Portfolio Investment Scheme (NRE)

Transcription

1 Account Opening Form For Non Resident Indians Portfolio Investment Scheme (NRE) Introduction ocuments When filling the form please ensure that you fill Form A-1 enclosed with this form to avail the nomination facility. While the nomination facility is optional, we recommend that you avail of it. A) andatory documents for all categories Photocopy of PAN Card Photocopy of the passport pages where your name, address, specimen-signature, photograph are recorded Copy of valid Visa / Work Permit / Residence Permit (the Visa could be either in the passport or issued separately) Proof of your mailing address. Please tick the documents submitted, from the table below Latest passport size photographs, duly affixed on the AOF and signed across Initial payment for each account or deposit selected on the account If you are a Person of Indian origin, please provide any of the following documents i. Person of Indian Origin (PIO) / Overseas Citizen of India (OCI) Card ii. Passport issued by a foreign country where nationality is mentioned as Indian, or Indian passport held by you at any point in time iii. Copy of the birth certificate or Indian passport held by parents or grandparents, along with proof of relationship iv. Copy of the Indian passport of spouse along with relationship proof Politically Exposed Persons are individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior government/judicial/military officers, senior executives of state-owned corporation, important political party officials, etc. In addition, a Politically Exposed Person includes the immediate family members of a Politically Exposed Person such as spouses, children, parents and other relatives. Politically Exposed Person includes even close associates like advisors, secretaries and other associates of a Politically Exposed Person who conduct transactions on behalf of a Politically Exposed Person. List of eligible documents for proof of communication address Copy of passport Copy of bank statement / passbook overseas or Indian (not more than 3 months old not downloaded from internet banking) if mailing address and statement of account provided is of India, the statement should be of an NRI account OR, the non resident status should appear / be certified by the bank on the statement of account. Copy of utility bill for electricity / gas / telephone / water / rent receipt (not more than 3 months old) Copy of driving license - for list of countries please refer to point B (i) Certificate from employer confirming the address (on organisation s letterhead - with stamp) Copy of credit card statement (not more than 3 months old) Certificate from Indian diplomatic mission containing the contact address Copy of Govt. I Card (SSN / Green Card / PIO Card / OCI Card) Copy of appointment letter from employer indicating the address (on organisation s letterhead - with stamp, not more than 1 year old) Letter from warden of university hostel containing the address (for on-campus lodging) Copy of ration card Copy of registered purchase / sale deed or agreement Overseas Indian B) If you have not met our Branch staff in person while submitting your forms & supporting documents, the following procedure needs to be followed: The photocopies of the (a) Passport, (b) Visa / Work Permit / Residence Permit and (c) ailing Address must be attested by: (I) An overseas banker - (applicable only in Argentina, Australia, Austria, Belgium, Brazil, Canada, China, enmark, Finland, France, Germany, Greece, Bahrain, Qatar, Kuwait, Oman, Saudi Arabia, UAE, Hong Kong, Iceland, Ireland, Italy, Japan, Luxembourg, exico, the Netherlands, New Zealand, Norway, Portugal, Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the UK and the United States of America) OR (ii) An overseas banker (other than in the countries listed above) - provided that, the account opening amount is through a cheque drawn on the same bank branch OR (iii) Any branch of an Indian bank abroad (in any country) OR (iv) Notary Public or equivalent authority OR (v) The Indian diplomatic mission in the country of residence OR If you are unable to get your documents attested as stated above, you will need to submit two self-attested proofs of your overseas address, among the list of eligible documents stated above. Instruction for filling Account Opening Form Please fill the form preferably in BLACK ink only Hint boxes give tips and highlight important points across the form A B C Please fill the form in CAPITAL LETTERS only Please tick the appropriate boxes Please write your NAE as it appears in all your support documents Specify the addresses along with City, State and PIN Code Please counter sign in full against any overwriting / alteration ALL PHOTOCOPIES of documents to be SELF-ATTESTE by the applicant Note: PIS Permission shall be granted only to the first Applicant.

2 Personal etails : Applicant 1 (* Fields are andatory) *Name: r. rs. s. r. Prof. Others Existing Customer I (If applicable): (First Name) (iddle Name) (Last Name) aximum 32 characters *Short Name: *ate of Birth: *Gender: ale Female Third Gender *Nationality: Indian *Residential Status: Non Resident Indian *Preferred *Passport etails: Passport No. Other (pl. specify) PIO (fill the declaration) *Telephone (with IS Code): *Preferred obile No.: (Country Code) (Area Code) (Number) (Country Code) *Valid Until: (Number) All communication regarding your accounts will be through your Preferred obile number and Preferred I *Visa etails: Type of Visa: *Valid Until: *PAN: *other s aiden Name: arital Status: Single arried *Overseas Address: City: Pin: State: Country: *India Address: City: Pin: Landmark: State: OR I do not have any permanent address in India. ailing Address: Overseas India (ou must tick mark one option, proof of your mailing address is required) *Are you a politically exposed person? Customer Profile es No Weather the applicant holds any Indian securities / convertible debentures in Indian companies acquired through stock exchange with benefits of repatriation. If yes, kindly fill in the Annexure I and IV (as applicable). Please refer to Page No. 1 under Introduction ocument *Education: Non Graduate Graduate Post Graduate Professionally Qualified Others *Occupation: Self Employed Salaried Housewife Retired Others Profession: Finance Art Legal Teaching Agriculture edicine Engineer anagement Architect Information Technology Others *Gross Annual Income (`): Less than 50K 50K - < 1.5 Lakhs 1.5 Lakhs - < 3 Lakhs 3 Lakhs - < 5 Lakhs 5 Lakhs - < 10 Lakhs 10 Lakhs - < 50 Lakhs 50 Lakhs and above Name of the Company: esignation: Signature ate: Please affix a recent photograph. Please affix a recent photograph Sign across the photo Please sign in Black Ink within the box. Signature shall be considered for any future communication with the Bank Name: 2

