The CDS and Clearing Limited
Thursday said that 60 banks and financial institutions were involved in the
C-ASBA (Centralised Application for ASBA-based Issuance) system so far.
“The participation of BFIs in
the new technology-based system is very encouraging. About 139,502 investors
have obtained the C-ASBA Registration Number (CRN) so far,” said Chief
Executive Officer of the CDSC, Dev Prakash Gupta.
The CDSC is fully implementing
the C-ASBA system from Friday. It was piloting the new system since August
2017.
Its implementation will
facilitate the investors in buying the Initial Public Offering (IPO) shares
from their homes.
The customers of C-ASBA member
banks can obtain the CRN from any branch of the bank.
With the full implementation of
C-ASBA, the investors interested in buying the IPO of the Raswagadhi and Sanjen
hydroelectricity projects should apply through the new system.
However, the IPO applicant of
these two companies should visit the respective bank.
The contributors of the
Employees’ Provident Fund should submit the copy of their fund identity card,
CRN and IPO form at the bank in order to apply for the shares of Rasuwagadhi
and Sanjen.
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