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 />
Categories of Applicants” and “Issue Procedure - Additional<br />
instructions for Applicants seeking Allotment of the Bonds in<br />
physical form” at pages 132 and 142, respectively of the prospectus.<br />
The Members of the Syndicate and Trading Members of the Stock<br />
Exchanges shall, on submission of the Application Forms to them,<br />
verify and check the KYC documents submitted by such Applicants<br />
and upload details of the Application on the online platforms of<br />
Stock Exchanges, following which they shall acknowledge the<br />
uploading of the Application Form by stamping the acknowledgment<br />
slip with the date and time and returning it to the Applicant.<br />
On uploading of the Application details, the Members of the<br />
Syndicate and Trading Members of the Stock Exchanges will submit<br />
the Application Forms, with the cheque/demand draft to the Escrow<br />
Collection Bank(s), which will realise the cheque/demand draft, and<br />
send the Application Form and the KYC documents to the Registrar<br />
to the Issue, who shall check the KYC documents submitted and<br />
match Application details as received from the online platforms of<br />
Stock Exchanges with the Application Amount details received from<br />
the Escrow Collection Bank(s) for reconciliation of funds received<br />
from the Escrow Collection Bank(s). In case of discrepancies between<br />
the two databases, the details received from the online platforms of<br />
Stock Exchanges will prevail, except in relation to discrepancies<br />
between Application Amounts. The Members of the Syndicate/<br />
Trading Members of the Stock Exchanges are requested to note<br />
that all Applicants are required to be banked with only the designated<br />
branches of Escrow Collection Bank(s). On Allotment, the Registrar<br />
to the Issue will dispatch Bond certificates/Allotment Advice to the<br />
successful Applicants to their addresses as provided in the<br />
Application Form. If the KYC documents of an Applicant are not in<br />
order, the Registrar to the Issue will withhold the dispatch of Bond<br />
certificates pending receipt of complete KYC documents from such<br />
Applicant. In such circumstances, successful Applicants should<br />
provide complete KYC documents to the Registrar to the Issue at<br />
the earliest. In such an event, any delay by the Applicant to provide<br />
complete KYC documents to the Registrar to the Issue will be at the<br />
Applicant’s sole risk and neither the Company, the Registrar to<br />
the Issue, the Escrow Collection Bank(s), nor the Members of the<br />
Syndicate will be liable to compensate the Applicants for any losses<br />
caused to them due to any such delay, or liable to pay any interest on<br />
the Application Amounts for such period during which the Bond<br />
certificates are withheld by the Registrar to the Issue. Further, the<br />
Company will not be liable for any delays in payment of interest on<br />
the Bonds Allotted to such Applicants, and will not be liable to<br />
compensate such Applicants for any losses caused to them due to<br />
any such delay, or liable to pay any interest for such delay in payment<br />
of interest on the Bonds.<br />
For instructions pertaining to completing Application Form please<br />
see “Issue Procedure - General Instructions” and “Issue<br />
Procedure - Additional Instructions for Applicants seeking<br />
allotment of Bonds in physical form” on pages 137 and 142,<br />
respectively.<br />
21. Application for allotment in dematerialised form<br />
Submission of ASBA Applications<br />
Applicants may also apply for Bonds using the ASBA facility.<br />
ASBA Applications can be only by Applicants opting for<br />
Allotment in dematerialised form. ASBA Applications can be<br />
submitted through either of the following modes:<br />
a) Physically or electronically to the Designated Branches of<br />
SCSB with whom an Applicant’s ASBA Account is<br />
maintained. In case of ASBA Application in physical mode,<br />
the ASBA Applicant will submit the Application Form at the<br />
relevant Designated Branch of the SCSB. The Designated<br />
Branch will verify if sufficient funds equal to the Application<br />
Amount are available in the ASBA Account, as mentioned in<br />
the ASBA Application, prior to uploading such ASBA<br />
Application into the electronic system of the Stock<br />
Exchanges. If sufficient funds are not available in the ASBA<br />
Account, the respective Designated Branch will reject such<br />
ASBA Application and will not upload such ASBA<br />
Application in the electronic system of the Stock Exchanges.<br />
If sufficient funds are available in the ASBA Account, the<br />
Designated Branch will block an amount equivalent to the<br />
Application Amount and upload details of the ASBA<br />
Application in the electronic system of the Stock Exchanges.<br />
The Designated Branch of the SCSBs will stamp the<br />
Application Form. In case of Application in the electronic<br />
mode, the ASBA Applicant will submit the ASBA Application<br />
either through the internet banking facility available with the<br />
SCSB, or such other electronically enabled mechanism for<br />
application and blocking funds in the ASBA Account held<br />
with SCSB, and accordingly registering such ASBA<br />
Applications.<br />
b) Physically through the Members of the Syndicate or Trading<br />
Members of the Stock Exchanges only at the Specified Cities,<br />
i.e., Syndicate ASBA. ASBA Applications submitted to the<br />
Members of the Syndicate or Trading Members of the Stock<br />
Exchanges at the Specified Cities will not be accepted if the<br />
SCSB where the ASBA Account, as specified in the ASBA<br />
Application, is maintained has not named at least one branch<br />
at that Specified City for the Members of the Syndicate or<br />
Trading Members of the Stock Exchanges, as the case may<br />
be, to deposit ASBA Applications. A list of such branches is<br />
available at http://www.sebi.gov.in/sebiweb/home/list/5/33/<br />
0/0/Recognised-Intermediaries.<br />
On receipt of the Application Form by the Members of the<br />
Syndicate or Trading Members of the Stock Exchanges, as<br />
the case may be, an acknowledgement will be issued by<br />
giving the counter foil of the Application Form with the date<br />
stamp to the ASBA Applicant as proof of having accepted<br />
the Application. Thereafter, the details of the Application<br />
will be uploaded in the electronic system of the Stock<br />
Exchanges and the Application Form will be forwarded to<br />
DREDGING CORPORATION OF INDIA LIMITED 11