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      Home Back   
     

    FORM OF ACCEPTANCE CUM ACKNOWLEDGEMENT

    (All terms and expressions used herein shall have the same meaning as ascribed thereto in the Letter of Offer)

     

    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

    (Please send this Form of Acceptance with enclosures to the Registrar to the Offer as mentioned herein)

     

    OFFER OPENS ON

    :

    Tuesday, February 18, 2003.

    OFFER CLOSES ON

    :

    Wednesday, March 19, 2003

     

    Please read the Instructions overleaf before filling-in this Form of Acceptance

     

    From:

    Name:

    Address:

    FOR OFFICE USE ONLY

    Acceptance Number

     

    Number of equity shares offered

     

    Number of equity shares accepted

     

    Purchase consideration (Rs.)

     

    Cheque / Demand Draft / Pay Order No.

     

     

    Tel. No.:                                 Fax No.:                                 E-mail:

     

     

    To,

    IT People Private Limited,

    Unit No.11, Goradia Industrial Estate,

    Goregaon (West),

    Mumbai- 400 062

    Maharashtra, India.

     

    Dear Sir / Madam,

     

    Sub:  Open Offer to acquire 27,71,000 fully paid-up equity shares of Rs. 10/- each, at an Offer Price of Rs. 2.50/- per equity share of Balwas e-Com India Limited representing 27.21% of the total issued, subscribed and paid-up equity share capital and total voting capital by IT People Private Limited

     

    1. I / We refer to the Letter of Offer dated Friday, February 14, 2003 for acquiring the equity shares held by me / us in Balwas e-Com India Limited.

     

    1. I / We, the undersigned have read the aforesaid Letter of Offer and understood its contents including the terms and conditions as mentioned therein.

    SHARES IN PHYSICAL FORM

     

    1. I / We, unconditionally offer to sell to IT People Private Limited (hereinafter referred to as the �Acquirer�) the following equity shares in Balwas e-Com India Limited (hereinafter referred to as �BEIL�), held by me / us, at price of Rs.2.50/- (Rupees Two and Paise Fifty Only) per fully paid-up equity share and enclose the original share certificate(s) and duly signed valid Transfer Deed(s) in respect of my / our equity shares as detailed below (In case of insufficient space, please use an additional sheet and authenticate the same if required):

     

    Ledger Folio No������������ Number of share certificates attached������.. representing ���������� equity shares

    Number of equity shares held in BEIL

    Number of equity shares offered

    In figures

    In words

    In figures

    In words

     

     

     

     

     

    Sr. No.

    Certificate No.

    Distinctive Nos.

    No. of Shares

     

     

    From

    To

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total

     

     

    1. I / We confirm that the equity shares of BEIL which are being tendered herewith by me / us under this Offer, are free from liens, charges and encumbrances of any kind whatsoever.

     

    1. I / We note and understand that the original share certificate(s) and valid share transfer deed(s) will be held in trust for me / us by the Registrar to the Offer until the Acquirer makes payment of consideration / the date by which Original Share Certificate(s), Transfer Deed(s) and other documents are dispatched to the shareholders, as the case may be.

     

    1. I / We also note and understand that the Acquirer will pay the consideration only after verification of the documents and signatures.

     

    SHARES IN DEMAT FORM

     

    7.        I / We hold the following equity shares in Demat Form and accept the Offer and enclose a original Depository Delivery Instruction / Counterfoil of Delivery Instruction duly acknowledged by DP in respect of my / our equity shares as detailed below:

     

    DP NAME

    DP ID

    Client ID

    Name of Beneficiary

    No. of Shares

     

     

     

     

     

     

    1. I / We have done an off market transaction for crediting the shares to the Special Depository Account opened by the Registrars to the Offer, whose particulars are:

    DP Name

    :

    IndusInd Bank Ltd.

    DP � ID

    :

    IN-300159

    Beneficiary ID

    :

    10326022

    ISIN

    :

    INE354B01011

    Account Name

    :

    Bigshare Services Pvt. Ltd - Escrow Account-Balwas e-Com India Ltd.- Open Offer.

     

     

     

     

     

     

     

     

    1. I / We note and understand that the equity shares would lie in trust in the said A/c i.e.� Bigshare Services Pvt. Ltd-Escrow Account-Balwas e-Com India Ltd. - Open Offer� until the Acquirer makes payment of the purchase consideration as mentioned in the Letter of Offer.

     

    10.     I  / We confirm that the equity shares of BEIL which are being tendered herewith by me  / us under this Offer, are free from liens, charges and encumbrances of any kind whatsoever.