3 Joint Applicant (* Fields are andatory) (Guardian to fill a inor eclaration Form separately) *Name: r. rs. s. r. Prof. Others ## If applicable, please attach age proof * Fields are andatory Existing Customer I (If applicable): (First Name) (iddle Name) (Last Name) aximum 32 characters *Short Name: *ate of Birth: *Nationality: *Preferred *Passport etails: Passport No. *Valid Until: *Visa etails: Type of Visa: *Valid Until: *PAN: *Residential Status: Non Resident Indian Indian *other s aiden Name: Resident Indian Other (pl. specify) PIO (fill the declaration) *Gender: ale Female Third Gender *Telephone (with IS Code): *Preferred obile No.: (Country Code) (Area Code) (Number) (Country Code) (Number) arital Status: Single arried All communication regarding your accounts will be through your Preferred obile number and Preferred I PAN card is mandatory for opening PIS accounts *Overseas Address: City: Pin: State: Country: *India Address: City: Pin: Landmark: State: OR I do not have any permanent address in India. ailing Address: Overseas India (ou must tick mark one option, proof of your mailing address is required) *Are you a politically exposed person? es No Customer Profile Please refer to Page No. 1 under Introduction ocument *Education: Non Graduate Graduate Post Graduate Professionally Qualified Others *Occupation: Self Employed Salaried Housewife Retired Others Profession: Finance Art Legal Teaching Agriculture edicine Engineer anagement Architect Information Technology Others *Gross Annual Income (`): Less than 50K 50K - < 1.5 Lakhs 1.5 Lakhs - < 3 Lakhs 3 Lakhs - < 5 Lakhs 5 Lakhs - < 10 Lakhs 10 Lakhs - < 50 Lakhs 50 Lakhs and above Name of the Company: esignation: Signature ate: Please affix a recent photograph. Please affix a recent photograph Sign across the photo Please sign in Black Ink within the box. Signature shall be considered for any future communication with the Bank Name: 3

4 Account etails This section is mandatory Preferred City: Preferred Branch: Savings Accounts: CB NRE PIS Account (Classic) Please visit for complete list of our branches ode of Operation This section is mandatory Single Either or Survivor* Joint andate * If the joint applicant is a resident Indian then the CB NRE PIS Account will be opened on a Former / Survivor basis. Account Usage This section is mandatory Source of Funds for Credits in the Account: Savings Salary Business Proceeds Sale of Property Investments Inheritance Professional Fee Other (please specify) Foreign Inward Remittances in a year: Approximate Value ` Expected Annual Turnover in the account: Less than ` 1 lakh Upto ` 1 lakh Upto ` 10 lakhs Upto ` 50 lakhs Upto ` 1 crore Upto ` 5 crores Upto ` 10 crores Upto ` 25 crores ore than ` 25 crores Expected number of transactions in a month: Up to to 50 ore than 50 Access Channels Note: No Cheque Book / ebit / AT Card / Internet Banking shall be provided for Portfolio Investment Scheme Accounts Nomination etails (Form A 1) es, then kindly fill the Nomination Form This section is mandatory No, I do not want to nominate anyone on my behalf Preferable for Single & Joint Account holders 4

5 Annexure - I (REPATRIABLE BASIS NRE SHARES) Customer Name: RBI Approval Number: Name of the PIS Branch: FOR SHARES ACQUIRE THROUGH PRIAR ARKET ON REPATRIABLE BASIS (NRE SHARES) INCLUING COROPRATE ACTION EFFECTS Sr. No. Name of Company / Security ate of Acquisition (//) Number Shares / Quantity Acquisition Price (per share) Face Value (per share) Total Acquisition Cost / Amount ode of Acquisition: Gift / Inheritance / IPO / FPO / Conversion of AR / GR / FI Scheme / Purchased from other NRI's / Private arrangement from RI / NRI / Corporate action NOTES: Where the Shares are acquired other than by way of Purchase: 1 ocuments Required : In case of emerger, Letter of Allotment for shares. Other ocuments on "Cost" working intimated by the company If Letter of Allotment is not available, please furnish updated copy of emat Account.. 2 ode of Acquisition : In case of shares acquired by way of Gift or Inheritance. ocuments Required : ocuments stated ABOVE, held by the onor / eceased & Gift eed or Will or Court order. I /We accept that the above holding is inclusive of the corporate action effects Stamp of Branch Name of First Holder Signature Name of Second Holder Signature Name of Third Holder Signature Note : Annexure - II and III are part of NRO Account Opening Form

