VOLUME 9 - CREDIT DOCUMENTATION

SPECIMEN COPIES OF DOCUMENTS (LDOC FORMS)

LDOC 1 (1)
Attestation Memo
Bank Name XXXX
Head Office : XXXXX
_________________________ Branch
Name _______________________________________________________________________
Overdraft / Loan / C.C. against _____________________________ Limit Rs. ___________
Due Date of Account noted in dairy ___________Checked ___________
Due Date of Interest noted in dairy ___________ Checked ___________
Date of I_______
Due em. noted in dairy ___________
Due Date of . Dues noted in dairy ___________
Signature Verified ------------------_Documents
Specimen Signature Filed .. .. .. signed in
Documents obtained as per .. .. .. presence of ___________
sanction. Examined by an
officer other than the officer in whose
presence documents are executed
[with Name/Design.]
_________________ 20 Sr. Mgr./Mgr. Chief / Sr. Br./ Branch Manager/Mgr
Note: All the columns should be filled in, in all respects. Branch Head should sign this memo after scrutinising all
the documents.
_____
___________
Noted in Bullion Register .. .. .. d ___________
. .. _ ___________
Noted in Position Sheet .. .. .. __. .. d _

LDOC 1 (1)
Attestation Memo
BANK NAME XXXXX
Head Office : Mandvi, Baroda
_________________________ Branch
Due Date of Account noted in diary ___________Checked ___________
Due Date of Interest noted in diary ___________ Checked ___________
Due Date of Insc. Pol. noted in diary ___________Checked ___________
Due Date of Insc. Prem. noted in diary ___________Checked ___________
Due Date of Insc. Govt. & Mun. Dues noted in diary ___________Checked ___________
Noted in Ledger .. .. .. .. ___________Checked ___________
Noted in Security Register .. .. .. ___________Checked ___________
Noted in Bullion Register .. .. .. ___________Checked ___________
Noted in Stock Book Register .. .. .. ___________Checked ___________
Noted in Position Sheet .. .. .. ___________Checked ___________
Noted in Classification Sheet .. .. .. ___________Checked ___________
I hereby declare that the signature/s / left/right-hand thumb impression of __________________
________________________________________________________________________________

_________________________________ placed on the abovesaid documents dated _______ is / are that / those of
_____________________________________________________________ and is/are placed in my presence in
witness whereof I subscribed my name. The contents of the aforesaid documents are translated / explained to the
said executant, who admit/s the same.
"The contents of documents are translated in vernacular and explained to the party/ies who admit/s the same."
"The contents of attached document/s have been explained / interpreted to the executant in the vernacular language,
namely, ______________________________ and he/she appears to have understood the same."
_________________ 20 Sr. Mgr./Manager Chief / Sr. Br./ Br. Manager________
Note: All the columns should be filled in, in all respects. Branch Head should sign this memo after scrutinising all
the documents

LDOC 2 D. P. Note (2)

For Individuals
RS. _______________ Place : _________________
Date : _________________
On Demand I, _____________________________________
promise to pay BANK NAME XXXXX or order at their office in ________________________
___________________________________________ the sum of Rupees _____________
________________________________________________________________________
for value received with interest thereon at the rate of _________ % over Prime lending Rate of the Bank -----per
annum plus Interest Tax with monthly / Quarterly / half-yearly / yearly rests.
Signature without revenue stamp Signature over Revenue Stamp of appropriate value.
N.B. : * Strike off whatever is inapplicable.

LDC 3(a) D. P. Note 3(a)

For joint borrowers
RS. _______________ Place : _________________
Date : _________________
On Demand We, ___________________________________
__________________________________________________________________________
_________________________________________________________________________
jointly and severally promise to pay BANK NAME XXXXX or order at their office in ________
_______________________________________ the sum of Rupees __________________
_________________________________________________________________________
for value received, with interest thereon at the rate of _________ % over Prime lending Rate
of the Bank per annum plus Interest Tax with monthly / Quarterly / half-yearly / yearly rests:
Signature without revenue stamp Signature over Revenue Stamp of appropriate value.
N.B. : * Strike off whatever is inapplicable

LDOC 3(b) D. P. Note 3(b)

For sole-proprietorship firm
Rs. _______________ Place : _________________
Date : _________________
On Demand We, ___________________________________
__________________________________________________________________________
__________________________________________________________________________
jointly and severally promise to pay BANK NAME XXXXX or order at their office in ________
_______________________________________ the sum of Rupees __________________
_________________________________________________________________________
for value received, with interest thereon at the rate of _________ % over Prime lending Rate
of the Bank per annum plus Interest Tax with monthly / Quarterly /half-yearly / yearly rests.
Personal Signature of the Sole -Proprietor Firm's signature over the Revenue Stamp of Appropriate in full without
Stamp Value
N.B. : * Strike off whatever is inapplicable

LDOC 3b(i) D. P. Note 3b(i)

when limited company is the sole proprietor of the firm
Rs. _______________ Place : _________________
Date : _________________
On Demand We, ___________________________________
__________________________________________________________________________
jointly and severally promise to pay BANK NAME XXXXX or order at their office in ________
_______________________________________ the sum of Rupees __________________
_________________________________________________________________________
for value received, with interest thereon at the rate of _________ % over Prime lending Rate
of the Bank per annum plus Interest Tax with monthly / Quarterly / half-yearly / yearly rests.
Signature without revenue stamp Firm's Signature over Revenue Stamp of appropriate value.
N.B. : * Strike off whatever is inapplicable

LDOC 3(c) D. P. Note 3(c)

for partnership firm
Rs. _______________ Place : _________________
Date : _________________
On Demand We, ___________________________________
__________________________________________________________________________
__________________________________________________________________________
jointly and severally promise to pay BANK NAME XXXXX or order at their office in ________
_______________________________________ the sum of Rupees __________________
_________________________________________________________________________
for value received, with interest thereon at the rate of _________ % over Prime lending Rate
of the Bank per annum plus Interest Tax with monthly / Quarterly / half-yearly / yearly rests.
Personal Signatures of the Partners Firm's Signature over the Revenue Stamp of In Full and without Stamp
Appropriate Value.

N.B.:* Strike off whatever is in applicable.

LDOC 3C(i)
D. P. Note when limited company 3 C( I ) Is one of the partners of the partnership firm
Rs. _______________ Place : _________________
Date : _________________
On Demand We, ___________________________________
__________________________________________________________________________
__________________________________________________________________________
jointly and severally promise to pay BANK NAME XXXXX or order at their office in ________
_______________________________________ the sum of Rupees __________________
_________________________________________________________________________
for value received, with interest thereon at the rate of _________ % over Prime lending Rate
of the Bank per annum plus Interest Tax with monthly / Quarterly / half-yearly / yearly rests.
Personal Signatures of the Partners Firm's Signature over the Revenue Stamp of In Full and without Stamp
Appropriate Value .
Note::* Strike off whatever is in applicable.

LDOC 4 D. P. Note (4)

For private / public limited company
Rs. 50,00,00,000/=
Place : Mumbai
Date : ___________
On Demand We, M/s. Patel Engineering Ltd.
promise to pay BANK XXXX or order at their office at XXXX Mumbai BRANCH ADDRESS BRANCH ,
Mumbai, the sum of Rupees Fifty Crores Only for value received, with interest thereon at the
rate of BPRL (present BPLR being 13.25% p.a.) per annum plus Interest Tax with monthly rests.
The Common Seal of M/s. _________ _______________________ was hereunto affixed pursuant to a resolution
passed by the Board of Directors at their meeting held on _______in the presence of
Shri_________________________________ , and Shri _______________________ two Directors of the Company
and Shri _____________________ Secretary who have affixed their signatures hereto.
LDOC 5
form of demand promissory note to (5) to be taken to cover any further advance
Rs. _______________ Place : _________________
Date : _________________
On Demand , We_______________________________________
___________________ jointly and severally promise to pay BANK NAME XXXXX or order at their office in
_______________________________________________ the sum of Rupees __________________
_________________________________________________________________________
together, with interest thereon at the rate of ________________ % over Prime lending Rate of the Bank per annum
plus Interest Tax with monthly / Quarterly /half-yearly / yearly rests. This pronote is in addition to the pronote dated
for Rupees ___________________________executed by me/us in the Bank's favour.
Signatures without Revenue Stamp Signature/s over Revenue Stamp of (In Non-Corporate Accounts) Appropriate
Value. N.B: * Strike off whatever is inapplicable.

LDOC 7 7
LETTer of continuing security (7) /STAMP AS ON AGREEMENT/
BANK NAME XXXXX Place : _________________
______________ branch Date : __________________
Dear Sirs,
With reference to the Demand Promissory note / joint & several Demand Promissory Note for Rs.
___________________(Rupees____________________________________________________________________
______________ signed by me/us in favour of the Bank and handed over to you to be held against
the________________________account in the name _________________________________ I/We hereby place
on record the fact that the said Demand Promissory Note is to be treated as a Continuing Security for the balance
and interest from time to time due to the Bank and the said ______________________________________ account
is note to be considered to be closed for the purpose of this security and the security is not to be considered
exhausted by reason of the said ___________________ account being brought to credit at any time or from time to
time.
I/We confirm that the balance at the debit of my/our account is repayable on demand, I/we further agree and confirm
that you shall by notice to me/us increase the rate of interest specified in the said Demand Promissory Note.
I/We further agree and confirm that I/We shall bear and pay interest at the rate of_________ % over Prime lending
Rate of the Bank per annum Plus Interest Tax with monthly/Quarterly / half yearly / yearly rests or at such rate or
rates as the Bank may specify to me/us in writing in accordance with the Bank's prime lending rate and my/our
credit rating with the Bank from time to time.
* I/We further place on record the fact that there is no mortgage or lien of any kind whatsoever created on my/our
properties and that I/We undertake not to create any mortgage or lien of whatsoever kind or nature over the same nor
to sell or alienate any of my/our immovable properties or assets of a capital nature until all the debts due by me/us to
BANK NAME XXXXX are fully paid. I/We know that it is on the faith of the representations and undertakings
contained in this paragraph that the Bank has agreed to open the said account.
The said account will be operated by ________________________________________
_________________________________________________________________________
_________________________________________________________________________ and the indebtedness
caused by such drawings from time to time will be binding on me/us jointly or severally.
Yours faithfully
* NOTE :- If advance is secured, please delete this.

LDOC 8 (8)
APPLICATION FOR IRREVOCABLE DOCUMENTARY CREDIT
BANK NAME XXXXX,
/STAMP AS ON AGREEMENT/
_____________ Branch
Dear Sirs,
-------------------------------------------------------------------------------------------------------------------------------------Advising Bank Credit No.-------------------------------------

In Confirmation of our brief Cable/Telex of date

--------------------------------------------------------------------------------------------------------------------------------------Beneficiary's Amount not exceeding
Name and Address in figures
In words
---------------------------------------------------------------------------------------------------------------------------------------Applicant We hereby issue our irrevocable letter of credit in your favour available upto the aggregate sum not
exceeding as above by negotiation of your sight/presentation of ______ days usuance draft to be drawn on us A/c
Applicant name above and bearing the clause drawn under BANK NAME XXXXX ____ branch Credit No.
-------------------------------------------------------------------------------------------------------------------------------------Covering full _________________ invoice value of shipments / despatches purporting to
be___________________________________________________________________________________________
_____________________________________________________________________________________________
__________from_________________ to ___________________ FOB / C & F . CIF _______
_____________________.
Partial shipment permitted / not permitted. transshipment permitted / not permitted.
Drafts are to be accompanied by the following documents in English, in duplicate, unless otherwise specified.
(1) Signed Commercial Invoices, in triplicate, quoting Import License No. ________________________________/
(import not included in the negative list of export import policy of 1992-1997) and certified that the goods are as per
order / indent no. __________________________________.
(2) Certificate of ______________________________ origin issued by a chamber of Commerce.
(3) Full set, Signed, Clean, on board ocean Bills of Lading made out to order and blank endorsed marked "Freight
prepaid / Freight payable at destination" and claused "Notify BANK NAME
XXXXX"__________________________________________________________ and also (applicant)
___________________________________________ indicating letter or credit number and date and evidencing
current shipment of merchandise stated above.
(4) Marine Insurance Policy covering inter-alia transit (warehouse to warehouse) clause pertaining to current
shipment / dispatch covered by transport documents called for herein unto order and blank endorsed for 10% over
invoice value covering institute cargo clause 'A' institute war clause (cargo) and institute strike clause (cargo) with
claims payable in, ________________________________________________ India.
(city) (state)
(5) Class certificate certifying that shipment by sea worthy vessels which are not more than 25 years old classed 100
A1 by Lloyds or equivalent classification society and approved by General Insurance Corporation of India.
(6) Test Certificate / Inspection Certificate dated ______________ and issued by
_______________________________________________________ specifying contents as per invoice.
(7) Packing list with details as per invoice.
Bills of Lading must be dated not later than ______________________________
___________________________________ nor prior to the date of this credit.
Bills of Exchange must be dated and presented / negotiated not later than
______________________________________ at the counters of advising Bank, however it should be negotiated /
presented within _________________ days after the date of each shipment / dispatch within validity of this L/c.
This credit is subject to the additional conditions / documentation overleaf.
We hereby engage with the drawers, endorsers, and/or bona fide holders of drafts drawn under and in compliance
with the terms of this credit that such drafts shall be duly honoured on presentation and that draft/s accepted with the
terms of this credit will be duly honoured at maturity and delivery of documents as specified above. Except as
otherwise, Expressly stated. This credit is subject to the uniform customs and practice for documentary credits (1993
revisions) International Chamber of Commerce Publications No. 500.
Customer's Initials.
ADDITIONAL CONDITIONS / DOCUMENTATION
(1) All Bank charges outside India are for beneficiary's / opener's account.
(2) The gross FOB/C & F/CIF value of the goods before deduction of agents' commission, if any, must not exceed
the credit amount.
(3) Third party Bills of Lading are not acceptable.

(4) Any documents called for herein produced by reprographic process / computerised system are acceptable.
provided all such original documents are manually signed.
(5) Transport documents bearing reference by stamp or otherwise to costs additional to the freight charges are not
acceptable.
(6) If dispatches by airfreight are permitted :(A) Air consignment notes signed by the carrier or by signatory authorised by the carrier, consigned to BANK
NAME XXXXX (branch) ________________ ___________________________________ A/c (Applicant)
_____________________________________________________________________ indicating Letter of Credit
Number and Date, marked 'Freight Prepaid/Freight Payable at destination' evidencing dispatch not later than
_____________________________ must accompany the documents in lieu of Bills of Lading.
(B) Beneficiary's certificate that two copies of the invoice and a copy of the Air Consignment note are sent along
with the consignment for delivery to the consignors through the carriers agent at destination, must accompany the
documents.
(C) Under documentary requirement No. 4 word 'Cargo' in bracket should read 'Air Cargo'.
(D) Words' 'Bill of Lading' and 'Marine' are to be substituted by words 'Air Consignment Note' wherever appearing
in credit.
FOR USANCE L/C ONLY
(7) As the drafts are to be drawn at _______________ days from the date of Bill of Lading/Airway bill payment will
be made to you with / without interest @ _________________ % p.a. on due date within the credit amount
(however interest should not exceed the prime rate ruling on the date of negotiation in the country of the currency in
which goods are invoiced) however separate sets of drafts and invoices to be prepared for interest amount. Interest
@ __________ % payable outside the credit amount without any engagement on our part, directly by openers. on
due date.
Authorised Signatory (Sig. No. __________) Authorised Signatory (Sig. No. __________)
IN CONSIDERATION OF YOUR OPENING THE ABOVE CREDIT, I/WE HEREBY AGREE AND
UNDERTAKE AS FOLLOWS :
(1) I/We hereby agree and undertake to accept and pay all Bills of Exchange drawn or purported to be drawn
pursuant to the terms of the credit and take up and pay for all the documents negotiated thereunder in accordance
with the terms thereof, as also for any disbursement made or liability incurred by you for my / our account under the
credit, together with interest, costs, charges and expenses due to you in respect thereof as hereinafter mentioned.
(2) (I) I/We further agree to pay to you interest on the amount(s) payable in respect of my / our liability under the
credit , at the rate of ______________ per cent per annum over the Bank's Prime Lending rate or at such other rate
as may be prescribed by the Bank from time to time for advances to non-priority sectors.
(II) The aforesaid rate of interest shall however be applicable only during the period from the date of negotiation of
the Bill/Documents under the credit up to and inclusive of the date immediately preceding the date of payment by
me/us or the date of crystallisation of my/our liability on the Foreign Currency Bill pursuant to clauses (I) Below,
whichever is earlier, after which interest shall be payable at the rate stipulated in the said clauses(I).
(3) I /We further agree to pay to you on demand (1) The charges that may levied as per the Foreign Exchange
Dealer's Association of India Rules in force from time to time for any early/late delivery of the relevant Foreign
Exchange / Currency under the Forward Exchange Contract, if any, booked by me/us and (II) the commission or
handling charges at the rate of 0.15% on the amount of the bill(s) drawn under the credit.
(4) I/We also agree to pay to you on demand, all costs (legal costs on full indemnity basis) customs duty, penalty,
demurrage, storage charges, clearing and forwarding charges and all other charges and expenses which you may be
put to or suffer or incur in connection with the goods and or the documents of title to goods covered by the credit
including for reshipment thereof for any reason whatsoever, or in the exercise or enforcement of any right or power
hereby conferred or otherwise howsoever, and further agree and undertake to hold you safe and harmless and keep
you indemnified against any claim , action or proceeding made or brought against you , your correspondents or
agents, as also against any liability or loss incurred or suffered by you, your correspondents or agents by reasons of
your having established the credit pursuant to my/our application or otherwise howsoever in the premises.
(5) (I) If I/We fail to make due payment to you of a Sight Bill on its presentation or a Usance Bill on the date of its
maturity, which is drawn or purported to be drawn under the credit and expressed to be payable in a Foreign
Currency, then you shall be at liberty without prejudice to your rights hereunder, to crystallise my/our liability on
the Foreign Currency Bill by converting the Foreign Currency Amount into Indian Rupees on the 10th day from the
date of receipt of documents by you under the credit in the case of a Sight Bill remaining unpaid till then, or on the
date of maturity in the case of a Usance Bill whereupon I/We shall be liable to pay you the Indian Rupees equivalent

of such Foreign Currency amount as calculated at the Rate Of Exchange mentioned below, together with Interest
henceBRANCH h at the rate of _____________ per cent per annum with quarterly rests, or at such other rate and /
or with such other rests as may be notified by you from time to time, until payment or realisation, and all costs
charges and expenses payable by me/us hereunder.
(II) The Rate of Exchange applicable to such conversion of the Foreign Currency amount into Indian Rupees shall
be.
(A) Your applicable Bill Selling Rate prevailing on the 10th day from the date of receipt of documents by you under
the credit in the case of a Sight Bill or on the date of maturity in the case of a Usance Bill provided however that if
the relevant Rate of Exchange is not quoted or available for any reason on such 10th day in the case of a Sight Bill
or on the date of maturity in the case of a Usance Bill then the Rate prevailing on the immediately next working day
when such rate shall be quoted or be available, shall be the applicable Rate of Exchange; Or.
(B) The Forward Exchange Contract Rate in case a Forward Exchange contract has been booked be me/us with you.
(III) The date of receipt of documents by you under the credit as registered in your record shall be conclusive and
binding on me/us
(IV) I/we confirm that crystallisation of my/our liability on the foreign currency Bill by you and the
charging/payment of interests at a higher rate as aforesaid shall not be deemed to create any right in me/us to keep
any Bill unpaid when due.
(6) I/We further agree that you shall have a Pledge upon all goods and documents of title to goods and other
documents covered under the credit which may have been already delivered or shall be hereafter delivered into your
possession or into the possession of your agents by me/us or by any person , firm, or company on my/our behalf as a
result of your opening the credit or in connection with the transaction thereunder the said goods and the documents
shall be deemed to be so delivered in pursuance of my/our this agreement to pledge them to you as security for all
payments which may be made by you or your correspondents or agents under the credit for my/our account as also
for any liability whatsoever incurred or which may be hereafter incurred by you or which your correspondents or
agents as result of the opening of this credit, together with interest, costs, charges and expenses as herein above
mentioned.
(7) In the event of my/our committing any default in making due payment of any bill drawn or purported to be
drawn under the credit or in making reimbursement on demand of any payment made by you for my/our account in
respect of any liability that may be suffered or incurred by you or your correspondents or agents under or in
connection with the credit, then you shall be entitled without prejudice to any of your rights and without notice to
me/us (which I/We hereby expressly waive). to sell the goods (the said goods) covered under the credit, whether
before or after their arrival, either by public auction or tender or by private contract and subject to such conditions as
you may deem fit to impose, or otherwise dispose of or deal with the said goods or any part thereof and/or with the
relative documents of title to goods in any manner whatsoever without being bound to exercise any of these powers
or liable for loss in the exercise or non-exercise thereof. The net proceeds realised from sale of the said goods or
transfer of any document of title, remaining after deducting therefrom the costs and expenses of and incidental to
such sale or transfer shall be applied in or towards payment or satisfaction of the amount(s) due to you in respect of
any payment or disbursement made by you under the credit for my/our account and interest and interest thereon and
all costs,charges and expenses as herein above mentioned. I/We agree to accept bank's account of sale or realisation
as conclusive evidence both in and out of court as to the amount(s) realised and expenses incurred and to pay
BRANCH hwith any shortfall or deficiency remaining after such application. I/We further agree that you shall not
be liable to me/us for any loss which may occur pending sale or disposal of the goods and / or documents of title to
goods whether by reason of theft, damage, deterioration or decay of the goods or depreciation in the value thereof or
otherwise whatsoever be the cause.
(8) I/We agree to keep the said goods further insured from time to time or expiry of insurance cover under the initial
policy or policies of Insurance, against all risks which are normally covered for goods of the nature purchased under
the credit as also against such other risks as may be required by you and in the event of my/our failing to do so, you
shall be at liberty to insure the said goods at my /our cost and expense without prejudice to your rights hereunder,
until all your dues in respect of the credit are paid in full. I/We agree to pay to you BRANCH hwith all moneys if
received by me/us under any policy or policies of Insurance and until payment to you of such Insurance moneys,
I/We undertake to hold the same in trust for you.
(9) I/We further agree and undertake to sign, execute and deliver to you from time to time on demand made by you,
such further or other deeds, documents and writing and do all such acts, matters as may required by you for better
perfecting your title to the said goods and the documents covered under the credit and or to render the same readily
saleable or transferable by you to any purchaser(s) at all times.

(10) It is understood that the transmission of all instructions and communications under the above credit and the
shipping of documents and goods thereunder is entirely at my/our risks you and your correspondents or agents shall
not be responsible for any error or delay in such transmission or loss or delay in delivery of the documents or the
goods nor shall you or your correspondents or agents be liable in any respect beyond ensuring that the bills drawn
under the credit and the relative documents covered thereunder purport to comply with the terms and conditions of
the credit.
(11) I/We had made adequate arrangement for retiring the bills under the credit and do not contemplate to seek any
financial assistance from you for the purpose.
(12) I/We agree to the negotiation of the drafts drawn under the credit being confined to your branches or agencies
or to any bank acceptable to you.
(13) I/We confirm that the goods described above are covered under My/Our below mentioned import license.
(14) I/We enclose for your perusal.
I. Order together with the order confirmation of overseas supplier; or
II. Pro forma invoice of overseas supplier duly countersigned by us; or
III. Indent offer from overseas supplier or his authorised agent together with the exchange control copy of the
relative import license.
I/We undertake to submit to you the exchange control copy of the relative customs Bill of entry after clearance of
the said goods or within three months from the date of remittance, whichever is earlier (As per para 14 A of 35(I)
and (IV) of ECM).
(15) This application shall be deemed to have been accepted and the credit deemed to have been established when
written advice thereof has been sent to the beneficiary.
(16) I/We agree and confirm that this credit, may be amended and /or modified by you in your absolute discretion,
including for an increased limit, on our giving you written instructions for the same and in such an event, such
amendment / modification will be deemed to form part of this credit application and will be governed by the terms
hereof and I/We agree, covenant, record and confirm that I/We shall be bound by the same as if such amendment /
modification including the increased limit has originally constituted the term of this credit.
(17) This agreement shall be binding upon Me/us, My/ Our heirs, executors and administrator and shall enure to the
benefit of and be enforceable by you, your successors, transferees and assigns.
Except as otherwise expressly stated this credit is to be opened subject to the Uniform Customs and Practice for
Documentary Credits (1983 revision) as contained in the International Chamber of Commerce Publication No.400 as
amended from time to time.
License No. Dated
For Rs. Valid Upto yours faithfully,
Date :
Signatures of Customer

LDOC 9
letter of pledge of goods for advances (9)
/STAMP AS ON AGREEMENT/
Amount Rs. _________________________________ Place : _________________
Name ______________________________________ Date : _________________
BANK NAME XXXXX, (hereinafter called "the Bank") having at the request of ________________
_________________________________________________________________________
_________________________________________________________________________ (hereinafter called "the
Borrowers") opened or agreed to open in the books of the Bank at _______________________ a Loan/Cash Credit

or any other Account to the extent of Rupees

__________________________________________________________________________ with the Borrowers
repayable on demand and to be secured by goods pledged with the Bank IT IS HEREBY AGREED between the
Bank and the Borrowers (the Borrowers where more than one person agreeing jointly and severally) as follows :1stThat the goods already delivered to and the goods which shall be hereinafter delivered to the Bank under this
agreement whether for the purpose of forming additional security for any sum already drawn or as security for any
sum or sums to be drawn against the said Loan/Cash Credit or other Account or by way of substitution for and in
lieu of any goods which may from time to time have been delivered or may be delivered to this Bank under this
agreement or otherwise howsoever (hereinafter called "the said goods") are as to the said goods of which possession
actual or constructive is now or already given hereby pledged to the Bank and as to the said goods of which
possession actual or constructive as hereafter given shall on such possession being given stand pledged to the Bank
as security to the Bank for the payment by the Borrowers of the balance due to the Bank at any time or ultimately on
the closing of the said Loan/Cash Credit or other Account and for the payment of all debts and liabilities mentioned
in Clause 13 hereof. The expression "the balance due to this Bank" in this and subsequent clauses of this agreement
shall be taken to include the principal moneys from time to time due on the said Loan/Cash Credit Account and also
all interest calculated from day to day at the rate hereinafter mentioned and the amount of all cost (between attorney
and client) charges and expenses which the Bank may have paid or incurred in any way in connection with the said
goods including the sale or disposal thereof.
2ndThat the Borrowers shall not, during the continuance of this agreement, pledge or otherwise charge or
encumber any of the goods for the time being subject, or intended to be the subject of this security nor do or permit
any act whereby the security given to the Bank hereunder shall be in any wise prejudicially affected.
3rdThat the Borrowers shall, but only with the previous written consent of the Bank, be at liberty from time to time
to withdraw from the Bank any of the goods for the time being, pledged to the Bank hereunder provided the full
market value of the said goods at the date of the pledge thereof is paid into the said account or approved goods of a
similar nature of at least equal value are substituted for the goods so withdrawn, AND, the margin in Clause 6 is
fully maintained. Any goods which may be handed to us for manufacture, processing, packing, clearing, shipping,
transport or any other purpose and the documents of title to goods handed to us for any purpose will be used by us
for such limited purpose only and will continue to be subjected to the security hereby created.
4thThe Borrowers shall at all times during the continuance of this security and so long as any money shall remain
due and owing to the Bank by virtue hereof insure and keep insured the said goods already and hereafter delivered
aforesaid to the full extent of their value against fire risk and such other risk as the Bank may require from time to
time in some Insurance office or offices approved by the Bank and in the name of the Bank and shall duly and
punctually pay the premia payable in respect thereof at least one week before the same shall become due or payable
and shall deliver the policy or policies of insurance and receipts for premia paid in respect thereof to the Bank, and
the Borrowers hereby agree not to raise at any time dispute as to the amount of the insurable interest of the Bank. If
default be made in effecting or renewing any police in payment of such premia or in keeping the said goods so
insured it shall be lawful (but not obligatory) for the Bank to insure or renew or pay such premia and to keep the
said goods insured and the expenses so incurred by the Bank for the purpose shall be charged to and payable by the
Borrowers on demand with interest as provided in Clause 7 hereof and until repayment shall be a charge on all
goods from time to time pledged with the Bank. In the event of the goods pledged/hypothecated or the moveable
machinery hypothecated to the Bank and insured as aforesaid being destroyed by fire or otherwise howsoever, the
blank shall be entitled to negotiate and settle the claim in respect thereof arising under the Insurance Policy with the
Insurance Company without any reference to the Borrower and such settlement shall be binding on the Borrowers in
all respects as if the borrower himself had made the claim and the borrower will not dispute the Bank's right to
negotiate and settle the claim with the Insurance Company or question the settlement.
5thThat all sums received under any such Insurance as aforesaid shall after deduction there out of all expenses be
applied in or towards the liquidation of the balance due to the Bank for the time being and in the event of there being
a surplus the same shall be applied as provided in Clause 13 hereof.
6thThat the Borrowers shall make and furnish daily to the Bank such Statement and returns of the cost and market
value of the said goods and full description thereof and produce such evidence in support thereof as the Bank may
from time to time require and the Bank shall not be required to make advance in the aggregate exceeding with
interest ___________________ percent of the market value (such market value not being in excess of the normal
value) of the stocks of
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________

____________________________________________________________________ during the currency of this

agreement. The Borrowers shall at all times during the continuance of this security maintain margin on stocks of the
said goods at _______________ % of the market or nominal value whichever be less) or as may be fixed by Bank
from time to time in its absolute discretion. (The decision of the local Manager or Agent of the Bank as to what is
the normal value of any goods shall be conclusive). Should the Bank so require such margin shall be maintained by
the Borrowers either by the delivery of further security to be approved by the Bank or by Cash payment by the
Borrowers immediately on demand.
7th That interest at the rate of ____________% over Prime Lending rate of the Bank per annum plus interest tax
with monthly /quarter/half yearly rests or at such rate or rates as the Bank may specify to the Borrower in writing in
accordance with the Bank's prime lending rate and the Borrowers credit rating with the Bank from time to time shall
be calculated on the daily balance of the said account provided that if the daily balance against the Borrowers on the
said account shall upon any days during the continuance of such Loan/Cash Credit Account or other account fall
below the minimum balance hereinafter mentioned then the Bank shall be entitled to charge interest at the rate
aforesaid in respect of such day or days on a sum equivalent to the minimum balance hereinafter mentioned and
debit to the Borrowers the interest so ascertained as the amount of interest in respect of such day or days. It is agreed
that all interest calculated as above shall be debited to the account on the 31st March, 30th June, 30th September and
on the 31st December in each year and thence BRANCH carry interest at the like rate. And the in the event of the
Bank making demand for payment on any date not being the date of expiration of any such Half year/Quarter the
Bank shall be at liberty to debit in the account all interest down to the date of demand and to include the same in the
demand for payment. And that the minimum balance on which such interest shall be chargeable as herein before
provided is fixed at Rs. ________________ and that the total amount demanded shall continue to carry interest as
aforesaid until payment with quarterly rests. And that the Borrower shall at all times accept the Bank's figure as
correct (manifest error excepted) in or out of Court."
8th That on demand by the Bank the Borrowers shall pay to Bank in _________________ the Balance then due to
the Bank on the said Loan/Cash Credit Account together with all further interest calculated as above provided at the
rate above mentioned together with the amount of all further charges and expenses (if any) to the date of payment
PROVIDED that nothing in this Clause shall be deemed to prevent the Bank from demanding payment of the
interest for the time being due without at the same time demanding payment of the balance due to the Bank
exclusive of such interest.
9thThat the Borrowers will pay to the Bank regularly on or before the 1st day of every month the sums of Rs.
_________________ and Rs. _________________________ to defray the monthly rent for place of storage and all
costs, charges and expenses inclusive of statutory dues and pay of clerk, peon and Security guards, respectively who
may be place in charge of the ________________ at ________________________ by the Bank to hold possession
for the Bank of the goods hereby deposited and pledged and that the Borrowers will provide suitable lodgings within
the compound of _______________________________ for such clerk and peon/guard and that the borrowers shall
bear the rent and other charges also payable regularly every month.
10thThat in the case of default by Borrowers in payment of the charge as provided in the preceding paragraph any
sum due and owing to the Bank on that account shall be added to and treated fro all the purposes of this Agreement
as moneys lent and advanced to the Borrowers hereunder and shall beer interest at the rate aforesaid.
11thThat if and when called upon by the Bank to maintain such margin as aforesaid the Borrowers shall fail to do
so or if the Borrowers shall on demand fail or neglect to repay the balance then due to the Bank or if the Borrowers
shall commit a breach of any of the terms herein contained or if the declarations in Clause 19 hereof prove to be
incorrect or if the Borrowers or any of them shall commit any act of Insolvency within the meaning of the
Insolvency Acts or become or are adjudged bankrupt or insolvent or shall execute and Deed of Arrangement,
Composition or Inspectorship or if any distress or execution shall be levied or enforced upon or against any of the
property of the Borrowers whether or not the said property shall be the subject of this security or (whether the
Borrowers are or are not a Joint Stock Company) if any person, firm or Company shall take any steps towards
applying for or obtaining an order for the appointment of a Receiver of the Borrower's property or any part thereof
or (in the event of the Borrowers being a Joint Stock Company) if any person, firm or company shall apply for and
obtain an order for winding up of the Borrowers or if any such order is made or any step be taken to wind up the
Borrowers or if any such resolution be passed it shall be lawful for the Bank at any time after 48 hours Notice in
writing to the Borrowers demanding payment (which the Borrowers hereby agree to be reasonable notice) or at any
time or times thereafter without any further notice to the Borrowers (without prejudice to the Bank's right of suit
against the Borrowers) either by public auction or by tender or by private contract and subject to such conditions as
the Bank shall think fit absolutely to sell or otherwise dispose of all or any of the said goods either together or in lots

or separately and to apply the net proceeds of such sale in or towards the liquidation of the balance then due to the
Bank.
12thThat if the net sum realised by such sale be insufficient to cover the balance then due to the Bank, the Bank
shall be at liberty to apply any other money or moneys in the hands of the Bank standing to the credit of or
belonging to the Borrowers or any one, or more of them in or towards payment of the balance for the time being due
to the Bank, and, in the event of there not being any such moneys as aforesaid in the hands of the Bank, or, in the
event of such money or moneys being still insufficient for the discharge in full of such balance the Borrowers
promise and agree BRANCH with on production to them or an account to be prepared and signed as in Clause 14
hereinafter provided to pay any further balance which may appear to be due by the Borrower thereon, PROVIDED
ALWAYS that nothing herein contained shall be deemed to negatively qualify or otherwise prejudicially affect the
right of the Bank (which it is hereby expressly agreed the Bank shall have) to recover from the Borrowers the
balance for the time being remaining due from the Borrowers to the Bank upon the said Loan/Cash Credit Account
notwithstanding that all or any of the said goods may not have been realised.
13th- That in the event of there being a surplus available of the net proceeds of such sale after payment in full of the
balance due to the Bank it shall be lawful for the Bank to retain and apply the said surplus together with any other
money or moneys belonging to the Borrowers any or one or more of them for the time being in the hands of the
Bank in or under whatever account as far as the same shall extend against in or towards payment or liquidation of
any and all other moneys which shall be or may become due from the Borrowers or any one or more of them
whether solely or jointly with any other person or persons, firm or company to the Bank by way of loans, discounted
bills, letters of credit, guarantees, charges or of any other debts or liability including bills, notes, credits and other
obligation current though not then due or payable or other demands legal or equitable which the Bank may have
against the Borrowers or anyone or more of them or which the law of setoff or mutual credit would any case admit
and whether the Borrowers or anyone or more of them shall become or be adjudicated bankrupt or insolvent or be in
liquidation or otherwise with interest thereon from the date on which any and all advances in respect thereof shall
have been made at the rate or respective rates at which the same shall have been advanced.
14th That the Borrowers agree to accept as conclusive proof of the correctness of any sum claimed to be due from
them to the Bank under this Agreement a statement of account made out from the books of the Bank and signed by
the Accountant or other duly authorised officers of the Bank without the production of any other voucher document
or paper.
15th That this Agreement is to operate as security for the balance from time to time due to the Bank and also for
the ultimate balance to become due on the said Loan/Cash Credit Account and the said account is not be considered
closed for the purpose of this security and the security is not to be considered exhausted by reason of the said
Loan/Cash Credit Account being brought to credit at any time, or from time to time or of its being drawn upon to the
full extent of the said sum of Rs. _________________________ if afterwards opened by a payment to credit.
16thThat this Agreement is not to prejudice the rights or remedies of the Bank against the Borrowers irrespective
and independent of this Agreement in respect of any other advances made or to be made by the Bank to Borrowers.
17thThat the Bank shall be entitled without inquiry to accept as correct the particulars supplied by us the
description, condition, quality, quantity or otherwise as to the nature of the goods from time to time lodged by us
hereunder whether the same are in as closed packages or loose and whether the same can be readily inspected or not,
but such particulars shall not bind the Bank. The Bank shall not be under any obligation to inspect any goods so
lodged or to check the correctness of such particulars. The Borrowers shall not be entitled to challenge the
correctness of such particulars or to object that the goods actually found in the possession of the Bank are not in
accordance with the goods as lodged. The Bank shall not be liable for any want of care or diligence. The Bank shall
not be in any way liable or responsible for any loss, destruction or deterioration which the goods for the time being
pledged to the Bank and forming part of the security the subject of this Agreement or any part thereof may suffer or
sustain on any account whatsoever while the same are in possession of the Bank during the continuance of this
Agreement or thereafter and all such loss, destruction or deterioration shall be wholly on account of the Borrowers
howsoever the same may have been caused nor shall the Bank be responsible for any shortage resulting from theft or
pilferage of otherwise howsoever notwithstanding that the goods may be in the possession or under the control of
the Bank. The Borrower agrees that in the event of the Bank receiving intimation from the Reserve Bank of India of
any default by the Borrower in payment of any one or more installments of the loan and/or interest due and payable
to any financial institution/s from whom the Borrower has taken any advance or otherwise borrowed any moneys,
the Bank shall be entitled to stop any further operations by the Borrower in the said loan/cash credit account and the
Bank shall be at liberty to refuse to make any payment of any cheque/s drawn by the Borrower to the debit of such
account and the Borrower shall not hold the Bank responsible or liable in any manner by the reason of the Bank's
refusal to make payment of such cheque/s; and the Borrower further agrees that in the event of there being any fixed

deposit account, recurring deposit account, or any time deposit account with the Bank in the Borrower's name , the
Bank will be at liberty to withhold payment to the Borrower of the amount/s deposited with the Bank on the dates of
maturity thereof, and the Bank will be entitled in its sole discretion to appropriate the balance or proceeds of the
time deposit account/s on the due date/s or before maturity for any advance/s granted by the Bank to the Borrower or
remit the balance in the said loan/cash credit account or proceeds of time deposit account/s, as the case may be, to
any financial institution/s from whom the Borrower may have taken advance or borrowed moneys and has defaulted
in making payment thereof or interest thereon as aforesaid.
18That any notice in writing required to be served hereunder shall be sufficiently served if addressed to Borrowers
at their address registered in the Bank or in the event of no such address being registered at their last known place of
residence or business and left at such address or place or forwarded to them by Post at the address or place aforesaid.
A notice sent by Post shall be deemed to be given at the time when in due course of Post would be delivered at the
address to which it is sent.
19thThat the Borrowers hereby declare,
(a) That they are and shall be the sole and absolute owners of the said goods and documents of title to goods now
already or from time to time deposited with the Bank, that such documents are genuine, that they have at the time of
such deposit full power and authority to deal with such goods and documents, that at such time the same are not the
subject of any prior lien, advance or charge and where registration attornment is required to perfect the title of the
Bank such registration or attornment has been duly effected.
(b) That to the best of their belief the Statement of contents of the packages, cases, bags or other receptacles are
correct as to description, quality and quantity.
20thThat this Agreement is made on faith of the declaration, which the Borrowers hereby make that they are and
shall be the sole Owners of the said goods from time to time pledged with the Bank and that the same are (delivery
to the Bank excepted) within their disposition and control and free from any trust, charge or other encumbrance.
21stThat in case the Borrowers shall be a firm or members of a firm no change whatsoever in the constitution of
such firm during the continuance of this agreement shall impair or discharge the liability here under of the
Borrowers or any one or more of them and all the present partners in such firm.
IN WITNESS whereof the Borrowers have executed these presents this ___________
_______________________________ day of ______________________ in the year ______________________.

