Where NRIs/OCBs intend to subscribe to new issues of Indian companies, authorised dealers may allow payment of subscription (application money) from the applicants NRE/FCNR accounts or NRO accounts, as the case may be. If the subscription or any portion thereof (inclusive of interest on delayed refunds of share application money) is to be refunded by the company, authorised dealers may recredit the amount to the same account of the applicant from which it was drawn earlier. In cases where subscription to new issues of shares/securities were made by remittance from abroad or by debit to the investors NRE/FCNR account, he will have the option of having the excess subscription refunded to him either by remittance of the amount abroad or by credit to his NRE/FCNR account. Remittance of funds abroad or credit thereof to the applicants NRE/FCNR account may be allowed only if the relative refund order is accompanied by a certificate from the collecting bankers or the investee companys bankers indicating that the original subscription was received by way of remittance from abroad or by debit to the applicants NRE/FCNR account. Authorised dealers may also ensure that the payment of interest in respect of delayed refund of share subscription is in accordance with the provisions indicated in the prospectus of the company in its public issue as vetted by Securities and Exchange Board of India (SEBI).