FDI allotment pricing: non resident subscriptions under Memorandum of Association may be accepted at face value if eligible. The Reserve Bank clarified that when non residents, including NRIs, subscribe to an Indian company's Memorandum of Association in compliance with the Companies Act, such investment may be made at face value, provided the investor is eligible under the FDI scheme; AD Category I banks are to inform their constituents of this pricing clarification, subject to other statutory permissions or approvals.