Regulation 106I - Dispatch of abridged letter of offer and application form - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

1 [Dispatch of abridged letter of offer and application form. 106I. (1) The abridged letter of offer, containing disclosures as specified in Part B of Schedule XXI, for a rights offering, along with application form, shall be dispatched through registered post or speed post to all the eligible IDR holders at least three days before the date of opening of the issue and shall be made available on the website of the issuer with appropriate access restrictions at the same time it is made available to the holders of its equity shares. Provided that a hard copy of the offer document for a rights offering along with the addendum shall be made available at the principal office of the issuer or lead merchant banker to any existing IDR holder who has made a request in this regard. (2) The eligible IDR holders who have not received the application form may apply in writing on a plain paper to the domestic depository, along with the requisite application money within the time frame for acceptance. (3) The eligible IDR holders making an application otherwise than on the application form shall not renounce their rights and shall not utilise the application form for any purpose including renunciation even if it is received subsequently. (4) Where any eligible IDR holder makes an application on an application form as well as on plain paper, such application is liable to be rejected. (5) The issue price and the ratio shall be decided simultaneously with record date in accordance with the home country regulations. ] ******* 1 Inserted by SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011, w.e.f. 23.09.2011.