6 Annexure - IV (Transfer of NRE Shares) Customer Name: RBI Approval Number: Name of the PIS Branch: Customer has transferred its PIS Account from other Bank (Primary & Secondary arket Investment) INCLUING CORPORATE ACTION EFFECTS Sr. No. Name of Company / Security Transaction from Primary arket or Secondary arket Transaction ate of Purchase (ate / onth / ear) Number of Shares (Quantity in Figures) Acquisition Price (Per Share) (`) Amount (`) Whether Reported to RBI es / No NOTES: Along with the eclaration of Holdings Customer should furnish following ocuments : 1 Approved NOC From Previous PIS Bank. 2 Copy of PIS Permission Letter from PIS Bank. 3 Closing Holdings Statement. 4 Copy of updated emat Statement. I /We accept that the above holding is inclusive of the corporate action effects. Stamp of Branch Name of First Holder Signature Name of Second Holder Signature Name of Third Holder Signature

7 eclaration cum Undertaking Application for permission to deal in securities in secondary market under PIS (NRE) To, The anager, NRI services, PIS services CB Bank Limited Branch ear Sir / adam, Ref: Application for permission to deal in securities in secondary market under PIS (NRE) I/We hereby appoint CB Bank Limited (Formerly evelopment Credit Bank Limited) as a esignated Bank, (hereinafter referred to as the Bank ) for the purpose of routing my/our transactions relating to purchase and sale of securities under Portfolio Investment Scheme (PIS). I/We have read and understood the terms and conditions as specified under Portfolio Investment Scheme and hereby declare that I/we agree to comply with all statutory / regulatory requirements under the PIS from time to time. I/We do hereby solemnly declare and undertake as under: 1. I am/we are Non Resident Indian(s)/Person(s) of Indian Origin and not residents of any Jurisdiction where opening or maintaining of the Account is prohibited by the law and Regulatory requirement of such Jurisdiction and/or the applicable laws in India. 2. I/We agree to abide by the provisions of the NRE/NRO Accounts scheme and the Portfolio Investment Scheme as laid down by the Reserve Bank of India (RBI) and as per the relevant Acts and the Regulations as amended from time to time. I/We understand that the above account will be open on the basis of statement / declaration made by me/us and also that if any of the statements/declarations made herein are found to be incorrect, Bank is not bound to pay any interest on the deposits made by me/us and may also recover any interest credited earlier to the said account/s. 3. I/We hereby state that I/We shall not maintain any other PIS account (NRE/NRO) with any other bank/branch of our Bank. I/We understand that PIS accounts are permitted with any one designated bank branch in India, at any given point of time and that both NRE and NRO PIS accounts and PIS PERISSION will be held with only one bank at any given point of time. I /We have no dealing/will not deal with any other designated bank/branch under PIS Scheme. 4. I/We understand that I/We have to maintain a separate Savings PIS Account (NRE/NRO) for purpose of investments in secondary markets on repatriation and non-repatriation basis respectively. 5. I/ We understand that the onus of giving contract notes to Bank is on me/us. 6. I/We understand that no AT-cum-ebit card, Cheque Book shall be issued with PIS Savings Bank (SB) Accounts & no third party transactions will be made by me/us. 7. I/We hereby undertake to intimate you about my/our return to India for permanent residence immediately on arrival. 8. I/We hereby state that this account is solely for the purpose of my investments in the secondary markets and that no other transactions of any other nature will be routed through these accounts. I/We understand that all the funds transferred to this account shall be blocked and can be used only for the trading purpose. Such transferred amount shall continue to bear the interest prevalent for the savings bank account. 9. To report to the Bank all transactions done directly through stockbrokers within 48 hrs after trade, by submitting original broker contract notes to PIS designated branch only where PIS account is maintained. etails like PIS Permission number, PIS account, purchase payments (cheque no., date of cheque, gross amount of purchase) will be mentioned on purchase contract note. PIS permission number should be mentioned on sale contract note. 10. As an NRI/PIO, under PIS facility I/We will not invest in any Indian company which is engaged or proposes to engage in the activities such as business of chit fund, Nidhi company, Agricultural or plantation activities, Real estate business (does not include development of townships, construction of residential/commercial premises, roads or bridges, educational institutions, recreational facilities, city and regional level infrastructure, townships), construction of farm houses, manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes and trading in Transferable evelopment Rights (TRs). 11. In case I/We wish to avail ouble Taxation Avoidance Agreement (TAA) benefit; I/we will submit the required documents in the beginning of every financial year. 12. Any changes such as a change in the name/address/ I/telephone numbers /contact person etc., in any of my/our Accounts, shall be intimated to the Bank immediately. 13. To submit the complete details of all securities held by me/us which were purchased from primary market as a non-resident or from the primary market / secondary market prior to becoming a non-resident in the format as specified by Bank. 14. I/We authorize the Bank to debit all types of bank charges/commission/fees payable by me/us specifically to my/our normal Savings Bank Accounts (NRE/NRO) (that can be maintained by me at any branch of Bank) that are linked to the respective PIS Accounts (NRE/NRO). I/We undertake that adequate balance shall be maintained by me/us in the respective Savings Bank Accounts to facilitate the debiting of interest and service charges. The failure on my/our part to maintain sufficient balances in the accounts shall not in any way impair the right of the Bank to claim/recover the entire amount due, including interest and services charges in full, by any means in whatsoever manner, including by debit to any other accounts maintained by me/us with Bank. The NRE / NRO PIS account will not be used for any other transactions other than transactions related to purchase and sale of securities in secondary market as specified by law. All routine transactions, demat charges, dividend, warrants etc. will be routed through the normal NRE/NRO savings account held with Bank. 15. I/We understand that Funds Transfer from normal SB NRE Accounts to PIS SB NRE Accounts and vice versa is only allowed. Similarly, Funds Transfer from normal SB NRO Accounts to PIS SB NRO Accounts and vice versa is allowed and from normal SB NRE Accounts to normal SB NRO Accounts is only allowed. 16. I/We undertake to provide all the necessary documents/clarifications whenever required by the Bank. I/We understand that the PIS Account will be used only for bonafide transactions relating to PIS that does not involve any violations of the provisions of any Government/Exchange Control Regulations and I/We shall be solely liable for any action initiated by any of the regulatory authorities concerned. 17. To send details to the Bank of all payments made to the stock broker on account of purchase of securities purchased in the format prescribed by the Bank from time to time. 18. To send all payment instruments (cheque/ etc.) received from a stockbroker on account of sale of securities for crediting in appropriate account along with the complete details and the bills at PIS designated branch where PIS account is maintained. 19. In case I/we sell shares some of which belong to PIS and others to Non PIS account, all the sale proceeds after the deductions of TS will be credited to the PIS account. Name of First Applicant Signature Name of Second Applicant Signature Name of Third Applicant Signature