LDOC 10
pledge of goods to secure CREDIT FACILITIES (10)
(FOR IMPORTED GOODS)
/STAMP AS ON AGREEMENT/
No. _________________
Amount Rs. _________________________________ Place : _________________
Name ______________________________________ Date : _________________
BANK NAME XXXXX, (hereinafter called "the Bank") having at the request of the undersigned (hereinafter called
"the Borrowers") opened or agreed to open in the books of the Bank at ______________________ a Loan/Cash
Credit Accounts or any other Account to the extent of Rupees
_____________________________________________________________________________________________
_________________________________ with the Borrowers repayable on demand and to be secured by goods
pledged with the Bank IT IS HEREBY AGREED between the Bank and the Borrowers (the Borrowers where more
than one person agreeing jointly and severally) as follows :1st In this agreement the expression "the said goods" means and includes as the context and circumstances require
(a) actual goods viz. _______________________________
___________________________________________________ and /or (b) bill of lading relating thereto and/or (C)
Warehouse receipt or other document relating to goods made out in the Bank's name or if in the undersigned's name
with letter of Attornment to the Bank attached and signed by the party issuing the receipt and/or (d) securities. All
the said goods already delivered to and all the said goods which shall be hereafter delivered to the Bank whether for

the purpose of forming additional security for any sum already drawn or as security for any sum or sums to be
drawn against the said Loan/Cash Credit Account or by way of substitution for and in lieu of any goods which may
from time to time have been delivered or may be delivered to the Bank as aforesaid or otherwise howsoever are as to
the said goods of which possession constructive or actual is now or already given hereby pledged to the Bank and as
the said goods of which possession constructive or actual is hereafter given shall on such possession being given
stand pledged to the Bank as security to the Bank for the payment by the Borrowers of the balance due to the Bank
at any time or ultimately on the closing of the said Loan/Cash Credit Account and for the payment of all debts and
liabilities mentioned in Clause 11 hereof. The expression "the balance due to this Bank" in this and subsequent
clauses of this agreement shall be taken to include the principal moneys from time to time due on the said
Loan/Cash Credit Account and also all interest calculated from day to day at the rate hereinafter mentioned and the
amount of all cost (between attorney and client) charges and expenses which the Bank may have paid or incurred in
any way in connection with the said goods including the sale or disposal thereof.
2ndThat the Borrowers shall not during the continuance of this agreement, pledge or otherwise charge or encumber
any of the goods for the time being subject, or intended to be the subject of this security nor do or permit any act
whereby the security given to the Bank hereunder shall be in any way prejudicially affected.
3rdThat Borrowers shall, but only with the previous written consent of the Bank, be at liberty from time to time to
withdraw from the Bank any of the goods for the time being, pledged to the Bank hereunder provided the full market
value of the said goods at the date of the pledge thereof is paid into the said account or approved goods of a similar
nature of at least equal value are substituted for the goods so withdrawn, AND, the margin in Clause 6 is fully
maintained. Any goods which may be handed to us for manufacture, processing, packing, clearing, shipping, or
transport or any other purpose and the documents of title handed to us will be held by as trustees for you for the
limited purpose for which they are handed to us.
4thThe Borrowers shall at all time during the continuance of this security and so long as any money shall remain
due and owing to the Bank by virtue hereof insure and keep insured the said goods already and hereafter delivered
aforesaid to the full extent of their value against fire risk and such other risk as the Bank may require from time to
time in some Insurance office or offices approved by the Bank and in the name of the Bank and shall duly and
punctually pay the premia payable in respect thereof at least one week before the same shall become due or payable
and shall deliver the policy or policies of insurance and receipts for premia paid in respect thereof to the Bank, and
Borrowers hereby agree not to raise at any time dispute as to the amount of the insurable interest of the Bank. If
default be made in effecting or renewing any police in payment of such premia or in keeping the said goods so
insured it shall be lawful (but not obligatory) for the Bank to insure or renew or pay such premia and to keep the
said goods insured and the expenses so incurred by the Bank for the purpose shall be charged to and payable by the
Borrowers on demand with interest as provided in Clause 7 hereof and until repayment shall be a charge on all
goods from time to time pledged with the Bank. In the event of the goods pledged/hypothecated or the moveable
machinery hypothecated to the Bank and insured as aforesaid being destroyed by fire or otherwise howsoever, the
blank shall be entitled to negotiate and settle the claim in respect thereof arising under the Insurance Policy with the
Insurance Company without any reference to the Borrower and such settlement shall be binding on the Borrowers in
all respects as if the borrower himself had made the claim and the borrower will not dispute the Bank's right to
negotiable and settle the claim with the Insurance Company or question the settlement.
5thThat all sums received under any such Insurance as aforesaid shall after deduction there out of all expenses be
applied in or towards the liquidation of the balance due to the Bank for the time being and in the event of there being
a surplus the same shall be applied as provided in Clause 11 hereof.
6thThat the Borrowers hereby agree and engage to maintain a margin either by payment in cash or by the deposit
of further approved goods, documents or securities for property or money, so that the amount advanced be not more
than ___________ percent of the market value or the invoice value whichever is lower for the time being of the
goods or securities deposited as security and that the Bank's decision as to market value shall in all cases be final
and binding upon the Borrowers.
7th That interest at the rate of ____________% over Prime Lending rate of the Bank per annum plus interest tax
with monthly /quarter/half yearly/yearly rests or at such rate or rates as the Bank may specify to the Borrower in
writing in accordance with the Bank's prime lending rate and the Borrowers credit rating with the Bank from time to
time shall be calculated on the daily balance of the said account and that interest so calculated shall debited to the
account on the 31st March, 30th June, 30th September and on the 31st December in each year and thenceBRANCH
h carry interest at the like rate. And that in the event of the Bank making demand for payment on any date not being
the date of expiration of any such quarter/year, the Bank shall be at liberty to debit in the account all interest down to
the date of demand and to include the same in the demand for payment. And that the total amount demanded shall

continue to carry interest as aforesaid until payment with quarterly rests. And that the Borrowers shall at all times
accept the Bank's figures as correct, (manifest error excepted in or out of Court)".
8th That on demand by the Bank the Borrowers shall pay to Bank in _________________ the Balance then due to
the Bank on the said Loan/Cash Credit Account together with all further interest calculated as above provided at the
rate above mentioned together with the amount of all further charges and expenses (if any) to the date of payment
PROVIDED that nothing in this Clause shall be deemed to prevent the Bank from demanding payment of the
interest for the time being due without at the same time demanding payment of the balance due to the Bank
exclusive of such interest.
8thA That the Borrowers will pay to the Bank regularly on or before the 1st day of every month the charges of the
Bank's Muccadums or representative who may be place incharge of the
_____________________________________ at _________________________ by the Bank to hold possession for
the Bank of the goods hereby deposited and pledged and that the Borrowers will provide suitable lodgings within the
compound of ___________________ for such Muccadum's representative.
8thB That in case of default by the Borrowers in payment of the charges as provided in the preceding paragraph
any sum due and owing to the Bank on that account shall be added to and treated for all the purpose of this
Agreement as moneys lent and advanced to the Borrowers here under and shall bear interest at the rate aforesaid.
9thThat if when called upon by the Bank to maintain such margin as aforesaid the Borrowers shall fail to do so or
if the Borrowers shall on demand fail or neglect to repay the Balance then due to the Bank or if the Borrowers shall
commit a breach of any of the terms herein contained or if the declaration in Clause 16 or the matters referred to in
Clause 17 prove to be incorrect or if the Borrowers or any of them shall commit any act of Insolvency within the
meaning of the Insolvency Acts or become or are adjudged bankrupt or insolvent or shall execute any Deed of
Arrangement/Composition or Inspectorship or if any distress or execution shall be levied or enforced upon or
against any of the property of the Borrowers whether the said property shall or shall not be the subject of this
security or (whether the Borrowers are or are not a Joint Stock Company) if any person, firm or Company shall take
any step towards applying for or obtaining an order for the appointment of a Receiver of the Borrower's property or
any part thereof or (in the event of the Borrowers being a Joint Stock Company) if any person, firm or Company
shall apply for and obtain an order for the winding up of the Borrowers or if any such order is made or any step be
taken to wind up the Borrowers or if any such resolution be passed it shall be lawful for the Bank at anytime after 48
hours notice in writing to the Borrowers demanding payment (which the Borrowers hereby agree to be reasonable
notice) or at any time or times thereafter without any further notice to the Borrowers (without prejudice to the
Bank's right of suit against the Borrowers) either by public auction or by tender or by private contract and subject to
such conditions as the Bank shall think fit absolutely to sell or otherwise dispose of all or any of the said goods
either together or in lots or separately and to apply the net proceeds of such sale in or towards the liquidation of the
balance then due to the Bank.
10thThat if the net sum realised by such sale be insufficient to cover the balance then due to the Bank, the Bank
shall be at liberty to apply any other money or moneys in the hands of the Bank standing to the credit of or
belonging to the Borrowers or any one or more of them in or towards payment of the balance for the time being due
to the Bank and in the event of there not being any such money or moneys as aforesaid in the hands of the Bank, or
in the event of such money or moneys being still insufficient for the discharge in full of such balance, the Borrowers
promise and agree BRANCH hwith on production to them of an account to be prepared and signed as in Clause 12
hereinafter provided to pay any further balance which may appear to be due by the Borrowers thereon, Provided
ALWAYS that nothing herein contained shall be deemed to negative qualify or otherwise prejudicially affect the
right of the Bank (which it is hereby expressly agreed the Bank shall have) to recover from the Borrowers the
balance for the time being remaining due from the Borrowers to the Bank upon the said Loan/Cash Credit Account
notwithstanding that all or any of the said goods may not have been realised.
11thThat in the event of there being a surplus available of the net proceeds of such sale after payment in full of the
balance due to the Bank it shall be lawful for the Bank to retain and apply the more of them for the time being in the
hands of the Bank in or under whatever accounts as far as the same shall extend against in or towards payment or
liquidation of any and all other moneys which shall be or may become due from the Borrowers or any one or more
of them whether solely or jointly with any other persons firm or Company to the Bank by way of loans, discounted
bills, letters, of credit, guarantees, charges or of any other debts or liability including bills, notes credits and other
obligations current though not then due or payable or other demands legal or equitable which the Bank may have
against the Borrowers or any one or more of them or which the law of setoff or mutual credit would in any case
admit and whether the Borrowers or any one or more of them shall become or be adjudicated bankrupt or insolvent
or be in liquidation or otherwise with interest thereon from the date on which any and all advances in respect thereof
shall have been made at the rate or respective rates at which the same shall have been so advanced.

12thThat the Borrowers agree to accept as conclusive proof of the correctness of any sum claimed to be due from
them to the Bank under this Agreement a statement of account made out from the Books of the Bank and signed by
the Accountant or other duly authorised officer of the Bank without the production of any other voucher document
or paper.
13th- That this Agreement is to operate as security for the balance from time to time due to the Bank and also for the
ultimate balance to become due on the said Loan/Cash Credit Account and the said account is not to be considered
to be closed for the purpose of this security and the security is not to be considered exhausted by reason of the said
Loan/Cash Credit Account being brought to credit at any time or from time to time or of its being drawn upon to the
full extent of the said sum of Rs. ______________ if afterwards reopened by a payment to credit.
14th That this Agreement is not to prejudice the rights or remedies of the Bank against the Borrowers irrespective
and independent of this Agreement in respect of any other advances made or to be made by the Bank to the
Borrowers.
15th That the Bank shall be entitled without enquiry to accept as correct the particulars supplied by us of the
description, condition, quality, quantity or otherwise as to the nature of the goods from time to time lodged by us
hereunder whether the same areas in closed packages or loose ad whether the same can be readily inspected or not;
but such particulars shall not bind the Bank. The Bank shall not be under any obligation to inspect any goods so
lodged or to check the correctness of such particulars or to object that the goods actually found in the possession of
the Bank are not in accordance with the goods as lodged. The Bank shall not be liable for any want of care or
diligence. The Bank shall not be in any way liable or responsible for any loss, destruction or deterioration which the
goods for the time being pledged to the Bank and forming part of the security the subject of this Agreement or any
part thereof may suffer or sustain on any account whatsoever while the same are in actual or constructive possession
of the Bank during the continuance of this Agreement or thereafter and all such loss, destruction or deterioration
shall be wholly on account of the Borrowers howsoever the same may have been caused nor shall the Bank be
responsible for any shortage resulting from theft or pilferage or otherwise howsoever notwithstanding that the goods
may be in the possession or under the control of the Bank.
16thThat the Borrowers hereby declare.
a) that they are and shall be the sole and absolute owners of the said goods, documents of title to goods now, already
or from time to time deposited with the Bank that such documents are genuine, that they have at the time of such
deposit full power and authority to deal with such goods and documents, that at such time the same are not subject
of any prior lien, advance or charge and where registration or attornment is required to perfect the title of the Bank
such registration or attornment has been duly affected.
b) that to the best of their belief the Statement of contents of the packages, cases, bags or other receptacles are
correct as to description quality and quantity:
c) that (except where the deposited goods are in bond) all duties properly leviable have been duly paid and
discharged.
17thThat in the case of the deposited goods or any of them being in bond the Borrowers engage to meet the full
amount of the bond with all rent, penalties, interest and other charges and that on default by the Borrowers the Bank
may do so and the Borrowers shall BRANCH hwith repay the same on demand to the Bank and that this security
shall be a security for such repayment.
18That any notice in writing required to be served hereunder shall be sufficiently served in addressed to Borrowers
at their address registered in the Bank or in the event of no such address being registered at their last known place of
residence or business and left at such address or place or forwarded to them by Post at the address or place aforesaid.
A notice sent by Post shall be deemed to be given at the time when in due course of Post would be delivered at the
address to which it is sent.
19thThat in case the Borrowers shall be a firm or members of a firm no change whatsoever in the constitution of
such firm during the continuance of this agreement shall impair or discharge the liability hereunder of the Borrowers
or any one or more of them and all the present partners in such firm.
IN WITNESS whereof the Borrowers have executed these presents this _____________
_____________________________ day of ______________________.

LDOC 11
letter of pledge (for government securities, (11)
shares, documents of title to goods Etc., other than securities of immovable property)

/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place : _________________
____________ branch
GENTLEMEN, Date : _________________
I/We the undersigned hereby agree that all securities issued by Government and Local Authorities, debentures and
shares of Corporation and Companies, all goods, documents of title to goods, and Securities of every description.
Motor lorry receipts endorsed in favour of the Bank or made out in the name of the Bank, other than securities for
immovable property (which goods, documents and securities are hereinafter referred to as "the said securities")
including the property, money and advantage comprised in, cover or represented by and derivable under or by virtue
of such documents and securities which I/We may from time to time deposit with BANK NAME XXXXX
(hereinafter called "the Bank") by way of security for the loan/advance/facility upto a limit of Rs. _____________
with interest, additional interest, penal interest as may be stipulated by the Bank From time to time shall be deemed
to have been deposited with and shall be held by the Bank upon subject to the terms & conditions hereinafter
mentioned, that is to say.
1. The said security shall be security to the payment to the bank by me/us on demand of
(a) All moneys which now are or which at any time or times hereafter may become due and owing from me/us to the
Bank whether alone or in partnership with any person, firm or company by way of overdraft in current account or by
way of loan or by way of cash credit with the Bank or otherwise howsoever (including money owing upon any
cheques, promissory notes or bills of exchange, drawn accepted or endorsed by me/us or which shall have been paid
for my/our credit either solely or jointly with another or others).
b) Interest on the moneys aforesaid from the respective date on which the same shall have been advanced to me/us at
the rate of ______% over Prime Lending Rate of the Bank per annum plus interest tax with monthly/quarterly/halfyearly/annual rests or at such rate or rates as the Bank may specify to me/us in writing in accordance with the Bank's
prime lending rate and my/our credit rating with the Bank from time to time."
c) Commission and other customary charges.
d) All expenses which may be incurred by the Bank in selling or attempting to sell the said securities or any of them
or in realising the said securities or any of them.
e) All costs, charges and expenses including legal charges as between attorney and client which the Bank may be put
to in connection with the premises or the exercise or enforcement of any right or powers hereby conferred.
2. In consideration for the said advances I/We jointly & severally hereby promise to pay to the Bank at
____________________ on demand made by the Bank or the Manager or any other Officer thereof the said several
items specified in paragraphs (a) to (e) of the last preceding clause.
3. (a) I/We hereby agree at all times while any money hereby secured remains owing and payable to deposit and
keep deposited with the Bank goods, documents of title to goods and securities approved by the Bank of such value
that the agreed margin shall be maintained for the benefit of the Bank. The agreed margin shall be at the rate of
margin which the Bank may from time to time in its absolute discretion fix (whether generally with regard to all its
customers or some of them or specially for the purpose of these presents) with regard to the nature of goods,
documents of the title to goods and the goods therein comprised and securities so deposited. The value of the goods,
documents of title to goods and the goods therein comprised, and securities shall for the purpose of these presents be
the market value thereof or the normal value thereof whichever be less. The decision of the local Manager or other
Officer of the Bank as to what is the normal value of any goods shall be conclusive. Should the Bank through its
Manager or other Officer so require such margin shall be maintained by me/us either by an immediate delivery of
further security to be approved by the Bank or by an immediate cash payment. The terms and conditions contained
in these presents shall apply to all goods, documents and securities so deposited from time to time. If I/We fail to
maintain such margin within 48 hours after receiving notice from the Bank requiring me/us so to do, the Bank shall
be entitled, [but not obliged] without prejudice to its other rights, and without any further authority from me/us to
sell such part of the securities that in its hands as it may consider necessary so as to put the account in order by
providing the required margin and to continue the said account. The provision of clause 4 and the other clauses
hereof shall apply to such sale.
(b) I/We hereby also agree that at all times while any money hereby secured remains owing and payable the Bank
shall be entitled to have all the shares of Corporations and Companies stock of every description pledged with the
Bank transferred to the Bank's name without giving any intimation to me/us and that the Bank shall have in respect
of such shares and stock exclusive voting rights exercisable by the Bank in any manner whatsoever and that we shall
henceforward not exercise any voting rights or issue any proxies in respect of such shares/stock until any money
hereby secured remains owing and payable to the Bank.

4. I/We hereby agree that Bank shall be entitled if default shall have been made by me/us in the repayment of
moneys due by me/us for 48 hours after demanding payment at any time or times thereafter and without further
intimation to me/us to sell the said securities in such manner as the Bank may think fit and that such 48 hours notice
shall be reasonable notice of such intended sale. For the purpose aforesaid or to effect any sale of the said securities
the Bank may stamp, complete and register any transfer or other documents and pending any such sale, the Bank
may collect, receive and recover any dividend, interest and money relating to the said securities or any of them and
give receipts therefor.
5. The Bank shall at any sale of the said securities have power to buy in or rescind any contract of sale and resell
without being accountable for any loss or diminution in the price thereof or being answerable for and deterioration
of the said goods or for any depreciation in the value of the said securities.
6. I/We hereby agree to execute from time to time on demand made by the Bank or the Manager or any other officer
thereof and make over to the Bank all such further or other documents and do all such acts as may be required by the
Bank to vest the full legal title to the said securities or any part thereof in the Bank and to render the same readily
saleable or transferable by the Bank at any time.
7. The Bank shall not be liable to me/us for any involuntary losses which may occur during its custody of the said
securities by reason of the sale of the said securities or any of them nor for any deterioration of the goods or for any
depreciation in the value of the said securities.
8. The Bank shall apply the net proceeds of sale of the said securities in satisfaction so far as the same shall extend
to all moneys owing by me/us in my/our said account under the several items specified in paragraphs (a) to (e) of
clause 1 hereof. It shall be lawful for the Bank to retain and apply the surplus, if any of the sale proceeds. After
payment in full of the said moneys together with any other money or moneys belonging to me/us for the time being
in the hands of Bank in whatever account as far as the same shall extend in or towards payment of any and all other
moneys with interest thereon which shall be or may become due from me/us or any one more of us whether solely or
jointly with any other person or persons, firms or company to the Bank including obligation current though not then
due or payable or other demands legal or equitable whether I/We or any one or more of us or such person or persons
or any of them shall become or be adjudicated bankrupt or insolvent or be in liquidation. If the net sale proceeds or
such sale be insufficient to cover the said moneys. I/We shall be liable BRANCH hwith on demand to pay and make
good such deficiency to the Bank.
9. All accounts of sale rendered to me/us by the Bank shall be conclusive evidence both in and out of court of all
matters therein stated.
10. I/We hereby also agree that notwithstanding anything herein-before contained the Bank shall not be bound to
allow or continue my/our overdraft in current account, loan or cash credit to any extent or for any time further than
the Bank shall in its absolute discretion see fit to do.
11. I/We hereby also agree that if at the time when the said account current, loan or cash credit shall be closed a
balance shall be owing from me/us to the Bank, I/We will so long as such balance or any part thereof shall remain
owing, pay interest thereon to the Bank at the rate aforesaid with rests as aforesaid from the time when such balance
shall be ascertained.
12. This security shall operate as continuing security for all money owing by me/us and my/our indebtedness and
liabilities [whether absolute or contingent] to the Bank as aforesaid notwithstanding the existence of a credit balance
in the said account or any other account at any time or any payment or fluctuation of account and shall remain in
force until terminated by the Bank on notice in writing by the Bank to me/us.
13. The above terms and conditions shall apply and shall be deemed to have applied to securities which may from
time to time hereafter be deposited by me/us with the Bank as securities for any moneys due by me/us to the Bank
on any account whatsoever.
14. I/We hereby declare that the said securities are and shall always be my/our absolute property and at my/our sole
disposal and free from any encumbrance whatsoever and I/We hereby undertake not to deposit with the bank any
securities, which shall not be my/our absolute property and at my/our sole disposal and free from all encumbrances
and that it shall be taken as term between me/us and the Bank that all securities deposited by me/us with the Bank as
securities are my/our absolute property and at my/our sole disposal and free from encumbrances.
15. The Bank will be discharged and protected from any claim if it delivers the said securities to or in accordance
with the instructions given by me/any one of us. But this provision shall not restrict or prejudice the Bank's right to
sell the securities without my/our consent.
16. I/We hereby undertake to hold you harmless and indemnified in respect of any defect in any securities which
I/We deliver to you or request you to take delivery of from any other source on my/our account whether with or
without blank transfers or in respect of any delay in causing the same securities to be transferred to my/our or your
name/s.

______________________________
______________________________
______________________________
Note : (i) Clause to be added to letter of pledge when advance is made against the security of Life Insurance Policies
:
The letter of pledge taken in connection with advance made against life policies should contain a clause to be added
under the borrowers' signature as under :"It is hereby agreed that in the event of my/our failing to repay the advance when recalled at any time as required,
Bank can proceed on the basis of the assignment in its favour to surrender the policy and to obtain the proceeds from
the insurer or have the policy paid at its desertion and obtain payment on maturity.
I/We hereby undertake to keep the policy alive during the currency of the advance by paying the premia as and
when they fall due, failing which the Bank may at its discretion recall the advance or continue to keep the policy
alive by paying their premia to the debit of any of my accounts with the Bank or by paying the premia direct from its
own funds, in which latter case any such premia paid by the Bank could be offset from the proceeds of the policy
remaining when received by the Bank after adjusting the advance made by the Bank:.

LDOC 12
letter to be obtained from the borrowers in respect of their inward consignments
NOT TO BE STAMPED
BANK NAME XXXXX Place : _________________
______________ branch Date : __________________
Dear Sirs,
With reference to the arrangements of granting us advances against railway receipts covering consignments of
__________________ (stocks) to the extent of _____________ (limit sanctioned) only, outstanding at any one time
under the cash credit limit of Rs. _____________ granted to us on the terms mentioned in the Instrument of Pledge
dated _____________ signed by us, we confirm that the arrangement shall be worked out as under.
Under the limit we request the blank to retire bills drawn on us accompanied by railway receipts or Motor Transport
Receipts or any other documents of Title to goods made out in the name of the Bank or endorsed in favour of the
Bank covering consignments of ____________________ on or depositing beforehand such margin amount as would
be demanded by the Bank.
We agree to arrange for the clearance and storage of the goods under the supervision of your representative and to
pay such extra charges as you may have to incur in this connection. The Bank is not, however, to be responsible for
any loss or damage which may happen to any of the goods during its transit and/or after its arrival and/or the noninsurance or improper or inadequate insurance thereof and/or any deficiency in the quantity, quality, weight or value
thereof and/or stoppage or detention thereof by the railway authorities or any other person whomsoever.
If any of the bills so purchased by you remain unpaid on presentation, we agree to pay in the amount in our account
with you immediately on receipt of non-payment advice from you.

It is understood that the total amount of advances under the above arrangement against railway receipts or Motor
Transport Receipts or any other documents of title to goods shall not exceed Rs. _________________.
"We confirm that interest will be charged on the advance made to us from time to time at the rate of _______% over
Prime Lending Rate of the Bank per annum plus interest tax with monthly/quarterly/half-yearly/annual rests or at
such rate or rates as the Bank may specify to us in writing in accordance with the Bank's prime lending rate and our
credit rating with the Bank from time to time."
We also undertake to pay you exchange for the inward and outward bills at your usual charges.
Yours faithfully,

LDOC 13
trust Receipt (13)
(imports)
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX Place : _________________
________________ branch Date : __________________
Dear Sirs,
In consideration of your handing to me/us Shipping documents for goods, as per particulars at foot,
hypothecated/pledged to the Bank as collateral security for the due payment of the debit balance of my/our cash
credit or any other account with you, I/We hereby engage to land, store and hold the said goods as Trustee for and
on behalf of the Bank, and the proceeds of sales, if effected, shall be received by me/us as Trustee for the Bank, and
paid to the Bank as and when received. I/We at the same time specially advising the Bank of account on which such
payment is made and I/We undertake to provide the Bank by this or other means with sufficient funds to meet the
said debit balance of my/our cash credit or other account with you together with all charges, commission, interest,
etc.
I/We also undertake to keep the goods insured against all risks including riots and civil commotion and to hand over
to the Bank all amounts received from the Insurers. The Policies of Insurance being in the mean time held by me/us
as Trustee for and on behalf of the Bank.
Without prejudice to anything herein contained I/We shall on the Bank's written demand to be made at any time
BRANCH hwith, either return to the Bank the said Shipping Documents, Insurance Policies or any of them or
deliver up to the Bank the said goods or any part thereof.
Yours faithfully,
PARTICULARS OF SHIPPING DOCUMENTS FOR GOODS.
---------------------------------------------------------------------------------------------------------------------------------Invoice Value Description of goods Marks & Nos. Vessel
---------------------------------------------------------------------------------------------------------------------

LDOC 14
letter of consent regarding advances (14)
against re-pledge of stocks.
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX Place : _________________
________________ branch. Date : __________________
Dear Sirs,
We understand that M/s. _____________________________________________ have applied to you to grant them
advance against the goods that may be pledged/handed over by us to them. We confirm that we are interested in
your granting the advances to M/s. _______ ____________________________________ against the goods
pledged/handled over by us to the said M/s.
____________________________________________________________ and we have authorised M/s.
__________________________________________________ to pledge and/or to repledge the goods pledged
and/or delivered by us to them as security against any advance that may be granted by you to them. We also confirm
that we shall not withdraw our consent; nor shall we be entitled to obtain possession of the goods so pledged and/or
repledged to you till your dues have been repaid by M/s. ______________________
__________________________. It is on the faith of our giving consent as above that you have agreed to grant
advances to M/s. __________________________________ against goods pledged/handled over by us to M/s.
_____________________________________.
Yours faithfully,
(Signature of the party agreeing to repledge of
stocks by the borrowers to the Bank.)
Note :A letter of consent agreeing to repledge of stocks by the borrowers to the Bank should be obtained from each
of the original pledgers. Their signatures should also be got attested by their Bankers or by a person known to the
Bank.

LDOC 15
third party letter of pledge of shares (15)
NOT TO BE STAMPED
BANK NAME XXXXX Place : _________________
________________ branch. Date : __________________
Dear Sirs,
Re : ___________________ Shares of the ___________________
______________________________________________________
Nos. __________________________________________________
Standing in my/our name/s.
Please note that_______________________________________ is/are entitled to pledge with you the above
mentioned shares standing in my/our name/s as security (without any other security or with other security as he/they
may from time to time allow you to retain) for any advance or advances he/they require/s or may require from time

to time or for any fluctuating account with limits to be fixed by him/them and you from time to time notwithstanding
that such account may at any time or times be in credit.
The Bank may get the shares transferred to its name and hand over to ____________
________________________________________________________________________ or deal with them and
their proceeds in accordance with his/their instructions.
Yours faithfully,
(Signature of the person/s in whose name/s
the shares stand.)

LDOC 16 (16)
LETTER DEPOSITING FIXED/SHORT DEPOSIT RECEIPT(S) / CUM-UNDERTAKING
/STAMP AS ON AGREEMENT/
The Chief/Sr. Br./Br. Manager, Place : __________________
BANK NAME XXXXX, Date : __________________
_________________branch
PART 'A'
LETTER OF DEPOSIT
(a) In case of depositor-borrower, i.e. for advance against One's Own Deposit/s (including Joint Accounts) :
I /We hereby apply for the facility of loan/overdraft limit of Rs._______________ with you against the security of
my/our own deposit/s with you at the interest rate of __________% p.a + interest tax (as applicable from time to
time) *with monthly/quarterly/half yearly/yearly rests*
(b) For Advances Upto Rs. 2.00 Lacs against Third Party Deposit/s :
I /We hereby apply for the facility of loan/overdraft limit of Rs.__________ with you against the security of
deposit/s of Mr./Mrs./Messrs.__________________________ with you at the interest rate of _______-% p.a +
interest tax (as applicable from time to time -with monthly / quarterly / half-yearly / yearly rests.
(c) For advances of over RS. 2.00 Las against Third Party Deposits.
I /We hereby apply for the facility of loan/overdraft/other facility limit of Rs.______ with you against the security of
deposit/s of Mr./Mrs./Messrs.__________________________ with you at the interest rate of 3.5% over the deposit
rate payable on the concerned time deposit (which is _____% p.a. for the present) subject, however, to the Bank's
prime lending Rate (Which is at present-_____% p.a. and the same is subject to change without notice from time to
time) plus interest tax ( as applicable from time to time- with monthly / quarterly /half-yearly / yearly rests.
As security for the fluctuating balance from time to time of the said loan/overdraft or other facility which you may
grant to me/us. I am depositing/Mr./Mrs./Messrs. ___________________ ______________is/are depositing with
you herewith the fixed/short deposit receipt/s No./s-_____________________________ dt.
______________________________________ _________________________________________ standing in the
name/s of myself/ ourselves/Mr./Mrs./M/s.__________________________________________________________
for Rs._________________________________________________ & __________________
__________________________ due from the bank so that you may hold/continue to hold the said Fixed/Short
Deposit Receipt/s as security for the dues to you from time to time.
I am aware that such renewal of deposit/s and continuance of advance shall be purely/entirely at the bank's
discretion and it shall not be obligatory for the bank to do so under any circumstances.