     

    11.     I / We authorise the Acquirer to accept the equity shares so offered or such lesser number of equity shares that the Acquirer may decide to accept, in full or in part, in consultation with the Manager to the Offer and in terms of the said Letter of Offer and I / we further authorise the Acquirer to apply and obtain on our behalf split of share certificate(s) as may be deemed necessary by them for the said purpose.

     

    12.     I / We further authorise the Acquirer to return to me / us, at my / our risk, equity share certificate(s) in respect of which the Offer is not accepted or not found valid / split certificate, specifying the reasons thereof and in case of dematerialised shares to the extent not accepted to release to my Depository Account, at my sole risk.

     

    1. My / Our execution of this Form of Acceptance shall constitute my / our warranty that the equity shares comprised in this application are owned by me / us and are transferred by me / us free from all liens, charges, claims of third parties and encumbrances. If any claim is made by any third party in respect of the said equity shares, I / we will hold the Acquirer, harmless and indemnified against any loss they or either of them may suffer in the event of the Acquirer acquiring these equity shares. I / We agree that the Acquirer may pay the Offer Price only after due verification of the document(s) and signature(s) and on obtaining the necessary approvals as mentioned in the said Letter of Offer.

     

    14.     I / We undertake to execute such further document(s) and give such further assurance(s) as may be required or expedient to give effect to my / our agreeing to sell the said equity shares.

     

    15.     I / We irrevocably authorise the Acquirer or the Registrars to the Offer to send by Registered Post, at my / our risk, the Cheque(s) / Demand Draft(s) / Pay Order(s) in full and final settlement of the consideration amount and excess share certificate(s), if any, to the sole / first holder at the address mentioned hereunder and if full address is not given below the same will be forwarded at the address registered with BEIL:

     

    Yours faithfully,

     

    Name and complete address of the Sole / First holder (in case of member(s), address as registered with BEIL):

    ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    Place: ----------------- Date: ------------------ Tel. No(s). : ----------------- Fax No.: -----------------------

     

    In order to avoid fraudulent encashment of the Cheque(s) / Demand Draft(s) / Pay Order(s), during transit, the shareholders are requested to provide details of the Bank Account Number, Bank Branch of the Sole / First holder. The Acquirer will despatch the payment consideration by way of Cheque(s) / Demand Draft(s) / Pay Order(s) with the bank particulars, if provided.

     

    Bank Account No.: --------------------------------- Type of Account: --------------------------------------

                                                                                                    (Savings  / Current  / Other (please specify))

    Name of the Bank: ----------------------------------------------------------------------------------------------

     

    Name of the Branch and Address: ----------------------------------------------------------------------------

     

     

     

     

     

     

     

     

    Signed and Delivered

    Full Name (s)

    PAN / GIR No.

    Signature (s)

    First/ Sole Shareholder

     

     

     

    Second Shareholder

     

     

     

    Third Shareholder

     

     

     

     

    Note: In case of joint holdings, all shareholders must sign. In the case of body corporate, stamp of the company should be affixed and necessary resolution should be attached.

     

     

    Place:                                                      Date :                                                      * Strike out if not applicable.

     


    ACKNOWLEDGEMENT SLIP

    IT People Private Limited,

    Unit No.11, Goradia Industrial Estate, Goregaon (West), Mumbai- 400 062, Maharashtra, India.

    Open Offer to acquire 27,71,000 fully paid-up equity shares of Rs. 10/- each, at an Offer Price of Rs.2.50/- per equity share of Balwas e-Com India Limited representing 27.21% of the total issued, subscribed and paid-up equity share capital and total voting capital by IT People Private Limited

    Received from Mr. / Ms. / Mrs. ������...�����������������.. Ledger Folio No. �����������.. Number of certificates�����../# DP Name ����..�������.. DP � ID ������� Beneficiary ID ������.. Copy of the Delivery Instruction to (DP) or counterfoil of the Delivery Instruction(s) for.....................shares credited to the Special Depository Account opened by the Registrars to the Offer enclosed as per the Letter of Offer dated F4riday, February 14, 2003.

     

    # Delete whichever is not applicable

    Stamp

                                                                                                                                    Authorised Signatory

                                                                                                                                    Date

                                                                                                   

    -------------------------------------------------------------------------------------------------------------------------------------

    Note: All future correspondence, if any, should be addressed to

    REGISTRARS TO THE OFFER

     

    Bigshare Services Private Limited

    Contact person: Mr. Varghese P. A.

    E-2, Ansa Industrial Estate, Saki Vihar, Road, Sakinaka, Andheri (East), Mumbai � 400 072

    Telephone nos.: (022) � 2-856-0652 / 53; Fax no.: (022) � 2-852-5207

     

     

    -------------------------------------------------------------------(Tear Here) ---------------------------------------------------


    INSTRUCTIONS

     

    1         Please read the enclosed Letter of Offer carefully before filling-up this Form of Acceptance.

     

    2         The Form of Acceptance should be filled-up in English only.

     

    3         Signature(s) other than in English, Hindi, Marathi and thumb impressions must be attested by a Notary Public under his Official Seal.