8 20. I/We also state that I/We am/are solely liable for any non-compliance of the Securities and Exchange Board of India (SEBI) / RBI Regulations as well as FEA Regulations or any other relevant directives/guidelines that may be in force on account of my/our PIS accounts. 21. I/We agree and confirm to bear any losses or claims that may arise directly/indirectly on account of the Bank acting on any instructions received by it by fax or any electronic media given by me/us or on my/our behalf and agree to keep the Bank indemnified from any such losses and/or claims. 22. While opening PIS Account with Bank, I/we would ensure that all my/our shares would be held in dematerialized form and no shares would be held in physical form. I/We would also ensure that inter-emat transfers would not be carried out by me/us under the PIS scheme within my/our other emat accounts (PIS/Non- PIS) or to any third party through elivery Instruction Slip (IS) or otherwise. 23. I/We agree that if PIS account is transferred from any other bank to CB Bank Limited, then I/We shall furnish a 'No Objection Certificate' from my/our present banker along with relevant Annexure as specified by the Bank with a latest copy of the emat statement of securities. 24. y/our accounts shall be opened and I/we shall start trading on Recognized Stock Exchange only after closure of the existing PIS account with the previous bank and on receipt of intimation from CB Bank Limited. 25. I/We agree to take delivery of securities purchased and make delivery of securities sold. I/We shall not transfer securities etc. held to my/our name by way of gift (except to my/our relatives as defined by section 6 of the companies Act 1956 or to the charitable trust duly registered under the laws in India) with prior approval of the Bank or sale under private arrangement without prior approval of Reserve Bank of India. I/We shall only do delivery based transactions. 26. Payment of securities / receipts from the broker on account of sale of securities will be made against the amount specified on the contract note/bill and no adjustment of purchase against sale will be done even if various sale and purchase transactions are done during the same period. 27. I/We agree that share etc. acquired under PIS will not be pledged for giving loan to a third party without obtaining prior permission from Reserve Bank of India. 28. I/We shall not undertake following transactions, either intentional or otherwise a) Non delivery based transactions b) Intra-day purchase & sale or vice versa c) Speculative transactions d) Short-selling transactions e) Same day square-off f) Auction transactions (purchase/sale auctions) g) Off-market transfers 29. I/We hereby indemnify and hold the Bank harmless from any and all claims and state that the Bank shall not be liable for any loss actual or perceived caused directly or indirectly by equipment failure, communication line failure, system failure, internet failure, securities failure or internet unauthorized access or any other problem technical or otherwise that might prevent the client from entering or the Bank from executing an order or other conditions beyond Bank's control. 30. I/We shall not purchase Banned/Cautioned scrips that are prohibited by RBI. In case of default, I/We shall arrange to sell the same immediately and losses and applicable charges, if any, on account of such transactions will be borne by me/us and I/we shall be responsible for legal consequences, if any. Further, the First in First out (FIFO) method of Capital Gain computation shall be effected and accordingly Tax shall be deducted at source & TS will not be on exchange rate adjustment. 31. To ensure before placing / conveying SALE orders that they actually hold free securities (securities pending for demat or locked/pledge are not free securities). 32. The Bank shall have a lien and right of set off on my/our PIS account for any amounts due by me/us to the Bank. 33. In case of delay, default, non-compliance, non-provision of details from me/us/ Broker within prescribed time, I/we shall be solely responsible for the following consequences:- a. FIFO method of Capital Gains computation (period of holding) for such transactions and subsequent transactions shall be impacted. b. Tax may be deducted on gross sale proceeds at the maximum marginal rate. c. Any delayed credit to my respective accounts. Further, the sale proceeds shall be kept on hold by the Bank till I/we submit required details to the Bank. d. Additional fee/charges, if any, charged by the Bank without holding the Bank responsible for the same. e. Incorrect reporting to RBI and non-compliance with respect to other Legal entities like Company Law, FEA, Income Tax. f. Any legal consequences, be it tax-related, interest, penalty, prosecution or otherwise. 34. In case I/we wish to acquire Cautioned scrips as per the relevant statute, I/we would take specific permission from RBI for the same. 35. I/We understand that the purchase of equity shares/convertible debentures in each company with repatriation and non-repatriation benefits shall not exceed 5% (or as prescribed by Reserve bank of India from time to time) of the paid up capital of the company/total paid up value of the convertible debentures, subject to an overall ceiling of 10% (or as prescribed by Reserve Bank of India from time to time). All consequences of failure in such compliance, including any losses arising out of reversal of transactions shall be to my/our account. 36. Not to hold the Bank liable for any loss suffered on account of purchase/ sale of securities through my/our PIS account or otherwise. 37. I/We shall ensure that sufficient balances to cover full purchase consideration of securities are maintained in the PIS Accounts while placing purchase requests with my/our broker. 38. I/We authorise the Bank to debit my/our PIS Account for equivalent value of contract note for purchase transactions received from SEBI registered stock broker. I/We understand that debits to the PIS Accounts on account of payment to the brokers shall be made only on receipt of contract note in respect of the purchase. 39. I/We also state that I/We shall not involve or hold the Bank responsible for any dispute between me/us and my/our Broker. 40. I/We shall intimate the Bank about any change in the status of security holdings on account of Corporate Actions or otherwise (IPO/FPO, Rights, Buy Back, ESOP, Inheritance, Gift, etc.,) to facilitate proper reporting under NRE PIS to RBI and Capital Gain computations as per the Income Tax Act, I/We shall advise the bank of the status of the shares purchased/sold with regard to repatriation or otherwise to facilitate proper reporting under NRE/NRO PIS to the RBI. 42. I/We acknowledge and give consent to the Bank to obtain/disclose/share any all information pertaining to me/us from/with any bank/financial institutions/credit bureaus/third parties for any purpose whatsoever. I/We further agree and grant consent to the Bank and or its affiliates/contractors/service providers to hold / process my/our personal information including my/our account(s) on computer or otherwise for analysis, credit scoring and marketing. For any such information obtained/disclosed, l/we agree and confirm that l/we will not hold the Bank responsible for the use/disclosure of such information. 43. I /We shall not hold the Bank responsible for any follow up for delivery of shares purchased neither the Bank will be held responsible to monitor the credit of shares due to corporate actions or otherwise. Name of First Applicant Signature Name of Second Applicant Signature Name of Third Applicant Signature

