Annexure XIV Continued… - Edelweiss

(b) Our Company has applied to the NSE and the BSE for obtaining their in-principle listing approval for
listing of the Equity Shares under this Issue through its applications dated ●] [ and [●], respectively , and
has received the in-principle approvals from the NSE and the BSE pursuant to their letters dated ●] [ and
[●], respectively. For the purposes of this Issue, the [●] shall be the Designated Stock Exchange;
(c) Our Company has entered into agreements dated August 10, 2006 and May 23, 2011 with NSDL and
CDSL respectively, for dematerialisation of the Equity Shares; and
(d) The Equity Shares are fully paid-up and there are no partly paid-up Equity Shares as on the date of this
Draft Red Herring Prospectus.
Disclaimer clause of SEBI
AS REQUIRED, A COPY OF THIS DRAFT RED HERRING PROSPECTUS HAS BEEN
SUBMITTED TO SEBI.
IT IS TO BE DISTINCTLY UNDERSTOOD THAT SUBMISSION OF OFFER DOCUMENT TO THE
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) SHOULD NOT IN ANY WAY BE
DEEMED OR CONSTRUED THAT THE SAME HAS BEEN CLEARED OR APPROVED BY SEBI.
SEBI DOES NOT TAKE ANY RESPONSIBILITY EITHER FOR THE FINANCIAL SOUNDNESS
OF ANY SCHEME OR THE PROJECT FOR WHICH THE ISSUE IS PROPOSED TO BE MADE OR
FOR THE CORRECTNESS OF THE STATEMENTS MADE OR OPINIONS EXPRESSED IN THE
OFFER DOCUMENT. THE MANAGERS, IDFC CAPITAL; EDELWEISS; JP MORGAN;
MACQUARIE; AXIS; I-SEC; AND YES BANK, HAVE CERTIFIED THAT THE DISCLOSURES
MADE IN THE OFFER DOCUMENT ARE GENERALLY ADEQUATE AND ARE IN
CONFORMITY WITH THE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS)
REGULATIONS, 2009 IN FORCE FOR THE TIME BEING. THIS REQUIREMENT IS TO
FACILITATE INVESTORS TO TAKE AN INFORMED DECISION FOR MAKING INVESTMENT
IN THE PROPOSED ISSUE.
IT SHOULD ALSO BE CLEARLY UNDERSTOOD THAT WHILE THE ISSUER IS PRIMARILY
RESPONSIBLE FOR THE CORRECTNESS, ADEQUACY AND DISCLOSURE OF ALL
RELEVANT INFORMATION IN THE OFFER DOCUMENT, THE MANAGERS ARE EXPECTED
TO EXERCISE DUE DILIGENCE TO ENSURE THAT THE ISSUER DISCHARGES ITS
RESPONSIBILITY ADEQUATELY IN THIS BEHALF AND TOWARDS THIS PURPOSE, THE
MANAGERS, IDFC CAPITAL; EDELWEISS; JP MORGAN; MACQUARIE; AXIS; I-SEC; AND
YES BANK, HAVE FURNISHED TO SEBI A DUE DILIGENCE CERTIFICATE DATED MAY 30,
2011, WHICH READS AS FOLLOWS:
“WE, THE MANAGERS TO THE ISSUE, STATE AND CONFIRM AS FOLLOWS:
(1) WE HAVE EXAMINED VARIOUS DOCUMENTS INCLUDING THOSE RELATING TO
LITIGATION LIKE COMMERCIAL DISPUTES, PATENT DISPUTES, DISPUTES WITH
COLLABORATORS, ETC. AND OTHER MATERIAL IN CONNECTION WITH THE
FINALISATION OF THIS DRAFT RED HERRING PROSPECTUS PERTAINING TO THE
SAID ISSUE;
(2) ON THE BASIS OF SUCH EXAMINATION AND THE DISCUSSIONS WITH THE ISSUER,
ITS DIRECTORS AND OTHER OFFICERS, OTHER AGENCIES, AND INDEPENDENT
VERIFICATION OF THE STATEMENTS CONCERNING THE OBJECTS OF THE ISSUE,
PRICE JUSTIFICATION AND THE CONTENTS OF THE DOCUMENTS AND OTHER
PAPERS FURNISHED BY THE ISSUER, WE CONFIRM THAT:
(a) THE DRAFT RED HERRING PROSPECTUS FILED WITH SEBI IS IN
CONFORMITY WITH THE DOCUMENTS, MATERIALS AND PAPERS RELEVANT
TO THE ISSUE;
(b)
ALL THE LEGAL REQUIREMENTS RELATING TO THE ISSUE AS ALSO THE
REGULATIONS, GUIDELINES, INSTRUCTIONS, ETC. FRAMED/ISSUED BY SEBI,
THE CENTRAL GOVERNMENT AND ANY OTHER COMPETENT AUTHORITY IN
THIS BEHALF HAVE BEEN DULY COMPLIED WITH; AND
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