Examples of Eligible NRIs in a sentence
Further, fluctuations in the exchange rates between the Indian rupee and other currencies could adversely affect the amounts realized by Eligible NRIs, FIIs and Eligible QFIs on redemption or payment of interest on the Bonds by us.
Various statutory and regulatory requirements and restrictions apply in connection with the Bonds held by Eligible NRIs, FIIs and Eligible QFIs (“Exchange Control Regulations”).
Amounts payable to Eligible NRIs, FIIs and Eligible QFIs holding the Bonds, on redemption of the Bonds and/or the interest paid/payable in connection with such Bonds or the amount payable on enforcement of security would accordingly be subject to prevailing Exchange Control Regulations in case of applicants who have invested on repatriation basis.
Any change in the Exchange Control Regulations may adversely affect the ability of such Eligible NRIs, FIIs and Eligible QFIs to convert such amounts into other currencies, in a timely manner or at all.
Eligible NRIs on a repatriation basis or on a non-repatriation basis, subject to applicable laws.
Applications by Eligible NRIs (applying either on a repatriation or a non-repatriation basis) should be accompanied by (i) a bank certificate confirming that the demand draft in lieu of the Application Money has been drawn on an NRE/ NRO/ FCNR/ NRNR/ NRSR account; and (ii) if such Eligible NRI is a Person of Indian Origin (“PIO”), a PIO card.
The prescribed color of the Application Form for various categories of Bidders/Applicants is as follows:CategoryColourResident Indians and Eligible NRIs applying on a non-repatriation basis (ASBA)WhiteNon-Residents and Eligible NRIs applying on a repatriation basis (ASBA)BlueAnchor Investors (where applicable)N.
Applications by Eligible NRIs (applying on a repatriation basis) should be accompanied by (i) a bank certificate confirming that the demand draft in lieu of the Application Money has been drawn on an NRE account; and (ii) if such Eligible NRI is a Person of Indian Origin (“PIO”), a PIO card.
In the case of Bids from Eligible NRIs and FIIs, refunds, if any, may generally be payable in Indian Rupees only and net of bank charges and/or commission.
We propose to issue Bonds to Eligible NRIs on a repatriable as well as non-repatriable basis.