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ASBA mandatory for non-retail investors from May: Sebi

PUBLISHED ON: February 7, 2011 | Duration: 2 min, 58 sec

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Market regulator SEBI has made AS-BA, Application Supported by Blocked Amount, mandatory for institutional investors from May 1. SEBI has also made a recommendation for amendment in the Companies Act where an investor with a vested interest should be barred from voting on the same issue.
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