INDIAN RAILWAY FINANCE CORPORATION LIMITED

authorising the investment and containing operating instructions; and (iii) specimen signatures of authorisedpersons. Failing this, our Company reserves the right to accept or reject any Applications for Allotment of theBonds in whole or in part, in either case, without assigning any reason thereof. Alternative Investment Fundsapplying for Allotment of the Bonds shall at all time comply with the conditions for categories as per their SEBIregistration certificate and the Securities and Exchange Board of India (Alternate Investment Funds)Regulations, 2012.Applications by Public Financial Institutions authorized to invest in the BondsApplications by Public Financial Institutions must be accompanied by certified true copies of (i) any Act/rulesunder which such Applicant is incorporated; (ii) a resolution of the board of directors of such Applicantauthorising investments; and (iii) specimen signature of authorized persons of such Applicant. Failing this, ourCompany reserves the right to accept or reject any Applications for Allotment of the Bonds in whole or in part,in either case, without assigning any reason therefor.Applications made by companies and bodies corporate registered under applicable laws in IndiaApplications made by companies and bodies corporate must be accompanied by certified true copies of: (i) anyAct/rules under which such Applicant is incorporated; (ii) a resolution of the board of directors of suchApplicant authorising investments; and (iii) specimen signature of authorized persons of such Applicant. Failingthis, our Company reserves the right to accept or reject any Applications for Allotment of the Bonds in whole orin part, in either case, without assigning any reason therefor.Applications under a power of attorneyIn case of Applications made pursuant to a power of attorney by Applicants from Category I and Category II, acertified copy of the power of attorney or the relevant resolution or authority, as the case may be, along with acertified copy of the memorandum of association and articles of association and/or bye laws must be lodgedalong with the Application Form. Failing this, our Company reserves the right to accept or reject anyApplication in whole or in part, in either case, without assigning any reason thereof.In case of Applications made pursuant to a power of attorney by Applicants from Category III and Category IV,a certified copy of the power of attorney must be lodged along with the Application Form.In case of ASBA Applications made pursuant to a power of attorney, a certified copy of the power of attorneymust be lodged along with the Application Form. Failing this, our Company, in consultation with the LeadManager, reserves the right to reject such Applications.Our Company, in its absolute discretion, reserves the right to relax the above condition of attaching thepower of attorney along with the Application Forms subject to such terms and conditions that ourCompany and the Lead Managers may deem fit.Applications by provident funds and pension funds which are authorized to invest in the BondsApplications by provident funds and pension funds which are authorised to invest in the Bonds, must beaccompanied by certified true copies of: (i) any Act/rules under which they are incorporated; (ii) a power ofattorney, if any, in favour of one or more trustees thereof, (iii) a board resolution authorising investments; (iii)such other documents evidencing registration thereof under applicable statutory/regulatory requirements; (iv)specimen signature of authorized person; (v) a certified copy of the registered instrument for creation of suchfund/trust; and (vi) any tax exemption certificate issued by Income Tax authorities. Failing this, our Companyreserves the right to accept or reject any Applications for Allotment of the Bonds in whole or in part, in eithercase, without assigning any reason therefor.Applications by National Investment FundsApplication made by a National Investment Fund must be accompanied by certified true copies of: (i) aresolution authorising investment and containing operating instructions; and (ii) specimen signatures ofauthorized persons. Failing this, our Company reserves the right to accept or reject any Applications forAllotment of the Bonds in whole or in part, in either case, without assigning any reason therefor.67