DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis
DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis
DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis
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IN THE NATURE OF <strong>FORM</strong>2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS<br />
(d) Payments should be made by cheque or demand draft drawn<br />
on any bank (including a cooperative bank) which is situated<br />
at and is a member of or sub-member of the bankers’ clearing<br />
house located at the centre where the Application Form is<br />
submitted. Outstation cheques, post-dated cheques and<br />
cheques/bank drafts drawn on banks not participating in<br />
the clearing process will not be accepted and Applications<br />
accompanied by such cheques or bank drafts are liable to be<br />
rejected. Cash/stockinvest/money orders/postal orders will<br />
not be accepted. Cheques without the nine digit MICR code<br />
are liable to be rejected.<br />
(e) Applicants are advised to provide the number of the<br />
Application Form on the reverse of the cheque or bank draft<br />
to avoid misuse of instruments submitted with the<br />
Application Form.<br />
(f) The monies deposited in the Escrow Accounts will be held<br />
for the benefit of the Applicants (other than ASBA<br />
Applicants) till the Designated Date.<br />
(g) On the Designated Date, the Escrow Collection Banks shall<br />
transfer the funds from the Escrow Accounts as per the terms<br />
of the Escrow Agreement into the Public Issue Account(s)<br />
with the Bankers to the Issue and the refund amount shall be<br />
transferred to the Refund Account.<br />
37. Payment by cash/stockinvest/money order<br />
Payment through cash/stockinvest/money order will not be<br />
accepted in the Issue.<br />
38. Online Applications<br />
The Company may decide to offer an online Application facility<br />
for the Bonds, as and when permitted by applicable laws, subject<br />
to the terms and conditions prescribed.<br />
SUBMISSION OF DULY COMPLETED <strong>APPLICATION</strong> <strong>FORM</strong>S<br />
Mode of Submission of Application Forms To whom the<br />
Application Form has to be submitted<br />
ASBA Applications (i) If using physical Application Form, (a)<br />
to the Members of the Syndicate or<br />
Trading Members of the Stock Exchanges<br />
only at the Specified Cities (“Syndicate<br />
ASBA”), or (b) to the Designated<br />
Branches of SCSBs where the ASBA<br />
Account is maintained; or(ii) If using<br />
electronic Application Form, to the<br />
SCSBs, electronically through internet<br />
banking facility, if available.<br />
Non-ASBA The Members of the Syndicate or Trading<br />
Applications Members of the Stock Exchanges.<br />
(other than Note: Applications for Allotment in<br />
Direct Online physical form can be made only by using<br />
Applications) non-ASBA Applications (other than<br />
Direct Online Applications).<br />
No separate receipts will be issued for the Application Amount<br />
payable on submission of Application Form. However, the Lead<br />
Managers/Lead Brokers/Trading Members of Stock Exchanges<br />
will acknowledge the receipt of the Application Forms by stamping<br />
the date and returning to the Applicants an acknowledgement<br />
slip which will serve as a duplicate Application Form for the records<br />
of the Applicant.<br />
39. Applicants other than ASBA Applicants are advised not to<br />
submit Application Forms directly to Escrow Collection Bank(s);<br />
and the same are liable to be rejected and the Applicants will not<br />
be entitled to any compensation whatsoever.<br />
40. REJECTION OF <strong>APPLICATION</strong>S<br />
The Company reserves its full, unqualified and absolute right to<br />
accept or reject any Application in whole or in part and in either<br />
case without assigning any reason thereof. Applications would<br />
be liable to be rejected on one or more technical grounds,<br />
including but not restricted to the following:<br />
• Applications where a registered address in India is not<br />
provided for the Applicant.<br />
• Applications by persons who are not eligible to acquire<br />
Bonds of the Company in terms of applicable laws, rules,<br />
regulations, guidelines and approvals, including<br />
Applications by persons not competent to contract under<br />
the Indian Contract Act, 1872 (including a minor without a<br />
guardian name) and Applications by OCBs.<br />
• In case of partnership firms, Bonds may be registered in the<br />
names of the individual partners and no firm as such will be<br />
entitled to apply. However, a limited liability partnership firm<br />
can apply in its own name.<br />
• In case of Applications under power of attorney or by<br />
corporates, trusts, societies, etc., relevant documents are<br />
not submitted.<br />
• Applications accompanied by Stockinvest/money order/<br />
postal order/cash.<br />
• Applications for an amount below the minimum Application<br />
size.<br />
• Applications for amounts greater than the maximum<br />
permissible amounts prescribed by the regulations and<br />
applicable law.<br />
• Applications without payment of the entire Application<br />
Amount. However, the Company may Allot Bonds up to the<br />
value of Application Amounts paid, if such Application<br />
Amounts exceed the minimum Application size prescribed<br />
hereunder.<br />
• Application Amount paid not tallying with the number of<br />
Bonds applied for. However, the Company may Allot Bonds<br />
up to the value of Application Amounts paid, if such<br />
Application Amounts exceed the minimum Application size<br />
prescribed hereunder.<br />
DREDGING CORPORATION OF INDIA LIMITED 19