ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.
2.
He estimates that the value of Beef Eaters is $ 2.5 million, and he reserves the right to call off the contest ( and refund all application money ) if he receives fewer than 25, 000 applications.
3.
He estimates that the value of Beef Eaters is $ 2 . 5 million, and he reserves the right to call off the contest ( and refund all application money ) if he receives fewer than 25, 000 applications.
4.
If an investor is applying through ASBA, his application money shall be debited from the bank account only if his / her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn / failed.
5.
Number out of every 100 public issues that were oversubscribed in 1995-96 : 39 Number out of every 100 companies in 1996-97 that had to return application money to investors for failing to raise minimum stipulated amount in capital issue : 7 Copyright 1998 BUSINESS INDIA all rights reserved as distributed by WorldSources, Inc.
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