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.
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 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.
We propose to issue Bonds to Eligible NRIs on a repatriable as well as non-repatriable basis.
Allotment of Bonds to Eligible NRIs shall be subject to the Application Amounts paid by the NRI as described below:1.
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.
However, there is a common Application Form for all Applicants except eligible FPIs/FIIs, eligible FPIs/FII/QFIs and Eligible NRIs for whom there will be separate Application Form.