Very often, investors do not follow the detailed instructions that are printed on an application form and hence miss out on important things.  Such errors of omissions lead to rejection of application forms.

Some of the reasons for rejections are as follows:

1.  Application must be completed in full in BLOCK LETTERS in English.

2.  The application serial number should be written on the reverse of the cheque /DD/ stockinvest instruction.

Investor should take care : Ensure that this instruction is properly followed as very often, the instruments that are stapled to the application forms get dislodged and the only way of connecting the instrument with the application form is by the use of the application number.

3.  The applicants must submit only one application for the total numbers of equity shares required.

Investor should take care : Multiple applications are weeded out by the computer and through manual scrutiny and are rejected.  You must not apply in your name on more than one application.  Even an application made as a sole applicant on one application form and as the first applicant in another application form along with a joint applicant would result in a rejection.

4.  Applications must be in the name of individuals, limited companies, statutory corporations/institutions and not in the names of foreign nationals, minors, HUF, partnership firms or Proprietorships.

Investor should take care : Ensure that this instruction is adhered to.

5.  In case of application made under Power of Attorney, the relevant Power of Attorney or the relevant authority along with the certified copy of Memorandum and Articles of Association or bye-laws must be sent to the Registrars to the Issue by registered post with acknowledgement due, simultaneously with the submission of application form quoting the serial number of the form and the bank and branch in which it was deposited so as to reach the Registrars not later than 10 days from the closure of the issue.  Else, the application is liable to be rejected.

Investor should take care : This must be taken care of where individuals hold Power of Attorney for a Non-Resident Indian or otherwise, apart from a corporate applicant.

6.  Where the application is for a total value of Rs. 50000/- or more, or in the case of application in joint names, each of the applicants should mention his/her Permanent Account Number (PAN), or where the same has not been allotted, the fact of non-allotment should be mentioned in the application form.

Investor should take care : Make sure that your P.A No. is indicated when the total value of the application and not the application money amount is over Rs. 50,000/-For example:Suven Pharmaceuticals Ltd. issued shares at Rs. 50/- per share and took Rs. 50/- per share on application. Applications for more than 1000 shares would necessarily require a P.A. No. i.e. 1000 x Rs. 50/- = Rs. 50,000/-.  In cases, where an applicant is not assessed or has not been allotted the P.A.No., it must be specifically mentioned "Not Assessed" or "not Allotted".

7.  Signatures other than in English, Hindi, Tamil, Telugu, Kannada, Malayalam, Bengali, Punjabi, Marathi, Gujarathi and thumb impressions must be attested by a magistrate or a special Executive Magistrate or a Notary public under his/her office seal.

Investor should take care : Make sure that this is adhered to.

8. Make sure that every part of the application is filled and cross check it once again before submitting your application, as applications are liable to be rejected, if anything is missing.

9. Sign the conterfoil to remember the signature you have used on that particular application form.  This well help you when you sign the transfer deed.

10. Retain the counterfoils till you receive complete correspondence.

11. Ensure that there is an application form number on top and on the counterfoil, and both these numbers should tally.