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Can I apply in an issue through ASBA facility and through “normal existing system of payment through cheque” in an issue?

April 26, 2017ASBA existing facility ISSUE payment system

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Can I apply in an issue through ASBA facility and through “normal existing system of payment through cheque” in an issue?

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No. An investor can apply either through ASBA or through existing system of payment through cheque. If an applicant applies through both, ASBA as well as non-ASBA then both the applications having the same PAN, will be treated as multiple application and hence will be rejected.