9 44. I/We shall report all secondary market transactions done through SEBI registered Stock Broker on recognized stock exchange. 45. I/We hereby state that I/we shall not hold the Bank responsible for any loss on account of non-reporting of the purchase of shares (Rights/IPO/Secondary markets, etc.) before their sale. I/We agree that in case of late reporting by me, the date of reporting/date of dematerialization (whichever is later) be considered as the date of acquisition for the calculation of Capital Gains Tax. 46. I/We understand that no net credits/debits for the day's transactions shall be permitted i.e. gross settlement shall be done. All individual transactions in the PIS accounts shall be reflected at their full value. 47. I/We authorize the Bank to calculate the tax on First-in-First-Out (FIFO) basis and deduct tax at source wherever applicable, at the rates notified by the government from time to time. For the purpose of deduction of tax at source, losses arising through same securities on same day will only be set-off against gains from those securities. 48. I/We hereby declare that only permissible credits and debits, as mandate by relevant RBI guidelines and FEA regulations, as amended from time to time, will be routed through my/our NRO account with Bank. 49. I/We understand that Bank can outsource the tax calculation and related activities (viz. calculation of capital gains tax, issue of CA Certificate, compiling data for RBI reporting, etc.) to a Chartered Accountancy firm specialised in PIS Services who may have access to my/our account/transaction details. I/We would not have any objection in the said agency knowing/referring my/our account details and would not hold Bank/Chartered Accountancy firm liable in any manner in this regard. I/we understand that if I/we want to submit the CA certificate so that tax is not deducted as directed by the bank, I/we have to submit the same on T+1 basis only. 50. I/We agree to adhere to the RBI guidelines and restrictions on purchase of shares (Banned / Caution) and shall refer the FII list on the RBI website as well the press releases which are on the caution / banned list, before dealing on recognised stock exchange (check site or any other website notified in future. 51. I/We understand that if I/we am/are unable to provide the proof of scrips held by me/us in my/our NRE PIS Accounts, then tax will be deducted on sale proceeds and funds will be credited in NRE Savings Account. 52. I/We understand that the Bank may at its absolute discretion, discontinue any of the services completely or partially without any notice to me/us. 53. I/We specifically agree and confirm that any matter or issue arising hereunder shall be governed by and construed exclusively in accordance with the Indian laws and shall be subject to the jurisdiction of the Courts of umbai in India. 54. I/We shall indemnify and hold the Bank harmless against any direct losses, costs or claims which Bank might incur/suffer as a result under PIS. 55. The Bank will set off the losses against gains only on transactions traded during the day on a daily basis against same securities. Set off is not permissible amongst different types of securities. Any unadjusted losses will not be carried forwarded the next day however; the short term losses can be set off against short term gains. The long term losses can be set off only against long term gains. The long term gains on equity transactions are exempt. 56. Bank does not allow the benefit of indexation to the customers on long term capital gain on any category of security / shares / funds. 57. Cost for bonus shares shall be nil. The cost for original shares cannot be taken into consideration while selling bonus shares. 58. I/We do hereby declare that the information furnished in this form is true to the best of my/our knowledge and belief. 59. I/We hereby confirm that I/We have read and understood the above declaration-cum undertaking pertaining to the PIS account mentioned in this form and signed as a token of my/our agreeing to comply with them. ours sincerely, Name of First Applicant Signature Name of Second Applicant Signature Name of Third Applicant Signature

