INDIAN RAILWAY FINANCE CORPORATION LIMITED

(ii) amount and date of receipt of remittance and its rupee equivalent; and(iii) names and addresses of Authorised Dealers through whom the remittance has been received;Please note that Application Amounts for the Bonds has to be paid in cheques or demand draftsonly, in Rupee denominated currency only; and(b) of closure of the Issue, full details of the monies received from NRI Applicants, namely:(i) a list containing names and addresses of each NRI allottee and number of Bonds issued to each ofthem on non-repatriation basis and repatriation basis, and(ii) a certificate from our Company Secretary/Compliance Officer that all provisions of the FEMA,and rules and regulations made thereunder in connection with the issue of the Bonds have beenduly complied with.We further confirm that the monies received from FIIs and Eligible NRIs who are Allotted Bonds pursuant tothe Issue, will not be utilised for any investment, whether by way of capital or otherwise, in any company orpartnership firm or proprietorship concern or any entity, whether incorporated or not, or for the purpose of relending.For further details, including details of utilization of funds, see the section titled “Objects of the Issue”on page 28.Applications by Mutual FundsA mutual fund scheme cannot invest more than 15.00% of its NAV in debt instruments issued by a singlecompany which are rated not below investment grade by a credit rating agency authorised to carry out suchactivity. Such investment limit may be extended to 20.00% of the NAV of the scheme with the prior approval ofthe board of trustees and the board of asset management company.A separate Application can be made in respect of each scheme of an Indian mutual fund registered with SEBIand such Applications shall not be treated as multiple Applications. Applications made by the AMCs orcustodians of a Mutual Fund shall clearly indicate the name of the concerned scheme for which the Applicationis being made. An Applications Forms by a mutual fund registered with SEBI for Allotment of the Bonds inphysical form must be also accompanied by certified true copies of (i) its SEBI registration certificates (ii) thetrust deed in respect of such mutual fund (iii) a resolution authorising investment and containing operatinginstructions and (iv) specimen signatures of authorized signatories. Failing this, our Company reserves the rightto accept or reject any Application from a Mutual Fund for Allotment of the Bonds in whole or in part, in eithercase, without assigning any reason therefor.Application by Scheduled Commercial BanksScheduled Commercial Banks can apply in this Issue based upon their own investment limits and approvals.Applications by them for Allotment of the Bonds must be accompanied by certified true copies of (i) a boardresolution authorising investments; (ii) a letter of authorization; (iii) charter documents; and (iv) PAN Card.Failing this, our Company reserves the right to accept or reject any Application for Allotment of the Bonds inwhole or in part, in either case, without assigning any reason thereof.Application by Insurance CompaniesIncase of Applications made by an Insurance Company, a certified copy of its certificate of registration issuedby IRDA must be lodged along with Application Form. The Applications must be accompanied by certifiedcopies of (i) its Memorandum and Articles of Association; (ii) a power of attorney (iii) a resolution authorisinginvestment and containing operating instructions; and (iv) specimen signatures of authorized signatories. Failingthis, our Company reserves the right to accept or reject any Application for Allotment of the Bonds in whole orin part, in either case, without assigning any reason thereof.Applications by Alternative Investments FundsApplications made by an Alternative Investments Fund eligible to invest in accordance with the Securities andExchange Board of India (Alternate Investment Funds) Regulations, 2012, must be accompanied by certifiedtrue copies of: (i) the SEBI registration certificate of such Alternative Investment Fund; (ii) a resolution66