R-WAP definition
Examples of R-WAP in a sentence
Further, R-WAP is only an additional option and not a replacement of the ASBA process.
At the R-WAP, resident Investors can access and submit the online CAF in electronic mode using the R-WAP and make online payment using their internet banking or UPI facility from their own bank account thereat.
The Application Monies received from Investors shall immediately and in any case within one Business Day from the date of receipt on the R-WAP, be deposited into the Escrow Account opened with the Escrow Collection Bank.
For guidance on the Application process through R-WAP and resolution of difficulties faced by the Investors, the Investors are advised to carefully read the frequently asked questions at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ or call helpline numbers (+▇▇-▇▇-▇▇▇▇▇▇▇▇, +▇▇-▇▇-▇▇▇▇▇▇▇▇, +▇▇-▇▇-▇▇▇▇▇▇▇▇).
PLEASE NOTE THAT ONLY RESIDENT INVESTORS CAN SUBMIT AN APPLICATION USING THE R-WAP.
Pursuant to provisions of Regulation 76 of the SEBI ICDR Regulations read with the SEBI Rights Issue Circulars, all Applicants including Renouncees desiring to make an Application in this Issue are mandatorily required to use either a) the ASBA process or b) the optional mechanism instituted only for resident Investors in this Issue, i.e., R-WAP.
Applications submitted to anyone other than the Designated Branch of the SCSB or using R-WAP are liable to be rejected.
FOR RISKS ASSOCIATED WITH THE R-WAP PROCESS, SEE “RISK FACTORS – THE R-WAP PAYMENT MECHANISM FACILITY PROPOSED TO BE USED FOR THIS ISSUE MAY BE EXPOSED TO RISKS, INCLUDING RISKS ASSOCIATED WITH PAYMENT GATEWAYS”.
The Registrar through the R-WAP facility will facilitate subscription in the Issue in an efficient manner without imposing any additional costs on investors.
All payments on the CAF shall be made only through ASBA facility or internet banking or UPI facility if applying through R-WAP.