10 irect ebit Facility To, The anager, CB Bank Limited ear Sir/ adam, With reference to my/our NRE PIS ACCOUNT No. at your branch, I/We having registered with the following Stock Brokers with whom I /we deal for PIS Transactions. Stock Broker Information: epository Participant information: Name of the epository Participant: P I: Client Id NRE: P Address: Telephone No.: Id: 1. I/We hereby authorise you to honour all claims in the form of contract notes for purchases received from my Stock Broker /s having SEBI Registration no. and its registered office at, who have been authorised by me/us to execute the sale and purchase transactions of shares on my/our behalf. 2. I/We hereby authorise you to debit my NRE PIS Account No. to the equivalent value of the purchase contract received from the aforesaid Stock Broker and issue a banker 's cheque favoring my above mentioned Stock Broker / transfer to the above mentioned Stock Broker s account for the purchase value as and when such purchase contract are presented by the above Stock Broker to you. 3. I/We further authorise you to accept and credit to my/our account cheques / transfer received from the said Stock Broker representing sale proceeds of shares sold on my/our behalf. 4. I/ We hereby authorise you to disclose or share the outstanding balance in my above account to my above mentioned Stock Broker whenever required by them. 5. I/ We hereby authorise you to debit my/our Savings Bank NRE Account no. and transfer the funds to my/our above NRE PIS Account as and when funds are required on account of purchase of shares through the secondary market and for recovery of your charges on account of my/our PIS Accounts. 6. I/We hereby solemnly declare that I/We, our legal heirs, executors agree to indemnify and keep you indemnified against any loss damage, costs charges (including reasonable legal fees) that may be suffered by you and against any claims, suits, proceedings or actions that may be initiated against you as a result of your acting on this mandate. 7. I/We further confirm that I/We shall not raise any objection or a claim against you for acting on such instructions and in debiting and crediting my/our account. 8. I/We confirm that I/ We shall ratify all the credits and debits which you may carry out based on the instructions of this mandate and it shall be deemed as if the said transactions have been earned out by me/us. 9. I/We confirm that this andate shall remain binding and irrevocable till such time this andate is revoked in writing by me/us. I/ We confirm that notwithstanding the revocation, Bank shall continue to be indemnified for all the actions done prior to the said revocation. Name of First Applicant Signature Name of Second Applicant Signature Name of Third Applicant Signature

11 RPI (To be submitted to designated branch of an Authorised ealer) Application from non-resident Individuals of Indian nationality or origin (NRIs) for purchase of eligible through stock exchange/s in India with repatriation benefits 1. Particulars of the NRI First Holder Second Holder Third Holder i) Full Name ii) Overseas address* iii) iv) Nationality etails of current passport (a) Passport number (b) Place & date of issue (c) Issued by (d) Country of residence as stated in the passport (e) Country of birth v) If the applicant is not a citizen of India, the basis on which he/she claims to be a person of Indian Origin (Please see footnote) vi) vii) viii) Whether resident outside India permanently; if not, since when residing abroad Occupation (employment business, vocation etc.) Relationship with other joint holders 2. Source of funds from which payment for shares / debentures to be purchased will be made: (i) (ii) By remittances from abroad From non-resident bank account in India (a) Nature of account viz. NRE / FCNR account (b) Account number (c) Address of the bank branch maintaining the account. 3. Whether the NRI applicant already holds any eligible securities acquired through stock exchange with benefit of repatriation / without benefit of repatriation. If so, please attach a complete list of such shares / convertible debentures indicating the name and address of the company, total number and face value of the shares / convertible debentures held alongwith reference number and date of RBI approval. (i) I/we solemnly declare that the particulars given above are true and correct to the best of my/our knowledge and belief and that I/we am/are citizen/s of India / person/s of Indian origin. (ii) I/we hereby undertake that I/we have no dealing/will not deal with any other designated branch/bank under PIS. (iii) I/we agree and undertake to ensure that my/our total holding of equity/preference shares/convertible debentures in any one Indian company that may be allowed to be purchased through stock exchange/s (including the equity/preference shares/convertible debentures already held, if any, in that company) with repatriation benefits shall at no time, exceed five per cent of the paid-up capital/paid up value of each series of convertible debentures of that company. Place: ate: Signature of First Applicant Signature of Second The eligible securities will include shares / convertible debentures of Indian companies. *Local address may be given if the second, third holder is resident in India. Note: For the purpose of the facility of investment in shares and securities, a person (not being a citizen of Pakistan or Bangladesh) shall be deemed to be of Indian origin if (a) he, at any time, held Indian passport, or (b) he or either of his parents or any of his grandparents was an Indian and a permanent resident in undivided India at any time. A spouse (not being a citizen of Pakistan or Bangladesh) of a citizen of India or of a person of India origin will so be deemed to be of Indian origin even though she may be of non-indian origin.

12 Nomination Form (A 1) Nomination under Section 45 ZA of the Banking Regulation Act, 1949 and Rule 2(1) of the Banking Companies (Nomination) Rules in respect of bank deposits. I/We Address Nominate the following person to whom in the event of my/our/minors death, the amount held in NRE PIS having account number as may be returned by CB Bank Limited (Formerly evelopment Credit Bank Limited) branch. Nominee Name: Address: Relationship with Applicant, if any Age: ears ate of Birth: * As the nominee is a minor on this date, I / we appoint (Name & Address) to receive the amount in the account on behalf of the nominee in the event of my / our / minor s death during the minority of the nominee. I / We do hereby declare that what is stated above is true to the best of my / our knowledge and belief. **Signature(s) / Thumb Impression of the Nominee Witness(es): Name : Signature(s) / Thumb Impression(s) of the Account Holder(s) Name : Thumb impression of account holder or nominee is required to be attested by 2 witnesses. In case of signature, no witness is required. Signature : Address : Signature : Address : Place : ate: Place : ate: Signature : Signature : * Strike out if nominee is not a minor. ** Where deposit is made / account is held in the name of the minor the nomination should be signed by a person lawfully entitled to act on behalf of the minor.

13 eclaration for a Non-English Language ocument ate: The anager, Name of the team CB Bank Limited Branch ear Sir / adam I / We request you to kindly open an NRE PIS a/c in my / our name on the basis of the documents submitted as a proof of my / our NRI Status (other than my / our passport). The details as per the documents are: ocument Name and number Issued By Issues At (Place) Issued On Valid Till Address in English: I / We also confirm that I / We will inform CB Bank in case my / our residential status changes from a Non-Resident Indian to a Resident Indian immediately and comply with the change in banking accounts as prescribed by Reserve Bank of India from time to time. I / We hereby confirm the validity of the above document given that the same is/are in a Non-English language. ours Sincerely, Signature of First Applicant Signature of Second Applicant Signature of Third Applicant

14 Person of Indian Origin (PIO) eclaration To, The anager CB Bank Limited Branch Person of Indian Origin (PIO) eclaration (Not to be used by citizens of Bangladesh or Pakistan) ear Sir / adam, I (Name) hereby declare that I am a Person of Indian Origin (PIO) because I satisfy one of the following conditions: (Please select from the below) a. I held an Indian Passport earlier b. y father/mother /grandfather/grandmother (Name) is / was a citizen of India. c. I am a spouse of (Name) who is an Indian Citizen d. I am a spouse of (Name) person referred to in point (a) or (b). I hereby submit the following documents in support of my declaration I hereby declare that I do not possess any document in support of my declaration. I confirm the above information is true and correct and that I may be required to prove my status as a PIO if I'm questioned by any authority. Signature of eclarant: Place: ate:

15 Power of Attorney Letter (Optional) To, The anager, CB Bank Limited, Branch address ear Sir/adam, Ref: NRE a/c number of The undersigned being NRE PIS Account holder in your esteemed Bank, having NRE (PIS) Account no., have authorised r./rs. to operate my/our above mentioned account and for that purpose I/we have executed Power of Attorney dated. Kindly allow the said constituted attorney r./rs. to operate my/our NRE(PIS) Account number in my/our names on my/our behalf. In case of revocation of POA by me/us, I/we shall inform the Bank immediately. Till that time, the Bank can continue to act as per Power of Attorney and the instructions of the aforementioned Power of Attorney Holder. Thanking you, ours faithfully, Signature of the first account holder Signature of the second account holder Encl: Original Power of Attorney etails of POA Holder: Name: Address: Nature of business/occupation: Whether related to account holder: Whether you are a POA holder in any other NRE Account in our Bank. If yes, please give details of account number, name etc. etails of accounts maintained by the POA holder with our Bank Place: ate: Signature of POA Holder: Photograph:

16 Power of Attorney (Optional) Know all men by these presents that I/we (name in full, designation and address, registered address in case of companies) do hereby send greetings: Whereas I/We hereby constitute and appoint name, address hereinafter referred to as The Attorney which expression shall include his/her heirs/executors/legal representatives to be my /our true and lawful attorney for me/us and in my /our name and on my/our behalf to do and execute all or any of the following acts, deeds and things that is to say: 1. To negotiate, sell, endorse, transfer and assign all government securities, shares, mutual funds, debentures, units of Unit Trust of India and other securities, which do now or shall hereafter stand in my / our name(s) or to which I am / we are now or may at any time hereafter be entitled on such terms and on such price as the Attorney considers best price under the circumstances and to execute all deeds, instruments, agreements, papers necessary or proper for effecting the sale of the said shares stocks, funds, debentures, securities and units. 2. To tender, contract for purchase, acquire, accept and sign the transfer deeds and other applications and necessary papers for the purpose of purchasing government securities, shares, debentures and securities of any description whatever and units of Unit Trust of India, in my / our name on such terms and at such price as the Attorney considers best price under the circumstances. 3. To apply for and accept allotments of shares debentures and additional shares in any such company or corporation as aforesaid and to receive, retain and hold shares including bonus shares. 4. Subject to Exchange Control Regulations in India, to demand and receive all interests, bonuses and dividends due or to accrue due on all or any such securities, shares, stocks, debentures, units or funds as aforesaid and give good and effectual receipts and discharges and sign and endorse warrants in respect thereof. 5. To sign application forms, contracts, agreements, transfers, acceptances, receipts, acquaintances, dividend mandates or other documents. 6. To open, operate and close accounts with CB Bank Limited and to sign draw, make, accept, endorse, execute and negotiate all negotiable and other instruments for and on my / our behalf. 7. To give instructions in writing involving debits to the Bank accounts and transfers therefrom. 8. To avail all the facility provided by the CB Bank Limited which the accountholder has. 9. To exercise all the powers in respect of the bank account as could be authorised by me/us. 10. To make necessary applications on my / our behalf to any authorities in India, particularly to Central Governments and / or the Reserve Bank of India in connection with my / our purchase, transfer / Holding and continuing to hold shares / debentures / securities / units and to represent me / us in all respect before such authority or authorities and establish without encumbrance the ownership of the said shares, securities, debentures or units in my / our name. 11. To pay all the charges, expenses, brokerage stamp duty remuneration commission, exchange or fees that may arise from time to time become payable by me / us to the CB Bank Limited to the debit of my / our account. The Attorney while acting under this power of attorney ensure that the Attorney acts in accordance with the instructions and directions that may be issued from time to time by Reserve Bank of India or any other body. And I / We hereby ratify and confirm all acts that may be done by the Attorney and declare that this presents shall at all times be conclusively binding in favour of third parties who have not received prior notice. In Witness whereof I/We have set my/our hand and seal at this day of in the year Witness Signature Named Signed and delivered by the within 1. (first applicant) 2. (second applicant) Accepted by me Before me (Notary)

17 Schedule of Charges for Portfolio Investment Scheme Sr. No. Particulars Charges (INR) 1 PIS approval issuance fee (one time fee) ` Annual account maintenance fee ` PIS reporting charges: Purchase Sale Purchase / Sale on same contract note ` 100 per contract note ` 120 per contract note ` 200 per contract note 4 Processing of sale proceeds purchased through secondary market under PIS - Transaction fees (cumulative sales transactions per day) Transaction value upto ` ` 100 Transaction value between ` to ` ` 200 Transaction value above ` ` Processing of sale proceeds purchased through Primary arket as a resident / nonresident / ` 500 Per Trade date inherited (by a customer registered / not registered for PIS) Terms & conditions: 1. Account maintenance fees are non -refundable and are levied on a financial year basis. 2. Fees issuing approvals and annual account maintenance fees will be debited annually, while the fees for processing the sale proceeds will be debited each time the transaction is processed. 3. All applicable taxes will be levied on the above fees/charges 4. The above charges are independent of demat account charges, trading/transaction taxes, fees and /or charges. 5. Charges/service standards are subject to revision at the Bank s sole discretion. 6. All fees will be debited to the designated Normal Savings Account. I/We have accepted the above schedule of charges and terms & conditions. Name of First Applicant Signature Name of Second Applicant Signature Name of Third Applicant Signature

18 Self-eclaration - ouble Tax Avoidance Agreement (TAA) Customer Id: ate: To, CB Bank Limited ( CB Bank ) India ear Sir / adam, I, <insert full name and address> having understood the provisions of the Indian Income-tax Act, 1961, in particular those related to tax residence and the scope of income taxation, declare and confirm that: I am / will be a non-resident within the meaning of the Indian Income-tax Act, I am a tax resident of the (name of the TAA Country) within the meaning of the Agreement for Avoidance of ouble Taxation between India and the (name of the TAA Country) ( the tax treaty for short) and therefore, entitled to the benefits of the tax treaty. y PAN (Permanent Account Number) is. In case I do not provide my PAN details, I shall not be given the TAA benefit. I undertake to keep the Bank informed of any change in my residency. I also understand that on any change in my country of residency, I will be required to submit revised documentation for benefiting from lower deduction of taxes under TAA for the country I will be now residing in. Until such time, the Bank will withhold taxes at the rate specified under the Indian Income Tax Act, I currently hold Passport No. and Visa No. issued by the Government of, copies of which are attached herewith. I am the beneficial owner of the funds from which investment in Portfolio Investment Scheme (PIS) will be made and Article (relevant article dealing with investment) of the tax treaty will govern the Indian income tax liability on such investment. I shall provide Tax Residency Certificate and Form No. 10F (if applicable) as prescribed under the Indian Income Tax provisions. I acknowledge that TAA benefit would be effective subject to the Tax Residency Certificate. I undertake to promptly inform the Bank in writing should there be any change in the facts given above. I also undertake that the benefit of TAA is applicable for the current financial year and for the period commencing 1st April of the next financial year I will submit fresh set of similar documents to avail the benefit. I undertake to indemnify the Bank for any tax loss (including but not limited to tax, interest and penalty) suffered by the Bank as a result of either relying on this declaration or my delay/default in confirming the change, if any, in the facts mentioned above. This obligation shall survive indefinitely. I undertake to indemnify the Bank for any tax demand (including but not limited to tax, interest and penalty) suffered by the Bank as a result of either relying on this declaration or my delay/default in confirming the change, if any, in the facts mentioned above. I also authorise CB Bank to recover the said demand from any of my bank accounts / fixed deposit placed with the Bank. I shall provide CB Bank with all information/documents that may be necessary for any proceedings before Income-tax / Appellate Authorities in India. I confirm that, I have read and understood the applicable terms and conditions of this product/service and the relevant provisions of the ouble Taxation Avoidance Agreement between India and (country of residence) and the relevant provisions of the Income Tax Act, 1961 which can also be referred on the website I hereby declare that the contents above are correct, complete and truly stated. ours faithfully Signature Name: Address: ate: Place: