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Draft purchased out of NRO Account maintained elsewhere in India but payable at Chennai. In such cases, the
allotment of Equity Shares will be on non-repatriation basis.
All cheques/drafts submitted by non-residents applying on non-repatriation basis should be drawn in favour of
"RRL - RIGHTS ISSUE”
payable at Chennai and must be crossed ‘A/c Payee only’ for the amount payable.
The CAF duly completed together with the amount payable on application must be deposited with the
Collecting Bank indicated on the reverse of the CAF before the close of banking hours on or before the Issue
Closing Date. A separate cheque or bank draft must accompany each CAF.
If the payment is made by a draft purchased from an NRO account, an account debit certificate from the bank
issuing the draft, confirming that the draft has been issued by debiting the NRO account, should be enclosed
with the CAF. In the absence of the above, the application shall be considered incomplete and is liable to be
rejected.
New demat account shall be opened for holders who have had a change in status from resident Indian to NRI.
“Non-resident Indian Applicants may please note that only such application as are accompanied by
payment in free foreign exchange shall be considered for allotment. The Non-Resident Indians who
intend to make payment through Non-Resident Ordinary (NRO) accounts shall mention the details of the
bank account from which their payment is being made.”
Note:
• In case where repatriation benefit is available, interest, dividend, sales proceeds derived from the
investment in Equity Shares can be remitted outside India, subject to tax, as applicable according to I. T.
Act, 1961.
• In case Equity Shares are allotted on non-repatriation basis, the dividend and sale proceeds of the Equity
Shares cannot be remitted outside India.
• The CAF duly completed together with the amount payable on application must be deposited with the
Collecting Bank indicated on the reverse of the CAF before the close of banking hours on or before the
Issue Closing Date. A separate cheque or bank draft must accompany each CAF.
• In case of an application received from non-residents, allotment, refunds and other distribution, if any, will
be made in accordance with the guidelines/ rules prescribed by RBI as applicable at the time of making
such allotment, remittance and subject to necessary approvals.
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(D)
PROCEDURE FOR APPLICATION THROUGH THE APPLICATIONS SUPPORTED BY
BLOCKED AMOUNT (“ASBA”) PROCESS
SEBI, by its circular dated August 20, 2009, introduced in rights issue - application supported by blocked
amount wherein the application money remains in the ASBA Account until allotment. Mode of payment
through ASBA in Rights Issue became effective on August 20, 2009. Since this is a new mode of payment in
Rights Issues, set forth below is the procedure for applying under the ASBA procedure, for the benefit of the
shareholders.
This section is for the information of Equity Shareholders proposing to subscribe to the Issue through the
ASBA Process. The Company and the Lead Manager are not liable for any amendments or modifications
or changes in applicable laws or regulations, which may occur after the date of this Draft Letter of Offer.
Equity Shareholders who are eligible to apply under the ASBA Process are advised to make their
independent investigations and ensure that the number of Equity Shares applied for by such Equity
Shareholders do not exceed the applicable limits under laws or regulations. Equity Shareholders
applying under the ASBA Process are also advised to ensure that the CAF is correctly filled up, stating
therein the bank account number maintained with the SCSB in which an amount equivalent to the
amount payable on application as stated in the CAF will be blocked by the SCSB.
The list of banks who have been notified by SEBI to act as SCSB for the ASBA Process are provided on the
SEBI website (
www.sebi.gov.in
)
. For details on designated branches of SCSB collecting the CAF, please refer
the SEBI website.
Please note that pursuant to the SEBI circular dated April 29, 2011, all applicants who are QIBs or are
applying in this Issue for Equity Shares for an amount exceeding Rs. 200,000, shall mandatorily make use
of ASBA facility.
ASBA PROCESS:
An ASBA Investor can submit his application through CAF/plain paper, either in physical or electronic mode, to
the SCSB with whom the bank account of the ASBA Investor or bank account utilized by the ASBA Investor is
maintained. The SCSB shall block an amount equal to the application amount in the ASBA Account specified in
the CAF, physical or electronic, on the basis of an authorization to this effect given by the account holder at the
time of submitting the CAF. The application data shall thereafter be uploaded by the SCSB in the web enabled
interface
of
the
Stock
Exchanges
as
prescribed
under
circular
issued
by
SEBI
-
SEBI/CFD/DIL/DIP/38/2009/08/20 dated August 20, 2009 or in such manner as may be decided in consultation
with the Stock Exchanges. The amount payable on application shall remain blocked in the ASBA Account until
finalization of the Basis of Allotment and consequent transfer of the amount against the allocated Equity Shares
to the separate account opened by our Company for Rights Issue or until failure of the Issue or until rejection of
the ASBA application, as the case may be. Once the basis of Allotment is finalized, the Registrar to the Issue
shall send an appropriate request to the Controlling Branch for unblocking the relevant ASBA Accounts and for
transferring the amount allocable to the successful ASBA Investors to the separate account opened by our
Company for Rights Issue. In case of withdrawal/failure of the Issue, the blocked amount shall be unblocked on
receipt of such information from the Registrar to the Issue.
The Lead Manager, our Company, its directors, affiliates, associates and their respective directors and officers
and the Registrar to the Issue shall not take any responsibility for acts, mistakes, errors, omissions and
commissions etc. in relation to applications accepted by SCSBs, Applications uploaded by SCSBs, applications
accepted but not uploaded by SCSBs or applications accepted and uploaded without blocking funds in the ASBA
Accounts. It shall be presumed that for applications uploaded by SCSBs, the amount payable on application has
been blocked in the relevant ASBA Account.
Equity Shareholders who are eligible to apply under the ASBA Process
The option of applying for Equity Shares in the Issue through the ASBA Process is available to all Equity
Shareholders of the Company on the Record Date and who:
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