6 BFIs apt for ASBA system; implementation of the system from Magh 1
Mon, Dec 5, 2016 4:27 PM on Latest, Featured, Stock Market,
Securities Board of Nepal (SEBON) will be implementing Application Supported by Blocked Amount (ASBA) system from Magh 1, 2073.
Earlier, the board has urged Bank and Financial Institutions (BFIs) to provide application as soon as possible.Positive response has come along with flow of BFIs registering for ASBA system.
Till date following development banks have come forth to be a part of ASBA system:
With the implementation of ASBA system, investors applying for Initial Public Offerings (IPO) and Further Public Offering (FPO) to apply it online who have bank account in commercial and national level development banks. Investors can apply for the IPO/FPO online as the amount worth application will be blocked in the investor’s respective account.
Also the Board is preparing an easy modality for the implementation of the system which is very popular in foreign countries.
The Board has defined following criteria to be a part of the system:
With the implementation of ASBA system, investors applying for Initial Public Offerings (IPO) and Further Public Offering (FPO) to apply it online who have bank account in commercial and national level development banks. Investors can apply for the IPO/FPO online as the amount worth application will be blocked in the investor’s respective account.
Also the Board is preparing an easy modality for the implementation of the system which is very popular in foreign countries.
The Board has defined following criteria to be a part of the system:
