1.

The application should be completed in duplicate and submitted to the Chief General Manager, Exchange Control Department (Foreign Investment Division), NRI Cell, Reserve Bank of India, Central Office, Mumbai 400 001 through a designated branch of a bank authorised to deal in foreign exchange in India. Under the Portfolio Investment Scheme, only certain branches have been designated to undertake the work relating to investments. In order to facilitate such investments, it would be advisable if the applicants account is maintained with the same branch of the bank through which this application is submitted.

2.

This form may be used for permission to purchase debentures also.

3

Applicants wishing to purchase shares/debentures with repatriation benefits should submit separate application on form RPI to the above office of Reserve Bank through the same designated branch.

4.

For the purpose of the facility of investment in shares and securities, a person (not being a citizen of Pakistan or Bangladesh) shall be deemed to be of Indian origin if (i) he, at any time, held Indian passport, or (ii) he or either of his parents or any of his grand parents was a citizen of India by virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1955). A spouse (not being a citizen of Pakistan or Bangladesh) of an Indian citizen or of a person of Indian origin is also deemed to be a person of Indian origin.

First

Second

Third

1.

Particulars of the applicant :

Holder

holder

holder

(i)

Full name

(i)

(ii)

Overseas address*

(ii)

(iii)

Nationality

(iii)

(iv)

Details of current passport

(iv)

(a)

Passport number

(a)

(b)

Place and date of issue

(b)

(c)

Issued by

(c)

(d)

Country of residence as stated in the passport

(d)

(e)

Country of birth

(e)

(v)

If the applicant is not a citizen of India, the basis on which he/she claims to be a person of Indian origin (Please refer instruction No.4)

(v)

(vi)

Whether resident outside India permanently; if not, since when residing abroad

(vi)

(vii)

Occupation (employment, business vocation etc.)

(vii)

(viii)

Relationship with other joint holders

(viii)

2.

Name and address of the bank branch in India through which the applicant desires to purchase shares/ debentures

3.

Source of funds from which payment for shares/debentures to be purchased will be made:

(i)

By remittances from abroad

(i)

(ii)

From non-resident bank account in India

(ii)

(a)

Nature of account viz.NRE/ FCNR/NRO account

(a)

(b)

Account number

(b)

(c)

Address of the bank branch maintaining the account

(c)

I/We solemnly declare that the particulars given above are true and correct to the best

of my/our knowledge and belief and that I/We am/are citizen(s) of India/person(s) of Indian origin.

I/We also hereby agree and undertake that in the event of the Reserve Bank of India

permitting me/us to purchase shares/debentures in Indian companies, I/We, will not, at any time, seek repatriation of the capital invested or of the income earned thereon. This undertaking will also be binding on my/our heirs, executors, successors and assigns and they will not be entitled to seek repatriation of any capital so invested by me/us or any income earned thereon.

Place

:

.......................

..............................................................

Date

:

.......................

(Signature of Applicant/s)

We hereby certify that the applicant(s) is/are non-resident(s) of Indian nationality/origin

and that he/she/they is/are our bonafide constituent(s). We also undertake to ensure that shares/debentures will be purchased through recognised stock exchange/s in India in conformity with the relevant Exchange Control regulations and we shall comply with the terms and conditions as may be stipulated by the Reserve Bank while granting its permission to purchase shares/debentures on behalf of the applicant/s.

Stamp

(Signature of authorised official)

Name:

....................................................................

Designation:

...........................................................

Date :

Name and Address

.............................................

of Designated Bank

...............................................