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PART VIII
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8 |
APPLICATION ANO ALLOTMENT INSTRUCTIONS |
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8.1 |
Name(s) and address(es) must be written in full, in block letters, in English
and |
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should
not be abbreviated. ALL APPLICATIONS MUST BEAR THE SIGNATURE AND
ADDRESS CORRESPONDING WITH THAT RECORDED WITH THE BANK IN THAT
ACCOUNT. IN CASE OF DIFFERENCE OF SIGNATURE WITH THE BANK AND ON
N.I.C., BOTH THE SIGNATURES SHOULD BE AFFIXED ON THE FORM. |
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8.2 |
Applications must be made on the Company's printed form or a photocopy thereof.
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8.3 |
An attested copy of National Identity Card should invariably be enclosed
and the |
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number
indicated against the name(s) of applicant(s), except in case of the
applications filed by the Investment Corporation of Pakistan on behalf of
its account
holders/investors, Copy of the National Identity Card can be attested by
any
Federal/Provincial Government Gazetted Officer, Councilor, Bank Manager,
Oath
Commissioner or Head-Master of High School etc. |
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8.4 |
Application must not be for less than 500 shares valuing Rs.5,000 and must
be in |
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multiples
of 500 shares of the face value of Rs. 10 each. |
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Share certificates will be issued in lots of 500 shares of Rs. 10 each. |
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8.5 |
Subscription money must be paid by cheque drawn on applicant's own account.
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Only one application will be accepted against each account. In case of joint
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accounts, one application will be accepted in the name of each of the joint
account
holder. No application will be accepted in the name of a person shown as
minor in the
record of the bank. |
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Original identity card, along with one attested photo copy, must be produced
for |
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verification to the branch at the time of presenting an application. The
attested
photocopy will after verification, be retained by the branch along with
the application. |
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8.6
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Copies of the Prospectus and application forms can be obtained from the
members of
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the
Karachi Stock Exchange (Guarantee) Limited and the Bankers to the Issue
and their
branches and the Registered Office of the Company. |
8.7 |
Remittance for the full amount of shares of Rs. 10/- per share must accompany
each |
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application
and must be forwarded to anyone of the Bankers to the Issue named in the
Prospectus. Remittance should be in the form of cheques or drafts drawn
payable to one
of the Bankers to the Issue A/C "SOUTHERN ELECTRIC POWER COMPANY LIMITED"
and crossed "A/C Payees only" and must be drawn on a bank in the
same town as the
bank to which the application form has been sent. |
8.8 |
Applications are not to be made by minors, foreign nationals (except by
express permission
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of
the State Bank of Pakistan), persons of unsound mind or firms or trusts.
Applications made
by companies and corporate bodies must be accompanied by a copy of their
Memorandum
and Articles of association or by virtue of Power of Attorney, the instrument
of Power of
Attorney must be lodged with the application. |
8.9 |
Joint application by more than four persons will not be accepted. In the
case of a joint |
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application
each party must sign the application form and submit copies of attested
National
Identity f Cards. The Share Certificates will be dispatched to the person
whose name appears
first on the l application form and where any amount is refundable, in whole
or in part, the same
will be t refunded by cheque and by post, or through the bank where the
application was lodged,
to the t person named first on the application form, without interest. |
8.10 |
Banks are not allowed to make applications for the shares of the total value
of Rs. 5,000/- on |
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account
of their constituents except in case of Pakistanis residing abroad. Such
applications
will be made by the subscriber himself/herself, complete in all respects
and shall be certified
by the Bank Manager as provided in the application form. Share certificates
in respect of such
applications shall be made in the name of applicant and sent to the postal
address stated in
the application form or to the bank through which the application was tendered.
These shall not
be issued in the name of the Bankers. |
8.11 |
Applications for shares above the nominal value of Rs. 5,000/- may be made
by the banks on |
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behalf
of their constituents but must contain all the information in respect of
each constituent
on the application form. All such applications made by the banks must also
be certified by the
bank manager concerned as provided in the application form. Share certificates
in respect of
such applications will be made in the name of Banks on account of the constituent
and the
relevant share certificates and advice for refunds will be sent to the Bank
concerned. |
8.12 |
No receipt will be issued for the payment made with the application but
an acknowledgment will |
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be
forwarded in due course either by issue of certificates in whole or in part
or by return of the
money paid with the application. The Company's bankers to the issue will
issue provisional
acknowledgment for application lodged with them. |
8.13 |
It would be permissible for a bank to refund subscription money to unsuccessful
applicants |
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having
an account in that bank by crediting such account instead of remitting the
same by
cheque, pay order or bank draft. Applicants should therefore, not fail to
give their bank
account number. |
8.14 |
Applications shall be subject to pre-ballot as well as post-ballot scrutiny.
Applications which |
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do
not meet with the above requirements or applications which are incomplete
will be rejected. |
8.15 |
In case of application made by a banker or recognized Stock Exchange member,
the banker or |
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member
shall obtain the certificate from the applicant(s) in terms of paragraph
3 of the
application form and forward the same in original to the Company with the
application. |
8.16 |
Making of any false statements in the application or willfully embodying
incorrect information |
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therein
will make the applicant or the bank liable to legal action. |
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8.17
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Fictitious or multiple applications made by or on behalf of any person are
prohibited by law. |
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In
case of contravention, application money shall be liable to confiscation. |
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SIGNATORIES TO THE PROSPECTUS
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John Noel Laxton
Sd/-
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Ali Mahmood Sd/-
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Sultan Kurji Sd/-
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Khurshid Hadi Sd/-
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Mrs. Sughra Mahmood Sd/-
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Mohammad Akram Khan Sd/-
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Stanley Alan Ridley Sd/-
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Muhammad Munawar Sd/-
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