DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
3. RTGS – Applicants having a bank account at any of the
centres where such facility has been made available and
whose refund amount exceeds ` 2 lakh, have the option to
receive refund through RTGS provided the Demographic
Details downloaded from the Depositories contain the nine
digit MICR code of the Applicant’s bank which can be
mapped with RBI data to obtain the corresponding Indian
Financial System Code (“IFSC”). Charges, if any, levied by
the applicant‘s bank receiving the credit would be borne by
the Applicant.
4. NEFT – Payment of refund will be undertaken through NEFT
wherever the Applicant’s bank has been assigned the IFSC
which can be linked to an MICR code, if any, available to that
particular bank branch. IFSC will be obtained from the website
of RBI as on a date immediately prior to the date of payment
of refund, duly mapped with MICR numbers. Wherever the
Applicants have registered their nine digit MICR number
and their bank account number while opening and operating
the beneficiary account, the same will be duly mapped with
the IFSC of that particular bank branch and the payment of
refund will be made to the applicants through this method.
The process flow in respect of refunds by way of NEFT is at
an evolving stage, hence use of NEFT is subject to
operational feasibility, cost and process efficiency. If NEFT
is not operationally feasible, the payment of refunds would
be made through any one of the other modes as discussed in
the sections.
5. For all other applicants, including those who have not
updated their bank particulars with the MICR code, the refund
orders will be dispatched through speed/registered post only
to Applicants that have provided details of a registered
address in India. Such refunds will be made by cheques, pay
orders or demand drafts drawn on the relevant Refund Bank
and payable at par at places where Applications are received.
Bank charges, if any, for cashing such cheques, pay orders
or demand drafts at other centres will be payable by the
Applicants.
57. Mode of refunds for ASBA Applicants
In case of ASBA Applicants, the Registrar to the Issue will instruct
the relevant SCSB to unblock funds in the relevant ASBA Account
for withdrawn, rejected or unsuccessful or partially successful
ASBA Applications within 12 Working Days of the Issue Closing
Date.
INTEREST ON APPLICATION AND REFUND MONEY
58. Interest on application monies received which are used
towards allotment of Bonds
We shall pay interest on the amount for which Bonds are allotted
to the Applicants (except ASBA Applicants) subject to deduction
of income tax under the Income Tax Act, as applicable to the
Allottee, from the date of realization of the cheque(s)/demand
draft(s) or three days from the date of upload of the Application
on the electronic platform of the Stock Exchange whichever is
later up to one day prior to the Deemed date of Allotment, at the
rate of 6.97% p.a for Allottees under Category I, II and III Portions
and at the rate 7.47% p.a. for Allottees under Category IV Portion.
We may enter into an arrangement with one or more banks in one
or more cities for direct credit of interest to the account of the
Applicants. Alternatively, the interest warrant will be dispatched
along with the Allotment Advice at the sole risk of the Applicant,
to the sole/first Applicant.
59. Interest on application monies received which are liable to
be refunded
We shall pay interest on application money which is liable to be
refunded to the Applicants (except ASBA Applicants) in
accordance with the SEBI Debt Regulations, or other applicable
statutory and/or regulatory requirements, subject to deduction
of income tax under the Income Tax Act, as applicable, from the
date of realization of the cheque(s)/demand draft(s) or three days
from the date of upload of the Application on the electronic
platform of the Stock Exchanges whichever is later up to one day
prior to the Deemed Date of Allotment, at the rate of 5% per
annum. Such interest shall be paid along with the monies liable to
be refunded. Interest warrant will be dispatched/credited (in case
of electronic payment) along with the refund orders at the sole
risk of the applicant, to the sole/first applicant.
Provided that, notwithstanding anything contained hereinabove,
the Company shall not be liable to pay any interest on application
monies to the ASBA Applicants and on monies liable to be
refunded in case of (a) invalid applications or applications liable
to be rejected, and/or (b) applications which are withdrawn by
the applicant, and/or (c) refund monies to the ASBA Applicants.
For more information, see “Issue Procedure - Rejection of
Application” on page 146 of the Prospectus.
REDEMPTION
The Company will redeem the Bonds on the Maturity Date.
60. Bonds held in electronic form:
No action is required on the part of Bondholders at the time of
maturity of the Bonds.
61. Bonds held in physical form:
No action will ordinarily be required on the part of the Bondholder
at the time of redemption, and the Maturity Amount will be paid
to those Bondholders whose names appear in the Register of
Bondholders maintained by the Company on the Record Date
fixed for the purpose of redemption. However, the Company may
require the Bond Certificate(s), duly discharged by the sole holder
or all the joint-holders (signed on the reverse of the Consolidated
Bond Certificate(s)) to be surrendered for redemption on Maturity
Date and sent by the Bondholders by registered post with
acknowledgment due or by hand delivery to the Registrar to the
Issue or the Company or to such persons at such addresses as
26
DREDGING CORPORATION OF INDIA LIMITED