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3.
Direct Credit – Investors having bank accounts with the Bankers to the Issue shall be eligible to receive
refunds through direct credit. Charges, if any, levied by the relevant bank(s) for the same would be borne by
the Company.
4.
RTGS – Investors having a bank account at any centre where such facility has been made available and
whose refund amount exceeds Rs. 1 million, have the option to receive refund through RTGS. Such eligible
Investors who indicate their preference to receive refund through RTGS are required to provide the IFSC
Code in the CAF. In the event the same is not provided, refund shall be made through ECS. Charges, if any,
levied by the refund bank(s) for the same would be borne by the Company. Charges, if any, levied by the
Investor’s bank receiving the credit would be borne by the Investor.
5. For all other applicants, except for whom the payment of refund is possible through the four options specified
above, the refund orders will be dispatched through speed post/ registered post for refund orders. Such
refunds will be made by cheques, pay orders or demand drafts drawn in favour of sole/ first applicant and
will be payable at par. Adequate funds would be made available to the Registrar to the Issue for this purpose.
Printing of Bank Particulars on Refund Orders
As a matter of precaution against possible fraudulent encashment of refund orders due to loss or misplacement,
the particulars of the Investor’s bank account, where available, are mandatorily required to be given for printing
on the refund orders. Bank account particulars will be printed on the refund orders/ refund warrants which can
then be deposited only in the account specified. The Company will in no way be responsible if any loss occurs
through these instruments falling into improper hands either through forgery or fraud.
(G)
INTEREST IN CASE OF DELAY IN ALLOTMENT/ DESPATCH
Company shall ensure dispatch of refund orders, if any, under registered post or speed post or through modes as
mentioned in section, “Terms of the Issue” clause “Mode of Payment”, as applicable, only at the sole or First
Applicant’s sole risk within 15 (fifteen) days of closure of the Rights Issue, and adequate funds for making
refunds to unsuccessful applicants as per the mode(s) disclosed shall be made available to the Registrar to the
Issue by the Issuer.
In case of those shareholders who have opted to receive their Right Entitlement Shares in dematerialized form
by electronic credit under the depository system, an advice regarding the credit of the Equity Shares shall be
given separately.
Undertakings by the Company
The Company undertakes that:
1.
The complaints received in respect of the Issue shall be attended to by the Company expeditiously and
satisfactorily.
2.
All steps for completion of the necessary formalities for listing and commencement of trading at all the stock
exchanges where the Equity Shares are to be listed will be taken within 7 (seven) working days of
finalization of basis of allotment.
3.
That funds required for making refunds to unsuccessful applicants as per the modes disclosed shall be made
available to the Registrar to the Issue by the Company.
4.
That where refunds are made through electronic transfer of funds, a suitable communication shall be sent to
the applicant within 15 days of the Issue Closing Date, giving details of the bank where refunds shall be
credited along with amount and expected date of electronic credit of refund.
5.
That no further issue of Equity Share shall be made till the Equity Share offered through this Offer
Document are listed or till the application moneys are refunded on account of non-listing, under subscription,
etc.
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6.
Adequate arrangements shall be made to collect all ASBA applications and to consider them similar to non-
ASBA applications while finalising the basis of allotment.
The Issuer and Lead Manager shall update the Letter of Offer and keep the investors informed of any material
changes till the listing and trading commences.
Underwriting
The present Issue is not underwritten.
Utilization of Issue Proceeds
The Board of Directors declares that:
(i)
All monies received out of this Issue shall be transferred to a separate bank account as per sub-section (3)
of Section 73 of the Companies Act.
(ii)
Details of all monies utilized out of the Issue shall be disclosed under an appropriate separate head in the
balance sheet of the Company indicating the purpose for which such monies have been utilized.
(iii)
Details of all unutilized monies out of the Issue, if any, shall be disclosed under an appropriate separate
head in the balance sheet of the Company indicating the form in which such unutilized monies have been
invested.
(iv)
The Company shall utilize the funds collected in the Issue only after the basis of allotment is finalized.
Minimum Subscription
If the Company does not receive the minimum subscription of 90% of the Issue, the Company shall forthwith
refund the entire subscription amount received within 15 (fifteen) days from the Issue Closing Date. If such
money is not repaid within 8 (eight) days from the day the Company becomes liable to repay it, (i.e. 15 days after
the Issue Closing Date or the date of the refusal by the Stock Exchange(s), whichever is earlier) the Company
and every Director of the Company who is an officer in default shall, on and from expiry of 8 (eight) days, be
jointly and severally liable to repay the money with interest as prescribed under Section 73 of the Companies
Act.
Important
1.
Please read this Draft Letter of Offer carefully before taking any action. The instructions contained in the
accompanying CAF are an integral part of the conditions of this Draft Letter of Offer and must be carefully
followed; otherwise the application is liable to be rejected.
2.
All enquiries in connection with this Draft Letter of Offer or accompanying CAF and requests for SAFs must
be addressed (quoting the registered folio number/ DP and Client ID number, the CAF number and the name
of the first equity Shareholder as mentioned on the CAF and superscribed “RRL – Rights Issue” on the
envelope and postmarked in India) to the Registrar to the Issue at the following address:
Cameo Corporate Services Limited
Subramanian Building No. 1
Club House Road,
Chennai -600 002
Tel.: +91-044-2846 0390
Fax: +91-044-28460129
Website: www.cameoindia.com
Email: cameo@cameoindia.com
3.
It is to be specifically noted that this Issue of Equity Shares is subject to the risks and uncertainties
mentioned in the section titled “Risk Factors “beginning on page 14 of this Draft Letter of Offer.
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