Annexure 5 Page 1 of 1

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Annexure 10/5

EEFC Account
FEMA Declaration

I. I/We hereby declare that any transaction to be undertaken by me/us in the EEFC A/C being opened by
me/us with the State Bank of India, does not /will not involve and is not/will not be designed for the purpose of
any contravention or evasion of the provisions of the Foreign Exchange Management Act, 1999 or of any rule,
regulation, notification, direction or order made thereunder, including any amendments made/to be made from
time to time;

II. I/We also hereby agree and undertake to give such information/documents, before the Bank undertakes
the transaction/(s) and as may be required from time to time as will reasonably satisfy the Bank about the
transaction/(s) in terms of the above declaration. I also understand that if I refuse to comply with any such
requirement or make unsatisfactory compliance therewith, the Bank shall refuse in writing to undertake the
transaction/(s) and shall, if it has reason to believe that any contravention/evasion is contemplated by me/us,
report the matter to the Reserve Bank of India;

III. I/We have gone through and understood the terms and conditions of EEFC Account and also the
regulations laid down by Reserve Bank of India under Foreign Exchange Management Act 1999 and the
notifications relating to EEFC A/Cs. I/We undertake to operate the Exchange Earners' Foreign Currency Account
in accordance with Exchange Control Regulations as laid down by Reserve Bank of India as well as terms and
conditions spelt out by SBI from time to time.

IV. I/We authorize you unconditionally to furnish details of all our accounts/deposits on any of the transactions
relating to the above noted EEFC Account to the Reserve Bank of India or any other Authorized Persons (AP)
dealing in foreign exchange or any authority/ person duly constituted for this purpose as the State Bank of India
may deem fit without obtaining oral or written prior consent from me/us;

V. I/We confirm that the information/declaration provided by me/us in this application is true and correct to the
best of my/our knowledge and belief and I/We shall be held responsible for the same at all times;

VI. In the event of any default or breach committed by me/us of any of the aforesaid provisions, guidelines,
rules, regulations, notifications, directions, orders or conditions or any law of the land, I/We shall indemnify the
Bank against any loss or damage that may be caused to it. The Bank may also adopt such action as it deems fit in
the event of such a happening.

Signature :
NAME : ( ) ( ) ( )
First Applicant Second Applicant Third Applicant

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