Shriram City Union Finance Limited - Karvy

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Profile of DirectorsProfile of DirectorsMr. Arun Duggal - ChairmanMr. Arun Duggal is the non-executive Chairman of our Board. Mr. Duggal holds a Bachelor’s degree in MechanicalEngineering from the Indian Institute of Technology, Delhi and a Master’s degree in Business Administration fromthe Indian Institute of Management, Ahmedabad. Mr. Duggal is an experienced international banker and has anexperience of approximately 33 years in the banking and finance industry. He has advised companies on financialstrategy, mergers and acquisitions and on various means of raising capital.He serves on the Board of Directors of Jubiliant Energy. Netherlands (Chairman of Audit Committee), PatniComputers (Chairman of Audit Committee), Fidelity Fund Management, Ecron Acunova, Zuari Industries, InfoEdge (Chairman of Audit Committee), Dish TV, Mundra Port, Motrice Limited (Singapore) (Chairman of AuditCommittee), Shriram City Union Finance Limited, Shriram Capital Limited and others. He is also a member of theInvestment Committee of Axis Private Equity. He had a distinguished career with Bank of America for 26 years inthe US, Hong Kong, Japan, Philippines, etc. He was the Chief Executive of Bank of America in India from 1998 to2001.Currently, he is a visiting faculty at the Indian Institute of Management, Ahmedabad and teaching Venture Capital.Mr. R. Kannan- Managing DirectorMr. R. Kannan holds a degree in Bachelors in Arts from University of Madras. Mr. Kannan has approximately 50 yearsof experience in the banking and finance industry.He serves on the board of directors of Shriram Properties & Constructions (Chennai) Limited, Shriram Permanent FundLimited and Shriram Entreprenuerial Ventures Limited.Mr. Mukund G. DiwanMr. Mukund G. Diwan holds a masters degree in Statistics from University of Mumbai, and is a fellow member of theInstitution of Actuaries, London (FIA) and the Institute of Actuaries of India. Mr. Diwan has a wide experience in theinsurance industry and expertise in carrying out Management and Actuarial consultant assignments. He has served as aChairman of the Life Insurance Corporation of India (LIC) and is working as a consulting actuary in the areas of lifeinsurance, general insurance and retirement benefits.He serves on the Boards of VLS Finance Limited, G.M. Breweries Limited, Dwarikesh Sugar Industries Limited,Marketing Research Corporation of India Limited, Sriram Chits (Maharashtra) Limited, GDA Trustee & ConsultancyLimited, Indian Institute of Public Opinion Private Limited, DS Actual Education Services Private Limited and apartner in K.A. Pandit (Consulting Actuaries).Currently he is appointed as an Actuary for LIC, Nepal; LIC, Sri Lanka and a few companies in the Gulf.Mr. S. KrishnamurthyMr. S. Krishnamurthy holds a Master’s Degree in labor management and post graduate diploma in Industrial Relationsand Personnel Management from Madurai Kamaraj University and Personnel Management (IR&PM).. He is also acertified Associate of the Indian Institute of Bankers with a Bachelors Degree in General Laws from University ofMysore.Mr. Krishnamurthy is a senior banker with experience of approximately 40 years with the Reserve Bank of India and112
commercial banks. He was the chairman and chief executive officer of Tamil Nadu Mercantile Bank, Tuticorin for aperiod of 5 years and also served as General Manager (Vigilance & Inspection/Audit) with Indian Overseas Bank,Chennai for a period of 5 years. He was Banking Ombudsman, Chennai for a period of approximately 2 years.He serves on the Board of Kerala Ayurveda Limited, Take Solutions Limited and Sriram EPC Limited.Mr. Vipen KapurMr. Vipen Kapur holds bachelors degree in Commerce from University of Madras and is an Associate of the Instituteof Bankers, London. He has wide experience in the international banking sector and has served in various departmentsof the Standard Chartered (erstwhile Grindlays Bank). Mr. Kapur was the chief operations officer at the Al RushiadGroup in Saudi Arabia, Managing Director of Sinar Mas Group of Indonesia and President and chief executive officerof New Quest Corporation Private Limited.Mr. Kapur is the author of “Power through people and principles”, published by Tata Mcgraw Hill, which won theBest Book Award by Indian Society for Training and Development in the year 2001.He serves on the Board of Maxima Global Executive Search Singapore Pte. Limited.Mr. S. VenkatakrishnanMr. S. Venkatakrishnan is a Non-executive Director on our Board. He is a post graduate in Mathematics from MadrasUniversity and is also a member of the Indian Audit and Accounts Service, Government of India, where he has heldsenior positions in the Finance, Audit & Accounts department of the Government and other Public Undertakings. Healso functioned as BIFR Director in several companies for a period of five years. He has been an advisor to ourCompany for over ten years.He serves on the Board of Shriram Transport Finance Company Limited, Shriram Industrial Holdings Private Limited,Shriram Exports Private limited, Dhanasri Investments Private Limited, Shriram Housing Finance and DevelopmentCompany Limited, Sriram Credit Company, Shriram Trade Finance Company Limited, Sriram Investments HoldingsLimited and others.Mr. Ranvir DewanMr. Ranvir Dewan is a Non-Executive Director on our Board. Mr. Dewan holds bachelors degree in Commerce (Hons)from Shriram College of Commerce, Delhi University, India. He is a fellow member of the Institute of CharteredAccountants in England & Wales (FCA) and a member of the Canadian Institute of Chartered Accountants (CA). Hehas over 30 years of experience in the finance and investment sector. Mr. Dewan joined TPG-Newbridge Capital inJuly 2006 and is currently the Head of Financial Institutions Group Operations. Previously, he was Executive VicePresident and Chief Financial Officer of Standard Chartered First Bank in Seoul, Korea. He has also spent over thirteenyears at Citibank in various senior positions in its international businesses. In his previous assignment, he was VicePresident and Regional Financial Controller of Citibank’s Global Consumer Bank with responsibilities covering 11countries in the Asia Pacific region. He has also held senior positions with KPMG in Canada and England where hespecialized in the audits of financial institutions.Mr. Dewan serves on the Boards of Shriram Transport Finance Company Limited in Chennai, India and PT BankTabunean Pensiunan Nasional Tbp (“BTPN”) in Jakarta, Indonesia and is a member of the Audit and Risk Committeesof Bank BTPN. Mr. Dewan is an advisor of Taishin Financial Holdings.Mr. K. R. RamamoorthyMr. K.R. Ramamoorthy holds a Bachelors degree in Economics and Law from University of Delhi and is a seniorFellow member of the Institute of Company Secretaries of India. Mr. Ramamoorthy is a senior banker withapproximately 40 years of commercial and banking experience in India. He has served as the Chairman and ManagingDirector of Corporation Bank and the Chairman and CEO of ING Vysya Bank.Mr. Ramamoorthy has served on various committees including those constituted by the Reserve Bank of India, SEBI113
