FORMAT OF THE DUE DILIGENCE CERTIFICATE TO BE FILED BY THE LEAD MANAGER(S) FOR IDR ISSUES

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....red to as the 'DRHP')/ Red Herring Prospectus (hereinafter referred to as the 'RHP')/ Prospectus is being filed with the Securities and Exchange Board of India (hereinafter referred to as the "Board") in compliance with Chapter VIA of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 or any statutory modification or re-enactment thereof (hereinafter referred to as the "DIP Guidelines") read with the Companies (Issue of Indian Depository Receipts) Rules, 2004 (hereinafter referred to as "the IDR Rules"), on a public basis, for approval. 2. We have examined the disclosures made by the Issuing Company in jurisdictions where its underlying equity shares are listed so as to ensure uniformity and pa....

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....P/RHP/Prospectus, except [ ], are registered with the Board and that till date such registration is valid. 6. We have satisfied ourselves about the worth of the underwriters to fulfil their underwriting commitments. 7. We certify that the proposed activities of the Issuing Company for which the funds are being raised in the present issue fall within the 'main objects' listed in the object clause of the Memorandum of Association or other charter of the Issuing Company and that the activities which have been carried out until now are valid in terms of the object clause of its Memorandum of Association. 8. We confirm that necessary arrangements have been made to ensure that the moneys received pursuant to the issue are kept in a separate ba....

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....e commencement of listing and trading of the IDRs offered through this issue, shall be informed through public notices/ advertisements in all those newspapers in which pre-issue advertisement and advertisement for opening or closure of the issue have been given. 14. We confirm that the abridged prospectus contain all the disclosures as specified in the DIP Guidelines. 15. We confirm that agreements have been entered into with both the depositories for dematerialisation of the IDRs of the Issuing Company PLACE: DATE: LEAD MERCHANT BANKER(S) TO THE ISSUE WITH HIS/ THEIR SEAL (S) ANNEXURE TO THE DUE DILIGENCE CERTIFICATE FOR THE ISSUE OF _______________________ BY ______________________________ 1. Memorandum and Articles of Associatio....