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•
is holding the Equity Shares in dematerialised form and has applied towards his/ her rights entitlements or
additional Equity Shares in the Issue in dematerialised form;
•
has not renounced his entitlements in full or in part;
•
is not a Renouncee;
•
has not split the CAF.
•
is applying through a bank account maintained with one of the SCSBs.
CAF
The Registrar to the Issue will dispatch the CAF to all Equity Shareholders as per their entitlement on the Record
Date for the Issue.
Equity Shareholders desiring to use the ASBA Process are required to submit their applications by selecting the
ASBA Option in Part A of the CAF or on the plain paper application providing necessary details and indicate
that they wish to apply through the ASBA payment mechanism. On submission of the CAF after selecting the
ASBA Option in Part A, the Equity Shareholders are deemed to have authorized (i) the SCSB to do all acts as are
necessary, including blocking or unblocking of funds in the bank account maintained with the SCSB specified in
the CAF or on the plain paper and transfer of funds to the separate bank account maintained by the Company as
per the provisions of section 73(3) of the Companies Act, 1956 on receipt of instruction from the Registrar to the
Issue after finalization of the basis of Allotment; and (ii) the Registrar to the Issue to issue instructions to the
SCSB to remove the block on the funds in the bank account specified in the CAF or on the plain paper, upon
finalization of the basis of Allotment.
Application in electronic mode will only be available with such SCSB who provides such facility. The Equity
Shareholder shall submit the CAF/ plain paper application to the SCSB for authorising such SCSB to block an
amount equivalent to the amount payable on the application in the said bank account maintained with the same
SCSB. However, no more than five applications (including CAF and plain paper application) can be submitted
per bank account in the Issue. In case of withdrawal/ failure of the Issue, the Lead Manager, through the
Registrar to the Issue, shall notify the SCSBs to unblock the blocked amount of the equity Shareholder applying
through ASBA within one day from the day of receipt of such notification.
Acceptance of the Issue
You may accept the Issue and apply for the Equity Shares either in full or in part, without renouncing the
balance, by filling Part A of the CAF sent by the Registrar to the Issue and selecting the ASBA process option in
Part A of the CAF and submit the same to the SCSB before the close of the banking hours on or before the Issue
Closing Date or such extended time as may be specified by the Board of Directors of the Company in this regard.
Mode of payment
The Equity Shareholder applying under the ASBA Process agrees to block the entire amount payable on
application with the submission of the CAF, by authorizing the SCSB to block an amount, equivalent to the
amount payable on application, in a bank account maintained with the SCSB.
After verifying that sufficient funds are available in the bank account provided in the CAF, the SCSB shall block
an amount equivalent to the amount payable on application mentioned in the CAF until it receives instructions
from the Registrar to the Issue. Upon receipt of intimation from the Registrar to the Issue the SCSBs shall
transfer such amount as per Registrar to the Issue’s instruction allocable to the Equity Shareholders applying
under the ASBA Process from bank account with the SCSB mentioned by the Equity Shareholder in the CAF.
This amount will be transferred in terms of the SEBI (ICDR) Regulations, into the separate bank account
maintained by the Company as per the provisions of section 73(3) of the Companies Act, 1956. The balance
amount remaining after the finalisation of the basis of allotment shall be either unblocked by the SCSBs or
refunded to the investors by the Registrar to the Issue on the basis of the instructions issued in this regard by the
Registrar to the Issue and the Lead Manager to the respective SCSB.
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The Equity Shareholders applying under the ASBA Process would be required to block the entire amount
payable on their application at the time of the submission of the CAF.
The SCSB may reject the application at the time of acceptance of CAF if (i) the bank account with the SCSB
details of which have been provided by the equity Shareholder in the CAF does not have sufficient funds
equivalent to the amount payable on application mentioned in the CAF or (ii) more than five (5) applications
(including CAF and plain paper application) are submitted per account held with the SCSB in the Issue.
Subsequent to the acceptance of the application by the SCSB, the Company would have a right to reject the
application only on technical grounds.
Options available to the Equity Shareholders applying under the ASBA
The summary of options available to the Equity Shareholders is presented below. You may exercise any of the
following options with regard to the Equity Shares, using the respective CAF received from Registrar to the
Issue:
Option Available
Action Required
Accept whole or part of your entitlement
without renouncing the balance.
Fill in and sign Part A of the CAF (All joint holders must
sign)
Accept your entitlement in full and apply for
additional Equity Shares
Fill in and sign Part A of the CAF including Block III
relating to the acceptance of entitlement and Block IV
relating to additional Equity Shares (All joint holders must
sign)
The Equity Shareholder applying under the ASBA Process will need to select the ASBA option process in
the CAF and provide required necessary details. However, in cases where this option is not selected, but
the CAF is tendered to the SCSB with the relevant details required under the ASBA process option and
SCSB blocks the requisite amount, then that CAF would be treated as if the Equity Shareholder has
selected to apply through the ASBA process option.
Additional Equity Shares
You are eligible to apply for additional Equity Shares over and above the number of Equity Shares that you are
entitled to, provided that you have applied for all the Equity Shares (as the case may be) offered without
renouncing them in whole or in part in favour of any other person(s). Applications for additional Equity Shares
shall be considered and allotment shall be made at the sole discretion of the Board of Directors of the Company
or any Committee of Directors, in consultation with the Designated Stock Exchange and in the manner
prescribed under “Basis of Allotment” on page 225 of this Draft Letter of Offer.
If you desire to apply for additional Equity Shares please indicate your requirement in the place provided for
additional Equity Shares in Part A of the CAF.
Renunciation under the ASBA Process
Renouncees cannot participate in the ASBA Process.
Application on Plain Paper
An Equity Shareholder who has neither received the original CAF nor is in a position to obtain the duplicate
CAF and who is not applying under the ASBA Process may make an application to subscribe to the Issue on
plain paper. Equity Shareholders applying on the basis of a plain paper application are required to indicate their
choice of applying under the ASBA Process.
The envelope should be superscribed “RRL – RIGHTS ISSUE” and should be postmarked in India. The
application on plain paper, duly signed by the Investors including joint holders, in the same order as per
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