Hi Harish
If you are planning to use Canu you'll need to extract the subreads from the fastq/a file. For this you can use bam2fastq/a from smrtlink to extract reads from bam.
For that purpose, I think any general purpose bam to fastq converter will work. I used the latest version of samtools and that worked fine. It was interesting to know that canu can assemble the reads differently when supplied with fastq or fastq converted fasta files.
After this you can use canu to filter your reads using correct and trim modules and then assemble, for this refer canu's documentation. Or the alternative is you can use LoRDEC and then go for Canu assembly directly.
By default, canu performs all the 3 steps i.e. error correction, trimming and assembly. Thanks for suggesting LoRDEC; I ll have a look.
If you are planning to use HGAP4 or the likes from smrtlink portal, you can refer smrtlink documentation with the needed section being "Data Management"
My primary concern is QC. As suggested in the original post above, the files that I have; are those sufficient for using in SMRTlink? If yes, how to perform QC ?
Thanks
Vijay

How to add images to a Biostars post
Sorry, I accidentally submit the question in between. Thanks Wouter
What is the expected insert size in your libraries? One reason sequel is popular is one can get much longer sequences (tens of kb) so CCS may not be coming into play (when you have the right kind of library). At least that is what I would think.
Thankfully I had bookmarked this tutorial, which you may find useful: Polish PacBio assembly with latest PacBio tools : an affordable solution for everyone
While good that tutorial is for RS II which had different data formats than Sequel. It may only be partially useful.
Just wanted to update that you are correct. That tutorial is not helping much in my case.