If the loan/overdraft/other facility, together with interest, penal interest/additional interest, including tax on such
interest (as applicable) and banking charges, payable by me/us is not paid when called upon to do so, or in any case
before the due date/s of the said Fixed /short Deposit/s, the aggregate amount due thereon to me/us/Mr./Mrs./Messrs.
__________________ _________________________________ (depositor/s) may be credited to
loan/overdraft/other account, and the balance, if any , may be paid to me/us/Mr./Mrs./Messrs._________________
_______________________ depositor/s) If the bank recalls the loan/overdraft/other facility granted to
Mr./Mrs./Messrs.________________________(borrower), the bank shall, in that event, be entitled to adjust the said
loan/overdraft/ other account and liquidate the same in full by pre-payment/foreclosure of the said deposit/s and in
that case the bank may allow such rate of interest as may be permissible from time to time as per the rules of the
Bank in case of pre-payment/ foreclosure. If the said fixed/short deposit/s is/are renewed by
me/us/Mr./Mrs./M/s.___________________________(depositor/s) for a further period/s, then until the said
loan/overdraft/other facility, together with interest (including penal interest, additional interest and tax thereon) and
banking charges, is paid in full, the renewed fixed/short deposit receipt/s shall be duly discharged by
me/us/Mr./Mrs./Messrs.____________________ ____________________ (Depositor/s) and deposited with you so
that you may hold the same and the amount/s due thereunder as security as aforesaid until the loan/overdraft/other
facility, together with interest (as defined above) and banking charges, is paid by me/us (borrower) in full.
PART B
UNDERTAKING:
Now in consideration of the bank, at our request, granting/continuing to grant and having continued the
abovementioned facility, I/we_______________________(name of the borrower) agree, confirm and undertake:
(d) Where the Deposit(s) is/are collateral / part security :
1. That all the monies advanced or to be advanced by the bank under the facility mentioned herein above shall be
utilised exclusively for the purpose set-BRANCH h in my/our proposal/application and for no other purpose, and if
the said loan/advanced is utilised or attempted to be utilised for any other purpose or if the bank apprehends or has
reason to believe that the said loan/advance is being utilised for any other purpose, the bank shall have the right to
BRANCH hwith recall the entire or any part of the loan/advance without assigning any reason therefor.
(e) In case of All Advances
2. That notwithstanding anything to the contrary contained in any of the documents/agreements executed/to be
executed by me/us as also in the letters of sanction by the bank, the bank shall be entitled to change the contractual
rate of interest at its own discretion without any intimation to me/us to bring it in conformity with the rate of interest
prescribed by the Reserve Bank of India /the Bank (BANK NAME XXXXX) or any other eventuality such as reintroduction of Interest Tax,etc. from time to time and the same shall be binding on me/us as if such change/s
was/were already incorporated in the documents executed by me/us.
(f) Where the deposit(s) is/are collateral/part security :
3) That in the event of any irregularity, the bank at its discretion, shall be entitled to charge on the entire outstanding
or any portion thereof interest at such enhanced rate/s as it may fix during the continuance of such irregularity. I/we
understand that it is on the faith of the aforesaid representations and express undertakings that the bank has
consented to entertain my/our proposal/application for the said facility.
Yours faithfully,
(NAME/S OF THE BORROWER/S)
PART C
DEPOSITOR'S/S' REQUEST FOR ADVANCE TO OTHER/S (i.e. NON-DEPOSITOR/S) And I/we,
Mr./Mrs./M/s._____________________________ (depositor/s) hereby request the bank to grant the above facility
to Mr./Mrs./M/s._______________________________________________________
________________(Borrower/s) and agree that the said fixed/short deposit/s No./s
__________________________________ Dt. _______________ for Rs. ________________ &
_____________________ issued by BANK NAME XXXXX to me/us and all renewal/s thereof and the amount/s
due thereunder shall be held by the bank as security for the loan/overdraft/other facility, together with interest and
banking charges as aforesaid.
SIGNATURE/S & NAME/S OF THE DEPOSITOR/S
N.B: Please delete the inapplicable paras/ clauses/words .

LDOC 16 A
letter depositing fixed/short (16)
DEposit receipt
NOT TO BE STAMPED
The Chief/Sr. Br./Br.Manager Place : _________________
BANK NAME XXXXX
_____________Branch Date : __________________
Dear Sirs,
"I/We hereby apply for the facility of loan/overdraft for limit of Rs. _________________ account with you at
interest at the rate of _____________ % over Prime Lending Rate of the Bank per annum plus interest tax with
monthly/quarterly/half yearly rests or at such rate or rates as the Bank may specify to me/us in writing in accordance
with the Bank's Prime Lending rate and my/our credit rating with the Bank from time to time."
As security for the fluctuating balance from time to time of the loan/overdraft which you may grant to me, I/We,
Mr./Mrs._______________________________________________________________ will deposit with you the
Fixed Deposit Receipt No.___________ dated ____________ favouring me/us,. Mr./Mrs.
___________________________________________ for Rs. _______________ due from the Bank, so that you
may hold the said fixed deposit receipt as security for such fluctuating balance. The said fixed deposit receipt is to
be treated as a continuing security even if the overdraft account runs into credit, reduced or extinguished at any time
or from time to time.
If the loan/overdraft together with interest and banking charges payable by me is not paid before the due date of the
fixed deposit receipt the proceeds of the fixed deposit may be credited to the loan / overdraft account and the
balance if any may be paid to me Mr./Mrs._____________ .
If the Bank recalls the loan/overdraft granted to _____________________ the Bank in that event shall be entitled to
adjust the loan/overdraft account by payment of deposit receipt and in that case may allow such rate of interest as
per the rules of the Bank in case of prepayment.
If the said fixed deposit is renewed by me/us, Mr./Mrs.____________ for a further period than until the
loan/overdraft together with interest and banking charges is paid in full the renewed fixed deposit receipt will be
endorsed and deposited with you so that you may hold the same and the proceeds thereof as security as aforesaid
until the loan/overdraft together with interest and banking charges is paid by me in full.
And I/We, ________________________ hereby request the BANK NAME XXXXX to grant the above facility to
________________________ and agree that the fixed deposit receipt No.________ dated_____ for Rs.__________
issued by the BANK NAME XXXXX, to me and all renewals thereof and the proceeds thereof shall be held by the
bank as security for the loan/overdraft together with interest and banking charges as aforesaid.
Yours faithfully,

LDOC 17
Instrument of hypothecation of goods (17)
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX
_________________
________________ branch.

Place :
Date : __________________

An Agreement made this __________________ day of __________________

___________________________________________________________________________ Between
_________________________________________________________________
_________________________________________________________________________ (hereinafter called the
"Borrower") of the one part and BANK NAME XXXXX, incorporated in Baroda and having a place of business

amongst other places in ______________________ (hereinafter called "the Bank") of the other part WHEREAS the
Borrower has applied to the Bank for grant of Loans/Working Capital facilities as mentioned in the Schedule 'A'
hereunder upon such terms and conditions as therein contained by opening / continuing in one or more account/s of
the Borrower in the books of the Bank at ______________________ and the Bank has agreed to do so interalia upon
being secured in the manner hereinafter appearing and upon being further secured by a single/joint and several
Demand Promissory Note signed by the Borrower, Viz, _____________________________________________
NOW IT IS HEREBY AGREED as follows :1. This Agreement shall operates as a security to the Bank in addition to any other security already held by the Bank
for the repayment to the Bank at ____________________________ on demand of the balance due to the Bank by
the Borrower at any time or ultimately on the closing of the said Accounts unto the aggregate amount of
Rupees__________________________________________________ (Rs.___________________). The expression
"the balance due to the Bank" in this and the subsequent clauses of this Agreement shall be taken to include the
Principal moneys from time to time due on the said Account/s whether demanded or not and also all interest
including additional interest, penal interest/commission / interest tax (representing liquidated damages by whatever
name called). calculated from day to day in a manner and at the rate hereinafter mentioned and the amount of all
cost (between attorney and client), charges and expenses of the Bank which the Bank may have paid or incurred in
any way in connection with the hypothecated premises described in clause 2 hereof including the sale or disposal
thereof and any other sum that is hereunder declared to be debatable to the accounts.
2. The Borrower hereby hypothecates and charges to the Bank all and singular and borrower's stocks of raw
materials, semifinished and finished goods, stores and spares not relating to plant and machinery (consumable stores
and spares) both present and future being and lying at __________ in the borrower's premises or godowns or those
rented and whether lying loose or in cases or otherwise used in the business of the borrower or in transit now
belonging to or that may at any time, during the continuance of the aforesaid facilities and this security belongs to
the borrower or that may be held by any party to the order or disposition of the borrower (which assets comprised in
the security are hereinafter for brevity's sake referred to as "Hypothecated premises" whose brief particulars are
given in the Schedule 'B' hereinunder)
3. The Bank shall not be required to make any advance under this agreement if the amount outstanding at any one
time on the said account/s with interest exceeds the said sum of Rupees ____________________________________
_________________________ (Rs.______________) and the Borrower hereby engages that all sums drawn from
the Bank in the said Account/s shall be solely applied for the ordinary purposes of the Business of the Borrower as
now conducted.
4. The Bank shall not be required to make advances exceeding (with interest) __________ percent of the market
value (such market value not being in excess of the normal value) of the stocks or invoice value or control rate
whichever is the least and ________________________ per cent of the market value (such market value) of the
stocks or invoice value or control rate whichever is the least and _________________________ per cent of the
market value (such market value not being in excess of the normal value) of stock-in-process and ___________ per
cent of market value of all other goods (such market value not being in excess of the normal value) for the time
being hypothecated and charged to the Bank under this Agreement but so that the total advances against the stock of
________________________ shall not with interest exceed the sum of Rupees
__________________________________________________ (Rs._________________) and against stock-inprocess shall not with the interest exceed the sum of Rupees ______________________________________
(Rs._________________) and against other goods shall not with interest exceed the sum of Rupees
_______________________________________________ (Rs. __________________) at any time during the
currency of this Agreement.
5. Within the limits aforesaid the Bank shall from time to time make such advances as the Borrower shall require
upon the security of the hypothecated premises but upon the distinct understanding that all such advances shall be
repayable to the Bank on demand.
6. Interest at the rate of __________% over Prime Lending Rate of the Bank per annum plus interest tax, with
monthly/quarterly/half-yearly/annual rests or at such rate or rates as the Bank may specify to the Borrower in
writing in accordance with the Bank's prime lending rate and the Borrower's credit rating with the Bank from time to
time shall be calculated on the daily balance of the said account provided that if the balance against the Borrower on
the said account shall upon any day or days during the continuance of Cash Credit Account fall below the minimum
balance hereinafter mentioned then the Bank shall be entitled to charge interest at the rate aforesaid in respect of
such day or days on a sum equivalent to the minimum balance hereinafter mentioned and debit to the Borrower the
interest so ascertained as the amount of interest in respect of such day or days. It is agreed that all interest calculated
as above shall accrue due from day to day and shall be debited to the account at the end of each and every month or

on the 31st March, 30th June, 30th September and on the 31st December in each year and thenceBRANCH h carry
interest at the like rate and that in the event of the Bank making demand for payment on any date not being the date
of expiration of any such (month/quarter/halfyear) the Bank shall be at liberty to debit in the account all interest
down to the date of demand and to include the same in the demand for payment and that the minimum balance on
which such interest shall be chargeable as hereinbefore provided is fixed at Rs. __________________. And that the
total amount demanded shall continue to carry interest as aforesaid until payment with monthly/quarterly/ halfyearly/annual rests. And that the Borrower shall at all times accept the Bank's figure as correct (mainfest error
excepted) in or out of Court."
6.A. The borrower agrees and undertakes to deposit from time to time all the sale proceeds of the hypothecated
premises as and when the same are sold and undertakes not to open any advance or deposit account with any other
bank/s without the prior consent in writing of the Bank during the continuance of this advance. The borrower is
aware that relying on the aforesaid representations, the Bank has agreed to grant the borrower the advance against
the security of the hypothecated premises.
7. The Borrower agrees that the balance due to the Bank on the said Account at any time shall be payable on demand
to the Bank at ________________________________ at the Office of the Bank together with all further interest
calculated as above provided at the rate above mentioned together with the amount of all further charges and
expenses (if any) to the date of payment PROVIDED that nothing in this clause shall be deemed to prevent the Bank
from demanding payment of the interest for the time being due or other amounts hereby made debit able to the said
account without at the same time demanding payment of the balance due to the Bank exclusive of such interest or
other amounts.
8. The hypothecated premises shall at all times during the currency of this security and so long as any money shall
remain due and owing in the said Cash Credit Account be maintained in good and saleable condition and insured
and kept insured by and at the expense of the Borrower against fire and such other risks as may be required by the
Bank or be required by Law to the full extent of the value thereof in an Insurance Office or Offices approved by the
Bank in the name of the Bank or in the name of the Borrower and assigned to the Bank and in either case the
policies shall be handed to the Bank. The Borrower shall duly and punctually pay the premia due on the policies at
least one week before the same shall have become due or payable and hand the receipts to the Bank and the
Borrower agrees not to raise at any time any dispute as to the amount of the insurable interest of the Bank. If the
Borrower shall make default in effecting such insurance as aforesaid or renewing any policy or in payment of such
premia or in keeping the hypothecated premises so insured or in delivering the Bank the policies or receipts for the
premia it shall be lawful for (but not obligatory) the Bank to effect such insurance or to renew or to pay such premia
and to keep the hypothecated premises insured and to debit the expenses incurred by the Bank for the purpose to the
said account and the same shall be treated as advances secured by this Agreement. The Borrower agrees to pay the
same on demand with interest as provided in clause 6 hereof. All sums received. under any such insurance as
aforesaid shall after deduction thereout of all expenses be applied in or towards the liquidation of the balance due to
the Bank for the time being and in the event of there being a surplus the same shall be applied as provided in clause
18 (C) hereof. The Borrower agrees that if any moneys under any such insurance are received by the Borrower, he
will pay the same BRANCH hwith to the Bank. In the event of the goods hypothecated to the Bank and insured as
aforesaid being destroyed by fire or otherwise howsoever, the bank shall be entitled to negotiate and settle the claim
in respect thereof arising under the Insurance Policy with the Insurance Company without any reference to the
Borrower and such settlement shall be binding on the Borrower in all respects as if the borrower himself had made
the claim and the borrower will not dispute the Bank's right to negotiate and settle the claim with the Insurance
Company or question the settlement.
9. At all times during the currency of this security and so long as any money shall remain due and owing in the said.
Cash Credit Account the Borrower shall maintain in good and saleable condition the hypothecated premises to a
market value (not being in excess of normal value) sufficient to cover with the margin specified in Clause 4 hereof
the balance for the time being due to the Bank with interest. The Bank shall be entitled to vary the proportions of the
margins from time to time. The decision of the local Manager or the Agent of the Bank as to what is the normal
value of any goods shall be conclusive. Should the Bank so require such margin shall be maintained by the
Borrower either by the delivery of further security to be approved by the Bank or by cash payment by the Borrower
immediately on demand. But this clause shall be read in all respects with Clause 4 hereof.
10. It shall be lawful for the Bank and its Agents without notice and at the expense in all respects of the Borrower to
enter at any time into or upon the offices, godowns or jaithas of the Borrower or places of storage of any of the
hypothecated premises for the purpose of taking inspection of or checking the hypothecated premises and taking
account and inspecting of the books of account of the Borrower (which the Bank is hereby authorised to do) and it
shall also be lawful for the Bank from time to time as it may see fit to have all or any of the hypothecated premises

for the time being so hypothecated and charged as aforesaid valued by an appraiser or other valuer to be appointed
by the Bank and all such expenses and the fees and expenses of such valuation shall be debited to the Borrower in
the said Cash Credit Account and be payable accordingly and shall until payment be treated as an advance secured
by this agreement.
11. The Borrower shall, if so required by the Bank, cause and in default the Bank may itself cause a Board or Boards
with the name of the Bank legibly and distinctly printed or written thereon to be placed and at all times maintained
in a conspicuous position upon and within all godowns, jaithas or other places of storage into or upon which any of
the hypothecated premises for the time being hypothecated and charged as aforesaid are or shall be brought during
the continuance of this agreement.
12. The Borrower shall BRANCH hwith upon obtaining leave or license to occupy any Godown or jaitha or any
place containing any of the hypothecated premises which is not his own property, if so required by the Bank,
register the same in the name of the Bank and hand the receipts for any rents or other dues payable in respect thereof
to the Bank and keep the Bank indemnified against all liability in consequence of such transfer or registration in the
Bank's name and any sum becoming payable to the Bank by reason of such indemnity shall be debited to the Cash
Credit Account and shall carry like interest and shall be treated as an advance secure by this agreement.
13. The Borrower shall from time to time on demand by the Bank in writing at any time furnish to the Bank a full
and correct written statement with such particulars as the Bank may require of the hypotecated premises together
with the market value or (where the market value exceeds normal value) the normal value thereof and produce such
evidence in support thereof as the Bank may from time to time require. The Borrower shall also without demand
render unto the Bank weekly and on the first day of each Calendar month a similar written statement.
14. The Borrower shall on demand in writing by the Bank BRANCH hwith deliver to the Bank and account of such
part of the hypothecated premises as shall be in course of transit to ______________ or elsewhere and shall on
demand by the Bank deliver the Railway Receipts or other documents of title in respect therof duly endorsed to the
Bank or as the Bank shall direct.
15. The Borrower shall not (except for the purpose of sale in the ordinary course of business) at any time during the
continuance of this Agreement and so long as there shall be any balance due by the Borrower on the said account
remove or cause or permit to be removed from the said godowns or jaitha or other places of storage any of the
hypothecated premises or divert or deal with to the detriment of the Bank any part of the hypothecated premises
which may be in the course of transit to _____________ or elsewhere to the jaitha or godowns or other places of
storage of the Borrower and shall not do or permit to be done any act or thing whereby the security of the Bank may
be impaired or affected and in particular and without any prejudice to the above shall not create or allow to be
created a mortgage, hypothecation, pledge, charge or other encumbrance or lien over the hypothecated premises or
any of them.
16. This Agreement is made on the faith (a) of the declaration which the Borrower hereby makes that the
hypothecated premises now and from time to time hereafter comprised in the security hereby created are and will at
all times be the absolute property of the Borrower (except for and subject to the security hereby created) and free
from other trust, pledge, lien, claim, or encumbrances and (b) on the undertaking hereby given by the Borrower, that
the Borrower will not create a further mortgage or any charge upon the hypothecated premises during the currency
of the said Cash Credit Account.
17. If the Borrower shall fail to carry out and perform any of his obligations under these presents or in the event of
any damage occurring to the hypothecated premises from any cause whatsoever or if any event shall happen or is
believed by the bank to have happened so as in the opinion of the Bank to impair the security hereby created or the
credit of the Borrower, or if the Bank shall be of opinion that the security hereby created is otherwise imperilled (as
to all or any of which matters the opinion of the Bank shall be conclusive) it shall be lawful for the Bank, its Agents
and Nominees with a view to obtaining possession for and on behalf of the Bank at all times and without assigning
any reason and without any previous notice to the Borrower but at the Borrower's risk and expense and if so required
as Attorney for and in the name of the Borrower (but not so as to alter the character of the possession which shall be
the possession of the Bank) to enter any place where the hypothecated premises or any of them may be and take
charge and/or possession of all or any part of the hypothecated premises and the Borrower shall afford every facility
for placing and shall place the hypothecated premises and every part thereof as the Bank may require in the
exclusive possession of and the exclusive control of the Bank and in such manner that such possession and control
shall be apparent and indisputable. The Borrower shall on demand deliver to the Bank the keys of any place in
which any of the hypothecated premises may from time to time be stored. In default the Bank may take any
necessary steps to open and close the said place without any further notice. At any time after taking possession the
Bank may place the said Godown or godowns or other place or places of storage in charge of a clerk or clerks and/or
durwan or durwans who shall hold the possession of the hypothecated premises and the Borrower shall pay regularly

on or before the first of every month the monthly salaries of such clerks and durwans who may be placed by the
Bank in charge of the said Godown or godowns or other places of storage to hold possession for and on behalf of the
Bank of hypothecated premises and the Borrower shall provide suitable lodgings in the compound of the said
Godown or godowns for such clerks and durwans and shall pay upon demand all the travelling, board and housing
accommodation cost and expenses of or in connection with the sending at any time of a representative or
representatives of the Bank to such place or places to inspect the said goods and the fees and expenses of an
appraiser or valuers. Any moneys payable by the Borrower (under this clause shall until payment by the Borrower)
be debited to the Borrower in the said Cash Credit Account and be payable accordingly and shall until payment be
treated as an advance secured by this agreement.
18. The Bank shall not in any way be liable or responsible for any loss, damage or depreciation which the
hypothecated premises may suffer or sustain on any account whatsoever while the same are in possession of the
Bank during the continuance of this agreement or thereafter and all such damage or depreciation shall be wholly on
account to the Borrower howsoever the same have been caused, nor shall the Bank be responsible for any shortage
resulting from theft or pilferage or otherwise however notwithstanding that the hypothecated premises may be in the
possession of or under the control of the Bank.
18. (a) It shall be lawful for the Bank at any time after taking possession of the hypothecated premises without
assigning any reason after 48 hours' notice to the Borrowers demanding payment (which the Borrower hereby agrees
to be reasonable notice) or at any time or times thereafter (without prejudice to the Bank's right of suit or any other
right against the Borrowers) to recover, receive, appoint Receivers of or remove and/or sell either by public auction
or private contract subject to such conditions as the Bank may deem fit or otherwise dispose of or deal with at any
time or times the hypothecated premises or any part or parts thereof and to enforce, realise, settle, compromise and
to deal with any rights or claims regarding any of the hypothecated premises without being bound to exercise any of
these powers or liable for any losses in the exercise or non-exercise thereof and notwithstanding there may be any
pending suit or other proceeding the Borrower undertakes to transfer and deliver to the Bank all relative contracts
securities, bazar chits, bills, notes, hundies and documents. The Borrower hereby agrees that the Bank shall be
entitled to admit, reject, refer to arbitration or compromise without consulting the Borrower any claims by any other
person to the hypothecated premises or any part thereof and that the Borrower shall be bound by the Bank's decision
and that any loss, damage or costs or expenses that may arise or be caused by such decision shall be at the risk and
on account of the Borrower.
b) The Bank shall apply the net proceeds of sale of the premises in satisfaction so far as the same shall extend of the
balance due to the Bank or so much thereof as shall remain unpaid including interest at the rate aforesaid until
payment and including all costs as between Attorney and Client charges and expenses incurred by the Bank on any
account whatsoever. If the net sum realised by such sale be insufficient to cover the balance due to the Bank, the
Borrowers shall be liable BRANCH hwith on production to the Borrower of an account to be prepared and signed as
provided in clause 18 (e) hereof (which shall be conclusive) to pay the balance appearing due to the Bank. Without
prejudice to such obligations of the Borrower the Bank shall be entitled (but shall not be bound) to apply any other
money or moneys in the hands of the Bank standing to the credit of or belonging to the Borrower (or if there be
more than one Borrower or if there be more than one partner in the Borrower firm then to the credit of or belonging
to any one or more of such persons) or any money which the Borrower (or which any one or more of them as the
case may be) may then or at any time thereafter be entitled to draw from the Bank under any Loan, Cash Credit,
Overdraft or other arrangement or goods the property of the Borrower (or any one or more of them as the case may
be) stored in the Bank's premises or godowns in or towards payment of the balance for the time being due to the
Bank. And in the event of such money or moneys being insufficient for the discharge in full of such balance, the
Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be prepared and signed as
in the clause 18 (e) hereinafter provided (which shall be conclusive) to pay any balance which may appear to be due
by the Borrower thereon PROVIDED ALWAYS that nothing herein contained shall be deemed to negate, qualify or
otherwise prejudicially affect the right of the Bank (which it is hereby expressly agreed the Bank shall have) to
recover from the Borrower the balance for the time being remaining due from the Borrower to the Bank upon the
said Cash Credit Account notwithstanding that all or any of the hypothecated premises may not have been realised.
c) In the event of there being a surplus available of the net proceeds of such sale after payment in full of the balance
due to the Bank it shall be lawful for the Bank to retain and apply the said surplus together with any other money or
moneys belonging to the Borrower for the time being in the hands of the Bank in or under whatever accounts as far
as the same shall extend against in or towards payment of liquidation of any and all other moneys which shall be or
may become due from the Borrower whether solely or jointly with any other person or persons, firm or company to
the Bank by way of loans, discounted bills, letters of credit, guarantees, charges or of any other debits or liability
including bills, notes, credits and other obligations current though not then due or payable or other demands legal or

equitable which the Bank may have against the Borrower or which the law of setoff or mutual credit would in any
case admit and whether the Borrower shall become or be adjudicated bankrupt or insolvent or be in liquidation or
otherwise with interest thereon from the date on which any and all advances in respect thereof shall have been made
at the rate or respective rate at which the same shall have been advanced.
d) If after the settlement of all claims of the Bank against the Borrower and surplus shall remain, the Bank shall pay
such surplus to the Borrower.
e) The Borrower agrees to accept without question in and out of Court as conclusive proof of the amount realized by
any such sale as aforesaid and of any sum claimed to be due from Borrower to the Bank under this Agreement and
of the costs and expenses incurred in connection therewith a statement a account made out from the papers and/or
Books of the Bank and signed by the Manager or the Agent or the Accountant or other duly authorised officer of the
Bank without the production of any other voucher, document or paper.
19. This agreement and the securities herein referred to shall be security for the payment by the Borrower of the
balance due to the Bank from time to time and also of the ultimate balance with interest and other charges / expenses
thereon to become payable on the said Cash Credit Account and the said Cash Credit Account is not to be
considered to be closed for the purpose of this security and the security is not to be considered exhausted by reason
of the said Cash Credit Account being brought to a credit by payments made into the said account at any time or
from time to time or its being drawn upon to the full extent of the said sum of Rupees
___________________________________________________
_______________________________________________________________ or its being reduced or extinguished
and afterward re-opened.
20. The Borrower shall duly and punctually pay, perform and observe all rents, rates, taxes, assessments and other
out goings whatsoever convenient and obligations which ought to be paid or observed or performed by the Borrower
in respect of the premises in which any of the hypothecated premises may from time to time be situated.
21. This Agreement is not to prejudice the rights or remedies of the Bank against the Borrower irrespective and
independent of this agreement in respect of any other advances made or to be made by the Bank to the Borrower.
The Borrower agrees that in the event of the Bank receiving intimation from the Reserve Bank of India of any
default by the Borrower in payment of any one or more installments of the loan and/or interest due and payable to
any financial institution/s from whom the Borrower has taken any advance or otherwise borrowed any moneys, the
Bank shall be entitled to stop any further operations by the Borrower in the said loan/cash credit account and the
Bank shall be at liberty to refuse to make any payment of any cheque/s drawn by the Borrower to the debit of such
account and the Borrower shall not hold the Bank responsible or liable in any manner by the reason of the Bank's
refusal to make payment of such cheque/s; and the Borrower further agrees that in the event of there being any fixed
deposit account, recurring deposit account, or any time deposit account with the Bank in the Borrower's name, the
Bank will be at liberty to withhold payment to the Borrower of the amount/s deposited with the Bank on the dates of
maturity thereof, and the Bank will be entitled in its sole discretion to appropriate the balance or proceeds of the
time deposit account/s on the due date/s or before maturity for any advance/s granted by the Bank to the Borrower or
remit the balance in the said loan/cash credit account or proceeds of time deposit/demand deposit account/s, as the
case may be, to any financial institution/s from whom the Borrower may have take advance or borrowed moneys
and has defaulted in making payment thereof or interest thereon as aforesaid.
22. Any notice in writing required to be served hereunder shall be sufficiently served if addressed to the Borrower at
his address registered in the Bank or in the event of no such address being registered at the last known place of
residence or business and left at such address or place or forwarded to him by post at the address or place aforesaid.
A notice sent by post shall be deemed to be given at the time when in due course of post it would be delivered at the
address to which it is sent, and in proving such notice when given by post it shall be sufficient to prove that the
envelope containing the notice was posted and a certificate signed by the Bank's local Manager or Agent or
Accountant or ot her authorised Officer that the envelope was so posted shall be conclusive. If for any reason the
Borrower cannot be given any such notice the same inserted once in any advertisement in a newspaper circulating in
the District of the Bank's office shall be deemed to have been effectually given and received on the day on which
such advertisement appears.
23. If the Borrower be more than one individual all shall be bound hereby jointly and severally and if the Borrower
shall be a firm such firm and all members from time to time thereof and all retiring members shall be bound hereby
notwithstanding any change in the constitution or style thereof and whether the firm shall consist of or be reduced to
one individual. No changes whatever that may take place in the constitution of the Borrower or Bank (whether by
amalgamation or otherwise) shall impair or discharge the liability of the Borrower hereunder. The Borrower (if a
firm) shall not however make any change in the firm without previous reference to the Bank.

24. The Borrower hereby agrees on demand by the Bank in that behalf to execute such documents in favour of the
Bank as may be necessary or advisable to hypothecate or further assure the hypothecated premises in favour of the
Bank.
25. The Borrower also agree that notwithstanding anything hereinbefore contained, the Bank shall not be bound to
allow or continue the Cash Credit Account to any extent or for any time other than the Bank shall in its absolute
discretion see fit to do.
IN WITNESS WHEREOF the Borrower has executed these presents the day and year above written.
-------------------------------------Schedule 'A'
Facility Details and Essential Terms and Conditions ( in brief)
Schedule 'B'
Details of Securities

LDOC 17(A) 17(A)

SUPPLEMENTAL INSTRUMENT OF HYPOTHECATION of STOCKS/GOODS
/STAMP AS ON AGREEMENT/
This Agreement is made at ____________ on the __________ day of _________________ between M/s
_______________________________ a company under the Companies Act, 1956 and having it Registered Office
at ___________________________________________________________________ (hereinafter called "the
borrower" which expression shall include wherever the context so admits its successors and assigns) of the ONE
PART
AND
BANK NAME XXXXX a body Corporate constituted by and under the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 and having its Head Office at Mandvi, Baroda and a branch amongst other
places at _____________________________________ (hereinafter called "BANK" which expression shall, unless
it be repugnant to the subject or context thereof, include its successors and assigns) of the SECOND PART.
WHEREAS by Agreement dated _________________ (hereinafter referred to as the "Principal Agreement" of
Hypothecation of stocks/goods) made between the borrower of the one part and BANK of the other part, the
borrower in consideration of the following facilities Nature of facility Limits
i)
ii)
iii)
iv)
v)
vi)
granted by BANK, hypothecated to and in favour of BANK by way of security all the
_____________________________________________________________________________________________
_________________________________________________________________________
_____________________________________________________________________________________________
____________________________________________________________________________________
(hereinafter for brevity's sake referred to as "the hypothecated premises") for the due repayment to BANK of the
outstanding balances in the above mentioned facilities together with interest, additional interest, further interest by
way of liquidated damages, compound interest commitment charges, guarantee etc. commission, premia on
prepayment, cost, expenses, charges and other monies payable by the borrower to BANK.
AND WHEREAS at the request of the borrower, BANK has agreed to continue/enhance/sanction fresh facilities as
mentioned below :
Nature of facility Limit (Rs)
i)

ii)
iii)
iv)
v)
vi)
Inter alia upon being secured by the hypothecated premises, viz. ___________________by further extending the
Principal Agreement dated _________ thus increasing the total borrowings of the borrower secured by the
hypothecated premises from Rs. _________ to Rs. ______ together with interest, additional interest, further interest
by way of liquidated damages, commitment charges, guarantee, etc. commission, premia on prepayment, costs,
charges, expenses and other monies payable by the borrower to BANK.
Now in consideration of the above it is hereby agreed as follows :
1) This deed is and shall be deemed to be supplemental to the Principal Agreement of hypothecation of stocks/
goods dated _______________ executed by the borrower in favour of BANK.
2) Subject to the terms and conditions contained in the Principal Agreement dated _____________ the charge
created over the hypothecated premises under the Principal Agreement dated _________ shall be further extended
and shall also be a continuing security to secure the following :
Nature of facility Limit (Rs.)
i)
ii)
iii)
iv)
v)
vi)
so that the aggregate amount secured by the Principal Agreement shall be Rs. _______________ (Rupees
____________________________ only) together with interest, additional interest, further interest by way of
liquidated damages, compound interest, commitment charges, guarantee, etc. commission, premia on prepayment,
costs, charges and expenses and other monies payable by the borrower to BANK and that the Principal Agreement
shall henceBRANCH h be read and construed to take effect in all respects as if the liabilities covered by the
Principal Agreement were for an aggregate amount of Rs. _________________ and we do hereby confirm in all
other respects the said Principal Agreement and as further modified/extended/ enlarged by these presents.
3) The borrower hereby further declares that save and except the above modification all the other terms and
conditions as contained in the Principal Agreement and the security created thereby over the hypothecated premises
by the borrower in favour of BANK shall continue to apply and subsist and be operative in respect of all the
advances made or to be made by BANK under the various credit facilities aggregating Rs. _________________ as
mentioned herein above and that the terms of the Principal Agreement dated ________ shall be construed and read
as part and parcel of these presents.
IN WITNESS WHEREOF THE COMMON SEAL of the borrower has been hereunto affixed the day and year first
herein above written.
The Common Seal of the within named borrower was pursuant to the resolution of its Board of Directors passed in
that behalf on the __________ day of __________ hereunto affixed in the presence of Mr.__________________
and Mr. _______________________ who have signed these presents in token thereof.
Note: 1. The Common Seal clause is to be suitably altered as required by the company's Articles of Association.
2. In all further supplemental agreements, references to earlier agreements should be made.
3. This draft may be adopted for other securities such as book debts and movable machinery.
4. In case of second supplemental Instrument of Hypothecation of Stocks/Goods please add the following
paragraph :
AND WHEREAS by a further agreement dated __________ (hereinafter referred to as the "First Supplemental
Agreement") made between the borrower of the one part and 'BANK' of the other part, the borrower in consideration
of the following further limits.
Nature of facility Limit (Rs.)
i)
ii)
iii)
iv)
v)
vi)

granted by BANK, hypothecated to and in favour of 'BANK' by way of further security the hypothecated premises
for the due repayment to 'BANK' of the outstanding balances in the above-mentioned facilities together with interest
at _______% over Prime lending Rate of the Bank per annum plus interest tax with monthly / quarterly/halfyearly/yearly rests and payable by borrower to BANK.