     

    4         In the case of demat shares, the shareholders are advised to ensure that their equity shares are credited in favour of the special depository account, before the closure of the Offer. The Form of Acceptance cum Acknowledgement of such demat shares not credited in favour of the special depository account, before the closure of the Offer will be rejected.

     

    5         Shareholders should enclose the following:-

     

    i.         For Equity shares held in demat form:-

     

    Beneficial owners should enclose

     

    �         Form of Acceptance cum Acknowledgement duly completed and signed in accordance with the instructions contained therein, as per the records of the Depository Participant (DP).

    �         A copy of original Delivery Instruction(s) or the counterfoil of the Delivery Instruction(s) in �Off-market� mode duly acknowledged by the DP.

     

    Unregistered owners should enclose:

     

    �         Form of Acceptance cum Acknowledgement duly completed and signed in accordance with the instructions contained therein.

    �         A copy of original Delivery Instruction(s) or the counterfoil of the Delivery Instruction(s) in �Off-market� mode duly acknowledged by the DP.

     

    ii.       For Equity shares held in physical form:-

     

            Registered Shareholders should enclose:

     

    �         Form of Acceptance cum Acknowledgement duly completed and signed in accordance with the instructions contained therein, by all shareholders whose names appear on the share certificates.

    �         Original Share Certificate(s).

    �         Valid Share Transfer form(s) duly signed as transferors by all registered shareholders (in case of joint holdings) in the same order and as per specimen signatures registered with BEIL and duly witnessed at the appropriate place. A blank Share Transfer form is enclosed along with this Letter of Offer.

     

    Unregistered owners should enclose:

     

    �         Form of Acceptance cum Acknowledgement duly completed and signed in accordance with the instructions contained therein.

    �         Original Share Certificate(s).

    �         Original broker contract note.

    �         Valid Share Transfer form(s) as received from the market.

     

    6.        The details of buyer should be left blank failing which the same will be invalid under the Offer. The details of the Acquirer as buyer will be filled by the Acquirer upon verification of the Form of Acceptance and the same being found valid. All other requirements for valid transfer will be preconditions for valid acceptance.


     

    7.        The Form of Acceptance, Share Certificate(s), Share Transfer Deed(s), copy of the original Delivery Instruction(s) or the counterfoil of the Delivery Instruction(s) and any other documents should be sent only to the Registrar to the Offer and not to the Manager to the Offer or the Acquirer or the target company.

     

    8.        Shareholders having their beneficiary account in CDSL have to use �INTER DEPOSITORY DELIVERY INSTRUCTION SLIP� for the purpose of crediting their shares in the favour of the special depository account with NSDL.

     

    9.        Non-resident shareholders should enclose a copy of the permission received from RBI for the equity shares held by them in BEIL. If the equity shares are held under General Permission of RBI the non-resident shareholder should state that the equity shares are held under General Permission and whether on repatriable basis or non repatriable basis.

     

    10.     Non resident shareholders should enclose No Objection certificate / Tax Clearance certificate from the Income Tax Authorities under Income-Tax Act, 1961, indicating the tax to be deducted by the Acquirer before remittance of consideration otherwise tax will be deducted at marginal rate as may be applicable to the category of the shareholder on the consideration payable by the Acquirer.

     

    11.    Collection Centre and availability of LoF, FoA, FoW and Transfer Deed(s)

     

    The LoF, FoA, FoW and Transfer Deeds will be available and can be submitted at the office of Registrars to the Offer at the following address between working hours on any working day during the period the open offer is open i.e Tuesday, February 18, 2003 to Wednesday, March 19, 2003 (other than on Sundays and Bank Holidays). For tendering the equity shares in the open offer, the completed FoA should be sent by Hand Delivery or Registered Post at the office of Registrars to the Offer at the following address so as to reach on or before 1700 hours on Wednesday, March 19, 2003 (i.e. the date of closure of the open offer):

     

    Bigshare Services Pvt. Ltd.

    E-2, Ansa Industrial Estate, Saki Vihar Road, Sakinaka,

    Andheri (East), Mumbai - 400 072.

    Telephone Nos.: (022)-2-856-0652 / 53; Fax No.: (022)-2-852-5207

    Contact Person: Mr. Varghese P.A.

    Mode of Delivery: Registered Post / Hand Delivery

    Days and Time: Monday to Saturday

    Between: 1000 hours and 1700 hours 

     

     

     

     

     

     

     

     

     

     


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