NRU
(Paragraph 10C.8)
Form of undertaking regarding non-repatriation of capital
to be invested in firms/companies in India
In consideration of the Reserve Bank of India having agreed to permit me/usto invest an amount of Rs.________________________________________________________________________
(Rupees_____________________________________________________________________)
in___________________________________________________________________________
(Name of firm/company in which investment is to be made)
I/We_________________________________________________________________________
son/daughter/wife of ____________________________________________________ dohereby
agree and undertake that I/we will not at any time, seek repatriationof thecapital invested. This undertaking will also be binding on my/our heirs,executors, successors and assigns and they will not be entitled to seekrepatriation of any capital invested by me/us.
| Place _____________ | | |
| Date ______________ | | |
| | | Signature/s of non-resident investor/s |
------------------------------------------------------------------------------------------------------------------
| Note : In case of public issues through prospectus, the Indian company issuing shares may obtain the non-repatriation undertaking from the eligible non-resident investors on the shares subscription form itself. In such cases it will not be necessary to submit separate undertakings to Reserve Bank. The Indian company should, however, confirm while applying to Reserve Bank in Form ISD for permission to issue shares/debentures to non-residents that the required non-repatriation undertakings have been obtained from all non-resident investors. |