APPLICATION FOR INVESTMENT BY NON-RESIDENT INDIANS/OVERSEAS CORPORATE BODIES IN THE INDIAN PARTNERSHIPS/COMPANIES ON REPATRIATION BASIS UNDER 24%/51%/100% SCHEMES/ (AUTOMATIC APPROVALS/AIR TAXI/HOUSING AND REAL ESTATE DEVELOPMENT SCHEMES)

1.

Application in duplicate should be submitted to the Chief General Manager, Exchange Control Department, Reserve Bank of India, Central Office, Foreign Investment Division (II), NRI Cell, Mumbai - 400 001.

2.

This application should be made before receiving funds from prospective investors.

3.

Please submit certified copies of the following documents wherever applicable:

(i) Letter issued by the Secretariat for Industrial Approvals (SIA), Ministry of Industry, Government of India, allowing investment.

(ii)

A certified copy of the Memorandum and Articles of Association.

(iii)

A certified copy of the Board Resolution regarding issue of equity shares/convertible debentures.

(iv)

Certified copy of Governments approval for Air Taxi Operations.

(v)

An undertaking that the company will not carry on agricultural/plantation activities.

(vi)

In case the proposed investment is to be made by an overseas corporate body under NRI Investment Scheme, an original certificate in form OAC/OAC-1 of a recent date from an overseas auditor/Chartered Accountant/Certified Public Accountant.

I

(a)

Name and Address of the Applicant/Company in full (BLOCK LETTERS)

Name of the

Applicant Company

Address

Pin Code

Telephone

(b)

Date of Incorporation/Registration

Date

Mth.

Year

II

(1)

Capital Structure of the Indian Company (Amount in Rupees)

Equity (Amount)

Preference (Amount)

(a)

Authorised

(b)

Subscribed

(c)

Paid-up

(d)

Face Value

per share

(2)

Pattern of share holding in existing paid-up capital (Amount in Rupees)

Equity

Percentage

(a)

Foreign holding

Preference

Percentage

(b)

Holdings of non-resident Indians / Overseas Corporate Bodies predominantly owned by NRIs.

Equity

Percentage

(i)

Repatriable

Preference

Percentage

Equity

Percentage

(ii)

Non-Repatriable

Preference

Percentage