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Draft ProspectusDated July 21, 2011
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SECTION I : GENERALDEFINITIONS / AB
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TermDebenture Holder (s)Debt Listin
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that notice of such early closure i
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TermROCRTGSSBISCRASCRRSEBIDescripti
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• Emergence of new competitors;
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SECTION II : RISK FACTORSProspectiv
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may be lower than the outstanding l
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and other liberalization measures a
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previous working relationship; succ
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As part of our means of raising and
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24. We may have to comply with stri
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valuation mechanism, which are pers
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Risks Relating to the Utilization o
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As on March 31, 2011, 24 % of our A
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5. Investors may contact the Regist
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Lead Managers:JM Financial Consulta
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Bankers to our CompanyANDHRA BANKCo
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STATE BANK OF BIKANER AND JAIPUR1 s
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warrant. CRISIL is not responsible
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We leverage on the Shriram Group’
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Access to a range of cost effective
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THE ISSUEThe following is a summary
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SUMMARY FINANCIAL INFORMATIONThe fo
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B. SUMMARY INFORMATION OF OUR UNCON
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C. SUMMARY INFORMATION OF OUR UNCON
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ParticularsFor the year ended March
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E. SUMMARY INFORMATION OF OUR CONSO
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F. SUMMARY INFORMATION OF OUR CONSO
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CAPITAL STRUCTUREDetails of share c
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Date of AllotmentNumber of sharesis
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Sr.NoCategory ofShareholderNumberof
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Sr. No. Name of holder Number ofins
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11. List of top ten holders of Secu
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Employee Stock Option SchemesPursua
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STATEMENT OF TAX BENEFITSUnder the
Page 73 and 74: provisions of Chapter XII-A shall c
Page 75 and 76: SECTION IV : ABOUT THE ISSUER COMPA
Page 77 and 78: Initially, the NBFCs registered wit
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Page 81 and 82: wheelers and similar forms of intra
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Page 85 and 86: Growth in CV finance disbursements`
Page 87 and 88: SI.No.YearTotalMSMEs(lakhnumbers)Fi
Page 89 and 90: women and all loans to the North Ea
Page 91 and 92: segment and the ability to provide
Page 93 and 94: NBFCs in the Indian gold loans mark
Page 95 and 96: We leverage on the Shriram Group’
Page 97 and 98: Access to a range of cost effective
Page 99 and 100: Our Company’s ProductsProduct Fin
Page 101 and 102: All customer origination and evalua
Page 103 and 104: maintain low gross and net NPA leve
Page 105 and 106: The following table sets forth the
Page 107 and 108: Credit RatingAgencyCAREInstruments
Page 109 and 110: TechnologyWe use information techno
Page 111 and 112: act as, and to undertake and carry
Page 113 and 114: Company equal to or more than 7% of
Page 115 and 116: (c) Term and termination: Either pa
Page 117 and 118: Pursuant to the Agreement, the Inve
Page 119 and 120: • more than 50% of the fully dilu
Page 121 and 122: OUR MANAGEMENTBoard of DirectorsThe
Page 123: Name, Designation,Age and DINNation
Page 127 and 128: Remuneration of the DirectorsThe in
Page 129 and 130: A. Audit CommitteeThe members of th
Page 131 and 132: To form Sub CommitteesD. Asset liab
Page 133 and 134: OUR PROMOTERProfile of our Promoter
Page 135 and 136: Particulars FY 2008 FY 2009 FY 2010
Page 137 and 138: Particulars FY 2008 FY 2009 FY 2010
Page 139 and 140: Sr.No.Name of Shareholder Address N
Page 141 and 142: PIJUSH GUPTA & COC H A R T E R E D
Page 143 and 144: 8. This report should not be in any
Page 145 and 146: Annexure IShriram City Union Financ
Page 147 and 148: Annexure IIShriram City Union Finan
Page 149 and 150: Shriram City Union Finance LimitedA
Page 151 and 152: Annexure IIIShriram City Union Fina
Page 153 and 154: Annexure IVShriram City Union Finan
Page 165 and 166: Annexure VShriram City Union Financ
Page 171 and 172: Annexure VIShriram City Union Finan
Page 173 and 174: Annexure VIIShriram City Union Fina
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Annexure VIIIShriram City Union Fin
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Annexure IXShriram City Union Finan
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Annexure IXC. Cash Credit from Bank
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Annexure XShriram City Union Financ
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Annexure - XIIShriram City Union Fi
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c. Fixed Assets, Depreciation / Amo
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g. Revenue recognitioni. Income fro
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j. Segment reportingThe company ope
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2010 - 20112. Notes to Accounts1. P
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c) Term Loans:i. From Financial Ins
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Changes in the present value of the
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Enterprises havingsignificant influ
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Deferred Tax AssetTiming difference
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Stock Options grantedThe weighted a
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12. SecuritizationThe information o
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c) All Debentures under (a) and (b)
