The mandatory responsibilities of the Registrar to the Issue in managing the ASBA (Application Supported by Blocked Amount) process.

Role and responsibilities of Registrar to the Issue shall include the following:

1. Registrar to the Issue shall obtain the electronic bid data (including the Application Supported by Blocked Amount (ASBA) bid data) from the Stock Exchange(s) and match the DP ID, Client ID and PAN specified in the electronic bid file with the depository’s database, for the purpose of acceptance of applications and finalisation of the basis of allotment.

2. Registrar to the issue shall intimate before opening of the issue the basis of commission payable to SCSBs, the bid / issue opening and closing date/time, including details of revision in price band/ floor price/ bidding period, if any to SCSBs.

3. Registrar to the Issue shall inform each Self Certified Syndicate Bank (SCSB) about errors, if any, in the bid details, along with an advice to send the rectified data within a specific date, which shall be specified by the Registrar.

4. Once the basis of allotment is approved by the Designated Stock Exchange, the Registrar to the Issue shall provide the following details to the Controlling Branch (CB) of each SCSB, along with instructions to unblock the relevant bank accounts and transfer the requisite money to the issuer’s account designated for this purpose, within the timelines specified in the ASBA facility:

(i) Number of shares to be allotted against each valid ASBA.

(ii) Amount to be transferred from the relevant bank account to the issuer’s account, for each valid ASBA.

(iii) The date by which the funds referred in sub‐para (ii) above, shall be transferred to the issuer’s account designated for this purpose.

(iv) Details of rejected ASBAs, if any, along with reasons for rejection and details of withdrawn/ unsuccessful ASBAs, if any, to enable SCSBs to unblock the respective bank accounts.

5. The Registrar to the Issue shall be responsible for the correctness and validity of the information furnished by it to SCSBs and shall be liable for all its omissions and commissions in discharging its responsibilities in the ASBA facility.

6. Registrar to the Issue shall act as a nodal agency for redressing complaints of investors, including providing guidance to investors regarding approaching the SCSB concerned.

7. Registrar to the Issue shall maintain accurately, at all times, the electronic records relating to ASBAs received from all SCSBs, including the following:

(i) ASBAs taken from the electronic bidding system of the Stock Exchange(s) and ASBAs furnished by SCSBs in respect of the issue;

(ii) particulars relating to allotment of equity shares against valid ASBAs;

(iii) particulars relating to the requisite money to be transferred to the issuer’s account against valid ASBAs; and

(iv) Details of rejected/ withdrawn/ unsuccessful ASBAs, if any