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Letters intimating allotment and unblocking or refund (if any) would be mailed at the address of the
Equity Shareholder applying under the ASBA Process as per the Demographic Details received from the
Depositories. Refunds, if any, will be made directly to the bank account in the SCSB and which details are
provided in the CAF and not the bank account linked to the DP ID. Equity Shareholders applying under
the ASBA Process may note that delivery of letters intimating unblocking of bank account may get
delayed if the same once sent to the address obtained from the Depositories are returned undelivered. In
such an event, the address and other details given by the Equity Shareholder in the CAF would be used
only to ensure dispatch of letters intimating unblocking of bank account.
Note that any such delay shall be at the sole risk of the Equity Shareholders applying under the ASBA
Process and none of the Company, the SCSBs or the Lead Manager shall be liable to compensate the
Equity Shareholder applying under the ASBA Process for any losses caused to such Equity Shareholder
due to any such delay or liable to pay any interest for such delay.
In case no corresponding record is available with the Depositories that match three parameters, namely, name(s)
of the Equity Shareholder(s) (including the order of names of joint holders), the DP ID and the beneficiary
account number, then such applications are liable to be rejected. Application will not be accepted by the Lead
Manager or by the Company.
Note on cash payment (section 269 SS)
Having regard to the provisions of Section 269 SS of the I. T. Act, 1961, subscriptions against applications for
securities should not be effected in cash and must be effected only by ‘Account Payee’ cheques or ‘Account
Payee’ bank drafts, if the amount payable is Rs. 20,000/- or more. In case payment is effected in contravention
of this provision, the application is liable to be rejected.
Payment by Stock invest
In terms of RBI Circular DBOD No. FSC BC 42/24.47.00/2003- 04 dated November 5, 2003, the Stockinvest
Scheme has been withdrawn. Hence, payment through Stockinvest would not be accepted in this Issue.
Bank details of the applicant
The applicant must fill in the relevant column in the CAF giving particulars of Savings Bank/ Current Account
Number and the name of the Bank with whom such accounts is held, to enable the Registrar to the Issue to print
the said details in the Refund Orders, if any, after the name of the payees. Please note that provision of Bank
Account details has now been made mandatory and applications not containing such details are liable to be
rejected.
Application number on the cheque/ demand draft
To avoid any misuse of instruments, the applicants are advised to write the application number and name of the
first applicant on the reverse of the cheque/ demand draft.
Grounds for Technical Rejections
Investors are advised to note that applications are liable to be rejected on technical grounds, including the
following:
•
Amount paid does not tally with the amount payable for;
•
Bank account details (for refund) are not given/ incomplete/ incorrect
•
Age of first Investor not given;
•
Except for CAF on behalf of the Central or State Government and the officials appointed by the courts, PAN
number not given for application of any value;
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•
In case of CAF under power of attorney or by limited companies, corporate, trust, etc., relevant documents
are not submitted;
•
If the signature of the Equity Shareholder does not match with the one given on the CAF and for
Renounce(s) if the signature does not match with the records available with their depositories;
•
If the Investors desires to have Equity Shares in electronic form, but the CAF does not have the Investor’s
depository account details;
•
CAFs are not submitted by the Investors within the time prescribed as per the CAF and the Draft Letter of
Offer;
•
CAFs not duly signed by the sole/ joint Investors;
•
Applications by NRIs, FIIs and non-residents without prior RBI approval to subscribe to the partly paid up
Equity Shares of the Company; CAFs by OCBs; CAFs accompanied by Stockinvest;
•
In case no corresponding record is available with the depositories that matches three parameters, namely,
names of the Investors (including the order of names of joint holders), the Depositary Participant’s identity
(DP ID) and the beneficiary’s identity;
•
CAF that do not include the certification set out in the CAF to the effect that the subscriber is not a “U.S.
person” (as defined in Regulation S), and does not have a registered address (and is not otherwise located) in
the United States and is authorized to acquire the rights and the securities in compliance with all applicable
laws and regulations;
•
CAF which have evidence of being executed in/ dispatched from the US;
•
CAF by ineligible non-residents (including on account of restriction or prohibition under applicable local
laws) and where a registered address in India has not been provided;
•
CAF where the Company believes that CAF is incomplete or acceptance of such CAF may infringe
applicable legal or regulatory requirements;
•
Submission of the GIR number instead of the PAN;
•
Applications by Renouncees who are persons not competent to contract under the Indian Contract Act, 1872,
including minors;
•
Multiple CAF; and
•
Please read the Letter of Offer and the instructions contained herein and in the CAF carefully before filling in
the CAF. The instructions contained in the CAF are each an integral part of the Draft Letter of Offer and
must be carefully followed. CAF is liable to be rejected for any non-compliance of the provisions contained
in the Draft Letter of Offer or the CAF.
General instructions for Investors
(a)
Please read the instructions printed on the enclosed CAF carefully.
(b)
Application should be made on the printed CAF, provided by the Company except as mentioned under the
head “Terms of the Issue” on page 198 and should be completed in all respects. The CAF found incomplete
with regard to any of the particulars required to be given therein, and/ or which are not completed in
conformity with the terms of the Letter of Offer are liable to be rejected and the money paid, if any, in
respect thereof will be refunded without interest and after deduction of bank commission and other charges,
if any. The CAF must be filled in English and the names of all the Investors, details of occupation, address,
father’s/ husband’s name must be filled in block letters.
(c)
The CAF together with cheque/ demand draft should be sent to the Bankers to the Issue/ Collecting Bank or
to the Registrar to the Issue and not to the Company or the Lead Manager. Investors residing at places other
than cities where the branches of the Bankers to the Issue have been authorised by the Company for
collecting applications, will have to make payment by demand draft payable at Chennai of an amount net of
bank and postal charges and send their CAFs to the Registrar to the Issue by registered post. If any portion of
the CAF is/ are detached or separated, such application is liable to be rejected.
Applications where separate cheques/ demand drafts are not attached for amounts to be paid for Equity
Shares are liable to be rejected.
(d)
Except for CAF on behalf of the Central or State Government and the officials appointed by the courts, PAN
of the Investor and for each Investor in case of joint names, irrespective of the total value of the Equity
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