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Balance sheetDetails of Provision f
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(Rs. In Lacs)Enterprises havingsign
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5. Deferred Tax Liabilities/(Asset)
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The details of Series I have been s
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Since the enterprise used the intri
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13.1 Licensed Capacity, Installed c
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) Term Loans:As at March 31,2009(Rs
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Profit and Loss accountNet employee
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The estimates of future salary incr
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7. Related Party DisclosuresRelated
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* Denotes transactions with Shriram
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(Rs. in lacs)As at March 31, As at
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Stock Options grantedSeries I:The w
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15. SecuritisationThe Company sells
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2007 - 20082. Notes to Accounts1. P
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2. Subordinated DebtThe Company has
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The principal assumptions used in d
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6. Related Party DisclosuresRelated
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9. Earnings per shareParticularsYea
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Income Tax/Wealth TaxDisputed Incom
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Stock Options grantedSeries I:The w
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15. SecuritisationThe Company sells
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2006 - 2007B) Notes to AccountsPart
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9. Expenses in respect of common br
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15. Details of Deferred Tax Liabili
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3(Rs. In lacs)As on March 31,Partic
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(Rs. In lacs)ParticularsAmount outs
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7 Investor group-wise classificatio
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PIJUSH GUPTA & COC H A R T E R E D
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Other consolidated Financial Inform
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Annexure IIShriram City Union Finan
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Shriram City Union Finance LimitedC
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Annexure IVShriram City Union Finan
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Shriram City Union Finance LimitedS
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Annexure VShriram City Union Financ
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Annexure VIShriram City Union Finan
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Shriram City Union Finance Ltd.,Ann
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Shriram City Union Finance Ltd.,Ann
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Annexure XIShriram City Union Finan
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(E)InvestmentsInvestments intended
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(K)Segment reportingThe company ope
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) Privately Placed Redeemable Non-C
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Balance sheetDetails of Provision f
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PaymentsEnterprises having signific
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(8) Deferred Tax Liabilities/(Asset
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The details of Stock Option plan ar
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In March 2005 the ICAI has issued a
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As per our report of even dateFor P
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Sr.No.Particulars16. Industrial Dev
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Sr.No.Particulars Date of sanction
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1. to declare and/ or pay dividend
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SECTION VI : ISSUE RELATED INFORMAT
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person, being a nominee, becoming e
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*With respect to applications recei
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e paid on the next working day. Pay
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Please note that failure to do so c
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We may at our discretion redeem the
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other NCDs in their place. The afor
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from the date of receipt of the app
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or entities.Applicants are advised
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3. Filing of the Prospectus with RO
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in the Application Form would be us
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B. Additional ApplicationsAn applic
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12. Allotment Advice / Refund Order
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iii) In the event, there are more t
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SECTION VII : LEGAL AND OTHER INFOR
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within the meaning of section 271 (
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OTHER REGULATORY AND STATUTORY DISC
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ActivityFees payable legal advisors
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(Source: www.bseindia.com)NSEMonth
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Year ended As at 31st March` In Lak
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(ii)NBFCs are not allowed to deal i
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when hire charges are actually rece
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different rates of interest for dif
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Labour LawsThe Company is required
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…Clause (3) of Article 42 at thei
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MATERIAL CONTRACTS AND DOCUMENTS FO
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DECLARATIONWe, the Directors of the
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Shriram City Union Finance Limited - Karvy

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