investor’s bank accounts, markets regulator announced on Monday. Accordingly, all intermediaries and market infrastructure institutions are advised to ensure that appropriate systemic and procedural arrangements are made within three months from the date of issuance […] The post Public Issue Application To Be Processed Only After Monies Are Blocked In Investor’s Bank Account appeared first on Ommcom News.

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