LDOC 17(B) 17(B)

COMPOSITE HYPOTHECATION AGREEMENT
/STAMP AS ON AGREEMENT & POWER OF ATTORNEY/
AN AGREEMENT made at ___________ on this _____________ day of ___________
_________between_____________________________________________________________________________
_______________________________________________________________
(hereinafter called "The Borrower") of the ONE PART and BANK NAME XXXXX a body corporate constituted
under the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 and having its Head office at
MANDAVI, BARODA, AND one of its branches at_______________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_ hereinafter called "The Bank") of the SECOND PART.
WHEREAS the Bank has at the request of the Borrower agreed to grant and/or continue to grant banking facilities or
accommodation to the Borrower by way of____________________________
_____________________________________________________________________________________________
_______________________________________________________________facilities (hereinafter collectively
referred to as "banking facilities" with an aggregate maximum limit of Rs.________________________ (Rupees
____________________________________) and the repayment of all monies including principal sums, interest,
interest tax, additional interest, further interest, penal interest, commission, costs, charges and expenses etc., payable
under or in respect of such facilities have been secured/agreed to be secured by various agreements and documents
executed by the Borrower from time to time in favour of the Bank AND WHEREAS one of the conditions stipulated
by the Bank is that the repayment of all monies under the banking facilities or accommodation or accounts shall
inter alia be secured by the Borrower by way of hypothecation of all the Borrower's Raw Materials, Stock-inprocess, Finished Goods and all the Book-Debts, Movable Plant and Machinery/Vehicles/Crafts,. Consumable
Stores and Spares, both present and future and on the terms and conditions set out in the Bank's sanction advice to

the company dated _______________ and/or monies payable and due to Bank in each of the accounts of the
Borrower with the Bank. (as set out in the First Schedule hereunder written)
NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED AND DECLARED AS FOLLOWS :
1. Subject to the terms and conditions contained in these presents the Bank has granted or agreed to its discretion to
grant or continue to grant to the Borrower at _____________ or at any of its branches in India banking facilities or
accommodation to the Borrower as mentioned in the sanction advice set out in First Schedule hereto and/or
outstanding and due to the Bank in each of the accounts of the Borrower upto an aggregate maximum limit of Rs.
_____________________
(Rupees_______________________________________________________________________________________
_______________).
2. The Borrower hereby agrees and undertakes that the amount/amounts advanced or to be advanced by the Bank
will not be used for any purpose other than for which it has been sanctioned/advanced. It is distinctly understood by
the Borrower that the Borrower is hereby expressly prohibited from using the amount advanced and/or to be
advanced of any part thereof for any purpose other than for which it has been advanced/sanctioned and that if the
Bank apprehends or has any reason to believe, the Bank's decision in this regard being final, that the Borrower has
violated or is violating or is likely to violate this condition it shall be lawful for the Bank and the Bank shall have a
right to recall the entire balance due under all, any and/or each of the facilities or accommodations then outstanding
or any part thereof BRANCH hwith notwithstanding anything to the contrary contained herein or in any other
document or letter of sanction or terms and conditions and without prejudice to any of the rights of the Bank
hereunder or under any law, rule or regulations to initiate appropriate Civil and/or criminal action/s against the
Borrower. The Borrower further agrees that on such demand, the Borrower shall BRANCH hwith pay the amount/s
due together with interest, interest tax, further interest, additional interest, penal interest, commission fees, cost,
charges and expenses incurred or to be incurred by the Bank till date of payment. The Bank shall have an absolute
discretion to determine what amount/s within the aforesaid limit it will advance and/or allow to be outstanding from
time to time in the respective separate account opened/to be opened by it and the Bank shall be at liberty to refuse to
allow further drawings or advances or to make available any facility at any time without previous notice to the
Borrower and without assigning any reasons therefore.
3. The Bank may at the request of the Borrower vary or diversify the facilities allowed by it to the Borrower but so,
however, that the overall limit of the principal amount at any time outstanding shall not exceed the aggregate
maximum limit secured hereunder and this will not in any way affect or prejudice the security by way of
hypothecation created by this deed. The facilities and their limits so varied/diversified from time to time during the
tenure of this security shall be deemed to be the facilities/limits secured under these presents.
4.1 Subject to clause 4.4 below the Borrower shall pay interest/commission to the Bank in respect of the said
banking facilities from time to time on the outstanding in their respective banking facility accounts at the respective
rate/s as contained in the sanction advices forming part of First Schedule hereunder written PROVIDED
HOWEVER the Bank shall at any time or from time to time be entitled to change or vary the rate of
interest/commission in respect of any one or every facility or accommodation. Notice of variation of rate of interest
from time to time as per the directions of the Reserve Bank of India/or as per Prime Lending Rate fixed by the Bank
or the Head Office of the Bank is waived. Such variation in the rate notified in the notice board in the Bank premises
shall be sufficient notice to us and I/We agree to pay interest at the rate notified in the notice board from time to time
until all dues are cleared in full. Provided further that the interest/commission payable by the Borrower shall be
subject to the change in prime lending rate of the Bank from time to time as determined and/or interest/commission
that may be levied/prescribed by the Bank and/or RBI from time to time, and this document shall be construed as if
such revised rate/s of interest/commission were already mentioned in the said Schedule and agreed to be paid by the
Borrower and hereby secured. The Bank shall be entitled to demand payment of interest for the time being due or
other amounts payable by the Borrower under these presents without at the same time demanding payment of the
balance due to the Bank exclusive of such interest or other amounts.
4.2 Interest payable at the rate/s aforesaid shall be calculated on the daily debit balance in the cash credit and other
banking facility/account(s) and charged accordingly in the said account(s) on the last working day of each month or
quarter or half-year as the bank may decide.
4.3 Without prejudice to the generality of the foregoing the bank shall also be entitled to charge at its own discretion
and the borrower shall be liable to pay and hereby agrees to pay additional/enhanced rate of interest on the said
banking facility account(s) either on the entire outstanding or a portion thereof as the Bank may fix for any
irregularity, non-compliance, of/by the Borrower or any breach of the terms and conditions hereof or of those set out
under sanction advice and for such period as such irregularity or breach continues or for such time as the Bank may
deem it necessary, regard being had to the nature of the irregularity or breach. Provided that the charging and

payment of such additional interest/enhanced rate of interest shall be without prejudice to the other rights or
remedies of the Bank either hereunder or under any law, rules or regulations to proceed with or exercised by the
Bank for such irregularity or breach against the Borrower and or the security hereby created, and it is hereby agreed
by the Borrower that the provision herein contained for payment of higher rate of interest shall not entitle or be
deemed or construed to authorise the Borrower to delay or postpone payment of the monies hereunder or any part
thereof and/or interest on their respective due dates.
4.4 In the event of the Borrower not paying any amount due on account of interest, fees, costs, charges and expenses
payable from time to time under these presents the Bank shall be at its discretion entitled to debit or charge such
interest amount(s) to any of the banking facility account(s) namely the Overdraft Account, Cash Credit Account,
Current Account or any other account of the Borrower. Any amount (s) so debited to the overdraft account, cash
credit account, current account or any other account of the Borrower with the Bank shall form part of the account (s)
to which such amount (s) is/are debited and shall carry interest at the rate or rates in force at the relevant time
applicable to the account (s) to which the amount (s) is/are so debited.
4.5 The Borrower agrees to pay and shall pay to the Bank commission, fees on the bills of exchange accepted
/agreed to be accepted / discounted within the specified limits and the guarantees issued/agreed to be issued and
deposit/keep deposited with the Bank margin money at such rate or rates as the Bank may specify from time to time
by notice in writing to the Borrower and the rate/s so specified shall be deemed to be the rate/s expressly agreed to
by the Borrower and as if mentioned in these presents and the security hereby created shall be deemed to be
securities created for securing such bills of exchange from time to time within the specified limit as mentioned in the
sanction advice.
5. The Borrower shall on demand pay at ______________ to the Bank, all monies including principal sums, interest,
interest tax, additional interest, further interest, penal interest, commitment charges, commission, fees costs, charges,
expenses and other monies whatsoever due, owing or payable by the Borrower in respect of or in any wise
concerning or relating to the banking facility/facilities granted/agreed to be granted/continued by the Bank to the
Borrower as aforesaid including those incurred by the Bank for the preservation, protection, defence and perfection
of the security hereby created or for attempted or actual realisation or enforcement thereof with interest as provided
under these presents, all of which monies including principal sums, interest, interest tax, additional interest, further
interest, penal interest, commitment charges, commission, costs, charges, expenses and other monies whatsoever at
any time and from time to time due to the Bank, whether debited to the account(s) or not, are hereinafter collectively
referred to as "the balance due to the Bank" which expression shall, wherever the context so admits include any of
them or any part thereof.
6. In consideration of the Bank having granted/agreed to grant/continue to grant banking facilities or
accommodation to the Borrower upto an aggregate maximum limit of Rs. _______
(Rupees_______________________________________________________________________________________
___________________________________________________)as aforesaid, the Borrower hereby hypothecates to
and charges in favour of the Bank.
a) All its stocks of raw materials, semifinished and finished goods, both present and future, and more particularly
described in Item I of the Second Schedule hereunder written.
b) All the present and future book-debts, out standing Monies, receivables, claims, bills, choses in action, contracts,
engagements and securities of the Borrower and more particularly described in Item II of the Second Schedule
hereunder written.
c) The specific items of movable machinery/vehicles/crafts etc. as more particularly described in Items IV of the
Second Schedule hereunder written to secure the Cash Credit/Loan/s/Deferred Payment Guarantee/s facility
granted/agreed to be granted by the Bank to the Borrower.
d) Subject to the exclusive/prior charge created/agreed to be created on the specific items of movable
machinery/vehicles/crafts in respect of the Cash Credit/Loan/s/Deferred Payment Guarantee/s facility sanctioned
to/availed by the Borrower with the consent of the Bank (details of which specific movable
machinery/vehicles/crafts the Borrower hereby undertake to provide to the Bank), all the movable
machinery/vehicles/crafts of the Borrower, both present and future, and more particularly described in Item III of the
Second Schedule hereunder written. (All of which Stocks, Book-Debts, Movable Machinery/Vehicles/Crafts of the
Borrower are hereinafter collectively referred to as "the Hypothecated Premises") as security by way of first charge
for due payment on demand of the balance due to the Bank in respect of account/accounts of the
facilities/accommodations granted to the Borrower by the Bank as aforesaid.
7.1 The Borrower shall at all times during the continuance of this security keep and maintain such margin of security
in favour of the Bank (hereinafter called "the said margin") as mentioned in the First Schedule hereto or such other

percentage(s) as the Bank may from time to time determine of the cost or market value (Market value as found by
the Bank) whichever is lower of the Hypothecated Premises or part thereof.
7.2 The Bank shall be entitled to and shall be at liberty to change from time to time the said margine(s) and the
Borrower shall be bound by such change.
7.3 The Borrower will at all times maintain a sufficient quantity of the assets constituting Hypothecated Premises to
provide the necessary margin(s) on security as specified herein and as may be required by the Bank from time to
time and will BRANCH hwith, whenever necessary, provide further assets approved by the Bank to restore such
margin(s) or reduce the amount for the time being due to the Bank by cash payment so as to maintain the said
margin(s).
7.4 Except for the purpose of sale or dealing in the ordinary course of business the Borrower shall not, so long as
any monies remain due to the Bank, except with the prior approval in writing of the Bank and subject to the margin
of security required by the Bank being fully maintained, remove or cause to be removed any of the Hypothecated
Premises or divert or dispose of or cause or permit any of the Hypothecated Premises in transit to be diverted or
disposed of or otherwise deal with any of the Hypothecated Premises and that the realisation/proceeds of sale of any
of the Hypothecated Premises as soon as received shall be paid over to/appropriated by the Bank in satisfaction of
the balance due and owing on the said facility/accounts or any of them as hereinafter provided but not to any other
party without the prior written consent of the Bank and till then all sale proceeds and realisations howsoever in
respect of the Hypothecated Premises shall be held by the Borrower in trust for the Bank as the Bank's exclusive
property for appropriation to the said facility/accommodation of account(s) PROVIDED that the Borrower shall not
make any sale of or recover, transfer, assign, dispose of or deal with any of the Hypothecated Premises upon being
prohibited in writing by the bank from doing so.
8.1 The Borrower shall whenever and as often as required by the Bank furnish to the Bank full particulars of all the
assets of the Borrower and of the Hypothecated Premises and shall allow the Bank or its authorised agents to take
inspection thereof and of all records, books and vouchers pertaining thereto and will produce such evidence as the
Bank may require as to the cost and value of the said assets and/or the Hypothecated Premises. The Borrower shall
display sign board/s with words "Hypothecated to BANK NAME XXXXX" inscribed thereon, at the place/s where
the Hypothecated Premises or any part thereof may be lying or be stored by the Borrower for the time being from
time to time.
8.2 The Borrower shall value the Hypothecated Premises at the appropriate rates whether fixed by the Bank or not
and shall not over value the same. In any case, the Bank shall be at liberty from time to time and at any time to have
any of the Hypothecated Premises inspected and valued by an appraiser or valuer appointed by the Bank which
value shall be conclusive and binding on the Borrower both in and out or court.
8.3 The fees, costs, charges and expenses of such inspection, appraisal or valuation (the Bank's statement in regard
thereto being conclusive) shall be borne and paid by the Borrower to the Bank on demand and shall if not so paid, be
debited by the Bank to any of the said banking facility account(s) namely Cash Credit, loan,overdraft or current
account/s or any other account of the Borrower with the Bank and shall form part of the monies hereby secured.
9.1 The Hypothecated Premises shall be kept at the Borrower's risks and expenses and the Borrower shall at its own
expenses during the continuance of this security keep the Hypothecated Premises in good and marketable condition
and in proper working order and shall likewise at its own expense insure and keep insured in the name of the Bank
the hypothecated Premises against loss or damage by fire, theft, Pilferage, robbery, riot civil commotion,
earthquakes, malicious damages and all such other risks as the Bank shall require for the full market/replacement
value thereof by an insurance company or companies approved by the Bank and shall deliver the policies of
insurance to the Bank and shall likewise deliver receipts for the last premium paid for every such policy of insurance
and if in the name of the borrower, the borrower shall assign and deliver to the Bank every such policy of insurance
and shall pay to the Bank all proceeds of any policy received by the Borrower during the continuance of this security
and shall renew, keep in force and maintain such insurance throughout the continuance of this security and deliver to
the Bank the renewal receipts and policies. In default the bank may (but shall not be bound to) effect or renew such
insurance. Any premium paid by the Bank and any such costs, charges and expenses incurred by the Bank shall be
repaid by the Borrower on demand BRANCH hwith and shall until repayment with interest at the rate aforesaid, be a
charge on the Hypothected Premises. The Bank shall be entitled without prejudice to all their other rights and
powers to debit the amount of such premium, costs, charges and expenses to any of the banking facility or
account(s) namely the Cash Credit/Overdraft or any other account(s) of the Borrower in such manner as the Bank
deems fit. All sums received under such insurance shall be applied in or towards liquidation of the amount for the
time being due to the Bank as provided therein.
9.2 The Bank shall be entitled to adjust, settle and compromise in any manner whatsoever, including by reference to
arbitration, at the Borrower's cost any dispute arising under or in connection with any such policy of insurance and

such adjustment, settlement, compromise and any award made or decision given in such arbitration or otherwise
shall be valid and binding on the Borrower and the Bank shall also be entitled to all monies payable under any such
insurance or under any claim made thereunder and to issue a valid receipt therefore and that the amounts so received
shall be credited to any of the banking facility account(s) namely the Cash Credit/Overdraft/Current or any other
account(s) of the Borrower and that the Borrower will not raise any dispute that a larger sum might or ought to have
been received or be entitled to raise any dispute for the balance in any of the said accounts after such credit,
provided that the Bank may at its own discretion waive any of the requirements as to insurance, to such extent and in
such manner as it may deem fit.
9.3 The Borrower shall pay all rents, rates, taxes, payments and out goings in respect of any immovable property in
or upon which the Hypothecated Premises or any part thereof may for the time being be lying and shall keep such
property insured against loss or damage by fire and shall also insure the same against such other risks as the Bank
shall require and shall produce the policies of insurance to the Bank whenever required by it.
10.1 The Borrower shall make best endeavours to obtain payment of all the debts and assets forming part of the
Hypothecated Premises as and when the same shall become payable and pay all such sums when the same shall
become payable and pay all such sums when received into any of the banking facility account(s) namely Cash
Credit/Overdraft or any other account(s) with the Bank. Further, the Borrower shall not, except in the ordinary
course of business, receive, release or compound any of the said debts and assets without the consent in writing of
the Bank and will not do anything whereby the recovery thereof may be impeded, delayed, prejudiced, prevented or
becomes time barred.
10.2 The Borrower shall keep proper books of accounts of the business and carefully keep and preserve all the
documents, papers and vouchers in connection with or relating to or which prove or are likely to prove the debts
forming part of the Hypothecated Premises or any part thereof and will at any time when required produce such
books, documents, papers and vouchers for the inspection of the Bank and its officers and agents and allow them or
it or him access thereto and to make copies of or extracts from the same.
10.3 Save and except as herein specifically provided for, the Borrower shall not create any further or any additional
change on this hypothecated premises without the written consent of the Bank first had and obtained.
11.1 If the Borrower shall fail to pay on demand any money which ought to be paid by it hereunder or shall commit
any breach of any agreement or declaration on their part herein contained or shall fail to observe or perform any of
the terms and conditions or covenants herein contained or if any circumstance shall occur, which in the sole
judgment of the Bank, is prejudicial to or imperils the security or if any distress or execution is levied or enforced
against any property or assets whatsoever of the Borrower or if any person, firm or company shall take any steps
towards appointment of a Receiver of any property or assets whatsoever of the Borrower or if such Receiver is
appointed or if any person, firm or company shall apply for or obtain an order for the winding up of the Borrower or
if any person, firm or company shall apply for or obtain an order for the winding up of the borrower or if any such
order is made or if any step is taken by any person towards passing any resolution to wind up the Borrower's
company or if any such resolution shall be passed or if the Borrower shall cease to carry on business or to conduct
its business to the satisfaction of the Bank or if any person firm or company shall take any steps for adjudication of
the Borrower as insolvent or if any such adjudication is made then and in any such case, it shall be lawful for the
Bank through any of its officers/agents to enter into or upon the factory or any Godown jatha or any of the place/s of
storage of the Borrower where any of the Hypothecated Premises may be lying or stored or kept and to inspect,
value, insure and/or to take charge of and/or to seize, recover, receive, appoint Receivers and/or take possession of
all or any of the Hypothecated Premises and the books of account and other documents relating to the debts and
assets forming part of the Hypothecated Premises inter-alia by putting its locks on godowns and other premises
where the said goods or account books and other documents relating to the debts and assets forming part of the
Hypothecated Premises are lying or kept and thereupon either BRANCH hwith or at any time and from time to time
and without any notice either by public auction or tender or private contract or tender, sell and dispose of all or any
part of the Hypothecated Premises in such manner as the Bank shall think fit and also to give notices of demand to
the Borrower's debtors and third parties liable therefor sue for, recover, receive and give effectual receipt for the
same and sell and realise by public auction or private contract and transfer, assign or otherwise dispose of or deal
with all or any part of the Hypothecated Premises. Without prejudice to the foregoing powers, if necessary, the Bank
shall at the Borrower's risk and expenses be entitled to act either as attorney for and on behalf of and in the name of
the Borrower or otherwise as the Bank may deem fit (the Borrower hereby appointing the Bank as its attorney). The
Bank shall be entitled to deduct and appropriate from the proceeds realised as aforesaid all expenses in connection
with the exercise of the aforesaid powers and to appropriate the net proceeds towards the balance due to the Bank in
any of the account(s) pertaining to the banking facilities.

11.2 The Company irrevocably appoints the Bank to be the Attorney of the Company and in the name and on behalf
of the Company to execute and to do any assurances and things which the Company ought to execute and do under
the covenants herein contained and generally to use the name and seal of the Company in the exercise of all or any
of the powers hereby conferred on the Bank or any Receiver appointed by the Bank.
11.3 The Bank shall also be at liberty to enforce, realise, recover, settle, compromise, refer to arbitration and for the
purpose deal in any manner with any rights or claims which may be set up in respect of the Hypothecated Premises,
to complete any engagements and carry on the business of the Borrower through agents, managers nominees or
otherwise without being bound to exercise these powers. The Bank shall not be liable in the event of the exercise of
any of the aforesaid powers for any involuntary loss which may occur in or arise from such exercise and such
exercise shall be without prejudice to any other rights and remedies and notwithstanding any pending suit or other
proceedings relating to the Hypothecated Premises. Notwithstanding that there may be any pending suit or other
proceedings, the Borrower hereby undertakes to transfer and deliver to the Bank all relative contracts, securities,
bazaar chits, bills, notes, hundies and documents. The borrower shall accept the Bank's account of sales and
realisation as conclusive and shall BRANCH hwith pay to the bank on demand any shortfall or deficiency thereby
shown. And if the net sum realised by such sales is not sufficient to pay the amounts secured, the Bank shall be at
liberty to apply any other money or monies in the hands of the Bank standing to the credit of or belonging to the
Borrower in or towards the payment of the balance due to it, AND in the event of there being still some deficiency,
the Borrower shall BRANCH hwith pay/make good such deficiency provided that nothing herein contained shall in
any manner prejudice or affect the rights and remedies of the Bank against the Borrower.
11.4 The Borrower shall not be in any way concerned with the proportion in which any monies realised and
applicable under these presents are appropriated towards the balance due to the Bank and shall not have any claim
whatsoever against the Bank in relation to any act or thing done, omitted, permitted or suffered by the Bank in
regard to the appropriation of any money applicable as herein provided.
11.5 As and when the Bank seeks to enforce the securities and take possession of the Hypothecated Premises
hereunder the Borrower shall comply with all such directions as may be given by the Bank and afford every facility
for placing and keeping the Bank in exclusive possession, custody and control of the Hypothecated Premises, and
the books of account and other documents relating to the books of account and other documents relating to the debts
and assets forming part of the Hypothecated Premises, in such manner that such possession, custody and control
shall be apparent and indisputable. It is hereby further agreed that if and when the Bank exercises its right to demand
payment of the monies due to it or take possession or assignment of the Hypothecated Premises and the books of
accounts and other documents relating to the said debts and assets, the Borrower until actual delivery or assignment
thereof to the Bank shall be deemed to be in possession of the same as agent of the Bank but entirely at the risk and
costs of the Borrower. Provided always and it is expressly agreed and declared that even after the Bank shall have
taken possession of the Hypothecated Premises and/or the books of accounts and other records, documents, etc.
relating to the said debts and assets in enforcement of the securities or the Bank has got appointed or caused to have
appointed a Receiver thereof or shall have taken any other action in exercise of the powers or any of them hereby
conferred on the Bank, the Bank shall be entitled to store the said goods and the books of accounts and other
records, documents, etc. relating to the said debts and assets in the Borrower's premises where they may be lying
until the full and complete enforcement and realisation of the security and the Borrower shall be liable to and shall
bear and pay on demand the cost of storing the Hypothecated Premises and the books of accounts, records,
documents, etc. relating to the said debts and assets in such premises including the rent or compensation payable for
such premises and the salary and remuneration of watchman and other personnel that may be engaged for security,
preservation and handling of the Hypothecated Premises and the books of accounts and other records, documents,
etc. relating to the said debts and assets. It is agreed that the Borrower shall not until realisation of the security
created in favour of the Bank adversely deal with such premises belonging to or occupied by the Borrower not the
Borrower's right thereto. The Bank shall also be entitled to hire or acquire storage space in any other premises and to
engage watchman and other personnel as aforesaid and the Borrower shall pay the rent or compensation payable for
or in respect of such other premises and salary of watchmen and other staff on demand to the Bank and in default the
Bank may pay the same but until repayment by the Borrower of such rent or compensation and other monies to the
Bank the same with interest thereon at the rate provided for shall be charged upon the Hypothecated Premises.
11.6 Among such directions as aforesaid, the Bank may without incurring any responsibility for the consequence
provide for the following :
a) that the Hypothecated Premises shall be stored in such Godown or other places of storage and the books of
accounts or other records be kept and maintained at such place/s as the Bank shall direct;

b) that the register(s) shall be kept of the Hypothecated Premises brought in or removed from any Godown or other
place of storage. Such register(s) shall be open for inspection to the Bank at all times and shall always be considered
to be the property charged to the Bank;
c) For the placing of private identification marks/numbers of the Bank on any of the Hypothecated Premises stored
in any such Godown or other place/s of storage.
11.7 From and after the Bank shall have taken possession the Hypothecated Premises or any part thereof and/or the
books of accounts and other records, documents, etc. relating to the debts and assets shall not be removed from the
said Godown/s or other place/s of storage except on production of delivery order(s) signed by the Bank or any of its
officials authorised in this behalf.
11.8 From and after the Bank shall have taken possession, the Borrower shall be solely responsible in all respects
and the Bank shall not in any way be responsible for or in respect of the quantity, quality or condition or final turnout or for loss, destruction or deterioration of the Hypothecated Premises, books of accounts, vouchers, papers and
other records relating to the debts and assets or damage thereto occasioned by theft, pilferage, robbery, fire, riot,
strikes, civil commotion or otherwise howsoever whatever may be the circumstances or the reasons under or for
which such loss, destruction, deterioration, or damage may arise including any act, omission, negligence or default
of the Bank or any of their servants or agents.
11.9 The Borrower shall accept without question the accounts of such sale or sales or other transactions signed by
any agent or other authorised officer of the Bank as sufficient proof of the amount realised or due under the sale or
sales or transactions and the costs, charges and expenses incurred in connection therewith.
11.10 The Bank shall have all other power incidental to and necessary for the realisation of its security under these
presents
11.11 On the sale by private contract or public auction under the provisions of sub-clause (1) hereof, the Bank shall
be entitled to charge and retain as part of the costs, charges, and expenses incurred in connection therewith such
commission as the Bank shall in its sole discretion fix and shall not be liable to account for the same to the
Borrower. Such commission shall be in addition to any brokerage or out goings payable in respect of any such sale.
If the sale proceeds are not sufficient to pay the amount of such commission the Borrower shall pay the same
BRANCH hwith to the Bank on demand.
11.12 The Borrower shall indemnify and always keep indemnified the Bank against all losses, damages, claims,
demands, charges and expenses in respect of the Hypothecated Premises sustained by or made against the Bank.
12. In case the Bank does not consider it necessary or desirable for any reason either to exercise any authority or
power hereby exercisable by the Bank and/or to take action in pursuance of the foregoing clause 11 or in the event
of its not exercising such power or authority or to take any action in pursuance of that clause, the Bank shall so far
as regards the Borrowers be at liberty to exercise any power or authority exercisable hereunder by the Bank
including to file any suits or legal proceedings for recovery of its dues from the Borrower and to take steps to realise
or enforce the security hereby created in favour of the Bank either by sale or otherwise and either through the
intervention of the court or by appointing a receiver or in any other manner howsoever as it thinks fit and may close
the said account (s) with it relating to the banking facilities.
13. All monies resulting from the enforcement and/or realisation of the securities, i.e. Hypothecated Premises or any
part or portion thereof or otherwise, howsoever, and the amounts realised under any policy or policies of insurance
or any compensation monies for acquisition or requisition of the securities or any of them on any part thereof or any
other realisation from the said securities either by enforcement or otherwise and whether the same is received or
realised by the Bank directly or by any Receiver appointed in any suit filed by it shall be applied with all convenient
dispatch in the manner hereinafter provided.
Firstly :
There shall be paid out of such monies or provision made thereout for all costs, commission, charges and expenses
paid or incurred and to be paid or incurred by the Bank and/or any Receiver, agent or manager for or incidental to
the enforcement of the said securities or realisation or receipt of such monies.
Secondly :
The balance shall be applied in liquidation of the respective amounts due for interest, interest tax, additional interest,
further interest, penal interest due to the Bank in the said account (s) in respect of the banking facilities.
Thirdly :
(i) In the event of the monies available being sufficient to pay the principal monies due to the Bank then the same
shall be applied towards payment of the principal monies in respect of the facilities given and/or continued, in full
PROVIDED THAT an amount equivalent to the monies that may become payable to the Bank in respect of any
contingent liability or liabilities under any facility or facilities given under these presents and secured by the security
created hereunder shall be kept aside by the Bank in a separate account to be opened with the Bank and shall be

appropriated towards reimbursement to the Bank in the event of the said contingent liability/ies arising or becoming
due and payable and are paid by the Bank.
(ii) In the event of the said contingent liability or liabilities not arising or becoming due and payable the amount
allocable to liability or liabilities which is/are not required to be paid by the Bank shall be treated as part of the
surplus realisation from the hypothecated security;. The surplus realisation, if any, from the hypothecated security
including any surplus becoming available on account of any contingent liability or liabilities not arising or becoming
due and payable as aforesaid shall be applied for repayment to the Bank of all other debts and liabilities of the
Borrower due and payable to the Bank on any other account or accounts whatsoever whether actually or
contingently, alone or jointly with other/s and whether as principal or surety.
(iii) In the event of monies so available being insufficient to pay to the Bank all the monies due to it as provided in
(i) above the Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be prepared
and signed as provided herein (which shall be conclusive) to pay the balance appearing due to the Bank. Without
prejudice to the obligation of the Borrower, the Bank shall be entitled (but shall not be bound) to apply any other
money or monies in the hands of the Bank standing to the credit of or belonging to the Borrower towards
satisfaction of the balance then remaining due to the Bank.
Provided however, that in respect of monies due in cash credit account, or accounts of the Borrower, the principal
sum shall be treated inclusive of interest accumulated and applied to such account and amount due at the foot of the
account without any distinction thereof from principal as per prevailing Banking practice.
14. Pending seizure and/or taking possession of by the Bank. all the Hypothecated Premises and all proceeds of sale
of other realisations and proceeds of insurance thereof and all documents under this security shall always be kept
distinguishable and held as the exclusive property of the Bank specifically appropriated to the security to be dealt
with only under the directives of the Bank and the Borrower shall not without the prior written permission of the
Bank create any mortgage, charge, lien or encumbrance upon or over or affecting the same or any part thereof.
15.1 The Borrower shall promptly submit to the Bank particularly monthly or as often as may be required stock
statements and also statements of book-debts and particulars of other Hypothecated Premises together with the list
of current insurance policies and amounts insured verified by certificates of the Borrower or the Manager for the
time being of the Borrower that the quantities, amounts, value and marks stated in the statements are correct and that
all the tangible assets are fully covered by insurance and containing such other certificates and particulars as may be
specified by the Bank and will also furnish and verify all financial and other statements, reports, returns, certificates,
accounts, documents, particulars and information and such other periodical data as may be required by the Bank.
15.2 The Borrower will also execute all documents, transfers, assignments and endorsements and do all acts, deeds
and things which the Bank may require for vesting the Hypothecated Premises or any of them in favour of the Bank
and to render the same readily realisable or transferable by the Bank at any time and also for giving full effect to this
security.
15.3 The Borrower hereby irrevocably appoints the Bank to be attorney of and for and in the name of the Borrower
to do all such acts, deeds and things and execute all such documents, transfers, assignments, endorsements whatever
which the Borrower may be required by the Bank to do or execute under or in respect of this Agreement in the event
of the Borrower failing to do so within a week from the date of demand by the Bank for such purposes.
16. The security hereby created shall be a continuing security for the balance from time to time due to the Bank on
the said banking facilities and for all monies, indebtedness and liabilities hereby secured, and none of the accounts
in respect of the said banking facilities is to be considered to be closed for the purpose of this security and the
security is not to be considered exhausted by reason of the said accounts or any of them being brought to credit by
payment made into the said account(s) at any time or from time to time or of its/their being drawn upon to the full
extent or its/their being reduced or extinguished and afterwards reopened.
17. Subject to the provisions of clause 14 hereof, any general or special lien to which the Bank is or may be by law
or otherwise entitled or any rights or remedies of the Bank in respect of any present or future indebtedness or
liabilities or guarantee obligations of the Borrower to the Bank shall continue to be in force and effect and it shall be
open to the Bank to enforce or have recourse to such rights or remedies or securities without being bound to enforce
any security, rights or remedies under this agreement.
18. The Borrower hereby convenants with the Bank that all the Hypothecated Premises are the absolute property of
the Borrower at the sole disposal of the Borrower and free from any prior charge or encumbrance and that all future
stocks,debts, assets and properties that will be hyphothecated shall be likewise the unencumbered and absolute and
disposable property of the Borrower.
19. The Borrower shall carry on the entire banking transactions of its business through the Bank only wherever they
are having their office. Such banking business of the Borrower at other centres also shall, as far as practicable, be
placed with the Bank.

