8 APPLICATIONS MADE BY INSTITUTIONAL INVESTORS i Applications made by companies

8 applications made by institutional investors i

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8. APPLICATIONS MADE BY INSTITUTIONAL INVESTORS (i) Applications made by companies, corporate bodies, mutual funds, provident/pension/gratuity funds/trusts and other legal entities must be accompanied by an attested photocopy of their Memorandum and Articles of Association or equivalent instrument / document. Where applications are made by virtue of Power of Attorney, the same should also be submitted along with the application. Any Federal/Provincial Government Gazetted Officer, Councilor, Bank Manager, Oath Commissioner and Head Master of High School or bank manager in the country of applicant’s residence can attest copies of such documents. (ii) Attested photocopies of the documents mentioned in 8(i) must be produced for verification to the B anker to the issue and the applicant’s Banker (if different from the banker to the issue) at the time of presenting the application. The attested copies, will after verification, be retained by the bank branch along with the application 9. Only one application will be accepted against each account, however, in case of joint account, one application may be submitted in the name of each joint account holder. 10. Joint application in the name of more than two persons will not be accepted. In case of joint application each applicant must sign the application form and submit attested copies of their CNICs/Passport. The shares/certificates will be dispatched to the person whose name appears first on the application form while in case of CDS, it will be credited to the CDS account mentioned on the face of the form and where any amount is refundable, in whole or in part, the same will be refunded by cheque or other means by post, or through the Bank where the application was submitted, to the person named first on the application form, without interest, profit or return. Please note that joint application will be considered as a single application for the purpose of allotment of Shares/Certificates. 11. Subscription money must be paid by cheque drawn on applicant’s own bank account or pay order/bank draft payable to one of the Bankers to the Issue IPO OF ENGRO FERTILIZERS LIMITED and crossed “ A/C PAYEE ONLY ”. 12. For the applications made through pay order/bank draft, it would be permissible for a Banker to the Issue to deduct the bank charges while making refund of subscription money to unsuccessful applicants through pay order/bank draft individually for each application. 13. The applicant should have at least one bank account with any of the commercial banks. The applicants not having a bank account at all (non-account holders) are not allowed to submit application for subscription of Shares. 14. Applications are not to be made by minors and/or persons of unsound mind. 15. Applicants should ensure that the bank branch, to which the application is submitted, completes the relevant portion of the application form. 16. Applicants should retain the bottom portion of their application forms as provisional acknowledgement of submission of their applications. This should not be construed as an acceptance of the application or a guarantee that the applicant will be allotted the number of Shares/Certificates for which the application has been made.
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