APPLICANT'S UNDERTAKING SHRIRAM TRANSPORT FINANCE COMPANY LIMITED

More documents

Recommendations

Info

in the nature of FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUSAccount.Kindly note that ASBA Applications submitted to theLead Managers, the Co-Lead Managers, Lead Brokers,sub-brokers or Trading Members of the Stock Exchangeat the Specified Cities will not be accepted if the SCSBwhere the ASBA Account, as specified in the ApplicationForm, is maintained has not named at least one branchat that Specified City for the Lead Managers, the Co-Lead Managers, Lead Brokers, sub-brokers or TradingMembers of the Stock Exchange, as the case may be, todeposit such Application Forms (A list of such branchesis available at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries).Please refer to “Rejection of Applications” on page 300 ofthe Prospectus for information on rejection of Applications.26. ADDITIONAL INSTRUCTIONS FOR APPLICANTSSEEKING ALLOTMENT OF NCDS IN PHYSICALFORM:Any Applicant who subscribes to the NCDs in physical formshall undertake the following steps:• Complete the Application Form in all respects, by providingall the information including PAN and Demographic Details.However, do not provide DP details in the Application Form.The requirement for providing DP details shall be mandatoryonly for Applicants who wish to subscribe to the NCDs indematerialised form.• Provide the following documents with the Application Form:(a) Self-attested copy of the PAN card(b) Proof of identification in case of Applications by or on behalfof the Central or State Government and the officials appointedby the courts and by Applicants residing in the State of Sikkim.Any one of the following documents shall be considered as averifiable proof of identification:• valid passport issued by the GoI; or• voter’s identity card issued by the GoI; or• valid driving license issued by any transport authority of theRepublic of India; or• Government ID card; or• Defence ID card; or• ration card issued by the GoI(c) Self-attested copy of proof of residence. Any one of thefollowing documents shall be considered as a verifiable proofof residence:• ration card issued by the GoI; or• valid driving license issued by any transport authority of theRepublic of India; or• electricity bill (not older than three months); or• landline telephone bill (not older than three months); or• valid passport issued by the GoI; or• voter’s identity card issued by the GoI; or• passbook or latest bank statement issued by a bank operatingin India; or• registered leave and license agreement or agreement for sale orrent agreement or flat• maintenance bill.• AADHAAR letter, issued by Unique Identification Authorityof India, GoI.(d) Self-attested copy of a cancelled cheque of the bank accountto which the amounts pertaining to payment of refunds, interestand redemption, as applicable, should be credited. In theabsence of such cancelled cheque, the Company reserves theright to reject the Application or to consider the bank detailsgiven on the Application Form at its sole discretion. In such casethe Company, the Lead Managers, the Co-Lead Managers andthe Registrar to the Issue shall not be liable for any delays/errorsin payment of refund and/or interest.The Applicant shall be responsible for providing the aboveinformation accurately. Delays or failure in credit of thepayments due to inaccurate details shall be at the sole risk ofthe Applicants and neither the Lead Managers, the Co-LeadManagers nor the Company shall have any responsibility andundertake any liability for the same. Applications for Allotmentof the NCDs in physical form, which are not accompaniedwith the abovestated documents, may be rejected at the solediscretion of the Company.In relation to the issuance of the NCDs in physical form, notethe following:1. An Applicant has the option to seek Allotment of NCDs ineither dematerialised or physical mode. However, an Applicantcan seek Allotment of NCDs in physical mode only if theApplicant does not have a beneficiary account. No partialApplication for the NCDs shall be permitted; any suchpartial Application is liable to be rejected.2. Any Applicant who provides Depository Participantdetails in the Application Form shall be Allotted the NCDsin dematerialised form only, irrespective of whether suchApplicant has provided the details required for Allotment inphysical