20. The Borrower shall at the beginning of each quarter in the calendar year advise the Bank the aggregate amount
that the Borrower proposes to draw from the Bank during the quarter and upon being advised by the Bank of its
commitment, the Borrower shall pay to the Bank any commitment charge that may be agreed upon from time to
time between the Borrower and the Bank. In default of such payment, the Bank may without prejudice to its rights
hereunder debit the amount of such commitment charge to any of the banking facility account (s) namely the cash
credit/overdraft or any other account(s) of the Borrower and the same shall thereupon form part of the moneys
hereby secured.
21. The Borrower has and shall continue to have the necessary powers to enter into this agreement and do all things
incidental thereto and the Bank shall not be bound to enquire into the powers of the Borrower and this security shall
not be affected by reason of absence or deficiency or excess or irregularity in the exercise of any powers of the
Borrower.
22. The officers or agents or nominees acting or purporting to act on behalf of the Borrower in this respect and
executing these documents have and shall continue to have the necessary powers from the Borrower and further that
the Bank shall not be bound to enquire into the powers of any officer or agent acting or purporting to act on behalf
of the Borrower and this security shall not be affected by reason of absence or deficiency or excess or irregularity in
the exercise of any powers of any such officers or agents aforesaid.
23. Any delay in exercising or omission to exercise any right, power or remedy exercisable by the Bank under these
presents shall not impair any such right, power or remedy or be construed to be an acquiescence in any default, nor
shall the action of the Bank in respect of such default or any acquiescene affect or impair any right, power or remedy
of the Bank in respect of any other or subsequent default.
24) This Agreement shall not prejudice the rights or remedies of the Bank against the Borrower irrespective and
independent of this agreement in respect of any other advances made or to be made by the Bank to the Borrower.
The Borrower agrees that in the event of the Bank receiving intimation from the Reserve Bank of India of any
default by the Borrower in payment of any one or more installments of the loan and /or interest due and payable to
any financial institution/s from whom the Borrower has taken any advance or otherwise borrowed any moneys, the
Bank shall be entitled to stop any further operations by the Borrower in the said banking facility account (s) and the
Bank shall be at liberty to refuse to make payment of cheque/s drawn by the Borrower to the debit of such account
(s) and the Borrower shall not hold the Bank responsible or liable in any manner by reason of the Bank's refusal to
make payment of such cheque/s and the Borrower further agrees that in the event of there being any fixed deposit
account, recurring deposit account or any time deposit account with the Bank in the Borrower's name, the Bank will
be at liberty to withhold payment to the Borrower of the amount/s deposited with the Bank on the date/s of maturity
thereof and the Bank will be entitled in its sole discretion to appropriate the balance or proceeds of such deposit
account/s on or before maturity and towards any advance/s granted by the Bank to the borrower or remit the balance
in any of the said facility accounts or the proceeds of such deposit accounts as the case may be, to any financial
institution/s from whom the Borrower may have taken advance or borrowed monies and has defaulted in making
payment thereof or interest thereon as aforesaid.
25. Any demand or notice to be made or given on or to any party hereto may be made or given by leaving the same
at or posting the same by registered post in an envelope addressed to such party at its Registered Office or Head
Office or Local Head Office as the case may be and every such demand or notice shall be deemed to be received at
the time at which it is left or at the time at which it would have been delivered in the ordinary course of post at the
Registered/Head/Local Head Office in question.
26. The Borrower shall pay on demand to the Bank the costs between attorney/advocate and client incurred by it in
connection with the preparation, engrossment and stamping and execution of this Agreement and of any guarantee
or other security executed contemporaneously herewith in connection with the advance hereby secured and of the
registration of this security with any authority pursuant to any provision of law and all other costs (between
attorney/advocate and client) incurred/to be incurred by the Bank in connection herewith or with the enforcement or
realisation of the security or attempted enforcement or realisation of the security hereby created or the protection or
defence or perfection thereof or for the recovery of any monies hereby secured and of all suits and proceedings of
whatsoever nature for enforcement or realisation of the security hereby created or the recovery of such monies or
otherwise in connection herewith or in which the Bank may be joined as party or otherwise involved by reason of
the existence of the security hereby created.
27. If the Borrower be more than one individual, all shall be bound hereby jointly and severally and if the borrower
be a firm such firm and all members from time to time thereof and all retiring members shall be bound hereby
notwithstanding any change in the constitution or style thereof and whether the firm shall consist of or be reduced to
one individual. No changes whatever that may take place in the constitution of the Borrower or the Bank (whether

by amalgamation or otherwise) shall impair or discharge the liability of the Borrower hereunder. The Borrower, if a
firm shall not, however, make any change in the firm without previous reference to the Bank.
28. It is hereby further agreed by the Borrower that the sanctioning letter/s issued by the Bank sanctioning the
banking facilities shall always be deemed to form part of these presents and be deemed to be incorporated herein
provided that in the event of any conflict between such sanction letter/s and these presents the provisions of this
agreement shall prevail and take precedence.
In witness whereof the Borrower has set and subscribed its hand/affixed its seal hereto on the day and the year first
herein above written.
FIRST SCHEDULE
Nature of Limit Rate of Int./ Security Margin of
Banking Commission stipulated security
facility
___________________________________________________________________
SECOND SCHEDULE
I. The whole of the Borrower's stocks, both present and future and including but without prejudice to the generality
of the foregoing words, all stocks of raw materials, work-in-process, semi-finished goods and finished goods such
as........................................................................ ..............................................................................................................
........................................ ..................................................................................................................................................
.... ..................................................................... packing materials and stores etc. whatsoever and wheresoever situate
and/or in transit whether now belonging to or that may at any time during the continuance of this security belong to
the Borrower or that may be held by any party anywhere to the order and disposition of the Borrower.
II. All the present and future book-debts, outstanding, monies receivable, claims, bills, contracts, engagements and
securities which are now due and owing or which may at anytime hereafter during the continuance of this security
become due and owing to the Borrower in the course of its business by any person, firm, company or body corporate
or by the Government of India or any State Government or Indian Railways or any Government Department or
Office or any Municipal or Local or Public or Semi-Government body or authority whatsoever including those
relating to the assets leased out and/or given on hire purchased basis.
III. All the tangible movable machinery and plant and cranes, boats and crafts and the vehicles of the Borrower
together with spares, tools and accessories and other movables, both present and future, and the furniture, fixtures
and fittings and office equipment whether installed or not and whether lying loose or in cases which are now lying
or stored in or about or shall be brought into or be stored or be in or upon or about the Borrower's premises and
godowns or wherever else the same may be or be held by any party to the order or disposition of the Borrower
(including those on lease or hire-purchase) relating or pertaining to the Borrower's works at__________________.
__________________________________________________________________________________

LDOC 17(C) 17(C)

SUPPLEMENTAL COMPOSITE INSTRUMENT OF HYPOTHECATION OF GOODS,
BOOK-DEBTS, MOVEABLE MACHINERY & vehicles
(to be obtained in case of enhancement of limit with
extension of Hypothecation charges)
/STAMP AS ON AGREEMENT/
This agreement made at ________________ on the ______________ day of __________ _____ between a company
incorporated under the Companies Act, 1956, having its registered office at (hereinafter referred to as "the
Borrowers" which expression shall whenever not repugnant to the context means and include its successors and
assignees) and BANK NAME XXXXX, a Body Corporate constituted under the Banking Companies (Acquisition
and Transfer of undertakings) Act, 1970, having its Head Office at Mandvi, Baroda, and one of its branches at
_______________ (hereinafter collectively called "the Bank" which expression shall wherever not repugnant to the
context or meaning thereof include its successors and assigns).
WHEREAS by the instrument of hypothecation of goods/book - debts/movable machinery/vehicles, all dated
________________, made between the Borrower of the ONE PART and the Bank of the OTHER PART. The
Borrower in consideration of the following facilities, viz.,
Nature of facility Limit (Rs.)
i)
ii)
iii)
iv)
v)
vi)
granted by the Bank to the Borrower, hypothecated to and in favour of the Bank as and by way of security for the
aforesaid facilities aggregating Rs. ____________ of the stocks of raw materials, stocks-in-process, finished goods,
consumable spares and packing materials, all the book-debts in respect of supplies made to various Govt.
Departments or limited companies etc. as evidenced by supply bills, receipted challans/receipted invoices deposited
with the bank from time to time and all the book - debts now owing to the borrower and also the book debts which
may at any time during the continuance of this security become owing to the borrower in the course of its business
by any person, firm, company or body corporate or by the Central Government or State or Indian Railways or any
Govt. Deptt/office or any Municipal or local or public/Semi Govt. Body or authority or any body corporate or
undertaking or project whatever in the public sector and all the moveable machinery of the Borrowers, including all
stocks and spare parts, both present and future, belonging to the Borrower being and lying in the Borrower's
premises or godowns of or rented by the Borrower or otherwise used in connection with the business of the
Borrower and all the vehicles (all the stocks, book-debts, machinery, and vehicles are hereinafter collectively
referred to as ":the Hypothecated Premises") for the due repayment to the Bank of the outstanding balance in the
abovementioned facilities together with interest, additional interest by way of liquidated damages, compound
interest, commitment charges, guarantee commission, commission for Letters of Credit, premia on pre-payment,
cost, charges, expenses and other monies payable by the Borrowers to the bank.
WHEREAS at the request of the borrower, bank has reviewed/increased the aforesaid facilities and have sanctioned
the following facilities to the borrower, viz,.
Nature of facility Limit (Rs.)
i)
ii)
iii)
iv)
v)
vi)

On the specific condition that the said increase of Rs. ____________ in ______ limit ________ and Rs.
_____________ in_______limit should be secured by way of extension of charge on the "hypothecated premises"
which the borrowers have agreed to do so in the manner hereinafter appearing.
Now in consideration of the above, it is hereby agreed by the Borrower with the bank as follows THIS AGREEMENT shall be supplemental to the principal hypothecation agreement of goods, principal
hypothecation agreement of book- debts, principal hypothecation agreement of movable machinery, and principal
Hypothecation of vehicles, all dated ________________.
The Borrower hereby agrees that the charge created on the hypothecated premises under the aforesaid principal
hypothecation agreements of goods, book - debts movable machineries and vehicles all dated
___________________ shall be further extended and shall also be a continuing security to secure the
further___________limit of Rs. _______, and the further Rs. ______________ together with interest, additional
interest, further interest by way of liquidated damages, compound interest, commitment charges, commission,
Premia on pre-payment, cost, charges, expenses and other monies payable by the Borrowers to the Bank and that all
the above principal agreements dated __________ shall stand modified/extended/enlarged by this agreement for an
aggregate amount of Rs. __________________.
The borrowers hereby agree to pay interest on the cash credit limit at the rate of _____ % over Prime Lending Rate
of the Bank per annum plus interest tax with monthly / quarterly / half-yearly / yearly rests and maintain margin of
_________% on the stock, ________% on the book-debts and _________% on moveable machinery and shall also
provide cash margin of __________ %
The Borrowers hereby further declare that save and except the above modification, all the other terms and conditions
as contained in the principal agreements as modified/extended/enlarged by this agreement, shall continue to apply
and subsist and be operative in all respects and shall be security for the various credit facilities aggregating Rs.
_____________ as mentioned above and that the terms and conditions of the principal agreements shall be
construed and read as part and parcel of these presents.
IN WITNESS WHEREOF THE COMMON SEAL OF the borrower has been hereunto affixed on the date and year
first herein above written.

LDOC 18 additional security letter (18)

/STAMP AS ON AGREEMENT /
BANK NAME XXXXX Place : _________________
________________ branch. Date : __________________
Dear Sirs,
Agreement of Hypothecation/Pledge dated the __________________________ day of
_____________________________________.
Referring to the Agreement of hypothecation/Pledge of (a) _______________(State the goods
alreadyhypothecated/pledged)_____________________________________________________________________
_____________________________________________________________________________________________
______________________________________________
dated the __________________ day of __________________ executed in your favour for the repayment of all the
amounts payable by us under the cash credit account with a limit of ____________________________________
(state the amount of the limit) Rs. __________________________________________________________________
____________________________________________________________________ excluding interest, etc. as
provided in the said agreement, we hereby hypothecate /pledge to BANK NAME XXXXX (state the goods to be
newly brought in as security) ________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
__________________as and by way of further and additional security for the repayment of all the sums that may be
payable by us under the terms of the Agreement of hypothecation/pledge executed by us in your favour dated the

_______________________________ day of _______________ and all the terms and conditions contained in the
Agreement of hypothecation/pledge dated _____________________ day of ___________________ shall
specifically apply to the goods herein above mentioned as if they were specifically herein set out and as if the
abovementioned goods were hypothecated/pledged for the repayment of all the moneys payable by us to the Bank
under the Agreement of hypothecation/pledge herein above referred to.
Yours faithfully
LDOC 19 hypothecation of moveable machinery (19)
/STAMP AS ON AGREEMENT
BANK NAME XXXXX Place : _________________
_______________ branch. Date : __________________
An Agreement made this __________________ day of ____________________
__________________________________________________________________________ Between
_____________________________________________________________________________________________
_____________________________________________ (hereinafter called the "Borrower") of the one part and
BANK NAME XXXXX, incorporated in Baroda and having a place of business amongst other places in
______________________ (here in after called "the Bank") of the other part WHEREAS the Borrower has applied
to the Bank to open a Cash Credit/Loan/other account with the Borrower in the books of the Bank at
____________________ and the Bank has agreed to do so upon being secured in the manner hereinafter appearing
and upon being further secured by a single/joint and several Demand Promissory Note signed by the Borrower, Viz,
_______________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
____________________________________ and upon being further secured by all moveable machinery of the
Borrower including all stocks and spare parts, both present and future, belonging to the Borrower being and lying in
the Borrower's premises or godowns of or returned by the Borrower or otherwise used in connection with the
business of the Borrower.
NOW IT IS HEREBY AGREED as follows :1. This Agreement shall operate as a security to the Bank in addition to any other security already held by the Bank
for the repayment to the Bank at ___________________________________ on demand of the balance due to the
Bank by the Borrower at any time or ultimately on the closing of the said Accounts upto the sum of Rupees
_________________________________________
_________________________________________________________________________
(Rs.___________________). The expression "the balance due to the Bank" in this and the subsequent clauses of this
Agreement shall be taken to include the Principal moneys from time to time due on the said Accounts, whether
demanded or not and also all interest, calculated from day to day in manner and at the rate hereinafter mentioned and
the amount of all cost (between attorney and client), charges and expenses of the Bank which the Bank may have
paid or incurred in any way in connection with the hypothecated premises described in clause 2 hereof including the
sale or disposal thereof and any other sum that is hereunder declared to be debit able to the account.
2. The Borrower hereby hypothecates and charges to the Bank all moveable machinery of the company, including
all stocks and spare parts, both present and future, belonging to the Borrower being and lying in the Borrower's
premises or godowns of or rented by the Borrower or otherwise used in connection with the business of the
Borrower (but excluding claims such as claims on Life Insurance Policies, Goodwill, Out standings, Debts, Claims
for Arrears of Rent, benefit of Executory Contracts and share in partnership) as security for the payment to the Bank
on demand of the balance due to the Bank by the Borrower on the Cash Credit / Loan / other Account. All such
moveable machinery of the Borrower including all stocks and spare parts, both present and future, belonging to the
Borrower being and lying in the Borrower's premises or godowns of or rented by the Borrower or otherwise used in
connection with the business of the Borrower are hereinafter referred to as "the hypothecated premises".
3. The Borrower hereby engages that all sums drawn from the Bank in the said Cash Credit / Loan / other Account
shall be solely applied for the ordinary purposes of the Business of the Borrower as now conducted.
4. It is distinctly understood that all advances made under their above Cash Credit/Loan/other account and the
balance due to the Bank shall be repayable to the Bank on demand.
5. Interest at the rate of __________% over Prime Lending Rate of the Bank per annum plus interest tax, with
monthly/quarterly/half-yearly / yearly rests or at such rate or rates as the Bank may specify to the Borrower in
writing in accordance with the Bank's prime lending rate and the Borrower's credit rating with the Bank from time to

time shall be calculated on the amount due on the said account. It is agreed that all interest calculated as above shall
accrue due from day to day and shall be debited to the account at the end of each and every month or on the 31st
March, 30th June, 30th September and on the 31st December in each year and thenceBRANCH h carry interest at
the like rate and that in the event of the Bank making demand for payment on any date not being the date of
expiration of any such (month/quarter/halfyear/year) the Bank shall be at liberty to debit in the account all interest
down to the date of demand and to include the same in the demand for payment. And that the total amount
demanded shall continue to carry interest as aforesaid until payment with monthly/quarterly/ half-yearly/yearly rests.
And that the Borrower shall at all times accept the Bank's figures as correct (mainfest errors excepted) in or out of
Court."
6. The Borrower agrees that the balance due to the Bank on the said account at any time shall be payable on demand
to the Bank at _________________ at the Office of the Bank together with all further interest calculated as above
provided at the rate above mentioned together with the amount of all further charges and expenses (if any) to the
date of payment PROVIDED that nothing in this clause shall be deemed to prevent the Bank from demanding
payment of the interest for the time being due or other amounts hereby made debit able to the said account without
at the same time demanding payment of the balance due to the Bank exclusive of such interest or other amounts.
6.A. The borrower agrees and undertakes to deposit from time to time all the sale proceeds of the hypothecated
premises as and when the same are sold and undertakes not to open any advance or deposit account with any other
bank/s without the prior consent in writing of the Bank during the continuance of this advance. The borrower is
aware that relying on the aforesaid representations, the Bank has agreed to grant the borrower the advance against
the security of the hypothecated premises.
7. The hypothecated premises shall at all times during the currency of this security and so long as any money shall
remain due and owing in the said Cash Credit/ loan/other Account be maintained in good and saleable condition and
insured and kept insured by and at the expense of the Borrower against fire and such other risks as may be required
by the Bank or be required by law to the full extent of the value thereof in an Insurance Office or Offices approved
by the Bank in the name of the Bank or in the name of the Borrower and assigned to the Bank, and in either case the
said Policies shall be handed to the Bank, the borrower shall duly and punctually pay the premia due on the policies
at least one week before the same shall have become due or payable and hand over the receipts to the Bank and the
Borrower agrees not to raise at any time any dispute as to the amount of the insurable interest of the Bank. If the
Borrower shall make default in effecting such insurance as aforesaid or renewing any policy or in payment of such
premia or in keeping the hypothecated premises so insured or in delivering the Bank the policies or receipts for the
premia it shall be lawful for (but not obligatory) the Bank to effect such insurance or to renew or to pay such premia
and to keep the hypothecated premises insured and to debit the expenses incurred by the Bank for the purpose to the
said account and the same shall be treated as advances secured by this Agreement. The Borrower agrees to pay the
same on demand with interest as provided in clause 5 hereof. All sums received. under any such insurance as
aforesaid shall after deduction thereout of all expenses be applied in or towards the liquidation of the balance due to
the Bank for the time being and in the event of there being a surplus the same shall be applied as provided in clause
18 (C) hereof. The Borrower agrees that if any moneys under any such insurance are received by the Borrower, he
will pay the same BRANCH hwith to the Bank. In the event of the movable machinery hypothecated to the Bank
and insured as aforesaid being destroyed by fire or otherwise howsoever, the bank shall be entitled to negotiate and
settle the claim in respect thereof arising under the Insurance Policy with the Insurance Company without any
reference to the Borrower and such settlement shall be binding on the Borrower in all respects as if the borrower
himself had made the claim and the borrower will not dispute the Bank's right to negotiate and settle the claim with
the Insurance Company or question the settlement.
8. It shall be lawful for the Bank and its Agents without notice and at the expense in all respects of the Borrower to
enter at any time into or upon the offices, godowns or jaithas of the Borrower or places of storage of any of the
hypotecated premises for the purpose of taking inspection of or checking the hypothecated premises and taking
account and inspecting of the books of account of the Borrower (which the Bank is hereby authorised to do) and it
shall also be lawful for the Bank from time to time as it may see fit to have all or any of the hypothecated premises
for the time being so hypothecated and charged as aforesaid valued by an appraiser or other valuer to be appointed
by the Bank and all such expenses and the fees and expenses of such valuation shall be treated as advances by this
Agreement debited to the Borrower in the said Cash Credit/loan/other Account as be payable accordingly and shall
until payment be treated as an advance secured by this Agreement.
9. The Borrower shall, if so required by the Bank, cause and in default the Bank may itself cause a Board or Boards
with the name of the Bank legibly and distinctly printed or written thereon to be placed and at all times maintained
in a conspicuous position upon and within all godowns, jaithas or other places of storage into or upon which any of

the hypothecated premises for the time being hypothecated and charged as aforesaid are or shall be brought during
the continuance of this agreement.
10 The Borrower shall BRANCH hwith upon obtaining leave or license to occupy any Godown or jaitha or any
place containing any of the hypothecated premises which is not his own property, if so required by the Bank,
register the same in the name of the Bank and hand the receipts for any rents or other dues payable in respect thereof
to the Bank and keep the Bank indemnified against all liability in consequence of such transfer or registration in the
Bank's name and any sum becoming payable to the Bank by reason of such indemnity shall be debited to the Cash
Credit /loan /other Account and shall carry like interest and shall be treated as an advance secured by this
Agreement.
11. The Borrower shall from time to time on demand by the Bank in writing at any time furnish to the Bank a full
and correct written statement with such particulars as the Bank may require of the hypothecated premises together
with the market value or (where the market value exceeds normal value) the normal value thereof and produce such
evidence in support thereof as the Bank may from time to time require. The Borrower shall also without demand
render unto the Bank weekly and on the first day of each Calendar month a similar written statement.
12. The Borrower shall on demand in writing by the Bank BRANCH hwith deliver to the Bank on account of such
part of the hypothecated premises as shall be in course of transit to ______________ or elsewhere and shall on
demand by the Bank deliver the Railway Receipts or other documents of title in respect therof duly endorsed to the
Bank or as the Bank shall direct.
13. The Borrower will so long as any moneys due under the said Cash Credit/Demand Loan Account or interest
thereon remain unpaid, carry on and conduct the business of the Borrower and use the hypothecated premises in a
proper and efficient manner.
14. The Borrower shall not remove or dismantle any of the moveable machinery including all stores and parts
thereof or other hypothecated premises now in use in the Borrower's premises without the consent in writing of the
Bank except in any case where such removal or dismantling shall in the opinion of the Borrower be rendered
necessary by reason of the same being worn out, injured, damaged or broken by others of a similar nature and of
atleast equal value, and shall also whenever necessary renew or replace all such plant, machinery or other
hypothecated premises with other of a like nature and value as now used or henceBRANCH h to be used for the
purpose of or in connection with the business of the Borrower when and as the same shall be worn out, injured,
damaged or broken.
15. The Borrower will keep all the plant, machinery and other hypothecated premises in a good state of repair and in
perfect working order and condition and further that all such moveable machinery, including all stores and parts
thereof, and other hypothecated premises at present or for the time being not in use will be properly coated with rust
proof preservatives and oiled, packed or encased and stored or housed in proper rain and waterproof premises.
16. This Agreement is made on the faith (a) of the declaration which the Borrower hereby makes that the
hypothecated premises now and from time to time hereafter comprised in the security hereby created are and will at
all time be the absolute property of the Borrower (except for and subject to the security hereby created) and free
from other trust, pledge, lien, claim, or encumbrances and (b) on the undertaking hereby given by the Borrower, that
the Borrower will not create a further mortgage or lien or any charge upon the hypothecated premises during the
currency of the said Cash Credit/Loan/other Account.
17. If the Borrower shall fail to carry out and perform any of his obligations under these presents or in the event of
any damage occurring to the hypothecated premises from any cause whatsoever or if any event shall happen or is
believed by the bank to have happened so as in the opinion of the Bank to impair the security hereby created or the
credit, of the borrower or if the Bank shall be of opinion that the security hereby created is otherwise imperiled (as
to all or any of which matters the opinion of the Bank shall be conclusive) it shall be lawful for the Bank, its Agents
and Nominees with a view to obtaining possession for and on behalf of the Bank at all times and without assigning
any reason and without any previous notice to the Borrower but at the Borrower's risk and expense and if so required
as Attorney for and in the name of the Borrower (but not so as to alter the character of the possession which shall be
the possession of the Bank) to enter any place where the hypothecated premises or any of them may be and take
charge and or possession of all or any part of the hypothecated premises and the Borrower shall afford every facility
for placing and shall place the hypothecated premises and every part thereof as the Bank may require in the
exclusive possession of and the exclusive control of the Bank and in such manner that such possession and control
shall be apparent and indisputable. The Borrower shall on demand deliver to the Bank the keys of any place in
which any of the hypothecated premises may from time to time be stored. In default the Bank may take any
necessary steps to open and close the said place without any further notice. At any time after taking possession the
Bank may place the said Godown or godowns or other place or places of storage in charge of a clerk or clerks and/or
durwan or durwans who shall hold the possession of the hypothecated premises and the Borrower shall pay regularly

on or before the first of every month the monthly salaries of such clerks and durwans who may be placed by the
Bank in charge of the said Godown or godowns or other places of storage to hold possession for and on behalf of the
Bank of hypothecated premises and the Borrower shall provide suitable lodgings in the compound of the said
Godown or godowns for such clerks and durwans and shall pay upon demand all the travelling, board and housing
accommodation, cost and expenses of or in connection with the sending at any time of a representative or
representatives of the Bank to such place or places to inspect the said goods and the fees and expenses of an
Appraiser or Valuers. Any moneys payable by the Borrower (under this clause shall until payment by the Borrower)
be debited to the Borrower in the said Cash Credit /Loan/other Account and be payable accordingly and shall until
payment be treated as an advance secured by this Agreement.
18. The Bank shall not be in any way liable or responsible for any loss, damage or depreciation which the
hypothecated premises may suffer or sustain on any account whatsoever while the same are in possession of the
Bank during the continuance of this agreement or thereafter and all such damage or depreciation shall be wholly on
account to the Borrower howsoever the same shall have been caused nor shall the Bank be responsible for any
shortage resulting from /arising out of theft or pilferage or otherwise however notwithstanding that the hypothecated
premises may be in the possession of or under the control of the Bank.
18. (a) It shall be lawful for the Bank at any time after taking possession of the hypothecated premises without
assigning any reason after 48 hours' notice to the Borrower demanding payment (which the Borrower hereby agrees
to be reasonable notice) or at any time or times thereafter (without prejudice to the Bank's right of suit or any other
right against the Borrower) to recover, receive, appoint Receivers of or remove and/or sell either by public auction
or private contract subject to such conditions as the Bank may deem fit to otherwise dispose of or deal with at any
time or times the hypothecated premises or any part or parts thereof and to enforce, realise, settle, compromise and
to deal with any rights or claim regarding any of the hypothecated premises without being bound to exercise any of
these powers or liable for any losses in the exercise thereof and notwithstanding there may be any pending suit or
other proceeding the Borrower undertakes to transfer and deliver to the Bank all relative contracts securities, bazaar
chits, bills, notes, hounds and documents. The Borrower hereby agrees that the Bank shall be entitled to admit, reject
to arbitration or compromise without consulting the Borrower any claims by any other person to the hypothecated
premises or any part thereof and that the Borrower shall be bound by the Bank's decision and that any loss damage
or costs & expenses that may arise or be caused by such decision shall be at the risk and on account of the
Borrower.
b) The Bank shall apply the net proceeds of sale of the premises in satisfaction so far as the same shall extend of the
balance due to the Bank or so much thereof as shall remain unpaid including interest at the rate aforesaid until
payment and including all costs as between Attorney and Client charges and expenses incurred by the Bank on any
account whatsoever including Sales Tax. If the net sum realized by such sale be insufficient to cover the balance due
to the Bank, the Borrowers shall be liable BRANCH hwith on production to the Borrower of an account to be
prepared and signed as provided in clause 18 (e) hereof (which shall be conclusive) to pay the balance appearing due
to the Bank. Without prejudice to such obligations of the Borrower the Bank shall be entitled (but shall not be
bound) to apply any other money or moneys in the hands of the Bank standing to the credit of or belonging to the
Borrower (or if there be more than one Borrower or if there be more than one partner in the Borrower firm then to
the credit of or belonging to any one or more of such persons) or any money which the Borrower (or which any one
or more of them as the case may be) may then or at any time thereafter be entitled to draw from the Bank under any
Loan, Cash Credit, Overdraft or other arrangement or goods the property of the Borrower (or any one or more of
them as the case may be) stored in the Bank's premises or goodness in or towards payment of the balance for the
time being due to the Bank. And in the event of such money or moneys being insufficient for the discharge in full of
such balance, the Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be
prepared and signed as in the clause 18 (e) hereinafter provided (which shall be conclusive) to pay any balance
which may appear to be due by the Borrower thereon PROVIDED ALWAYS that nothing herein contained shall be
deemed to negative, qualify or otherwise prejudicially affect the right of the Bank (which it is hereby expressly
agreed the Bank shall have) to recover from the Borrower the balance for the time being remaining due from the
Borrower to the Bank upon the said Cash Credit /Loan /other Account notwithstanding that all or any of the
hypothecated premises may not have been realized.
c) In the event of there being a surplus available of the net proceeds of such sale after payment in full of the balance
due to the Bank it shall be lawful for the Bank to retain and apply the said surplus together with any other money or
moneys belonging to the Borrower for the time being in the hands of the Bank in or under whatever accounts as far
as the same shall extend against in or towards payment of liquidation of any and all other moneys which shall be or
may become due from the Borrower whether solely or jointly with any other person or persons, firm or company to
the Bank by way of loans, discounted bills, letters of credit, guarantees, charges or of any other debits or liability

including bills, notes, credits and other obligations current though not then due or payable or other demands legal or
equitable which the Bank may have against the Borrower or which the law of setoff or mutual credit would in any
case admit and whether the Borrower shall become or be adjudicated bankrupt or insolvent or be in liquidation or
otherwise with interest thereon from the date on which any and all advances in respect thereof shall have been made
at the rate or respective rate at which the same shall have been so advanced.
d) If after the settlement of all claims of the Bank against the Borrower any surplus shall remain, the Bank shall pay
such surplus to the Borrower.
e) The Borrower agrees to accept without question in and out of Court as conclusive proof of the amount realized by
any such sale as aforesaid and of any sum claimed to be due from Borrower to the Bank under this Agreement and
of the costs and expenses incurred in connection therewith a statement a account made out from the papers and/or
Books of the Bank and signed by the Manager or the Agent or the Accountant or other duly authorized officer of the
Bank without the production of any other voucher, document or paper.
19. This agreement and the securities herein referred to shall be security for the payment by the Borrower of the
balance due to the Bank from time to time and also of the ultimate balance with interest thereon plus costs and
expenses to become payable on the said Cash Credit /Loan/Other Account.
20. The Borrower shall duly and punctually pay, perform and observe all rents, rates, taxes, assessments and other
outgoing whatsoever convenient and obligations which ought to be paid or observed or performed by the Borrower
in respect of the premises in which any of the hypothecated premises may from time to time be situated.
21. This Agreement is not to prejudice the rights or remedies of the Bank against the Borrower irrespective and
independent of this agreement in respect of any other advances made or to be made by the Bank to the Borrower.
The Borrower agrees that in the event of the Bank receiving intimation from the Reserve Bank of India of any
default by the Borrower in payment of any one or more installments of the loan and/or Interest due and payable to
any financial institutions/s from whom the Borrower has taken any advance or otherwise borrowed any moneys, the
Bank shall be entitled to stop any further operations by the Borrower in the said loan/cash credit/other account and
the Bank shall be at liberty to refuse to make any payment of any cheque/s drawn by the Borrower to the debit of
such account and the Borrower shall not hold the Bank responsible or liable in any manner by the reason of the
Bank's refusal to make payment of such cheque/s; and the Borrower further agrees that in the event of there being
any fixed deposit account, recurring deposit account, or any time deposit account with the Bank in the Borrower's
name, the Bank will be at liberty to withhold payment to the Borrower of the amount/s deposited with the Bank on
the dates of maturity thereof, and the Bank will be entitled in its sole discretion to appropriate the balance or
proceeds of the time deposit account/s on the due date/s or before maturity for any advance/s granted by the Bank to
the Borrower or remit the balance in the said loan/cash credit/other account or proceeds of time/demand deposit
account/s, as the case may be, to any financial institution/s from whom the Borrower may have taken advance or
borrowed moneys and has defaulted in making payment thereof or interest thereon as aforesaid.
22. Any notice in writing required to be served hereunder shall be sufficiently served if addressed to the Borrower at
his address registered in the Bank or in the event of no such address being registered, at the last known place of
residence or business and left at such address or place or forwarded to him by post at the address or place aforesaid.
A notice sent by post shall be deemed to be given at the time when in due course of post it would be delivered at the
address to which it is sent, and in proving such notice when given by post it shall be sufficient to prove that the
envelope containing the notice was posted and a certificate signed by the Bank's local Manager or Agent or
Accountant or other authorized Officer that the envelope was so posted shall be conclusive. If for any reason the
Borrower cannot be given any such notice the same inserted once in any advertisement in a newspaper circulating in
the District of the Bank's office shall be deemed to have been effectual given and received on the day on which such
advertisement appears.
23. If the Borrower be more than one individual all shall be bound hereby jointly and severally and if the Borrower
shall be a firm such firm and all members from time to time thereof and all retiring members shall be bound hereby
notwithstanding any change in the constitution or style thereof and whether the firm shall consist of or be reduced to
one individual. No changes whatever that may take place in the constitution of the Borrower or Bank (whether by
amalgamation or otherwise) shall impair or discharge the liability of the Borrower hereunder. The Borrower (if a
firm) shall not however make any change in the firm without previous reference to the Bank.
24. The Borrower hereby agrees on demand by the Bank in that behalf to execute such documents in favor of the
Bank as may be necessary or advisable to hypothecate or further assure the hypothecated premises in favor of the
Bank.
25. The Borrower also agree that notwithstanding anything herein before contained, the Bank shall not be bound to
allow or continue the Cash Credit/Loan/Other Account to any extent or for any time other than the Bank shall in its
absolute discretion see fit to do.

IN WITNESS WHEREOF the Borrower has executed these presents the day and year above written.

LDOC 20 instrument of hypothecation of vehicle (20)

/STAMP AS ON AGREEMENT/
BANK NAME XXXXX Place : _________________
_______________ branch. Date : __________________
An Agreement made at ____________________________the __________________ day of
_____________________________________________________________________________________________
______________________Between________________________________________________________________
______________________ (hereinafter called the "Borrower" which expression shall include his/her heirs,
executors, administrators) of the ONE PART and BANK NAME XXXXX a Body Corporate constituted under the
Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and carrying on business of banking,
having its Head Office at Mandvi, Baroda, State of Gujarat and a Branch Office amongst other places at
______________________ (hereinafter referred to as "the Bank" which expression shall include the successors and
assigns) of the OTHER PART.
WHEREAS the Borrowers applied to the Bank for a loan of Rs. ________________ for the purpose of enabling the
Borrower to purchase therewith from ______________________ ___________________ the new/second hand
____________________________________(name of vehicle described in the Schedule 'A' hereunder written which
the Bank agreed to do upon having repayment thereof secured on the terms and conditions hereinafter mentioned.
NOW IT IS HEREBY AGREED as follows :1. The Borrower agrees to open and maintain with the Bank, a Current or Savings Bank Account and keep the
account in sufficient funds and hereby authorizes the Bank to debit the same with the amount of each installment of
the loan as and when it falls due
2. The Borrowers shall repay the said loan of Rs. ____________ by __________ equal monthly/quarterly/halfyearly/yearly installments of Rs. ________________ each the last of such installments being of Rs.
___________________ as set out in Schedule 'B' hereunder written, the first, of such installments being payable on
the __________________ day of __________________, and the subsequent installments being payable on the
__________________ day of each succeeding month/quarter/half-year/yearly until entire loan is repaid in full.
3. The Borrower shall pay interest on the loan amount at the rate of _________ % over Prime lending Rate of the
Bank per annum Plus Interest Tax with monthly/Quarterly / half yearly / yearly rests payments on the 31st March,
30th June, 30th September and 31st December in each year.
4. The Borrower doth hereby hypothecate by way of first charge in favour of the Bank all that the said vehicle which
is described in the Schedule 'A' hereunder written (hereinafter called "the hypothecated article" which expression
shall include all fittings, tools, accessories, spares and parts whatsoever pertaining to the said vehicle and all
replacements or additions made therein or thereto from time to time) as security fro due repayment to the Bank of
the said loan of Rs. ________________ by the installments on the days and in the manner aforesaid and for interest
at the rate stated in Clause 3 hereof and for all costs, charges and expenses (the legal costs being between Attorney
and Client) incurred by the Bank for the protection, preservation, defence and perfection of this security and for
attempted or actual realization thereof.

5. That the Borrowers shall not during the continuance of this agreement, sell, transfer, dispose of, pledge,
hypothecate or otherwise charge or encumber, lend or in any manner part with the possession of or deal with the
hypothecated articles nor shall the borrower do or permit to be done any act whereby the security given to the Bank
hereunder shall be in any way prejudicially affected or whereby any distress or attachment or execution may be
levied thereon by any creditor or other person.
6. So long as any money remains due in respect of the said loan, the Borrower shall not use or suffer the same to be
used contrary to law and shall not used or allow to be used the said vehicle for any reliability trial or racing
competition, without the permission of the Bank.
7. The Borrower undertakes at all time to keep the hypothecated article and all parts thereof and all equipment
therein in thorough working order and in good repair and condition and to make no major alterations therein without
the previous consent of the Bank and to keep the hypothecated article duly and regularly serviced. Provided always
that the Borrower shall not have or be deemed to have any authority to create a lien upon the same in respect of such
repairs.
8. The Borrower shall notify the Bank at once of any change in his own address and the address of the Premises to
which the hypothecated article may be moved subject nevertheless to the provisions of Clause 6 above.
9. The Borrower hereby empowers the Bank and any person or persons from time to time authorised by the Bank in
that behalf and without previous notice to the Borrower to enter any premises whatsoever for the purpose of
inspection of the hypothecated article or taking possession thereof pursuant to the power herein contained.
10. The Borrower shall whenever required by the Bank allow the Bank or its authorised agent to inspect and/or
value the hypothecated article. All costs, charges and expenses incurred by the Bank of and incidental to such
inspection and valuation shall to paid to Bank BRANCH hwith on demand (the Bank's statement being conclusive)
and until payment the same shall with interest at the rate of _________ % p.a. be a charge upon the hypothecated
article. Any such valuation shall be conclusive and binding on the Borrower.
11. The Borrower shall pay all rents, taxes, rates and out goings in respect of the premises in which the hypothecated
article is or may be garaged and also all taxes, license duties, fees, registration and other charges payable in respect
of the hypothecated article either to the Government or to the Municipality or to any local/or public body or
authority. In default the Bank may (but shall not be bound to) pay the same without prejudice to any of its rights
hereunder.
12. The Borrower shall at his own expense keep the hypothecated article insured against all such risks as may be
required by law and also against all such further and other risks as the Bank shall from time to time require for the
full amount required by the Bank in one or more insurance office/s approved by the Bank in the joint names of the
Borrower and the Bank and shall pay the premiums payable in respect thereof atleast one week before the same shall
have become due or payable and shall deliver to the Bank the policies of insurance (duly assigned to the Bank if so
required by it) and shall keep on foot and maintain such insurances throughout the continuance of the security and
deliver to the Bank the renewal receipts. The Borrower shall BRANCH hwith notify the Bank of any loss of or
damage to the hypothecated article or any parts or accessories by theft, fire, collision, accident or any other cause
and shall on the happening of any such event lodge the necessary claim with the Insurance Company within the
prescribed time and shall also take steps to have the hypothecated article put in thorough working order and in good
repair and condition as soon as possible. All moneys receivable by Borrower under the Insurance Policy shall be
applied by him in towards repayment of the amount for the time being due hereunder to the Bank.
13. If default is made by the Borrower in payment of any rents, rates, taxes, duties, fees, charges and out goings or
any premium or any costs, charges and expenses of keeping the hypothecated article its parts and accessories in
good repair and condition and in thorough working order or for any other purpose or any other sum of money
payable by the Borrower hereunder the Bank may (but shall not be bound to) pay the same without prejudice to its
rights hereunder and all such sums of money shall be repaid by the Borrower BRANCH hwith on demand by the
Bank and shall until repayment with interest at the rate aforesaid be a charge on the hypothecated article.
14. Notwithstanding anything herein contained the whole advance or the entire balance thereof outstanding at the
time become BRANCH hwith due and payable by the Borrower to the Bank and the Bank will be entitled to enforce
its security hereunder upon the happening of any of the following events, namely :
a) any installment of the said loan being unpaid upon the respective due date for payment thereof;
b) the Borrower committing any breach or default in the performance or observance of any term or condition
contained in these presents;
c) any execution or distress or other process being enforced or levied upon or against the whole or any part of the
Borrower's account with the Bank on the hypothecated article or any other property of the Borrower;
d) the Borrower being adjudicated insolvent or taking advantage of any law for the relief of insolvent debtors or
entering into any arrangement or composition with his creditors or committing any act of insolvency;

e) if the Borrower shall without the consent in writing of the Bank create or attempt or purport to create any
mortgage, pledge, hypothecation or lien or incumbrance on the hypothecated article;
f) If any event or circumstances shall occur which shall in the opinion of the Bank be prejudicial or endanger or be
likely to endanger its security hereunder.
15. If the Borrower makes any default in payment of any installment of the said loan on the respective due dates for
payment thereof as mentioned above for one week after the same shall have become due whether demanded or not
or if any event or circumstances shall occur which shall in the opinion of the Bank be prejudicial to or endanger or
be likely to endanger this security or if any event or circumstances mentioned in Clause 14 above happens or occurs
the Bank if it thinks fit shall be entitled at the risk and expense of the Borrower without any notice at any time or
times after such default or event or circumstance occurs or happens to enter (and for that purpose to do any
necessary act, deed or thing) any place where the hypothecated article may be and to inspect, value, insure and take
charge or possession of the hypothecated article. And to seize, recover, receive, appoint receivers of or remove
and/or sell by public auction or private contract or otherwise dispose of or deal with the hypothecated article And to
enforce realise settle compromise and deal with any rights aforesaid without being bound to exercise any of these
powers or being liable for any losses in the exercise thereof and without prejudice to the Bank's rights and remedies
of suit or otherwise and notwithstanding there may be any pending suit or other proceeding. The Borrower hereby
also agrees to accept the Bank's accounts of sales and realisation and to pay any shortfall or deficiency thereby
shown; And if the net sum realised by such sale shall be insufficient to pay the amount secured, the Bank shall be at
liberty to apply any other money or moneys in the hands of the Bank standing to the credit or belonging to the
Borrower in or towards the payment of the balance. And in the event of there being still deficiency, the Borrower
shall BRANCH hwith pay such deficiency Provided that nothing herein contained shall in any manner prejudice or
affect the Bank's remedy against the person of the Borrower.
16. In the event of there being a surplus available out of the net proceeds of such sale after payment in full of the
balance due to the Bank it shall be lawful for the Bank to apply the said surplus together with any other money or
moneys belonging to the Borrower for the time being in the hands of the Bank in or under whatever accounts as far
as the same shall extend in or towards payment or liquidation of any and all other moneys which shall be or become
due from the Borrower whether solely or jointly with any other persons, firm or company to the Bank by way of
loans or overdraft or any other demands legal or equitable which the Bank may have against the Borrowers or which
the law of setoff or mutual credit would in any case admit and whether the Borrower shall become or be adjudicated
bankrupt or insolvent or otherwise and interest thereon from the date on which any and all advance or advances in
respect thereof shall have been made at the rate or respective rates at which the same shall have been so advanced.
17. The Borrower hereby declares and guarantees that the hypothecated article is and shall remain the absolute and
unencumbered property of the Borrower with full power of disposition there over.
18. The Borrower shall furnish and certify all statements and information from time to time and as required by the
Bank and give and execute any necessary documents required to give effect to this security.
19. The Borrower agree to accept as conclusive proof of the correctness of any sum claimed to be due from him to
the Bank under this Agreement a statement of account made out from the books of the Bank and signed by the
Accountant and/or other duly authorised officer of the Bank without the production of any other voucher, document
or paper.
20. The Bank shall not in any way be liable or responsible for any damage or depreciation which the hypothecated
article or any part thereof, may suffer or sustain on any account whatsoever while the same shall at any time come
into possession of the Bank.
21. Nothing herein shall operate to prejudice the Bank's rights or remedies in respect of any present of future
security, guarantee, obligation or decree for any indebtedness or liability of the Borrower to the Bank.
22. Any notice by way of request or otherwise hereunder may be given by the Bank to the Borrower personally or
may be left at the then or last known place of service of residence of the Borrower (as the case may be) or may be
sent by post to the Borrower as aforesaid and if sent by post such notice shall be deemed to have been given at the
time when it would be delivered in due course of post and in providing such notice when given by post, it shall be
sufficient to prove that the envelope containing the notice was posted, and a certificate signed by the Bank's Local
Manager or Agent that the envelope was so posted shall be conclusive.
Dated at ________this_______ day of_________________________
Schedule 'A'
(Description of Vehicles)
SChedule 'B'
(Repayment Schedule)
Signed and delivered by the above named.

