Shriram City Union Finance Limited - Karvy

Application by Scheduled Banks, Co-operative Banks and Regional Rural BanksScheduled Banks, Co-operative banks and Regional Rural Banks can apply in this public issue based upon their owninvestment limits and approvals. The application must be accompanied by certified true copies of (i) BoardResolution authorising investments; (ii) Letter of Authorisation. Failing this, our Company reserves the right toaccept or reject any Application in whole or in part, in either case, without assigning any reason therefor.Application by Insurance CompaniesIn case of Applications made by insurance companies registered with the Insurance Regulatory andDevelopment Authority, a certified copy of certificate of registration issued by Insurance Regulatory andDevelopment Authority must be lodged along with Application Form. The applications must be accompaniedby certified copies of (i) Memorandum and Articles of Association (ii) Power of Attorney (iii) Resolutionauthorising investment and containing operating instructions (iv) Specimen signatures of authorizedsignatories. Failing this, our Company reserves the right to accept or reject any Application in whole or in part,in either case, without assigning any reason therefor.Applications by TrustsIn case of Applications made by trusts, settled under the Indian Trusts Act, 1882, as amended, or any otherstatutory and/or regulatory provision governing the settlement of trusts in India, must submit a (i) certifiedcopy of the registered instrument for creation of such trust, (ii) Power of Attorney, if any, in favour of one ormore trustees thereof, (iii) such other documents evidencing registration thereof under applicablestatutory/regulatory requirements. Further, any trusts applying for NCDs pursuant to the Issue must ensure that(a) they are authorised under applicable statutory/regulatory requirements and their constitution instrument tohold and invest in debentures, (b) they have obtained all necessary approvals, consents or other authorisations,which may be required under applicable statutory and/or regulatory requirements to invest in debentures, and(c) applications made by them do not exceed the investment limits or maximum number of NCDs that can beheld by them under applicable statutory and or regulatory provisions. Failing this, our Company reserves theright to accept or reject any Applications in whole or in part, in either case, without assigning any reasontherefor.iii. Applications cannot be made by:a) Minors without a guardian name;b) Foreign nationals;c) Persons resident outside India;d) Foreign Institutional Investors;e) Non Resident Indians; andf) Overseas Corporate Bodies2. Escrow MechanismWe shall open Escrow Accounts with one or more Escrow Collection Bank(s) in whose favour the applicants shallmake out the cheque or demand draft in respect of their application. Cheques or demand drafts for the applicationamount received from applicants would be deposited in the respective Escrow Account.Upon creation of security as disclosed in this Draft Prospectus, the Escrow Collection Bank(s) shall transfer themonies from the Escrow Accounts to a separate bank account as per the terms of the Escrow Agreement, (“PublicIssue Account”). Payments of refund to the applicants shall also be made from the Escrow Accounts/refundaccount(s) as per the terms of the Escrow Agreement and this Draft Prospectus.The Escrow Collection Bank(s) will act in terms of this Draft Prospectus, the Prospectus and the Escrow Agreement.The Escrow Collection Bank(s) shall not exercise any lien whatsoever over the monies deposited therein. In terms ofDebt Regulations, it is mandatory for our Company to keep the proceeds of the Issue in an escrow account until thedocuments for creation of security as stated in this Draft Prospectus are executed.153