221
Do’s:
a.
Ensure that the ASBA Process option is selected in part A of the CAF and necessary details are filled in. In
case of non-receipt of the CAF, the application can be made on plain paper with all necessary details as
indicated under the heading “Application on Plain Paper” on page 210 of this Draft Letter of Offer.
b.
Ensure that you submit your application in physical mode only. Electronic mode is only available with
certain SCSBs and not all SCSBs and you should ensure that your SCSB offers such facility to you.
c.
Ensure that the details about your Depository Participant and beneficiary account are correct and the
beneficiary account is activated as Equity Shares will be allotted in the dematerialized form only.
d.
Ensure that the CAF/ plain paper application are submitted at the SCSBs whose details of bank account have
been provided in the CAF.
e.
Ensure that you have mentioned the correct bank account number in the CAF.
f.
Ensure that there are sufficient funds (equal to {number of Equity Shares as the case may be applied for} X
{Issue Price of Equity Shares, as the case may be}) available in the bank account maintained with the SCSB
mentioned in the CAF before submitting the CAF to the respective Designated Branch of the SCSB.
g.
Ensure that you have authorised the SCSB for blocking funds equivalent to the total amount payable on
application mentioned in the CAF/ plain paper application, in the bank account maintained with the
respective SCSB, of which details are provided in the CAF/ plain paper application and have signed the
same.
h.
Ensure that you receive an acknowledgement from the SCSB for your submission of the CAF/ plain paper
application in physical form.
i.
Each applicant should mention their PAN allotted under the I. T. Act.
j.
Ensure that the name(s) given in the CAF/ plain paper application is exactly the same as the name(s) in
which the beneficiary account is held with the Depository Participant. In case the CAF/ plain paper
application is submitted in joint names, ensure that the beneficiary account is also held in same joint names
and such names are in the same sequence in which they appear in the CAF/ plain paper application.
k.
Ensure that the demographic details are updated, true and correct, in all respects.
Don’ts:
1.
Do not apply on duplicate CAF after you have submitted a CAF to a Designated Branch of the SCSB.
2.
Do not pay the amount payable on application in cash, by money order or by postal order.
3.
Do not send your physical CAF/ plain paper application to the Lead Manager to the Issue/ Registrar to the
Issue/ Collecting Banks (assuming that such Collecting Bank is not a SCSB)/ to a branch of the SCSB which
is not a Designated Branch of the SCSB/ Company; instead submit the same to a Designated Branch of the
SCSB only.
4.
Do not submit the GIR number instead of the PAN as the application is liable to be rejected on this ground.
5.
Do not instruct your respective banks to release the funds blocked under the ASBA Process.
6.
Do not submit more than five (5) applications (including CAF and plain paper application) per bank account
maintained with the SCSB for the Issue.
222
Grounds for Technical Rejection under the ASBA Process
In addition to the grounds listed under “Grounds for Technical Rejections” on page 221 of this Draft Letter of
Offer, applications under the ABSA Process are liable to be rejected on the following grounds:
1.
Application for entitlements or additional Equity Shares in physical form.
2.
DP ID and Client ID mentioned in CAF/ plain paper application not matching with the DP ID and Client ID
records available with the Registrar to the Issue.
3.
Sending CAF/ plain paper application to the Lead Manager/ Registrar to the Issue/ Collecting Bank
(assuming that such Collecting Bank is not a SCSB)/ to a branch of a SCSB which is not a Designated
Branch of the SCSB/ Company.
4.
Renouncee applying under the ASBA Process.
5.
Insufficient funds are available with the SCSB for blocking the amount.
6.
Funds in the bank account with the SCSB whose details are mentioned in the CAF/ plain paper application
having been frozen pursuant to regulatory orders.
7.
Account holder not signing the CAF/ plain paper application or declaration mentioned therein.
8.
Submitting the GIR number instead of the PAN.
9.
Application on split form.
Depository account and bank details for Equity Shareholders applying under the ASBA Process
IT IS MANDATORY FOR ALL THE EQUITY SHAREHOLDERS APPLYING UNDER THE ASBA
PROCESS TO RECEIVE THEIR EQUITY SHARES IN DEMATERIALISED FORM. ALL EQUITY
SHAREHOLDERS APPLYING UNDER THE ASBA PROCESS SHOULD MENTION THEIR
DEPOSITORY PARTICIPANT’S NAME, DEPOSITORY PARTICIPANT IDENTIFICATION
NUMBER AND BENEFICIARY ACCOUNT NUMBER IN THE CAF. EQUITY SHAREHOLDERS
APPLYING UNDER THE ASBA PROCESS MUST ENSURE THAT THE NAME GIVEN IN THE CAF
IS EXACTLY THE SAME AS THE NAME IN WHICH THE DEPOSITORY ACCOUNT IS HELD. IN
CASE THE CAF IS SUBMITTED IN JOINT NAMES, IT SHOULD BE ENSURED THAT THE
DEPOSITORY ACCOUNT IS ALSO HELD IN THE SAME JOINT NAMES AND ARE IN THE SAME
SEQUENCE IN WHICH THEY APPEAR IN THE CAF.
Equity Shareholders applying under the ASBA Process should note that on the basis of name of these
Equity Shareholders, Depository Participant’s name and identification number and beneficiary account
number provided by them in the CAF/ plain paper application, the Registrar to the Issue will obtain from
the Depository demographic details of these Equity Shareholders such as address, bank account details for
printing on refund orders and occupation (“Demographic Details”). Hence, Equity Shareholders applying
under the ASBA Process should carefully fill in their Depository Account details in the CAF/ plain paper
application.
These Demographic Details would be used for all correspondence with such Equity Shareholders including
mailing of the letters intimating unblock of bank account of the respective Equity Shareholder. The Demographic
Details given by Equity Shareholders in the CAF would not be used for any other purposes by the Registrar to
the Issue. Hence, Equity Shareholders are advised to update their Demographic Details as provided to their
Depository Participants.
By signing the CAFs, the Equity Shareholders applying under the ASBA Process would be deemed to have
authorized the Depositories to provide, upon request, to the Registrar to the Issue, the required Demographic
Details as available on its records.
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