form. Such Applicant shall not be Allotted NCDs inphysical form.3. In case of NCDs issued in physical form, the Companywill issue one certificate to the holders of the NCDs for theaggregate amount of the NCDs for each of the Series of NCDsthat are applied for (each such certificate, a “Consolidated NCDCertificate”). A successful Applicant can also request for theissue of NCD certificates in the denomination of 1 (one)NCD at any time post allotment of the NCDs.4. The Company shall dispatch the Consolidated NCDCertificate to the (Indian) address of the Applicant providedin the Application Form, within the time and in the mannerstipulated under Section 113 of the Companies Act, 1956, readwith the Company’s Articles of Association.All terms and conditions disclosed in relation to the NCDs heldin physical form pursuant to rematerialisation shall be applicablemutatis mutandis to the NCDs issued in physical form.The Applicant shall be responsible for providing the aboveinformation and KYC documents accurately. Delay or failurein credit of payments or receipt of Allotment Advice or NCDcertificates due to inaccurate or incomplete details shall beat the sole risk of the Applicants and the Lead Managers,the Co-Lead Managers, the Company and the Registrarto the Issue shall have no responsibility and undertake noliability in this relation. In case of Applications for Allotmentof NCDs in physical form, which are not accompanied withthe aforestated documents, Allotment of NCDs in physicalform may be held in abeyance by the Registrar to the Issue,pending receipt of KYC documents.16 Shriram Transport Finance Company Limited
in the nature of FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUSTERMS OF PAYMENTThe entire issue price for the NCDs is payable on Applicationonly. In case of Allotment of lesser number of NCDs thanthe number applied, our Company shall refund the excessamount paid on Application to the Applicant.27. Payment mechanism for ASBA Applicant: The ASBAApplicants shall specify the ASBA Account number in theApplication Form.For ASBA Applications submitted to the Lead Managers, theCo-Lead Managers, Lead Brokers, sub-brokers or TradingMembers of the Stock Exchange at the Specified Cities, theASBA Application will be uploaded onto the electronic systemof the Stock Exchange and deposited with the relevant branchof the SCSB at the Specified City named by such SCSB toaccept such ASBA Applications from the Lead Managers, theCo-Lead Managers, Lead Brokers, sub-brokers or TradingMembers of the Stock Exchange, as the case may be (A listof such branches is available at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries). The relevantbranch of the SCSB shall perform verification procedures andblock an amount in the ASBA Account equal to the ApplicationAmount specified in the ASBA Application.For ASBA Applications submitted directly to the SCSBs, therelevant SCSB shall block an amount in the ASBA Accountequal to the Application Amount specified in the ASBAApplication, before entering the ASBA Application into theelectronic system of the Stock Exchanges. SCSBs may providethe electronic mode of application either through an internetenabled application and banking facility or such other secured,electronically enabled mechanism for application and blockingof funds in the ASBA Account.ASBA Applicants should ensure that they have funds equalto the Application Amount in the ASBA Account beforesubmitting the ASBA Application to the Lead Managers,the Co-Lead Managers, Lead Brokers, sub-brokers orTrading Members of the Stock Exchange, as the casemay be, at the Specified Cities or to the DesignatedBranches of the SCSBs. An ASBA Application where thecorresponding ASBA Account does not have sufficient fundsequal to the Application Amount at the time of blocking theASBA Account is liable to be rejected.The Application Amount shall remain blocked in the ASBAAccount until approval of the Basis of Allotment and consequenttransfer of the amount against the Allotted NCDs to the PublicIssue Account(s), or until withdrawal/ failure of the Issue oruntil withdrawal/ rejection of the Application Form, as the casemay be. Once the Basis of Allotment is approved, the Registrarto the Issue shall send an appropriate request to the controllingbranch of the SCSB for unblocking the relevant ASBA Accountsand for transferring the amount pertaining to NCDs allocable