Central Depository Services (India) Limited Convenient Dependable Secure COMMUNIQUÉ TO DEPOSITORY PARTICIPANTS CDSL/OPS/DP/2122 September 27, 2010 ECS MANDATE FOR BENEFICIAL OWNERS (BOs) DPs are advised to refer to communiqué no. CDSL/OPS/DP/662 dated February 25, 2006 informing DPs about 15 centers where Clearing Houses are managed by Reserve Bank of India and refunds/dividends will be distributed through ECS only. Further, SEBI had issued Circular No. SEBI/CFD/DILDIP/29/2008/01/02 dated February 1, 2008 (see Annexure-A) informing about the ECS facility extended to 68 centers. DPs are advised to note that the list of such centers is available as List of ECS Centres at following link: http://www.rbi.org.in/scripts/ecsuser.aspx. DPs are advised to download the said list on a regular basis and ensure that Beneficial Owners (BOs) who have provided bank details, wherein the city of the respective bank appears on the aforesaid list, then the DP should ensure that the ECS Mandate Flag for such BOs is Y in the CDSL system. Queries regarding this communiqué may be addressed to CDSL Helpdesk on (022) 2272-8642, 2272-8427, 2272-8624, 2272-8693, 2272-8625, 2272-8639, 2272-8663, 2272-1261 or 2272-2075. Emails may be sent to: helpdesk@cdslindia.com. sd/- Ramkumar K. Vice President Operations Note to DPs Last date for submission of Audited Financial Statements and Net worth Certificate for the year ended March 2010 is September 30, 2010. CDSL : your depository DPs may email their complaints to: helpdesk@cdslindia.com KEYWORD : ECS Page 1 of 1
Neelam Bhardwaj General Manager Corporation Finance Department Division of Issues and Listing Phone: +91 22 26449350 (D) Email: neelamb@sebi.gov.in SEBI/CFD/DILDIP/29/2008/01/02 February 1, 2008 To All Registered Merchant Bankers Dear Sirs, Sub: Extending number of centers where refund shall be made through ECS in public/rights issues 1. This circular is being issued in exercise of the powers conferred under subsection (1) of Section 11 of the Securities and Exchange Board of India Act, 1992. 2. On January 20, 2006, SEBI issued a Circular No. SEBI/CFD/DIL/DIP/18/2006 /20/1 to all Merchant Bankers informing them that to begin with, facility of refunds through ECS may be made available in 15 centers where clearing houses are managed by the Reserve Bank of India (RBI). This was in addition to other permissible modes of making refunds electronically viz. NEFT, RTGS and Direct credit. 3. In consultation with RBI, it has now been decided to extend the facility of refund through ECS in public/rights issues to 68 centers as provided by RBI. List of these 68 centers is enclosed at Annexure I. 4. You are advised to ensure that suitable instructions for refunds through various modes are incorporated in the application form, abridged prospectus and the prospectus/letter of offer in an appropriate manner. 5. This circular shall come in to force with immediate effect. This circular is available on SEBI website at www.sebi.gov.in under the category Legal framework. Yours faithfully, Neelam Bhardwaj Encl.: Annexure I - List of 68 centers as referred to in the circular Page 1 of 3
Annexure I List of ECS (Credit and Debit) Centres Sl. No. Name of the Centre Sl. No. Name of the Centre Reserve Bank of India State Bank of India 1. Ahmedabad 1. Baroda 2 Bangalore 2. Dehradun 3. Bhubaneshwar 3. Nashik 4. Kolkata 4. Panaji 5. Chandigarh 5. Surat 6. Chennai 6. Trichy 7. Guwahati 7. Trichur 8. Hyderabad 8. Jodhpur 9. Jaipur 9. Gwalior 10. Kanpur 10. Jabalpur 11. Mumbai 11. Raipur 12. Nagpur 12. Calicut 13. New Delhi 13. Siliguri (non-micr) 14. Patna 14. Pondicherry 15. Thiruvananthapuram 15. Hubli 16. Shimla (non-micr) 17. Tirupur 18. Burdwan(non-MICR) 19. Durgapur (non-micr) 20. Sholapur 21. Ranchi 22. Tirupati(non-MICR) 23. Dhanbad(non-MICR) 24. Nellore (non-micr) 25. Kakinada (non-micr) Punjab National Bank 1. Agra 2. Allahabad 3. Jalandhar 4. Lucknow 5. Ludhiana 6. Varanasi 7. Kolhapur 8. Aurangabad 9. Mysore 10. Erode 11. Udaipur 12. Gorakhpur 13. Jammu Page 2 of 3
State Bank of Indore 1. Indore Sl. No. Name of the Centre Union Bank of India 1. Pune 2. Salem 3. Jamshedpur Andhra Bank 1. Visakhapatnam Corporation Bank 1. Mangalore Bank of Baroda 1. Coimbatore 2. Rajkot State Bank of Travancore 1. Kochi/Ernakulam Central Bank of India 1. Bhopal Canara Bank 1. Madurai Oriental Bank of Commerce 1. Amritsar United Bank of India 1. Haldia (non- MICR) State Bank of Hyderabad 1. Vijaywada State Bank of Bikaner & Jaipur 1. Bhilwara Page 3 of 3
