Bank of baroda

Notwithstanding anything stated above, since the allotment in the Issue will be made only in dematerialised mode,
there is no need to make a separate nomination with the Bank. Nominations registered with the respective depository
participant of the applicant would prevail. If the investors require to change the nomination, they are requested to
inform their respective depository participant.
Minimum Subscription
If we do not receive the minimum subscription of 90% of the Issue to the public to the extent of the amount payable on
application, including devolvement on Underwriters, if any, within 60 days from the Bid Closing Date, we shall forthwith
refund the entire subscription amount received. If there is a delay beyond eight days after we become liable to pay the
amount (i.e. 60 days from the Bid Closing Date), we shall pay interest prescribed under Section 73 of the Companies Act.
Jurisdiction
Exclusive jurisdiction for the purpose of this Issue is with competent courts/authorities in Vadodara, India.
Subscription by Eligible Non-Residents
There is no reservation for any Non-Residents including NRIs, FIIs, foreign venture capital investors registered with SEBI
and multilateral and bilateral development financial institutions and such NRIs, FIIs, foreign venture capital investors
registered with SEBI and multilateral and bilateral development financial institutions will be treated on the same basis
with other categories for the purpose of allocation.
The shareholding of Non-Residents in the Bank cannot exceed 20% of the paid up capital of the bank in terms of Section
3 of the Bank Acquisition Act. For public sector banks RBI monitors the ceilings on FII/NRI/PIO investments on a daily
basis. For effective monitoring RBI has fixed cut off points lower than the actual ceilings which is 18% for public sector
banks. Once the aggregate net purchase of equity shares reaches the cut off points further acquisition of equity shares by
FIIs/NRIs/PIOs require approval of the RBI. In addition, the provisions of the SEBI Takeover Regulations apply and must
be complied with. Further Bank Regulations also regulates the manner of transfer of shares consolidation and sub-
division of the shares of the Bank. For further details, please refer to the section on “Main Provisions of Our Constitutional

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BANK OF BARODA
Documents” on page 373 of this Red Herring Prospectus.
Our Bank had applied to the Chief General Manager, Exchange Department (Foreign Investment Division) seeking
approval of the RBI to issue Equity Shares under this Issue to the public including NRIs and FIIs with repatriation
benefits. RBI vide their letter no. FE.CO.FID/4781/10.02.40 (9107)/2005-06 dated September 2, 2005, permitted the Bank
to issue shares to NRIs and FIIs with repatriation benefits out of the issue of Equity Shares of Rs. 10 each amounting to
a face value of Rs. 710 million. The permission is subject to ensuring that the post Issue non-resident equity holding in
the Bank shall not exceed 20% of the paid up capital. The permission is further subject to conditions laid down by the
Government of India in their approval F.No.11/31/204-B0A dated February 11, 2005, conditions prescribed by SEBI and
terms and conditions for issue of shares as stipulated in Schedule 1 and 2 to RBI Notification No. FEMA.20/2000-RB
dated May 3, 2000, as amended from time to time.