Extending number of centers where refund shall be made through ECS in public/rights issues - SEBI - SEBI/CFD/DILDIP/29/2008/01/02

Neelam Bhardwaj General Manager Corporation Finance Department Division of Issues and Listing Phone: +91 22 26449350 (D), Email: [email protected] 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 sub-section (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 Annexure I List of ECS (Credit and Debit) Centres Sl. No. Name of the Centre Managed by Reserve Bank of India 1. Ahmedabad 2 Bangalore 3. Bhubaneshwar 4. Kolkata 5. Chandigarh 6. Chennai 7. Guwahati 8. Hyderabad 9. Jaipur 10. Kanpur 11. Mumbai 12. Nagpur 13. New Delhi 14. Patna 15. Thiruvananthapuram Sl. No. Name of the Centre Managed by State Bank of India 1. Baroda 2. Dehradun 3. Nashik 4. Panaji 5. Surat 6. Trichy 7. Trichur 8. Jodhpur 9. Gwalior 10. Jabalpur 11. Raipur 12. Calicut 13. Siliguri (non-MICR) 14. Pondicherry 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) Managed by 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 Managed by State Bank of Indore 1. Indore Managed by Union Bank of India 1. Pune 2. Salem 3. Jamshedpur Managed by Andhra Bank 1. Visakhapatnam Managed by Corporation Bank 1. Mangalore Managed by Bank of Baroda 1. Coimbatore 2. Rajkot Managed by State Bank of Travancore 1. Kochi/Ernakulam Managed by Central Bank of India 1. Bhopal Managed by Canara Bank 1. Madurai Managed by Oriental Bank of Commerce 1. Amritsar Managed by United Bank of India 1. Haldia (non- MICR) Managed by State Bank of Hyderabad 1. Vijaywada Managed by State Bank of Bikaner Jaipur 1. Bhilwara