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 Government's 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

Equity

Percentage

(c)

Resident holding

Preference

Percentage

(d)

Total {a+b(i+ii)+c}:

Equity

Preference

III

Particulars of the New Issues (Amount in Rupees)

A.

Equity/Preference Shares

Face value per unit

Premium, if any

Category

Amount (Face Value)

Percentage

i)

NRIs

ii)

OCBs

iii)

Foreigners

iv)

Residents

v)

Total

B.

Convertible Debentures

Face value per unit

Category

Amount (Face Value)

Percentage

i)

NRIs

ii)

OCBs

iii)

Foreigners

iv)

Residents

v)

Total

IV

For Investment In Partnership Firms

(1)

Existing Capital (Amount in Rupees)

Name

Capital Contribution

Percent

Profit

Sharing

Ratio

(a)

Non Residents

1.

2.

3.

4.

(b)

Residents

1.

2.

3.

4.

(2)

Proposed Additional Capital (Amount in Rupees)

(a)

Non Residents

1.

2.

3.

4.

(b)

Residents

1.

2.

3.

4.

V

Rupee equivalent of foreign exchange component in the CIF value of capital goods to be imported

VI

Existing Activity(ies), if any, of the Indian company (to be given in brief)

(a)

Item Code [Indian Trade Classification (Harmonised System)]

[Please see note at the end of the form]

(b)

Item Description

VII

Item(s) of manufature or activity(ies) proposed to be undertaken (in case of more than one item, supplementary sheets may be used).

(a)

Item Code [Indian Trade Classification (Harmonised System)]

(b)

Item Description

VIII

Location and full address of the proposed factory if known.

Loaction

Village/Town

Tehsil/Taluk

District

State

Pin Code

IX

Expected date of commencement of commercial production.

Date

Mth.

Year

I / We hereby certify that the above statements are true and correct to the best of my /

our knowledge and belief.

(Signature of applicant)

(Name in block letters)

(Designation of the signatory)

Place

Date

Date

Mth.

Year

Note :

Copies of the Indian Trade Classification (based on Harmonised Commodity Description and coding System), published by the Ministry of Commerce, Directorate General of Commercial Intelligence and Statistics, Calcutta, can be obtained on payment from the Controller of Publications, 1, Civil Lines, Delhi 110 054 or from any of the agents authorised to sell Government of India Publications.