Neelam Bhardwaj Deputy General Manager Division of Issues and Listing Phone: +91 22 2285 0451-56, 2288 0962-70 (Extn: 367) Fax: +91 22 2204 5633 Email: neelamb@sebi.gov.in SEBI/CFD/DIL/DIP/18/2006/20/1 January 20, 2006 To All Registered Merchant Bankers Dear Sirs, Sub: Amendments to the SEBI (Disclosure and Investor Protection) {DIP} Guidelines, 2000 1. This circular is being issued under Section 11(1) of SEBI Act amending SEBI (DIP) Guidelines, 2000; (hereinafter referred as the Guidelines ), to provide for various modes of making refunds to the applicants viz. ECS (Electronic Clearing Service)/ Direct Credit / RTGS (Real Time Gross Settlement)/ NEFT (National Electronic Funds Transfer). 2. To begin with, applicants residing in 15 centres where clearing houses are managed by the Reserve Bank of India(RBI), will get refunds through ECS only except where applicant is otherwise disclosed as eligible to get refunds through direct credit &RTGS. Number of centres for ECS facility may be enhanced after receiving a feedback on the performance of the system. 3. The details of bank accounts of applicants would henceforth be taken directly from the depositories database for issues required to be made wholly in the dematerialised form. 4. You are advised to ensure that suitable instructions for refunds through various modes are incorporated in the application form, abridged prospectus and the prospectus/letter of offer in an appropriate manner, as required by the amended Guidelines. 5. The amendments to the Guidelines are detailed in Annexure A along with this circular. 6. The amendments made vide this circular shall be applicable to all those issues where draft offer documents are filed with SEBI on or after the date of this circular. 7. This circular along with the Annexure A is available on SEBI website at www.sebi.gov.in. Full text of guidelines along with the amendments issued vide this circular is also available on SEBI s website under section Issues and Listing. Yours faithfully, Neelam Bhardwaj Encl: a/a Page 1 of 3
AMENDMENTS TO SEBI (DIP) GUIDELINES, 2000 Annexure A I. Chapter VI 1. Clause 6.13.2.25 shall be substituted with the following Mode of making refunds The Company shall disclose the mode in which it shall make refunds to applicants in case of oversubscription, in the prospectus and in the abridged prospectus: Provided that where the company proposes to make use of more than one mode of making refunds to applicants, the respective cases where each such mode will be adopted shall be disclosed. Explanation: The permissible modes of making refunds are as follows: (a) In case of applicants residing in any of the centers specified by the Board by crediting of refunds to the bank accounts of applicants through electronic transfer of funds by using ECS (Electronic Clearing Service), Direct Credit, RTGS (Real Time Gross Settlement) or NEFT (National Electronic Funds Transfer), as is for the time being permitted by the Reserve Bank of India; (b) In case of other applicants by despatch of refund orders by registered post, where the value is Rs 1500/- or more, or under certificate of posting in other cases, (subject however to postal rules) ; and (c) In case of any category of applicants specified by the Board crediting of refunds to the applicants in any other electronic manner permissible under the banking laws for the time being in force which is permitted by the Board from time to time. 2. Clause 6.13.2.14 (c) shall be omitted: 3. In clause 6.13.2.26, in both undertakings under sub-clause (a) and sub-clause (b), after the words refund orders have not been dispatched to the applicants and before the words within 30 days in sub clause (a) and within 15 days in sub clause (b), the words or if, in a case where the refund or portion thereof is made in electronic manner, the refund instructions have not been given to the clearing system in the disclosed manner shall be inserted; 4. In Clause 6.13.2.27(a) (a) sub-clause (iv) shall be substituted with the following, namely: (iv) that funds required for making refunds to unsuccessful applicants as per the mode(s) disclosed shall be made available to the Registrar to the issue by the issuer. (b) after sub-clause (iv) so substituted, the following Clause shall be inserted, namely: - (iv)(a) : that where refunds are made through electronic transfer of funds, a suitable communication shall be sent to the applicant within 30 days or 15 days of closure of the issue, as the case may be, giving details of the bank where refunds shall be credited along with amount and expected date of electronic credit of refund. 5. In clause 6.19.2(e) - (a) after clause (ii), the following proviso shall be inserted, namely: - Page 2 of 3
Provided that in case of an issue of securities which is wholly required to be made in the dematerialized form, it would not be necessary to require bank account details in the application form. Provided further that in a case covered by the preceding proviso, the application form shall contain a statement that the bank account details of the applicant would be taken from the data provided by him to the depository. (b) after sub-clause (iv), the following sub-clause shall be inserted, namely: - (v) Brief mention of the various intended modes of making refunds (as disclosed in the prospectus). Page 3 of 3