tothe successful ASBA Applicants to the Public Issue Account(s).In case of withdrawal/ failure of the Issue, the blocked amountshall be unblocked on receipt of such information from theRegistrar to the Issue.28. Escrow Mechanism for Applicants other than ASBAApplicants: Our Company shall open an Escrow Account witheach of the Escrow Collection Bank(s) in whose favour theApplicants (other than ASBA Applicants) shall draw the chequeor demand draft in respect of his or her Application. Cheques ordemand drafts received for the full Application Amount fromApplicants would be deposited in the Escrow Account(s). Allcheques/ bank drafts accompanying the Application shouldbe crossed “A/c Payee only” for eligible Applicants must bemade payable to “Escrow Account STFC NCD V Public Issue”.The Escrow Collection Bank(s) shall transfer the funds fromthe Escrow Account into the Public Issue Account(s), as perthe terms of the Escrow Agreement, the Prospectus and theProspectus.The Escrow Collection Banks will act in terms of the Prospectusand the Escrow Agreement. The Escrow Collection Banks, forand on behalf of the Applicants, shall maintain the monies inthe Escrow Account until the Designated Date. The EscrowCollection Banks shall not exercise any lien whatsoeverover the monies deposited therein and shall hold the moniestherein in trust for the Applicants. On the Designated Date, theEscrow Collection Banks shall transfer the funds representedby Allotment of NCDs (other than in respect of Allotment tosuccessful ASBA Applicants) from the Escrow Account, asper the terms of the Escrow Agreement, into the Public IssueAccount(s).The balance amount after transfer to the Public Issue Account(s)shall be transferred to the Refund Account. Payments of refundto the relevant Applicants shall also be made from the RefundAccount as per the terms of the Escrow Agreement and theProspectus.The Applicants should note that the escrow mechanism is notprescribed by SEBI and has been established as an arrangementbetween our Company, the Lead Managers, the Co-LeadManagers, the Escrow Collection Banks and the Registrar to theIssue to facilitate collections from the Applicants.Each Applicant shall draw a cheque or demand draft mechanismfor the entire Application Amount as per the following terms:1. All Applicants would be required to pay the full ApplicationAmount at the time of the submission of the Application Form.2. The Applicants shall, with the submission of the ApplicationForm, draw a payment instrument for the Application Amountin favour of the Escrow Accounts and submit the same alongwith their Application. If the payment is not made favouringthe Escrow Accounts along with the Application Form, theApplication is liable to be rejected by the Escrow CollectionBanks. Application Forms accompanied by cash, stockinvest,money order or postal order will not be accepted.• The payment instruments for payment into the Escrow Accountshould be drawn in favour of “Escrow Account STFC NCD VPublic Issue”3. The monies deposited in the Escrow Accounts will be held forthe benefit of the Applicants (other than ASBA Applicants) tillthe Designated Date.4. On the Designated Date, the Escrow Collection Banks shalltransfer the funds from the Escrow Accounts as per the terms ofthe Escrow Agreement into the Public Issue Account(s) with theBankers to the Issue and the refund amount shall be transferredto the Refund Account.5. Payments should be made by cheque or demand draft drawnon any bank (including a co-operative bank), which is situatedat, and is a member of or sub-member of the bankers’ clearinghouse located at the centre where the Application Form issubmitted. Outstation cheques, post dated cheques and cheques/bank drafts drawn on banks not participating in the clearingprocess will not be accepted and Applications accompaniedby such cheques or bank drafts are liable to be rejected. Cash/stockinvest/ money orders/ postal orders will not be accepted.Shriram Transport Finance Company Limited17
Page 2 and 3: APPLICANT'S UNDERTAKINGI/We hereby
Page 4 and 5: in the nature of FORM2A - MEMORANDU
Page 44 and 45: IN THE NATURE OF FORM 2A-MEMORANDUM
Page 46 and 47: AXIS CAPITAL LIMITEDIN THE NATURE O
Page 48: 48IN THE NATURE OF FORM 2A-MEMORAND

APPLICANT'S UNDERTAKING SHRIRAM TRANSPORT FINANCE COMPANY LIMITED

Create successful ePaper yourself

Delete template?

Save as template?