LDOC 21 hypothecation of book - debts (21)

/STAMP AS ON AGREEMENT/
BANK NAME XXXXX Place : _________________
_______________ branch. Date : __________________
An Agreement made at __________________ this day of __________________ , Between
_________________________________________________________________ incorporated in India and having
its registered office at _________________________ _________________________ (here in after called "the
Borrower") of the ONE PART and BANK NAME XXXXX incorporated at Baroda and having a place of business
amongst other places in ___________________ (hereinafter called "the Bank") of the Other PART.
"This Agreement made at __________________________ this ___________________ day of
____________________, between ___________________________________ a partnership firm (registered under
the Indian Partnership Act) and having place of business amongst other places at
________________________________________ (hereinafter called "the Borrower" which expression shall include
wherever the context so admits its successors and assigns) of the one part and BANK NAME XXXXX
______________".
"THIS AGREEMENT made at _____________________ this _____________________ day of
__________________________, between ______________________ a proprietary firm having a place of business
amongst other places at _____________ (hereinafter called "the Borrower") which expression shall include
wherever the context so admits its successors and assigns of the one part and BANK NAME XXXXX
__________".
WHEREAS the Borrower has applied to the Bank to open a _________________________ ________________
Account with the Bank in the name of the Borrower in the books of the Bank at its ______________ office with a
limit of Rs. _____________ (In words Rupees ________________________________________) and the Bank has
agreed to do so upon being secured "inter alia" by hypothecation of book-debts in the manner hereinafter appearing.
NOW IT IS HEREBY AGREED as follows :1. This Agreement shall operates as a security to the Bank in addition to any other security already held by the Bank
for the repayment to the Bank at ____________________________ on demand of the balance due to the Bank by
the Borrower at any time or ultimately on the closing of the said _________ Accounts upto the sum of Rupees
________________________________________________________ (Rs.___________________). The expression
"the balance due to the Bank" in this and the subsequent clauses of this Agreement shall be taken to include the
Principal moneys from time to time due on the said Accounts whether demanded or not and also all interest
calculated from day to day in manner and at the rate hereinafter mentioned and the amount of all cost (between
attorney and client), charges and expenses of the Bank which the Bank may have paid or incurred in any way in
connection with the hypothecated premises described in clause 2 hereof including the sale realisation or disposal
thereof and any other sum that is hereunder declared to be debit able to the account.
2. The borrower doth hereby hypothecate and charge to Bank as and by way of first charge the book-debts in respect
of supplies made to various Government Departments or limited companies etc. as evidenced by supply
bills/receipted challans/receipted Invoices deposited with the Bank from time to time (all of which hereinafter
collectively referred to as 'the said debts') as security for the due repayment to Bank at any time on demand.
The Borrower hereby hypothecates in favour of the Bank all the book-debts now owing to the Borrower and also the
book-debts which may at any time during the continuance of this security become owing to the Borrower in the
course of its business by any person, firm, company or body corporate, or by the Government Central of State or
Indian Railway or any Govt. Dept. or Office or any Municipal or local or public or Semi-Govt. body or authority or
any body corporate or undertaking or project whatever in the public sector as security for the payment to the Bank
on demand of the balance due to the Bank by the Borrower on the said _____________________ Account. All such
present and future book-debts hereby hypothecated are hereinafter referred to as "the hypothecated premises".
3. The Bank shall not be required to make any advance under this Agreement if the amount outstanding at any one
time on the _______________________ Account with interest exceeds the said sum of Rupees

____________________ (Rs. _____________) and the Borrower hereby engages that all sums drawn from the Bank
in the said ______________________ Account shall be solely applied for the ordinary purposes of the business of
the Borrower as now conducted.
4. The Borrower shall at all times during the continuance of the security keep and maintain such margin of security
in favour of the said Bank (hereinafter called "the said Margin") as hereinafter mentioned. The Borrower shall not at
any time borrow or draw against the said account so as to cause the debit balance of such account, at any time to
exceed ___________________ % or such other percentage as the said Bank from time to time determine. If and so
often as the said margin shall fail to be maintained then the borrower shall BRANCH hwith (according as the said
Bank may require) either hypothecate to the said Bank further debts of the sufficient value to make up the deficit or
shall reduce the amount for the time being due to the said Bank by a cash payment so as to maintain the said
margin.
5. Interest at the rate of ________________ per cent per annum shall be calculated on the daily balance of the said
account and that all interest calculated as above shall accrue due from day to day and shall be debited to the account
on the 31st March, on the 30th June, on the 30th September and on the 31st December in each year and
thenceBRANCH h carry interest at the like rate. And that in the event of the Bank making demand for payment on
any date not being the date of expiration of any such quarter the Bank shall be at liberty to debit in the account all
interest down to the date of demand and to include the same in the demand for payment. And that the total amount
demanded shall continue to carry interest at the agreed rate until payment with quarterly rests. And that the
Borrower shall at all times accept the Bank's figures as correct, (manifest error excepted) in or out of court.
6. The borrower agrees that the balance due to the Bank on the said account at any time shall be payable on demand
to the Bank at ____________________ office of the Bank together with all further interest calculated as above
provided at the rate above mentioned together with the amount of all further charges and expenses (if any) to the
date of payment PROVIDED that nothing in this clause shall be deemed to prevent the Bank from demanding
payment of the interest for the time being due or the other amounts hereby made debit able to the said account
without at the same time demanding payment of the balance due to the Bank exclusive of such interest or other
amounts.
7. The Borrower shall maintain and preserve proper books of accounts and records showing the book-debts. due to
the Borrower and the securities therefor.
8. The Borrower shall from time to time on demand by the Bank furnish to the Bank a list of all the books-debts
with the particulars of the debts and the debtors and produce to the Bank its account books and other documents to
enable the Bank to ascertain the book-debts from time to time and the borrower shall whenever required produce the
evidence in support thereof. The borrower shall also without such demand furnish to the Bank on the first day of
each calender month a similar list of all the book-debts.
9. This Agreement is made on the faith (a) of the declaration which the Borrower hereby make that the hypothecated
premises now and from time to time hereafter comprised in the security hereby created are and will at all times be
the absolute property of the Borrower (except for and subject to the security hereby created) and free from other
trust, pledge, lien, claim, or encumbrances and (b) on the undertaking hereby given by the Borrower, that the
Borrower will not create a further mortgage, or lien or any charge upon the hypothecated premises during the
currency of the said _________________________________ Account.
a) If the Borrower shall fail to carry out and perform any of its obligations under these presents or if any event shall
happen or is believed by the Bank to have happened so as in the opinion of the Bank to impair the security hereby
created or the credit of the Borrower, or if the Bank shall be of opinion that the security hereby created or the credit
of the Borrower, or if the Bank shall be of opinion that the security hereby created is otherwise imperiled (as to all or
any of which matter the opinion of the Bank shall be conclusive ) it shall be lawful for the Bank, its Agents and
Nominees and without assigning any reason and without any previous notice to the Borrower but at the Borrower's
risk and expense and to appoint Receivers of any debts comprised in this security to give notice and demands to
debtors and third parties liable therefor, to sue for recovery, receive and give receipts for the same and sell or realise
either by public auction or private contract subject to such condition as the Bank shall think fit or otherwise dispose
of or deal with at any time or times the hypothecated premises or any part or parts hereof and to enforce, realise,
settle, compromise and to deal with any rights or claims regarding any of the hypothecated premises without being
bound to exercise any of these powers or liable for any losses in the exercise or non exercise thereof and
notwithstanding there may be any pending suit or other proceeding.
b) The Bank shall apply the net proceeds of sale or realisation of the premises in satisfaction so far as the same shall
extend of the balance due to the Bank or so much thereof as shall remain unpaid including interest at the rate
aforesaid until payment and including all costs (as between Attorney and Client) charges and expenses incurred by
the Bank on any account whatsoever. If the net sum realised be insufficient to cover the balance due to the Bank the

Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be prepared and signed as
provided in clause 9(e) hereof (which shall be conclusive) to pay the balance appearing due to the Bank, without
prejudice to such obligations of the Borrower the Bank shall be entitled (but shall not be bound) to apply any other
money/s in the hands of the Bank standing to the credit of or belonging to the borrower or any money which the
Borrower may then or at any time thereafter be entitled to draw from the Bank under any Loan, Cash-Credit,
Overdraft or other arrangement or the goods, the property of the Borrower stored in the Bank's premises or godowns
in or towards payment of the balance for the time being due to the Bank and in the event of such money or money
being insufficient for the discharge in full of such balance the Borrower shall be liable BRANCH hwith on
production to the Borrower of an account to be prepared and signed as in Clause 9(e) hereinafter provided (which
shall be conclusive) to pay any balance which may appear to be due by the Borrower thereon PROVIDED
ALWAYS that nothing herein contained shall be deemed to negative, qualify or otherwise prejudicially affect the
right of the Bank (which it is hereby expressly agreed the Bank shall have) to recover from the Borrower the balance
for the time being remaining due from the Borrower to the Bank upon the said account notwithstanding that all or
any of the hypothecated premises may not have been realised.
c) In the event of there being a surplus available of the net proceeds of such sale or realisation after payment in full
of the balance due to the Bank it shall be lawful for the Bank to retain and apply the said surplus together with any
other money or moneys belonging to the Borrower for the time being in the hands of the Bank in or under whatever
accounts as far as the same shall extend against in or towards payment or liquidation of any all other moneys which
shall be or may become due from the Borrower whether solely or jointly with any other person or persons, firm or
company to the Bank by way of loans, discounted bills, letter of credit, guarantee charges or of any other debits or
liability including bills, notes, credits, and other obligations current though not then due or payable or other demands
legal or equitable which the Bank may have against the Borrower or which the law of setoff or mutual credit would
in any case admit and whether the Borrower shall be in liquidation or otherwise with interest thereon from the date
on which any and all advances in respect thereof shall have been made at the rate or respective rates at which the
same have been so advanced.
d) If after the settlement of all claims of the Bank against the Borrower any surplus shall remain, the Bank shall pay
such surplus to the Borrower.
e) The borrower agrees to accept without question in and out of court as conclusive proof of the amount realised as
aforesaid and of any sum claimed to be due from borrower to the bank under this agreement and of the costs and
expenses incurred in connection therewith a statement of account made out from the papers and/or books of the bank
and signed by the Manager or the Agent or the Accountant or other duly authorised officer of the Bank without the
production of any other voucher, document or paper.
10. That subject to the powers of the Bank and the obligations of the borrower herein contained the borrower may
with the approval of the Bank deal with the hypothecated premises in the ordinary course of its business but on the
express terms of payment or delivery to the Bank of the proceeds thereof immediately on receipt thereof.
11. That all the said hypothecated premises and all realisation thereof and all relative securities documents and
papers in connection with the said hypothecated premises shall at all times be kept distinguishable and held as the
exclusive property of the bank specifically appropriated to this security to be dealt with only under directions of the
bank.
12. This agreement and the securities herein referred to shall be security for the payment by the borrower of the
balance due to the bank from time to time and also of the ultimate balance with interest thereon to become payable
on the said account and the said account is not to be considered to be closed for the purpose of this security and the
security is not to be considered exhausted by reason of the said account being brought to Credit by payments made
into the said account at any time or from time to time or its being drawn upon to the full extent or its being reduced
or extinguished and afterwards reopened.
13. This agreement is not to prejudice the rights or remedies of the Bank against the borrower irrespective and
independent of this Agreement in respect of any other advances made or to be made by the Bank to the borrower.
14. Any notice in writing required to be served hereunder shall be sufficiently served if addressed to the Borrower at
its address registered in the Bank or in the event of no such address being registered at the last known place of
business and left at such address or place or forwarded to it by post at the address or place aforesaid. A notice sent
by post shall be deemed to be given at the time when in due course of post it would be delivered at the address to
which it is sent and in proving such notice when given by post it shall be sufficient to prove that the envelope
containing the notice was posted and a certificate signed by the Bank's Local Manager or Agent or Accountant or
other authorised Officer that the envelope was so posted shall be conclusive. If for any reason the borrower cannot
be given any such notice the same inserted once in an advertisement in a newspaper circulating in the District of

Bank's office shall be deemed to have been effectually given and received on the day on which such advertisement
appears.
15. No changes whatever that may take place in the constitution of the borrower or the bank (whether by
amalgamation or otherwise) shall impair or discharge the liability of the borrower hereunder.
16. The Borrower hereby agrees on demand by the Bank in that behalf to transfer and deliver to the Bank all relative
securities, documents and papers in connection with the hypothecated premises and to execute such documents in
favour of the Bank as may be necessary or advisable to hypothecate or further assure the hypothecated premises in
favour of the Bank.
17. The Borrower also agrees that notwithstanding anything herein before contained, the Bank shall not be bound to
allow to continue the account to any extent or for any time other than that the Bank shall in its absolute discretion
see fit to do.
IN WITNESS WHEREOF the Borrower has set its hand hereto/caused its Common Seal to be hereunto affixed on
the day and year first hereinbefore written.

LDOC 22 hypothecation of moveable machinery (22)

(for Refinance)
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX Place : _________________
______________ branch. Date : __________________
An Agreement made this __________________ day of ______________________ , Between
_______________________________________________________________________________________ (here
in after called "the Borrower") of the one part and BANK NAME XXXXX, incorporated in Baroda and having a
place of business amongst other places in ____________________________________________ (hereinafter called
"the Bank") of the other part WHEREAS the Borrower has applied to the Bank to open a Loan Account under the
Scheme of Refinance _____________________________ with the borrower in the books of the Bank at
_________________ and the Bank has agreed to do so upon being secured by and upon being further secured by all
moveable machinery of the company including all stocks and spare parts both present and future belonging to the
company being and lying in the Company's premises or godowns of or rented by the company or otherwise used in
connection with the business of the company.
NOW IT IS HEREBY AGREED as follows :1. This Agreement shall operate as a security to the Bank in addition to any other security already held by the Bank
for the repayment to the Bank at ___________ of the sum of Rupees
__________________________________________ by ________equal half-yearly/yearly installments of Rupees
___________________ ______________________ plus interest and charges, first installment being payable on
______________________.
2. The Borrower hereby hypothecates and charges to the Bank all moveable machinery of the company including all
stocks and spare parts both present and future belonging to the company being and lying in the company's premises
or godowns of or rented by the company or otherwise used in connection with the business of the company (but
excluding claims such as claims on Life Insurance Policies, Goodwill, Outstandings, Debts, Claims for arrears, Rent,
Benefit of executory contracts and share in partnership) as security for the payment to the Bank as aforesaid. All
such moveable machinery of the company including all stocks and spare parts both present and future belonging to
the company being and lying in the company's premises or godowns of or rented by the company or otherwise used
in connection with the business of the company are hereinafter referred to as "the hypothecated premises".
3. The Borrower hereby engages that all sums drawn from the Bank in the said Loan Account shall be solely applied
for the purposes specified in the Borrower's Proposal dated __________________________________.
4. Interest at the rate of ________% over Prime Lending Rate of the Bank per annum plus interest tax with
monthly/quarterly/half yearly rests or at such rate or rates as the Bank may specify to the Borrower in writing in
accordance with the Bank's prime lending rate and the Borrower's credit rating with the Bank from time to time shall
be calculated on the amount due under the said account. It is agreed that all interest calculated as above shall accrue
due from day to day and shall be debited to the account at the end of each and every month or on the 31st March,

30th June, 30th September and on the 31st December in each year the thenceBRANCH h carry interest at the like
rate and that in the event of the Bank making demand for payment on any date not being the date of expiration of
any such month/half-year/quarter the Bank shall be at liberty to debit in the account the account all interest down to
the date of demand and to include the same in the demand for payment and that the total amount demanded shall
continue to carry interest as aforesaid until payment with monthly/quarterly/half yearly/annual rests. And that the
Borrower shall at all times accept the Bank's figures as correct (manifest errors excepted) in or out of court."
5. The Borrower agrees that the balance due to the Bank on the said Account at any time shall be payable to the
Bank at __________________________ at the Office of the Bank together with all further interest calculated as
above provided at the rate above mentioned together with the amount of all further charges and expenses (if any) to
the date of payment as per terms mentioned in Clause 5 of the Refinance Agreement dated _________________ and
on the happening of any event mentioned in Clause 6 of the said Agreement the entire advance shall BRANCH
hwith become due and payable by the Borrower.
6. The hypothecated premises shall at all times during the currency of this security and so long as any money shall
remain due and owing in the said Loan Account be maintained in good and sale able condition and insured and kept
insured by and at the expense of the Borrower against fire and such other risks as may be required by the Bank or be
required by law to the full extent of the value thereof in an Insurance Office or Offices approved by the Bank in the
name of the Bank or in the name of the Borrower and assigned to the Bank and in either case the policies shall be
handed to the Bank. The Borrower shall duly and punctually pay the premia due on the policies at least one week
before the same shall have become due or payable and hand the receipts to the Bank and the Borrower agrees not to
raise at any time any dispute as to the amount of the insurable interest of the Bank. If the Borrower shall make
default in effecting such insurance as aforesaid or renewing any policy or in payment of such premia or in keeping
the hypothecated premises so insured or in delivering to the Bank the policies or receipts for the premia it shall be
lawful for ( but not obligatory) the Bank to effect such insurance or to renew or to pay such premia and to keep the
hypothecated premises insured and to debit the expenses incurred by the Bank for the purpose to the said account
and the same shall be treated as advances secured by this Agreement. All sums received under any such insurance as
aforesaid shall after deduction thereat of all expenses be applied in or towards the liquidation of the balance due to
the Bank for the time being and in the event of there being a surplus the same shall be applied as provided in Clause
17(c) hereof. The Borrower agrees that if any moneys under any such insurance are received by the Borrower it will
pay the same BRANCH hwith to the Bank.
7. It shall be lawful for the Bank and its Agents without notice and at the expenses in all respects of the Borrower to
enter at any time into or upon the offices, godowns or jaithas of the Borrower or places of storage of any of the
hypothecated premises for the purpose of taking inspection of or checking the hypothecated premises and taking
account and inspection of the books of account of the Borrower (which the Bank is hereby authorised to do) and it
shall also be lawful for the Bank from time to time as it may see fit to have all or any of the hypothecated premises
for the time being so hypothecated and charged as aforesaid valued by an appraiser or other valuer to be appointed
by the Bank and all such expenses and the fees and expenses of such valuation shall be treated as advances by this
Agreement and be debited to the Borrower in the said Loan Account and be payable accordingly and shall until
payment be treated as an advance secured by this Agreement.
8. The Borrower shall if so required by the Bank cause and in default the Bank may itself cause a Board or Boards
with the name of the Bank legibly and distinctly printed or written thereon to be placed and at all times maintained
in a conspicuous position upon and within all the premises of the company all godowns, jaithas or other places of
storage into or upon which any of the hypothecated premises for the time being hypothecated and charged as
aforesaid are or shall be brought during the continuance of the agreement.
9. The Borrower shall BRANCH hwith upon obtaining leave or license to occupy any Godown or jaitha or any place
containing any of the hypothecated premises which is not its own property if so required by the Bank register the
same in the name of the Bank and hand the receipts for any rents or other dues payable in respect thereof to the Bank
and keep the Bank indemnified against all liability in consequence of such transfer or registration in the Bank's name
and any sum becoming payable to the Bank by reason of such indemnity shall be debited to the Loan Account and
shall carry like interest and shall be treated as an advance secured by this agreement.
10. The Borrower shall from time to time on demand by the Bank in writing at any time furnish to the Bank a full
and correct written statement with such particulars as the Bank may require of the hypothecated premises together
with market value, or (where the market value exceeds normal value) the normal value thereof and produce such
evidence in support thereof as the Bank may from time to time require. The borrower shall also without demand
render into the Bank weekly and on the first day of each Calendar month, a similar written statement.
11. The Borrower shall on demand in writing by the Bank BRANCH hwith deliver to the Bank an account of such
part of the hypothecated premises as shall be in course of transit to _________________ or elsewhere and shall on

demand by the Bank deliver the Railway Receipts or other documents of title in respect thereof duly endorsed to the
Bank or as the Bank shall direct.
12. The Borrower will so long as any moneys due under the said Loan Account or interest thereon remain unpaid,
carry on and conduct the business of the Borrower and use the hypothecated premises in proper and efficient
manner.
13. The Borrower shall not remove or cause to be removed or dismantle any of the moveable machinery including
all stores and parts thereof or other hypothecated premises now in use in the company's premises without the consent
in writing of the Bank except in any case where such removal or dismantling shall in the opinion of the Borrower be
rendered necessary by reason of the same being worn out, injured or damaged or broken and in such case will
replace those so worn out, injured, damaged or broken by others of a similar nature and of at least equal value, and
shall also whenever necessary renew or replace all such plant, machinery or other hypothecated premises with others
of a like nature and value as now used or henceBRANCH h to be used for the purpose of or in connection with the
business of the Borrower when and as the same shall be worn out, injured, damaged or broken.
14. The Borrower will keep all the plant, machinery and other hypothecated premises in a good state of repair and in
perfect working order and condition and further that all such moveable machinery including all stores and parts
thereof and other hypothecated premises at present or for the time being not in use will be properly coated with rust
proof preservatives and oiled, packed or encased and stored or housed in proper rain and weatherproof premises.
15. This Agreement is made on the faith (a) of the declaration which the Borrower hereby makes that the
hypothecated premises now and from time to time hereafter comprised in the security hereby created are and will at
all times be the absolute property of the Borrower (except for and subject to the security hereby created) and free
from other trust, pledge, lien, claim, or encumbrances and (b) on the undertaking hereby given by the Borrower, that
the Borrower will not create a further mortgage or lien or any charge upon the hypothecated premises during the
currency of the said Loan Account.
16. If the Borrower shall fail to carry out and perform any of his obligations under these presents or those under a
seperate Refinance Agreement of date in the event of any damage occurring to the hypothecated premises from any
cause whatsoever or if any event shall happen or is believed by the Bank to have happened so as in the opinion of
the Bank to impair the security hereby created or the credit of the Borrower or if the Bank shall be of opinion that
the security hereby created is, otherwise imperiled (as to all or any of which matters the opinion of the Bank shall be
conclusive) it shall be lawful for the Bank, its Agents and Nominees with a view to obtain possession for and on
behalf of the Bank at all times and without assigning any reason and without any previous notice to the Borrower
but at the Borrower's risk and expense if so required as Attorney for and in the name of the Borrower (but not so as
to alter the character of the possession which shall be the possession of the Bank) to enter any place where the
hypothecated premises or any of them may be and take charge and/or possession of all or any part of the
hypothecated premises and the Borrower shall afford every facility for placing and shall place the hypothecated
premises and every part thereof as the Bank may require in the exclusive possession of and the exclusive control of
the Bank and in such manner that such possession and control shall be apparent and indisputable. The Borrower
shall on demand deliver to the Bank the keys of any place in which any of the hypothecated premises may from time
to time be stored. In default the Bank may take any necessary steps to open and close the said place without any
further notice. At any time after taking possession the Bank may place the said company's Godown or godowns or
other place or places of storage in charge of a clerk or clerks and /or durwan or durwans who shall hold the
possession of the hypothecated premises and the Borrower shall pay regularly on or before the first of every month
the monthly salaries of such clerks and durwans who may be placed by the Bank in charge of the said company's
premises, Godown or godowns or other place or places of storage to hold possession for and on behalf of the Bank
of hypothecated premises and the Borrower shall provide suitable lodgings in the compound of the said Godown or
Godown for such clerks and durwans and shall pay upon demand all the travelling, board and housing
accommodation, cost and expenses of or in connection with the sending at any time of a representative or
representatives of the Bank to such place or places to inspect the said goods and the fees and expenses of an
appraiser or valuers. Any moneys payable by the Borrower (under this clause shall until payment by the Borrower)
be treated as advances secured by this Agreement and be debited to the Borrower in the said Loan Account and be
payable accordingly and shall until payment be treated as an advance secured by this Agreement.
17. The Bank shall not be in any way liable or responsible for any loss, damage or depreciation which the
hypothecated premises may suffer or sustain on any account whatsoever while the same are in possession of the
Bank during the continuance of this agreement or thereafter and all such damage or depreciation shall be wholly on
account to the Borrower however the same may have been caused nor shall the Bank be responsible for any shortage
resulting from theft or pilferage or otherwise howsoever notwithstanding that the hypothecated premises may be in
the possession of or under the Bank.

a) It shall be lawful for the Bank at any time after taking possession of the hypothecated premises to recover, receive
appoint receivers of or remove and/ or sell either by public auction or private contract subject to such conditions as
the Bank shall think fit or otherwise dispose of or deal with at any time or times the hypothecated premises or any
part or parts thereof and to enforce, realise, settle, compromise and to deal with any rights or claims regarding any of
the hypothecated premises without being bound to exercise any of these powers or liable for any losses in the
exercise or non-exercise thereof and notwithstanding there may be any pending suit or other proceeding the
Borrower undertakes to transfer and deliver to the Bank all relative contracts, securities and documents. The
Borrower hereby agrees that the Bank shall be entitled to admit, reject, refer to arbitration or compromise without
consulting the Borrower any claims by any other person to the hypothecated premises or any part thereof and that
the Borrower shall be bound by the Bank's decision and that any loss damage or costs or expenses that may arise or
be caused by such decision shall be at the risk and on the account of the Borrower.
(b) The Bank shall apply the net proceeds of sale of the premises in satisfaction so far as the same shall extend of the
balance due to the Bank or so much thereof as shall remain unpaid including interest at the rate aforesaid until
payment and including all costs as between Attorney and client charges and expenses incurred by the Bank on any
account whatsoever including sales-tax. If the net sum realised by such sale be insufficient to cover the balance due
to the Bank, the Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be
prepared and signed as provided in Clause.17(c) hereof (which shall be conclusive) to pay the balance appearing due
to the Bank without prejudice to such obligation of the Borrower the Bank shall be entitled (but shall not be bound)
to apply any other money or moneys in the hands of the Bank standing to the credit of or belonging to the Borrower
(or if there be more than one Borrower or if there be more than one partner in the Borrower firm, then to the credit
of or belonging to any one or more of such person) or any money which the Borrower (or which any one or more of
them as the case may be ) may then or at any time thereafter be entitled to draw from the Bank under any loan, cash
credit, overdraft or other arrangement or goods the property of the Borrower (or any one or more of them as the case
may be) stored in the Bank's premises or godowns in or towards payment of the balance for the time being due to the
Bank, and in the event of such money or moneys being insufficient for the discharge in full of such balance, the
Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be prepared and signed as
in Clause 17(e) hereinafter provided (which shall be conclusive) to pay any balance which may appear to be due by
the Borrower thereon PROVIDED ALWAYS that nothing herein contained shall be deemed to negative qualify or
otherwise prejudicially affect the right of the Bank (which it is hereby expressly agreed the Bank shall have) to
recover from the Borrower the balance for the time being remaining due from the Borrower to the Bank upon the
said Loan Account notwithstanding that all or any of the hypothecated premises may not have been realised.
c) In the event of there being a surplus available of the net proceeds of such sale after payment in full of the balance
due to the Bank it shall be lawful for the Bank to retain and apply the said surplus together with any other money or
moneys belonging to the Borrower for the time being in the hands of the Bank in or under whatever accounts as far
as the same shall extend against in or towards payment or liquidation of any and all other moneys which shall be or
may become due from the Borrower whether solely or jointly with any other person or persons, firm or company to
the Bank by way of loans, discounted bills, letters of credit, guarantees, charges or of any other debits or liability
including bills, notes, credits and other obligations current though not then due or payable or other demands legal or
equitable which the Bank may have against the Borrower or which the law of setoff or mutual credit would in any
case admit and whether the Borrower shall become or be adjudicated bankrupt or insolvent or be in liquidation or
otherwise with interest thereon from the date on which any and all advances in respect thereof shall have been made
at the rate or respective rates at which the same shall have been so advanced.
d) If after the settlement of all claims of the Bank against the Borrower any surplus shall remain, the Bank shall pay
such surplus to the Borrower.
e) The Borrower agrees to accept without question in and out of Court as conclusive proof of amount realized by
any such sale as aforesaid and of any sum claimed to be due from Borrower and to the Bank under this agreement
and of the costs and expenses incurred in connection therewith a statement of account made out from the papers
and/or Books of the Bank and signed by the Manager or the Agent or the Accountant or other duly authorised officer
of the Bank without the production of any other voucher, document or paper.
18) The Borrower shall duly and punctually pay, perform and observe all rents, rates, taxes, assessments and other
out goings whatsoever covenants and obligations which ought to be paid or observed or performed by the Borrower
in respect of the premises in which any of the hypothecated premises may from time to time be situated.
19) This Agreement is not to prejudice the rights or remedies of the Bank against the Borrower irrespective and
independent of this agreement in respect of any other advances made or to be made by the Bank to the Borrower.
20) Any notice in writing required be served hereunder shall be sufficiently served if addressed to the Borrower at
his address registered in the Bank or in the event of no such address being registered at the last known place or

residence or business and left at such address or place or forwarded to him by post at the address or place aforesaid.
A notice sent by post shall be deemed to be given at the time when in due course of post it would be delivered at the
address to which it is sent, and in proving such notice when given by post it shall be sufficient to prove that the
envelope containing the notice was posted and a certificate signed by the Bank's Local Manager or Agent or
Accountant or other authorised Officer that the envelope was so posted shall be conclusive. If for any reason the
Borrower cannot be given any such notice the same inserted once in an advertisement in a newspaper circulating in
the District of the Bank's Office shall be deemed to have been effectually given and received on the day on which
such advertisement appears
21) If the Borrowers be more than one individual, all shall be bound hereby jointly and severally and if the Borrower
shall be a firm, such firm and all members from time to time thereof and all retiring members shall be bound hereby
notwithstanding any change in the constitution or style thereof and whether the firm shall consist of or be reduced to
one individual. No changes whatever that may take place in the constitution of the Borrower or Bank (whether by
amalgamation or otherwise) shall impair or discharge the liability of the Borrower hereunder. The Borrower (if a
firm) shall not however make any change in the firm without previous reference to the Bank.
22) The Borrower hereby agrees on demand by the Bank in that behalf to execute such documents in favour of the
Bank as may be necessary or advisable to hypothecate or further assure the hypothecated premises in favour of the
Bank.
In witness whereof the Borrower has executed these presents the day and year above written.

LDOC 23 "Refinance agreement "a" (23)

/STAMP AS ON AGREEMENT/
Place : _________________
ARTICLES OF AGREEMENT made this the ______________________ day of __________________ between
_________________________________________________ __________________________________ (hereinafter
referred to us as "the Borrower") of the one part and BANK NAME XXXXX having its Head Office at Baroda and
a branch office at _____________________________________ ___________ (hereinafter referred to as "the
Bank") of the other part.
WHEREAS the Borrower has applied to the Bank for a loan / advance of Rs. _______________________ upon the
basis of and for the purposes set BRANCH h in the Borrower's proposal dated the ________________________ a
copy whereof is annexed to this Agreement (hereinafter called "the Borrower's proposal").
AND WHEREAS the Bank has agreed to advance such loan upon the terms set BRANCH h in these presents and in
other documents listed in the Schedule hereto (hereinafter collectively referred to as "the security documents").
NOW IT IS AGREED in consideration of the premises as follows :-1. The Borrower's proposal shall be deemed to constitute the basis of this Agreement and of the loan to be advanced
by the Bank hereunder and the Borrower hereby warrants the correctness of each and every one of the statements
and particulars herein contained and undertakes to carry out the proposals therein set BRANCH h.
2. The Borrower hereby agrees that the said advance shall be governed by the terms contained herein as well as
those embodied in the security documents listed in the Schedule hereto except in so far as the security documents
may expressly or by necessary implication be modified by these presents.
3. The Borrower expressly agrees and undertakes that the said advance shall be utilised exclusively for the purposes
set BRANCH h in the Borrower's proposal and for no other purpose, and that the Borrower will not undertake any
expansion programme during the pendency of the advance without obtaining the Bank's prior permission in writing
to do so. We understand that it is on the faith of the aforesaid representation that the Bank has consented to entertain
the Borrower's proposal for an advance.

4. The Borrower agrees and undertakes to notify the Bank in writing of any circumstances affecting the correctness
of any of the particulars set BRANCH h in the Borrower's proposal within _____________________ days after the
occurrence of any such circumstance.
5. The advance shall be repayable by the Borrower as under and the Borrower shall in the meantime pay interest at
the rate of _____________ % over Prime Lending Rate of the Bank per annum plus Interest tax with monthly /
quarterly / half yearly / yearly rests or at such rate or rates as the Bank may specify to the Borrower in writing in
accordance with the Bank's prime lending rate and the Borrower's credit rating with the Bank from time to time
payable every quarter as on the 31st March, 30th June, 30th September and 31st December in each year :Amount of Installment Due on
"In case of default in payment of the installment of principal and/or regular payment of interest on the due dates as
agreed to, the Borrower shall be liable to pay additional or penal interest on the amount in default at the rate of
______% per annum over the rate of interest on the loan, for the period from the due date of installment/interest to
the date on which the amount is actually paid."
6. Notwithstanding anything herein or in the security documents contained the whole advance shall become
BRANCH hwith due and payable by the Borrower to the Bank and the Bank will be entitled to enforce its security
upon the happening of any of the following events, namely(a) any installment of the principal moneys being unpaid upon the due date of payment thereof;
(b) any interest remaining unpaid and in arrears for a space of three months after the same shall have become due
whether demanded or not;
(c) the Borrower's committing any breach or default in the performance or observance of these presents and/or the
borrower's proposal and/or security documents or any other term or condition relating to the advance;
(d) the Borrower's entering into any arrangement or composition with its creditors or committing any act of
insolvency;
(e) execution or distress being enforced or levied against the whole or any part of the Borrower's property;
(f) the Borrower's (if a Company) going into liquidation (except for the purpose of amalgamation or
reconstruction);
(g) any of the partners of the Borrower (if a firm) being adjudicated insolvent or taking advantage of any law for the
relief of insolvent debtors;
(h) a Receiver being appointed in respect of the whole or any part of the property of the Borrower;
(i) the Borrower ceasing, or threatening to cease, to carry on business;
(j) the occurrence of any circumstances which is prejudicial to or impairs, imperils or depreciates or is likely to
prejudice, impair, imperil or depreciate the security given to the Bank;
(k) the occurrence of any event or circumstance which would or is likely to prejudicialy or adversely affect in any
manner the capacity of the Borrowers to repay the loan;
On the question whether any of the above events has happened, the decision of the Bank shall be conclusive and
binding on the Borrower.
6-A It is hereby agreed that if any installment is paid by the Borrower before it falls due, the amount will not be
credited to the loan account but will be treated as a separate deposit with the Bank on which interest will be allowed
at our current rate on similar deposit.
7. It is hereby expressly agreed that the Bank shall be at liberty to assign the debt and the benefit of these presents
and the securities for the advance and the security documents to the Industrial Development Bank of India as
security for any refinance obtain by the Bank from the said Industrial Development Bank of India in respect of the
loan agreed to be advanced by the Bank to the Borrower and the Borrower shall if and whenever required by the
Bank to do so at the Borrower's own expense do and execute and join in doing and executing all such acts, things,
deeds, documents or assurances, as the Bank may require for the effectuation of such assignment.
7. (a) The Borrower shall not, without the written consent of the Bank sell or otherwise dispose of. or create in any
manner any charge, lien or other encumbrance on the security given to the Bank in respect of such advance or create
any interest in such security in favor of any other party or person.
8. The Borrower shall insure to the satisfaction of the Bank and keep insured all property constituting the Bank's
security against fire and all other risks in a sum equivalent to its full market value in an office approved by the Bank
in the joint names of the Bank and the Borrower or otherwise as the Bank may require and shall duly and punctually
pay all premiums and shall not do or suffer to be done any act which may invalidate or avoid such insurance and
shall deposit the insurance policy and all cover notes, premium receipts and other documents connected therewith
with the Bank. Any moneys realized from such insurance shall at the option of the Bank be applied either in
reinstating the security or in repayment of the loan advance and interest.

9. The Borrower shall, upon every reasonable request of the Bank allow the Bank and any nominee, servant or agent
of the Bank to inspect the Borrower's premises and plant and the Borrower's book of account for ensuring that the
Borrower has duly complied with the terms of the advance.
10. The Borrower will furnish the Bank with all such information as the Bank may reasonably require for the Bank's
satisfaction as to due compliance with the terms of the advance and all such periodical reports and information at
such times, in such form and containing such particulars, as the Bank may call for, for the purpose of ascertaining
the results of the utilization of the said advance.
11. The Bank shall be at liberty to furnish to the Industrial Development Bank of India any such information or
report, whether received by the Bank from the Borrower or otherwise in the Bank's possession.
THE SCHEDULE
_________________________________________________________________________________
Date of Parties Brief Description Brief particulars
Document of property secured
by instrument.
_________________________________________________________________________________
IN WITNESS whereof the Borrower has caused Common Seal to be affixed hereunto and the Bank has set its hands
hereunto through its accredited representative on the________ day of____________
The Common Seal Of_________________________
___________________________________________
was hereunto affixed pursuant to a resolution passed
by the Board of directors of the Company at their
meeting held on______________________________
in the presence of ___________________________
SIGNED AND DELIVERED by BANK NAME XXXXX, by its accredited
representative,____________________________________________________ acting in the premises on behalf of
and under the authority of Board Resolution.

LDOC 24 HYPOTHECATION OF HIRE PURCHASE 24

AGREEMENTS RELATING TO MOTOR VEHICLES
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX,
_____________ Branch
Place :
THIS AGREEMENT made this ___________________day of ________________ between
___________________________________________________________________ (hereinafter called "the

Borrower") of the one part AND BANK NAME XXXXX a banking company having its Head Office in Baroda in
the State of Gujarat and having a place of business in ___
_________________________________________________________________________________ (hereinafter
called "the Bank") of the other part: WHEREAS the Bank has at the request of the Borrower agreed to grant
accommodation to the Borrower by way of cash credit account (hereinafter called "the said Cash Credit Account")
in order to enable the Borrower to purchase motor vehicles and let them out on hire-purchase agreement and to be
secured by the Borrower's demand promissory note for Rs. ________________ by the deposit of all hire purchase
agreements for vehicles entered into or to be entered into by the Borrower and by the transfer to the Bank of all
promissory notes and securities taken or to be taken by the Borrower from the hirers of vehicles and to be further
secured as hereinafter provided.
NOW IT IS HEREBY AGREED BY AND BETWEEN the parties hereto as follows :
1. This Agreement shall operate as a security to the Bank in addition to any other security already held by the Bank
for the repayment to the Bank at _____________________ on demand of the balance due to the Bank by the
Borrower at any time or ultimately on the closing of the said Cash Credit Account upto the sum of
Rs._________________________(Rs.______________________). The expression "the balance due to the Bank" in
this and the subsequent clauses of this Agreement shall be taken to include the Principal money from time to time
due on the said Account whether demanded or not and also all interest calculated from day to day in manner and at
the rate hereinafter mentioned and the amount of all costs (between attorney and client) charges and expenses of the
Bank which the Bank may have paid or incurred in any way in connection with the goods hypothecated described in
Clause 2 hereof including the sale or disposal thereof and any other sum that is hereunder declared to be debit able
to the account.
2. All vehicles now or hereafter let out by the Borrower on hire with all ancillary fittings, additions, tools,
assessories and equipment let out therewith or forming part thereof (all hereinafter collectively called " the said
goods" ) are hereby hypothecated to the Bank by way of first charge as further security for the payment by the
Borrower to the Bank on demand of the balance due to the Bank with all interest, discount, commission, charges,
costs (between attorney and client ) and expenses payable to or incurred by the Bank in relation thereto.
3. Interest at the rate of ________ per cent over the Bank's Prime Lending Rate per annum plus interest tax shall be
calculated on the daily balance payable by the Borrower to the Bank and charged in account quarterly/half
yearly/yearly rests in accordance with the practice of the Bank.
4. The Borrower will utilize the moneys advanced by the Bank from time to time under this Agreement exclusively
for the business of supplying vehicles on the hire-purchase system and of purchasing vehicles for the said purpose.
5. (a) The Bank shall be required to make or continue advances on the said Cash Credit Account otherwise than at
the Bank's discretion and in no circumstances to an amount at any one time exceeding with interest thereon the sum
of RS. ___________ or a sum equal to _________________ per cent of the total amount of the installments still to
be paid by hirers to the Borrower under hire-purchase agreements then in force whichever amount may be the less.
(b) The Borrower will at all times maintain the said margin of security required by the Bank and will BRANCH
hwith whenever necessary restore such margin by paying to the Bank such sum as may be necessary for that
purpose.
(c) All moneys received by the Borrower from the hirers, in payment of installments due under hire-purchase
agreements between the Borrower and hirers shall be deposited by the borrowers in the said Cash Credit Account.
6. The Borrower shall insure and keep insured the said vehicles before final delivery thereof to the hirer against loss
or damage and against such risks as the Bank may specify in an insurance company approved by the Bank. The
policies will contain an endorsement to the effect that the vehicles insured is the subject matter of a Hire-Purchase
Agreement and that the owner has hypothecated the vehicles to the Bank as security for advances and that the policy
Moines will be paid to Bank so long as the hypothecation in favor of the Bank remains in force. The Borrower
undertakes punctually to pay all preemie due on such insurance's and deliver the receipts for preemie to the Bank
and should the Borrower fail so the keep insured or deliver such policies and receipts to the Bank, the Bank shall be
at liberty but not bound to effect such insurance's at the Borrower's expenses and all sums received under any
insurance's as aforesaid shall be applied in the first instance in or towards the Borrower's liability for the time being
howsoever arising.
7. The Bank its agents and Nominees shall be entitled at all times without notice to the Borrower but at the
Borrower's risk and expense and if so required as Attorney for and in the name of the Borrower to enter any place
where the said goods may be and inspect, value, insure, superintend, dispose of and/or take particulars of all or any
part of the said goods and check any statement, accounts, reports and information and / or to take possession of the
said goods or any of them as hereinafter provided.

8. The Borrower will carry on business efficiently and will furnish and verify all statements, reports, returns,
certificates, accounts, documents and information as the Bank may require and will submit to the Bank monthly or
more often as may be required statements and inventories of the said goods with full particulars of all current
agreements of hire-purchase in respect of any of the said goods and lists of current insurance policy and amounts
attached verified by certificates signed by the Borrower that the quantities and amounts and other particulars stated
are correct and that all the said goods are fully covered by insurance and with such other particulars as the Bank may
prescribe in this behalf and will execute all documents and do all acts and things which the Bank may require to give
effect to this Agreement and the Borrower authorizes the Bank through its Agents and Nominees as Attorney for and
in the name of the Borrower to do whatever the Borrower may be required to do under this Agreement.
9. The Borrower shall deliver to the Bank all hire-purchase agreements entered into by the Borrower from time to
time and on demand made by the Bank duly assigned the said hire-purchase agreements to the Bank together with
the policies of insurance or certificates of insurance in respect of the subject matter of the said hire-purchase
agreements and the Bank after demanding such assignment shall be entitled to exercise all the rights of the Borrower
under the said hire-purchase agreements or any of them and the policies relatives thereto as if the Bank were named
therein including the right (if any) of taking possession of all or the vehicle with the fittings, additions, tools,
accessories and equipment let out therewith or forming part thereof and comprised in the said hire-purchase
agreements.
10. On any default of the Borrower in payment of any money hereby secured or the performance of any obligation
to the Bank or the occurrence of any circumstances in the opinion of the Bank endangering this security the Bank
shall be entitled at the Borrower's risk and expense as Attorney for and in the name of the Borrower or otherwise to
exercise all the rights of the Borrower under the said hire-purchase agreements or any of them as if the Bank were
named therein including the right (if any) of taking possession of the goods let out under such agreements and to
take possession of, recover, receive appoint Receivers of, remove and /or sale by public auction or private contract
dispatch for realisation or otherwise dispose of or deal with all any part of the said goods and to take possession
and /or appoint Receivers of all or any part of the said debts and assets give notices an demands to debtors and third
parties liable therefor, sue for recovery, receive and give receipts for the same and sell or realise by public auction or
private contract and transfer and assign or otherwise dispose of all or any part of the amounts payable under hirepurchase agreements and generally to enforce, settle, compromise, submit to arbitration or deal in any manner with
any rights debts or claims under this security and to complete any engagements and carry on the business of the
Borrower through agents, managers or otherwise without being bound to exercise any of these powers or being
liable for any loss in the exercise thereof and without prejudice to the Bank's rights and remedies of suit or otherwise
under this agreement or otherwise and notwithstanding there may be any pending suit or other proceeding AND the
Borrower hereby undertakes to give notices to debtors as and when required by the Bank and to transfer and deliver
to the Bank all relative documents and papers and agrees to accepts the Bank's accounts of receipts from realisation
as sufficient proof of amounts realised and relative expenses and to pay on demand any shortfall or deficiency
thereby shown. The Borrower agrees that for any of the purpose mentioned in this Clause 48 hours notice by the
Bank to the Borrower shall be reasonable notice. The Borrower further agrees that any loss, damage or costs charges
or expenses that may arise or be caused or incurred by any act or decision of the Bank under the powers herein
contained shall be at the risk and on the account of the Borrower.
11. Provided that the Borrower may subject to the provisions of this Agreement and with the approval of the Bank
deal with the said goods and the said debts in due course of business on the express understanding that the same and
all proceeds thereof and documents therefor are always kept distinguishable and held as the Bank's exclusive
property specifically appropriated to this security to be dealt with only under the directions of the Bank and the
Borrower shall not except with the previous consent of the Bank in writing, create any mortgage, charge, lien or
encumbrance upon or over the same or any part thereof except to the Bank nor suffer any such mortgage, charge,
lien or encumbrance to affect the same or any part thereof nor do or allow anything that may prejudice this security.
12. (a) The Bank shall apply the net proceeds of sale of the premises in satisfaction so far as the same shall extend of
the Bank or so much thereof as shall remains unpaid including interest at the rate aforesaid until payment and
including all costs as between Attorney and Clients charges and expenses incurred by the Bank on any account
whatsoever . If the net sum realised by such sale be insufficient to cover the balance due to the Bank, the Borrower
shall be liable BRANCH hwith on production to the Borrower of an account to be prepared and signed as provided
in Clause (d) hereof (which shall be conclusive) to pay the balance appearing due to the Bank. without prejudice to
such obligation of the Borrower the bank shall be entitled (but shall not be bound) to apply any other money or
moneys in the hands of the Bank standing to the credit of or belonging to the Borrower (or if there be more than one
Borrower or if there be more than one partner in the Borrower firm then to the credit of or belonging to any one or
more of such person) or any money which the Borrower (or which any one or more of them as the case may be )

may then or at any time thereafter be entitled to draw from the Bank under any Loan, Cash Credit, Overdraft or
other arrangement or goods the property of the Borrower (or any one or more of then as the case may be) stored in
the Bank's premises or godowns in or towards payment of the balances for the time being due to the Bank, and in the
event of such money or moneys being insufficient for the discharge in full of such balances, the Borrower shall be
liable BRANCH hwith on production to the Borrower of an account to be prepared and signed as in Clause (d)
hereinafter provided (which shall be conclusive) to pay any balance which may appear to be due by the Borrower
thereon PROVIDED ALWAYS that nothing herein contained shall be deemed to negative, qualify or otherwise
prejudicially effect the right of the Bank (which it is hereby expressly agreed the Bank shall have ) to recover from
the Borrower the balances for the time being remaining due from the Borrower to the Bank upon the said Cash
Credit Account notwithstanding that all or any of the hypothecated premises may not have been realised.
(b) In the event of there being a surplus available of the net proceeds of such sale after payment in full of the balance
due to the Bank it shall be lawful for the Bank to retain and apply the said surplus together with any other money or
moneys belonging to the Borrower for the time being in the hands of the Bank in or under whatever account as far as
the same shall extend against in or towards payment or liquidation of any all other moneys which shall be or may
become due from the Borrower whether solely or jointly with any other person or persons, firm or company to the
Bank by way of loans, discounted bills, letter of credit, guarantees, charges or of any other debits or liability
including bills, notes credits and other obligations current though not then due or payable or other demands legal or
equitable which the Bank may have against the Borrower or which the law of setoff or mutual credit would in any
case admit and whether the Borrower shall become or be adjudicated bankrupt or insolvent or be in liquidation or
otherwise with interest thereon from the date on which any all advances in respect thereof shall have been made at
the rate or respective rates at which the same shall have been so advanced.
(c) If after the settlement of all claims of the Bank against the Borrower any surplus shall remain, the Bank shall pay
such surplus to the Borrower.
(d) The Borrower agrees to accept without question in and out of Court as conclusive proof of the amount realized
by any such sale as aforesaid and of any sum claimed to be due from the Borrower to the Bank under this agreement
and of the costs and expenses incurred in connection therewith a statement of account made out from the papers
and /or Books of the Bank and signed by the Manager or the Agent or the Accountant or other duly authorized
officer of the Bank without the production of any other voucher, documents or paper.
13. This agreements and the securities herein referred to shall be security for the payment by the Borrower of the
balance due to the Bank from time to time and also of the ultimate balance with interest thereon to become payable
on the said Cash Credit Account and the said Cash Credit Account is not to be considered to be closed for the
purpose of this security and the security is not to be considered exhausted by reason of the said Cash Credit Account
being brought to a credit by payments made in to the said account at any time or from time to time or its being
drawn upon to the full extent of the said sum of Rs.______ or its being reduced or extinguished and afterwards
reopened.
14. This Agreement is not to prejudice the rights or remedies of the Bank against the Borrower irrespective and
independent of this agreement in respect of any other advances made or to be made by the Bank to the Borrower.
15. Any notice in writing required to be served hereunder shall sufficiently served if addressed to the Borrower at
his address registered in the Bank or in the event of no such address being registered at the last known place of
residence or business and left at such address or place or forwarded to him by post at the address or place aforesaid.
A notice sent by post shall be deemed to be given at the time when in due course of post it would be delivered at the
address to which it is sent, and in proving such notice when given by post it shall be sufficient to prove that the
envelope containing the notice was posted and a certificate signed by the Bank's Local Manager or Agent or
Accountant or other authorised Officer that the envelope was so posted shall be conclusive. If for any reason the
Borrower cannot be given any such notice the same inserted once in an advertisement in a newspaper circulating in
the District of the Bank's Office shall be deemed to have been effectually given and received on the day on which
such advertisement appears.
16 . If the Borrower be more than one individual all shall be bound hereby jointly and severally and if the Borrower
shall be a firm such firm and all members from time to time thereof and all retiring members shall be bound hereby
notwithstanding any change in the constitution or style thereof and whether the firm shall consist of or be reduced to
one individual. No changes whatever that may take place in the constitution of the Borrower or Bank (Whether by
amalgamation or otherwise ) shall impair or discharge the liability of the Borrower hereunder. The Borrower (if a
firm) shall not however make any change in the firm without previous reference to the Bank.
17. The Borrower hereby agrees on demand by the Bank in that behalf to execute such documents in favour of the
Bank as may be necessary or advisable to hypothecate or further assure the hypothecated premises in favour of the
Bank.

18. The Borrower also agrees that notwithstanding anything herein before contained, the bank shall not be bound to
allow or continue the Cash Credit Account to any time than the Bank shall in its absolute discretion see fit to do.
19. It is declared that all said goods and the said debts including the Borrower's right title and interest in the said
hire-purchase agreements presently hypothecated as aforesaid are the absolute property of the Borrower at the sole
disposal of the Borrower and free from any prior charge or encumbrance and that all future goods and debts and
assets and right title and interest in hire-purchase agreements hereunder shall be likewise the unencumbered absolute
and disposable property of the Borrower.
IN WITNESS WHEREOF the Borrower had executed these presents the day and year first above written.
LDOC 25 (25)
COMPILATION RE : ADVANCES TO AUTOMOBILE DEALERS AGAINST HIRE PURCHASE
AGREEMENT
___________________________________________________________________________________
DEALER
HIRER
___________________________________________________________________________________
Date ________________
To,
BANK NAME XXXXX
_______________ branch.
Dear Sirs,
I/We enclose application of Mr./M/s. _________________________________________
_____________________________________________________________________________
_______________________________________________________________________________ requesting you to
hire the vehicle described in the particulars annexed to the application to him/them on the terms mentioned in the
particulars.
I/We have investigated the financial standing and local reputation of the applicant(s) and his/their guarantor which
are as under and I/We vouch for the same.
_________________________________
_________________________________
_________________________________
PROPOSAL OF THE HIRER
Dated at ___________________ (Place) on _____________________ (Date)
To:BANK NAME XXXXX
_______________ branch.
Dear Sir,
I/We apply to you to hire to me/us the vehicle described in the particulars annexed hereto on the terms mentioned in
the particulars. To induce you to do so, I/We make the following representations and answer the under mentioned
questions and warrant my/our statements to be true and correct in every detail.
I/We further undertake to sign the hire agreement in your usual form which has been shown to me/us. after
incorporating therein the terms mentioned in the particulars annexed hereto.
1. (a) Full Name of Hirer (Age ) ______________________________________
(b) Profession or Occupation ___________________________________________
(c) Business Address _________________________________________________
(d) Residential Address ________________________________________________
(e) Nationality ______________________________________________________
(f) Phone No. Rei. _____________________ Office ________________________
(g) Account with Bank ________________________________________________
branch _________________________________________________________
2. What income have you, besides the remuneration expected from the vehicle ?
______________________________________________________________
_____________________________________________________________

3. Have you any property or investment ? State particulars and amounts and whether encumbered (giving has not
Numbers, Reference)
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
4. Have you ever had a suit or other proceedings filed against you or a decree passed against you which has not been
satisfied ?
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
5. Have you ever been bankrupt or insolvent, or have you ever arranged with your Creditors ?
____________________________________________________
6. (a) Make and type of vehicle _________________________________________
Registered No. _________________________________________________
(b) Purpose for which it will be used ___________________________________
(c) Seating and/or carrying capacity ___________________________________
(d) Address at which it will normally be garaged __________________________
(e) Permit Number ______________ in whose name ______________________
______________________________________________________________
(f) District in which it will be used or Route upon which it will run _____________
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
(g) How much on an average do you expect to earn from this vehicle ?
_____________________________________________________________
7. Has an application been made to any Company for a vehicle on Hire Purchase terms ? If so, give name of the
Company____________________________________
Was the application accepted ?_________________________
Was the contract completion satisfactory ?______________________________________
________________________________________________________________________
8. Have you previously held a Motor Vehicle Insurance Policy ?
_____________________________________________________________
_____________________________________________________________
9. Has any Company decided your proposal or refused to renew your Insurance Policy ?
_____________________________________________________________________
10. (a) What accidents, if any, have occurred to the vehicle owned by you ?
_____________________________________________________________
(b) Have you been convicted of any offence, e.g. overloading etc. ?
_____________________________________________________________
_____________________________________________________________
11. (a) Full Name of Guarantor (Age ) __________________________________
_____________________________________________________________________
(b) Profession or Occupation ___________________________________________
Phone No. Resi. _____________________ Office _____________________________
(c) Business Address _________________________________________________
(d) Residential Address ______________________________________________
(e) Nationality _____________________________________________________
(f) Father's name and permanent address _________________________________
___________________________________________________________________
(g) Value and particulars of property owned by the guarantor and his monthly income, giving Survey Numbers
___________________________________________
_________________________________________________________
_________________________________________________________
(h) Account with Bank _______________________________________________
branch ________________________________________________________
Dated at _________________________ this _________________________

day of _______________________________
Signature of Hirer
_______________________
If ____________________________________________________ accept the above mentioned application I/We
undertake to stand guarantee for the applicant and to sign the necessary guarantee to be endorsed on the hirepurchase-agreement.
I/We further guarantee that the particulars mentioned above by the applicant, are correct.
_______________________________
Signature of Guarantor
PARTICULARS OF VEHICLE ANNEXED TO THE PROPOSAL OF THE HIRER
1 .Make _______________ 2. H. P. ________________ 3. Cylinders _________________
4. Model _____________________________________ 5. Engine No. _______________
6. Chassis No. ________________________________ 7. Key No. __________________
8. Retail price of vehicle ex-factory Rs. _______________________
9. Sales & General Sales-Tax Rs. _______________________
10 Option money Rs. _______________________
11 _____________________ Rs. _______________________
12. Total price of vehicle Rs. _______________________
13. Initial Hire Rs. _______________________
14. Balance Rs. _______________________
15. Finance charge Rs. _______________________
16. Service charge Rs. _______________________
17. Total outstanding Rs. _______________________
Payable in ______ months at Rs. ____________________________________________
each commencing from ________________
18. Total amount of hire (i.e. total price of vehicle plus finance & service charges) Extra
paid _____________________
(a) Registration Fee Rs. _______________________
(b) Papers & Stamps Rs. _______________________
(c) Insurance Rs. _______________________
(d) _______________ Rs. _______________________
Total ... Rs. __________________
Any other sales or other tax payable in respect of the transaction shall be payable by the Hirer.
Signature of Hirer ____________________________
Signature of Guarantor _________________________
Please copy the amounts marked * on the agreement.
Photograph of Guarantor Photograph of Hirer
(To be filled in by the Company)
Payment Sanctioned by : __________________________________________________
Party introduced by : __________________________________________________
Party's position verified by : __________________________________________________
Any special remarks about this case : __________________________________________
Trade-in (if any) : __________________________________________________
*Sub-dealer's Name : __________________________________________________
*(Delete when not necessary).
Identification No.

Agreement
/STAMP AS ON AGREEMENT/
This Agreement made the _____________________day of _________________________. between
M/s._________________________________________________________carrying on business at
_______________________ (hereinafter called the Owners which expression shall include their successors and
assigns, where the context so admits) of the first part and ______
________________________________________________________________ (hereinafter called the Hirer) of the
Second part and___________________________________________(hereinafter called the Guarantor) of the Third
Part witnesseth that :Whereas the Hirer has signed a Proposal Form (which is to be regarded as the basis of this contract), it is hereby
agreed as follows :Clause I. The Owners, being the owners of the Motor Vehicle
with fittings, tools and accessories and additions ----------------------------------------------------------------more particularly described in the Schedule hereto Payment by way of Hire
and hereinafter collectively called "the vehicle" 1st Month Rs. _____________
agree to let and the Hirers agree to hire the vehicle 2nd Month Rs._____________
from the date hereof subject to the terms and 3rd Month Rs.______________
conditions herein contained and hereto annexed 4th Month Rs.______________
and which shall be taken and read as part of this 5th Month Rs.______________
Agreement. ___________________________________
Clause II. On the execution of this Agreement,
the Hirer shall pay to the Owners in cash a sum
of Rupee one is consideration of option to purchase
given to the Hirer by Clause IV hereof.
Clause III. The Hirer shall pay to the Owners in ______
________________ on the execution of this Agreement
the sum of Rs. _______________
(*A) as an initial payment by way of hire which shall become the absolute property of the Owners and will
punctually pay to the Owners at their address for the time being at _________ and without previous demand the
sums mentioned in the margin hereof, by way of rent, for the hire of vehicle the first payment to be made the
_______________ day of ____________, and each subsequent payment on or before the _____________ day of
every succeeding calendar month unless the Hirer shall have terminated this Agreement as hereinafter provided.
Clause IV. If the Hirer shall duly perform and observe all the terms and conditions in this Agreement contained and
on his part to be performed and observed and shall in manner aforesaid pay to the Owners monthly sums by way of
rent amounting together with the said sum of Rs.____________
(*A) So paid on the execution of this Agreement as aforesaid of the sum of Rs.________________
(*B) and shall also pay to the Owners all other sums of money which may become payable to them by the Hirer
under this agreement, the hiring shall come to an end and the vehicle shall at the option of the Hirer become his
property and the Owners will assign and make over all their rights, title and interest in the same to the Hirer, but
until such payments as aforesaid have been made and until the Owners make over all their right, title and interest of
the hirer the vehicle shall remain the absolute property of the Owners.
Clause V. The Guarantor, in consideration of the Owners agreeing to hire the vehicle to the Hirer, agrees :a) As the principal obliger to observe and perform the terms and conditions of this Agreement and also hereby
guarantees the due performance and observance thereof by the Hirer and agrees to pay on demand any moneys due
or which become payable under this Agreement (and not paid by the Hirer) either by way of debt or damages or
cost, or expenses and further agrees that any time granted to the Hirer or any indulgence shown in respect of the
terms and conditions herein either in the shape of releasing or reliving the vehicle after seizure to the Hirer or in any
other manner shall not prejudice the Owner's right or relieve the Guarantor from his guarantee and that it shall not be
necessary upon the Hirer being granted any such concession or indulgence as aforesaid for the Owners to give any
notice to the Guarantor thereof;

and for the purposes of this clause the Owners are empowered to give consent on the Guarantor's behalf and any
such consent shall be deemed to have been given by the Guarantor and shall bind him as if the same had been
expressly given by him in writing. He further agrees that the Owner's right or lien on the vehicle or right to seize the
same shall not be destroyed by reason of any judgment, decree or order obtained against the Hirer or himself or
both.
Schedule above referred to
Motor _______ of _______ H.P. having cylinders and painted _______________ bearing No. ________________
on the Engine and No. ____________________ on the basis registered under Policy No.
_____________________________ complete with accessories. Year of Manufacture _______________________
In Witness whereof the parties hereto have set their hands the day and year first herein before written.
Witness ______________________ Signature of Hirer _______________________
Witness ______________________ Signature of Guarantor ___________________
Witness ______________________ Signature of Owners _____________________
Conditions above referred to :
1. The Hirer shall be at liberty at any time during the continuance of this Agreement to terminate the hiring by
returning the vehicle to the Owners in _____________ (in the same order and condition in which it was delivered to
the Hirer, fair wear and tear excepted) free of all expenses to the Owners, but this shall be without prejudice to any
claims the Owners may have against the Hirer in respect of this Agreement.
2. The Hirer further agrees :a) To keep the vehicle in thorough working condition and to make no alteration thereon or addition thereto without
the previous written consent of the Owners, And it is agreed that in the event of this Agreement being terminated by
the Owners or the Hirer, such additions or alterations as aforesaid shall be deemed to be the absolute property of the
Owners, provided always that the Hirer shall not have or be deemed to have any authority to pledge the credit of the
Owners for repairs, alteration or additions. (The payments specified in clause III and IV are not subject to
suspension or delay by reason of the vehicle requiring or undergoing repairs.)
b) To indemnify the Owners against loss by reason of damage or destruction or loss of the vehicle from any causes
whatsoever or by reason of claims by third parties in respect of the same.
c) To keep the Owners notified of his address and the address of the premises where the vehicle is kept and of the
route or routes where the vehicles is running and any change of the same as soon as made.
d) To allow the Owner's representatives free access at all reasonable times to inspect the vehicle or to take
possession of the same as hereinafter mentioned.
e) To have the vehicle registered in the name of the Owners and not to sell, mortgage, pledge, hypothecate, hire or
otherwise deal with the vehicle, nor to part with the possession of the vehicle nor to remove it out of
________________________ without the express written permission of the Owners previously obtained, also not to
use the vehicle for any purpose other than that declared in the original proposal form.
f) To pay in the name and on behalf of the Owners all fees and taxes, payable in respect of the vehicle as and when
the same become due and to indemnify the owners against all such payments.
g) At all time s to display and not to remove or cover the plate affixed to the vehicle showing the ownership of the
same.
3. The Hirer agrees to pay to the Owners interest at the rate of __________ percent per annum on the amount of any
sums overdue, including any sum of taxes, fees repairs and supplies which may be due from the Hirer to the Owner
in respect of the vehicle. But this provision shall not in any way affect or prejudice the right of the Owners as
provided herein to recover possession of vehicle and to determine this Agreement on default of payment of any of
the monthly hire payment.
4. The Hirer acknowledges that he holds the vehicle as a bailee of the Owners and shall not have any proprietary
right or interest as purchaser therein until he having exercised his option of purchase as herein before provided by
payment of the whole amount due under this agreement or under any term thereof, the Owners make over to him all
their right, title and interest in the vehicle.
5. The Owners may terminate, with or without notice, the contract of hiring and BRANCH hwith retake and recover
possession of the vehicle.
a) If any monthly hire or part thereof is in arrears and left unpaid for a period of seven days after the date fixed for
its payment for any reason whatsoever and particularly notwithstanding any claim which the Hirer may have in
respect of insurance hereinafter mentioned.
b) If the Hirer commits or suffers any breach of the conditions and obligation herein stipulated to be observed and
performed by him.

c) If the Hirer omits to inform the Owners within 48 hours thereafter, (in case the vehicle is insured) of accident
which causes either damage to the vehicle, bodily injury to any third party or damage to any other vehicle or
property.
d) If the Hirer dies, becomes insolvent or has a receiving order made or an insolvency notice served upon him or any
attachment is levied on any of his property or the Hirer allows the vehicle to be sized in distress or execution or
under any other process of law.
Any such termination shall be without prejudice to the claims the Owners may have in respect of any terms or
conditions of this Agreement and it is further agreed that if the hiring is determined by the Owners or by the Hirer in
manner herein provided all hire ( and damages for the breach of this Agreement) up to the date of such
determination shall be paid by the Hirer to the Owners and no payment, credit or allowance, in respect of payment
previously made shall be made or allowed to the Hirer.
6. If the vehicle is insured by the Owners, the Hirer will, if he is not overdue with his payment, be granted such
benefits as the Owners derive from the insurance in respect of claims such insurance shall not absolve the Hirer from
his liability under condition 2(b) hereof provided always that in the event of the vehicle being destroyed or being so
extensively damaged as to be in the opinion of the Insurance Company a total loss, then, and in that case, the amount
recoverable under the insurance policy shall be applied in the first place in paying all moneys due by way of arrears
of hire and all costs and expenses incurred by the Owners hereunder and thereafter if the balance of the sums
received by the Owners under such policy shall exceed sum of Rs._______________ and/or any other outstanding
claims in respect of such vehicle after deducting there from all sums previously paid by the Hirer for the hire
including the amount paid on the execution of the Agreement, then such excess shall be paid by the Owners to the
Hirer.
7. The Hirer agrees to pay on demand all expenses incurred by the Owners in collecting or attempting to collect
moneys due to them by the Hirer, or obtaining repossession, or attempting to obtain repossession of the vehicle and
for the purpose of such repossession leave and license is hereby given to the Owners, their agents or any other
persons employed by them to enter any building premises or place where the vehicle may be or may be supposed to
be and take possession of the same from the Hirer or any other person using or possessing the same, without being
liable to any suit or other proceeding by Hirer or any person claiming under him.
8. a) The Hirer hereby agrees to the Owners in respect of all the monthly hire payments demand pro-notes as and by
way of collateral security only and he further agrees that the Owners shall be entitled to negotiate the said demand
pro-notes and also to sue upon the same.
b) The Hirer further agrees that any such negotiation of our suit upon the demand pro-note or any judgment thereon
obtained by the Owner will in no way prejudice the right of the Owners to repossess the vehicle under this
Agreement provided always that in case such Court action results in the Owners realising more than the amount
justly due to them including interest, costs and damages, such surplus shall be paid by them to the Hirer.
9. The grant of any time or other indulgence to the Hirer or the acceptance of any payments after the due dates
thereof shall not operate to affect or prejudice the Owners' rights against the Hirer under this Agreement.
10. The Hirer has examined (or has caused to be examined) the vehicle and satisfies himself as to its condition and
running and no warranty is implied on the part of the Owners as to quality or state of the vehicle or as to its fitness
for any purpose whatsoever.
11. It is expressly agreed and declared that any motor agent or dealer by or through whom this transaction may have
been introduced, or conducted is not an authorized agent of the Owners and that Owners have no liability for any
representations or statements not made directly by them to the Hirer and that should the word "agent" has been or be
used in connection with this transaction, it shall be construed in a complimentary sense only.
12. All terms and conditions of this Agreement unless otherwise provided are to be observed and performed at
___________. The Courts at __________ alone and no other Courts, whatsoever, will have jurisdiction to try all
suits in respect of any claim or dispute arising out of or under this Agreement or in any way relating to the same.
Owner Hirer _________________________
Guarantor _____________________
Identification No.

Agreement
/STAMP AS ON AGREEMENT/
This Agreement made the _____________________day of _________________________. between
M/s._________________________________________________________carrying on business at
_______________________ (hereinafter called the Owners which expression shall include their successors and
assigns, where the context so admits) of the first part and ______
________________________________________________________________ (hereinafter called the Hirer) of the
Second part and___________________________________________(hereinafter called the Guarantor) of the Third
Part witnesseth that :Whereas the Hirer has signed a Proposal Form (which is to be regarded as the basis of this contract), it is hereby
agreed as follows :Clause I. The Owners, being the owners of the Motor Vehicle
with fittings, tools and accessories and additions ----------------------------------------------------------------more particularly described in the Schedule hereto Payment by way of Hire
and hereinafter collectively called "the vehicle" 1st Month Rs. _____________
agree to let and the Hirers agree to hire the vehicle 2nd Month Rs._____________
from the date hereof subject to the terms and 3rd Month Rs.______________
conditions herein contained and hereto annexed 4th Month Rs.______________
and which shall be taken and read as part of this 5th Month Rs.______________
Agreement. ___________________________________
Clause II. On the execution of this Agreement,
the Hirer shall pay to the Owners in cash a sum
of Rupee one is consideration of option to purchase
given to the Hirer by Clause IV hereof.
Clause III. The Hirer shall pay to the Owners in ______
________________ on the execution of this Agreement
the sum of Rs. _______________
(*A) as an initial payment by way of hire which shall become the absolute property of the Owners and will
punctually pay to the Owners at their address for the time being at _________ and without previous demand the
sums mentioned in the margin hereof, by way of rent, for the hire of vehicle the first payment to be made the
_______________ day of ____________, and each subsequent payment on or before the _____________ day of
every succeeding calendar month unless the Hirer shall have terminated this Agreement as hereinafter provided.
Clause IV. If the Hirer shall duly perform and observe all the terms and conditions in this Agreement contained and
on his part to be performed and observed and shall in manner aforesaid pay to the Owners monthly sums by way of
rent amounting together with the said sum of Rs.____________
(*A) So paid on the execution of this Agreement as aforesaid of the sum of Rs.________________
(*B) and shall also pay to the Owners all other sums of money which may become payable to them by the Hirer
under this agreement, the hiring shall come to an end and the vehicle shall at the option of the Hirer become his

property and the Owners will assign and make over all their rights, title and interest in the same to the Hirer, but
until such payments as aforesaid have been made and until the Owners make over all their right, title and interest of
the hirer the vehicle shall remain the absolute property of the Owners.
Clause V. The Guarantor, in consideration of the Owners agreeing to hire the vehicle to the Hirer, agrees :a) As the principal obliger to observe and perform the terms and conditions of this Agreement and also hereby
guarantees the due performance and observance thereof by the Hirer and agrees to pay on demand any moneys due
or which become payable under this Agreement (and not paid by the Hirer) either by way of debt or damages or
cost, or expenses and further agrees that any time granted to the Hirer or any indulgence shown in respect of the
terms and conditions herein either in the shape of releasing or reliving the vehicle after seizure to the Hirer or in any
other manner shall not prejudice the Owner's right or relieve the Guarantor from his guarantee and that it shall not be
necessary upon the Hirer being granted any such concession or indulgence as aforesaid for the Owners to give any
notice to the Guarantor thereof;
and for the purposes of this clause the Owners are empowered to give consent on the Guarantor's behalf and any
such consent shall be deemed to have been given by the Guarantor and shall bind him as if the same had been
expressly given by him in writing. He further agrees that the Owner's right or lien on the vehicle or right to seize the
same shall not be destroyed by reason of any judgment, decree or order obtained against the Hirer or himself or
both.
Schedule above referred to
Motor _______ of _______ HIP. having cylinders and painted _______________ bearing No. ________________
on the Engine and No. ____________________ on the basis registered under Policy No.
_____________________________ complete with accessories. Year of Manufacture _______________________
In Witness whereof the parties hereto have set their hands the day and year first herein before written.
Witness ______________________ Signature of Hirer _______________________
Witness ______________________ Signature of Guarantor ___________________
Witness ______________________ Signature of Owners _____________________
Conditions above referred to :
1. The Hirer shall be at liberty at any time during the continuance of this Agreement to terminate the hiring by
returning the vehicle to the Owners in _____________ (in the same order and condition in which it was delivered to
the Hirer, fair wear and tear excepted) free of all expenses to the Owners, but this shall be without prejudice to any
claims the Owners may have against the Hirer in respect of this Agreement.
2. The Hirer further agrees :a) To keep the vehicle in thorough working condition and to make no alteration thereon or addition thereto without
the previous written consent of the Owners, And it is agreed that in the event of this Agreement being terminated by
the Owners or the Hirer, such additions or alterations as aforesaid shall be deemed to be the absolute property of the
Owners, provided always that the Hirer shall not have or be deemed to have any authority to pledge the credit of the
Owners for repairs, alteration or additions. (The payments specified in clause III and IV are not subject to
suspension or delay by reason of the vehicle requiring or undergoing repairs.)
b) To indemnify the Owners against loss by reason of damage or destruction or loss of the vehicle from any causes
whatsoever or by reason of claims by third parties in respect of the same.
c) To keep the Owners notified of his address and the address of the premises where the vehicle is kept and of the
route or routes where the vehicles is running and any change of the same as soon as made.
d) To allow the Owner's representatives free access at all reasonable times to inspect the vehicle or to take
possession of the same as hereinafter mentioned.
e) To have the vehicle registered in the name of the Owners and not to sell, mortgage, pledge, hypothecate, hire or
otherwise deal with the vehicle, nor to part with the possession of the vehicle nor to remove it out of
________________________ without the express written permission of the Owners previously obtained, also not to
use the vehicle for any purpose other than that declared in the original proposal form.
f) To pay in the name and on behalf of the Owners all fees and taxes, payable in respect of the vehicle as and when
the same become due and to indemnify the owners against all such payments.
g) At all time s to display and not to remove or cover the plate affixed to the vehicle showing the ownership of the
same.
3. The Hirer agrees to pay to the Owners interest at the rate of __________ percent per annum on the amount of any
sums overdue, including any sum of taxes, fees repairs and supplies which may be due from the Hirer to the Owner
in respect of the vehicle. But this provision shall not in any way affect or prejudice the right of the Owners as
provided herein to recover possession of vehicle and to determine this Agreement on default of payment of any of
the monthly hire payment.

4. The Hirer acknowledges that he holds the vehicle as a bailee of the Owners and shall not have any proprietary
right or interest as purchaser therein until he having exercised his option of purchase as herein before provided by
payment of the whole amount due under this agreement or under any term thereof, the Owners make over to him all
their right, title and interest in the vehicle.
5. The Owners may terminate, with or without notice, the contract of hiring and BRANCH hwith retake and recover
possession of the vehicle.
a) If any monthly hire or part thereof is in arrears and left unpaid for a period of seven days after the date fixed for
its payment for any reason whatsoever and particularly notwithstanding any claim which the Hirer may have in
respect of insurance hereinafter mentioned.
b) If the Hirer commits or suffers any breach of the conditions and obligation herein stipulated to be observed and
performed by him.
c) If the Hirer omits to inform the Owners within 48 hours thereafter, (in case the vehicle is insured) of accident
which causes either damage to the vehicle, bodily injury to any third party or damage to any other vehicle or
property.
d) If the Hirer dies, becomes insolvent or has a receiving order made or an insolvency notice served upon him or any
attachment is levied on any of his property or the Hirer allows the vehicle to be sized in distress or execution or
under any other process of law.
Any such termination shall be without prejudice to the claims the Owners may have in respect of any terms or
conditions of this Agreement and it is further agreed that if the hiring is determined by the Owners or by the Hirer in
manner herein provided all hire ( and damages for the breach of this Agreement) up to the date of such
determination shall be paid by the Hirer to the Owners and no payment, credit or allowance, in respect of payment
previously made shall be made or allowed to the Hirer.
6. If the vehicle is insured by the Owners, the Hirer will, if he is not overdue with his payment, be granted such
benefits as the Owners derive from the insurance in respect of claims such insurance shall not absolve the Hirer from
his liability under condition 2(b) hereof provided always that in the event of the vehicle being destroyed or being so
extensively damaged as to be in the opinion of the Insurance Company a total loss, then, and in that case, the amount
recoverable under the insurance policy shall be applied in the first place in paying all moneys due by way of arrears
of hire and all costs and expenses incurred by the Owners hereunder and thereafter if the balance of the sums
received by the Owners under such policy shall exceed sum of Rs._______________ and/or any other outstanding
claims in respect of such vehicle after deducting there from all sums previously paid by the Hirer for the hire
including the amount paid on the execution of the Agreement, then such excess shall be paid by the Owners to the
Hirer.
7. The Hirer agrees to pay on demand all expenses incurred by the Owners in collecting or attempting to collect
moneys due to them by the Hirer, or obtaining repossession, or attempting to obtain repossession of the vehicle and
for the purpose of such repossession leave and license is hereby given to the Owners, their agents or any other
persons employed by them to enter any building premises or place where the vehicle may be or may be supposed to
be and take possession of the same from the Hirer or any other person using or possessing the same, without being
liable to any suit or other proceeding by Hirer or any person claiming under him.
8. a) The Hirer hereby agrees to the Owners in respect of all the monthly hire payments demand pro-notes as and by
way of collateral security only and he further agrees that the Owners shall be entitled to negotiate the said demand
pro-notes and also to sue upon the same.
b) The Hirer further agrees that any such negotiation of our suit upon the demand pro-note or any judgment thereon
obtained by the Owner will in no way prejudice the right of the Owners to repossess the vehicle under this
Agreement provided always that in case such Court action results in the Owners realising more than the amount
justly due to them including interest, costs and damages, such surplus shall be paid by them to the Hirer.
9. The grant of any time or other indulgence to the Hirer or the acceptance of any payments after the due dates
thereof shall not operate to affect or prejudice the Owners' rights against the Hirer under this Agreement.
10. The Hirer has examined (or has caused to be examined) the vehicle and satisfies himself as to its condition and
running and no warranty is implied on the part of the Owners as to quality or state of the vehicle or as to its fitness
for any purpose whatsoever.
11. It is expressly agreed and declared that any motor agent or dealer by or through whom this transaction may have
been introduced, or conducted is not an authorised agent of the Owners and that Owners have no liability for any
representations or statements not made directly by them to the Hirer and that should the word "agent" has been or be
used in connection with this transaction, it shall be construed in a complimentary sense only.

12. All terms and conditions of this Agreement unless otherwise provided are to be observed and performed at
___________. The Courts at __________ alone and no other Courts, whatsoever, will have jurisdiction to try all
suits in respect of any claim or dispute arising out of or under this Agreement or in any way relating to the same.
Owner Hirer _________________________
Guarantor _____________________
From Dated, _____________ . ____________________________________
____________________________________
____________________________________
To,
The Registering Authority,
Dear Sir,
I/We have to inform you that I/We have taken a ______________________
______________________________________________ Engine No. ______________
____________________________ Chassis No. __________________________ Model __________________on
hire from ________________________________________ ____________________________________________
who are the owners of the same.
I/We have duly applied for registering the above under the Rules.
I/We hereby authorise you to transfer the vehicle at the request of the said
_____________________________________________________________________
_________________________________________________________________________ at any time after this.
This is irrevocable on my/our part.
Yours faithfully,

LDOC 26 (26)
HYPOTHECATION OF STANDING CROPS
/STAMP AS ON AGREEMENT/
Place : _________________
BANK NAME XXXXX (hereinafter called "the Bank" which includes its assigns) having at the request of
_____________________________________________________________________________________________
____________________________________________ (hereinafter called "the Borrower") agreed to grant
accommodation to the Borrower by way of Loan in the sum of Rupees _________________________in a loan
account with its branch at _____________________________ on the security hereof IT IS AGREED by and
between the parties as follows :1. The expression "the Borrower" shall, when the Borrower is
(a) an individual, include his or her heirs, executors, administrators and assigns.
(b) a firm, include all the partners of the firm for the time being and from time to time.
(c) a joint and undivided Hindu family or a joint family firm include all its coparceners for the time being and from
time to time.
2. The Borrower hereby hypothecates to and in favour of the Bank the whole of the crops of _________ now
growing or standing or which may at any time hereafter during the continuance of this security be growing or
standing on or upon the Borrower's lands situate in village ________________________ Taluka
___________________ District _____________________ or wherever else the same may be and also all the
_________ which after picking may be stored upon or lying on the Borrower's said lands or any part thereof or in
any Godown or anywhere else or which may be in course of transit to the

Mill_________________________________________________________ (Hereinafter for brevity's sake

collectively referred to as "the hypothecated crops" as also the proceeds of sale of the hypothecated crops. The
hypothecated crops and sale proceeds thereof are hypothecated as security by way of first charge for due repayment
by the Borrower to the Bank at any time on demand at ________________________________ of the said sum of
Rs. ______________________ Rupees
__________________________________________________________________________________) or the
balance thereof for the time being outstanding in the said loan account with interest at the rate hereinafter provided
and all costs (between attorney/advocate and client) charges and expenses incurred by the Bank for the preservation,
protection, defence and perfection of this security or for attempted or actual realisation thereof and for recovery of
its dues AND ALSO for due repayment of all present and future indebtedness and liabilities of the Borrower to the
Bank of any kind in any manner whether solely or jointly, primary or collateral, accrued or accruing, with all
relative interest, charges, costs (between attorney and client) and expenses.
3. Interest at the rate of _______ % over prime Lending Rate of the bank per annum plus interest tax with
monthly/quarterly/half-yearly/yearly rests or at such rate or rates as the Bank may specify to the Borrower in writing
in accordance with the Bank's prime lending rate and the Borrower's credit rating with the Bank from time to time
shall be calculated on the daily balance of the said account and that all interest calculated as above shall accrue due
from day to day and shall be debited to the account on the 31st March, on the 30th June, on the 30th September and
on the 31st December in each year and thenceBRANCH h carry interest at the like rate. And that in the event of the
Bank making demand for payment on any date not being the date of expiration of any such quarter the Bank shall be
at liberty to debit in the account all interest down to the date of demand and to include the same in the demand for
payment. And that the total amount demanded shall continue to carry interest as aforesaid until payment with
monthly/quarterly/half-yearly/yearly rests. And that the Borrower shall at all times accept the Bank's figures as
correct, (manifest error excepted) in or out of Court."
4. The said loan shall be repayable on demand at _______________________________________ with interest as
aforesaid _______________________________________________________________
___________________________________________________________________________________
____________________________________________________________________________
5. The said loan shall be wholly applied by the Borrower in the ordinary course of and for the purpose of the
Borrower's business of cultivation, picking, storing and transporting the hypothecated crops and for the sale thereof
and not in repayment of any existing debts nor for extensions of land or building nor for other capital expenditure
nor for any purpose not directly connected with such cultivation, picking, storing, transportation and sale as
aforesaid unless so allowed by the Bank in writing.
6. So long as any moneys remain due by the Borrower to the Bank, all sale proceeds of the hypothecated crops or
such part thereof as may be agreed upon shall as and when received by the Borrower be paid by the Borrower to the
Bank to be applied in reduction of the Borrower's indebtedness to the Bank hereunder. If and when so required by
the Bank, the Borrower shall execute a letter of authority in favour of the Bank irrevocably authorising the Bank to
collect, recover and receive the sale proceeds directly from the purchasers of the hypothecated crops.
7. Unless instructed by the Bank to the contrary, the Borrower shall remain at liberty (subject to the provisions of
this Agreement) to sell any of the hypothecated crops in the ordinary course of business. Except as aforesaid, the
Borrower shall not sell nor deal with nor part with the hypothecated crops nor charge or encumber the same or the
sale proceeds thereof nor remove nor permit the removal of any of the hypothecated crops. Provided that the
Borrower shall not make any sale of the hypothecated crops or any part thereof upon being prohibited by the Bank
from doing so.
8. The Borrower shall, whenever required by the Bank., give full particulars to the Bank of all the assets of the
Borrower and of the hypothecated crops and shall at all times allow the Bank or the authorised agent of the Bank
inspection of hypothecated crops and of all records of the Borrower in reference thereto and the sale thereof and
shall allow the Bank or its agent to value the same. All costs, charges and expenses incurred by the Bank of and
incidental to such inspection and valuation shall be paid by the Borrower to the Bank BRANCH hwith on demand
(the Bank's statement being conclusive), and until payment, shall with interest plus other charges, costs and
expenses at the rate aforesaid be a charge upon the hypothecated crops and the sale proceeds thereof. Any such
valuation shall be conclusive against the Borrower.
9. The Borrower shall at all times during the continuance of this security keep and maintain such margin of security
in favour of the Bank (hereinafter called "the said margin") as the Bank may from time to time require and intimate
to the Borrower.
10. The Borrower shall pay all rents, rates, taxes, cess, assessments and outgoing in respect of any immovable
property in or on which the hypothecated crops may be standing or be growing or may for the time being be stored

and shall keep such property insured against loss or damage by fire AND shall insure against such other risks as the
Bank shall require and shall produce the policies of insurance to the Bank whenever required.
11. The Borrower shall at the Borrower's expense insure and keep the hypothecated crops insured against such risks
for such amounts and periods and in such form and with such Insurance Company as the Bank shall from time to
time require and approve AND shall deliver to the Bank the policies of insurance duly assigned to the Bank AND
shall keep on foot and maintain such insurance throughout the continuance of the security and deliver to the Bank
the renewal receipts. In default the Bank may (but shall not be bound to) effect or renew such insurance. Any
premium paid by the Bank and any costs, charges and expenses incurred by the Bank shall be repaid on demand
BRANCH hwith AND shall until repayment with interest at the rate aforesaid be a charge on the hypothecated crops
and the sale -proceeds thereof. All sums received under such insurance shall be applied in or towards liquidation of
the amount for the time being due to the BANK hereunder.
12. If the Borrower shall fail to pay on demand any moneys which ought to be paid by the Borrower hereunder or
shall commit any breach of any agreement on his part herein contained or if any circumstances shall occur which in
the sole judgement of the Bank is prejudicial to or imperils or is likely to prejudice or imperil this security or if any
distress or execution is levied or enforced against any property or assets whatsoever of the Borrower or any person
firm or company shall take any steps towards applying for or obtaining an order for the appointment of a Receiver of
any property or assets whatsoever of the Borrower or if such Receiver is appointed or if any person shall apply to
have the Borrower (or any of the Borrowers when more than one) adjudicated insolvent or if any such order of
insolvency is made against the Borrower or any of the Borrowers or if the Borrower or any of the Borrowers applies
to be adjudicated insolvent or commits an act of insolvency or if the Borrower shall suspend or cease to carry on
cultivation of the said crops to the satisfaction of the Bank then and in any such case it shall be lawful for the Bank
BRANCH hwith or at any time thereafter and without any notice to enter into or upon any lands or fields or
premises where or wherein the hypothecated crops may be growing or standing or kept or stored and for the purpose
of such entry to do all acts deeds or things deemed necessary by the Bank and to inspect, value, insure and/or to take
charge of and/or to seize, recover, receive, appoint receivers of and/or take possession of all or any of the
hypothecated crops and thereupon either BRANCH hwith or at any time and from time to time and after reasonable
notice to the Borrower either by public auction or tender or private contract or tender to sell and dispose of all or any
part of the hypothecated crops in such manner as the Bank shall think fit and to enforce, realise, settle, compromise
and deal with any rights aforesaid without being bound to exercise any of these powers or being liable for any losses
in the exercise thereof and without prejudice to the Bank's rights and remedies of suit or otherwise and
notwithstanding there may be any pending suit or other proceeding, the Borrower hereby undertaking to transfer and
deliver to the Bank all relative contracts, securities, invoices, bills, notes, hundies and documents and agreeing to
accept the Bank's accounts and sales and realisation and to pay any shortfall or deficiency thereby shown. The
proceeds of sale or realisation of the hypothecated crops remaining after deducting therefrom the costs (between
Attorney/Advocate and Client), charges and expenses of and incidental to such sale and/or realisation shall be
applied in repayment of the balance of the said loan due by the Borrower to the Bank together with interest and all
costs, charges and expenses and other moneys payable by the Borrower to the Bank hereunder and the payment of
which is hereby secured.
13. The Borrower hereby declares and guarantees that the hypothecated crops are and will be the absolute and
unencumbered property of the Borrower with full power of disposition there over.
14. Pending seizure by the Bank, the hypothecated crops and any documents and any sale proceeds received by the
Borrower on sale in ordinary course and any insurance moneys received shall be held as the Bank's exclusive
property specifically appropriated to the security and the Borrower will not make any mortgage or charge, lien or
encumbrance affecting the same or any part thereof nor do or allow anything which may prejudice the Bank's
security hereunder in respect of the hypothecated crops and the sale proceeds thereof.
15. The Borrower shall furnish and verify all statements, reports, returns, certificates and information from time to
time and as required by the Bank and give and execute any necessary documents required to give effect to this
security.
16 This security shall be a Continuing Security for the balance from time to time due to the Bank.
17. Nothing herein shall operate to prejudice the Bank's rights or remedies in respect of any present or future
security, guarantee, obligation or decree for any indebtedness or liability of the Borrower to the Bank.
18. If the Borrower be more than one individual all shall be bound hereby jointly and severally and if the Borrower
shall be a firm such firm and all members from time to time thereof shall be bound hereby notwithstanding any
changes in the constitution or style thereof and whether the firm shall consist of or be reduced to one individual.

19. If and whenever this security shall be held by the Bank for the Borrower's liability to the Bank for any third
party's obligations to the Bank, then the Bank shall be free without reference to the Borrower to deal, and the
Borrower hereby consents to the Bank dealing with the principal debtor and with any securities obligations or
decrees and generally to act as if the Borrower were primarily liable and to give time or other indulgence or make
any variation without thereby in any manner impairing or prejudicing the Bank's rights against the Borrower, who
declares that the liability of the Borrower shall be deemed to be that of a co-promisor with such third party.
20. Any notice by way of request or otherwise hereunder may be given by the Bank to the Borrower or any of the
individuals constituting the Borrower personally or may be left at the then or last known place of business or
residence of the Borrower in the Republic of India or any of such individuals addressed to the Borrower or any of
such individuals or may be sent by post to the Borrower or any of such individuals addressed as aforesaid and if sent
by post such notice shall be deemed to have been given at the time when it would be delivered in due course of post,
and in proving such notice when given by post, it shall be sufficient to prove that the envelop containing the notice
was posted, and a certificate signed by the Bank's Local Manager or Agent that the envelope was so posted shall be
conclusive. If by reason of absence from India as the case may be or otherwise, any such notice to the Borrower or
any of such individuals cannot be given, then the same, if inserted once as an advertisement in a newspaper
circulating in the district of the Bank's office where the Borrower has the loan account shall be deemed to have been
effectually given and received on the day on which such advertisement appears.
Dated at _____________this ___________day of __________________

LDOC 27 (27)
hypothecation of crops - CUM - GUARANTEE AGREEMENT
/STAMP AS ON TWO AGREEMENTS/
Place : _________________
This Agreement made this ______________ day of ________________ Between
_______________________________ hereinafter referred to as "the Borrower" (which expression shall unless it be
repugnant to the context or meaning thereof include his heirs, executors, administrators, legal representatives and
successors) of the First Part ___________ ____________________ And
____________________________________ hereinafter referred to as "the Guarantors" (which expression shall,
unless it be repugnant to the context or meaning thereof, include respective heirs, executors, administrators, legal
representatives and successors) of the Second Part And BANK NAME XXXXX, a body corporate having its Head
office at Mandvi, Baroda and carrying on business amongst other places at ___________
_________________________________ hereinafter referred to as "the Bank" (which expression shall unless it be
repugnant to the context or meaning thereof, include its successors and assigns) of the Third Part.
Whereas the Borrower is the owner/lessee of a Farm situate at __________ bearing Survey No. ________________
admeasuring about ______________ acres hereinafter referred to as, 'the said farm' AND WHEREAS the Borrower
has requested the Bank to grant to him a loan of Rs. ___________ (Rupees
____________________________________ ) to enable the Borrower to purchase agricultural inputs such as seeds,
fertilizers and pesticides, during the season ________________ as also the season _______________________
which the Bank has agreed to do upon having the repayment thereof with interest secured by a demand promissory
note signed by the Borrower, the hypothecation of crops and the guarantee of the Guarantors AND WHEREAS the
Guarantors have at the request of the Borrower agreed to guarantee due repayment by the Borrower to the Bank of
the amount of the loan with interest.
NOW IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO as follow :-

1. In consideration of the sum of Rs. ____________/- lent and advanced to the Borrower by the Bank the Borrower
doth hereby covenant with the Bank to pay to the Bank in _______________ or at the option of Bank in or at such
other places as the Bank may require on demand the said sum of Rs. __________/- (hereinafter referred to as "the
principal sum") and in the meantime and so long as the said principal sum or the balance thereof shall remain unpaid
with Interest at the rate of _______ % over Prime Lending Rate of the bank with a minimum of ________ % per
annum plus interest tax with monthly/quarterly/half yearly/yearly rests or at such rate or rates as the Bank may
specify to the Borrower in writing in accordance with the Bank's prime lending rate and the Borrower's credit rating
with the Bank from time to time shall be calculated on the daily balance of the said account and that all interest
calculated as above shall accrue due from day to day and shall be debited to the account on the 31st March, on the
30th June, on the 30th September and on the 31st December in each year and thenceBRANCH h carry interest at the
like rate. And that in the event of the Bank making demand for payment on any date not being the date of expiration
of any such quarter the Bank shall be at liberty to debit in the account all interest down to the date of demand and to
include the same in the demand for payment. And that the total amount demanded shall continue to carry interest as
aforesaid until payment with quarterly rests. And that the Borrower shall at all times accept the Bank's figures as
correct, (manifest error excepted) in or out of Court."
2. For the consideration as aforesaid, the Guarantors do and each of us doth hereby jointly and severally agree and
guarantee to the Bank due payment and discharge on demand of all amounts due and payable to the Bank by the
Borrower under this Agreement. The Guarantee shall continue to be in force notwithstanding the discharge of the
Borrower by operation of law and shall cease only on payment of the amount guaranteed hereunder by us. The
Guarantors do and each of us doth hereby expressly agree that the Bank shall have full discretionary power, without
further assent or knowledge of the Guarantors and without discharging or in any way affecting the liability of the
Guarantors under this Guarantee from time to time and at any time to negotiate with the Borrower and settle and/or
alter the terms and conditions, to promise to grant time or indulgence to or not to sue the Borrower or compound or
make any other arrangements with the Borrower as the Bank may think fit and to hold over, renew, vary, exchange
or release in whole or in part and from time to time any securities held or to be held by the Bank for or on account of
the moneys and liabilities intended to be hereby secured or any part thereof. The guarantors do and each of us doth
also agree that the Guarantors shall not be discharged from their liability by the Bank releasing the Borrower or by
any act or omission of the Bank the legal consequences of which may be to discharge the Borrower or by any act or
omission of the Bank which would, but for this present provision, be inconsistent with the rights of the Guarantors
as sureties or by the Bank omitting to do any act which, but for this present provision, duty of the Bank to the
Guarantors would have required the Bank to do. The Guarantors do and each of us doth hereby further agree that
though as between the borrower and sureties, the Guarantors are sureties only, the Guarantors agree that as between
the Bank and the Guarantors the Guarantors are the Principal Debtors jointly with the Borrower and accordingly the
Guarantors shall not be entitled to any of the rights conferred on sureties by Sections 133, 134, 135, 139 and 141 of
the Contract Act.
3. As security for the repayment to the Bank of the amounts due under this Agreement the Borrower doth hereby
hypothecate unto the Bank by way of first charge the whole of the crop or crops produced or in the process of
production and other agricultural produce now growing and hereafter to be grown upon the said farm hereinafter
referred to as "the Crops".
4. The Borrower doth hereby covenant with the Bank that the Borrower has not in any way hypothecated, charged or
encumbered nor; will hereafter hypothecate, charge or encumber the crops produced or to be produced at the said
farm for the seasons ______________________________
5. The Bank shall be entitled from time to time at the expense of the Borrower to inspect the said farm either by the
Bank's officers or some other suitable persons. The Borrower will during the continuance of this security from time
to time furnish the Bank with full details of the working of the said farm and the quantity of crops produced
6. If the Borrower shall fail to carry out and perform any of his obligations under these presents or if any event shall
happen or is believed by the Bank to have happened so as in opinion of the Bank to impair the security hereby
created or the credit of the Borrower, or if the Bank shall be of opinion that the security hereby created is otherwise
imperiled (as to all or any of which matters the opinion of the Bank shall be conclusive) or if the Borrower shall fail
to cultivate the said farmer gather the crops, it shall be lawful for the Bank, its agents and nominees without
assigning any reason and without any previous notice to the Borrower but at the Borrower's risk and expense to
enter upon the said farm and to take charge and/or possession of the crops or to cultivate the said farm and/or gather
the crops or to appoint Receiver of and/or sell the crops without being bound to exercise any of these powers or
being liable for any losses in exercise or non-exercise thereof. The Bank shall apply the net proceeds of sale of the
crops in satisfaction so far as the same shall extend of the moneys which shall be then owing and due from the
Borrower to the Bank under this Agreement. If the net sale proceeds are insufficient to cover the amount due to the

Bank under this Agreement the borrower and the guarantor/s shall be liable BRANCH hwith to pay the balance
appearing due to the Bank.
7. The Borrower shall duly and punctually pay, perform and observe all rents, rates, taxes, assessments and other out
goings whatsoever covenants and obligations which ought to be paid or observed or performed by the Borrower in
respect of the said farm.
8. The Borrower hereby agrees on demand by the Bank in that behalf to execute such documents in favour of the
Bank as may be necessary or advisable to hypothecate or further assure the crops in favour of the Bank.
IN WITNESS WHEREOF the Borrower and (1) Mr. _______________________
___________________________________________________________ and (2) Mr. _________
____________________________ have hereunto put their respective signatures on the day and year first herein
above written.
SIGNED AND DELIVERED by the )
within named Borrowers )
SIGNED AND DELIVERED by the )
within named Guarantors (1) Mr. )
& (2) Mr. )

LDOC 26 / 28 / 35 26 /28 / 35
AGREEMENT FOR HYPOTHECATION
(To be stamped as an Agreement. Not to be attested. If the securities hypothecated are located in more than one
State, then to be stamped with highest of the Stamp duly chargeable in different states).
This Agreement executed this _________ day of __________ in favour of the BANK NAME XXXXX
(hereinafter called "the Bank" which expression shall, unless repugnant to the context or meaning
thereof, include its successors and assigns ) by ("Here enter the name(s) of individual borrower/co-owner borrowers)
Shri / Smt / Miss ____________________________________________________________
Son/wife/daughter of __________________________________________________________________
residing at __________________________________________________________________________
___________________________________________________________________________________
Shri /Smt./Miss_______________________________________________________________________
Son/wife/daughter of__________________________________________________________________
residing at __________________________________________________________________________
Shri / Smt/ Miss ______________________________________________________________________
Son/wife/daughter of __________________________________________________________________
residing at __________________________________________________________________________
Shri / Smt/ Miss______________________________________________________________________
Son/wife/daughter of _______________________________________________________________
residing at _______________________________________________________________________
Shri/Smt./Miss ____________________________________________________________________
Son/wife/daughter of _______________________________________________________________
residing at _______________________________________________________________________
(Hereinafter referred to as the Borrower(s)" which expression shall include his/ her/ their heirs,executors,
administrators, successors and assigns jointly and severally).
WHEREAS the Bank at the request of the Borrower(s) has granted / agreed to grant to the Borrower(s)
from time to time.
(a) Cash Credits upto the limit of Rs.__________________________________________________
(Rupees ____________________________________________________________________only)

(b) Overdrafts to the extent of Rs. ____________________________________________________

(Rupees_____________________________________________________________________only)
(c) Demand Loans of Rs. ___________________________________________________________
(Rupees _____________________________________________________________________only)
(d) Term Loans of Rs.______________________________________________________________
(Rupees _____________________________________________________________________only)
(e) ______________________ facility with the limit of Rs._____________________________________
(Rupees____________________________________________________________________only)
(Hereinafter collectively and individually referred to as "the loans" for the purpose of facilitating finance to
the borrower(s) for farming / rearing _______________ of __________________________ and/or
flock/ fishing/ sericulture, purchase of seeds, fertilizers, milch animals, sheep, goat, poultry units, fishing trawlers,
fishing nets, oil engines, electric motors, threshers, sprayers, dusters, pump sets, bullock carts, Trailers, Tractors,
Motor vehicles and for putting up of animal sheds, and other structures etc. and for
incurring the related expenses, including wages, and other charges).
NOW IN CONSIDERATION of the Bank having granted/ agreed to grant the loans, the Borrower(s)
hereby agree, undertake and declare :
I) That each and all of the Borrower(s) do hereby hypothecate all the
1) Crops whatsoever and wherever raised or to be raised, including standing crops on the land
described in the first schedule hereto, or cut or stocked or stored or in course of transit or delivery.
2) Herd/ flock./ fish/ silkworms and cocoons including those described in the second schedule
hereto, wherever they may be.
3) Tools/ equipment's/ fixtures/ boats/ machines and/or other movables connected with and relating
to farming, rearing of cattle and/or flock/fishing,sericulture including those described in the third
schedule hereto, wherever they may be.
4) Receivable and investments, movable assets and valuables, including those described in the
fourth schedule hereto, wherever they may be.
5) __________________________ including those described in the fifth schedule hereto, wherever
they may be ________________ present and future.
(All or any of he items detailed in (1) to (5) above hereinafter referred to as the security.
To the Bank by way of first charge as security for the loans and also for all the indebtedness or liabilities
of the borrower(s) to the Bank, altogether with all interest, commission, costs, charges and expenses,
payable to or incurred by the bank, including those for the enforcement or preservation of any of the
security.
II) That the borrower(s) shall pay interest on the loans to be calculated on the daily balances in the loan
account(s) with monthly/ quarterly/ half-yearly or other rests according to the practice of the Bank from
time to time.
In case of :a) Cash Credits at the rate of ___________ % above the BANK NAME XXXXX Prime Lending Rate (PLR) per
annum.
b) Overdrafts at the rate of ___________ % above the BANK NAME XXXXX Prime Lending Rate (PLR) per
annum.
c) Demand Loans at the rate of ___________ % above the BANK NAME XXXXX Prime Lending Rate (PLR) per
annum.
d) Term Loans at the rate of ___________ % above the BANK NAME XXXXX Prime Lending Rate (PLR) per
annum.
e) _______________ facility at the rate of ___________% above the Bank's Prime Lending rate (PLR) per annum.
Provided that the bank shall at any time and from time to time be entitled to change the rate of interest
and or the rests at which interest which would be charged and such revised rate of interest and the rests
at which interest would be charged shall always be construed as agreed to be paid by the Borrower(s)
and shall also be hereby secured and be a charge on the hypothecated assets.
Further without prejudice to the Bank's other rights and remedies, the Bank shall be entitled to charge at
its own discretion enhanced rates of interest on the out standings, in the loan account(s) or a portion
thereof for any default or irregularity on the part of the Borrower(s) which in the opinion of the Bank
warrants charging of such enhanced rates of interest for such period as the bank may deem fit.
III) That in the case of cash credit, overdraft and demand loan, the borrower(s) shall on demand
BRANCH hwith pay to the Bank the outstanding(s) owing to the Bank in respect of the loans inclusive of

interest, commission, costs, charges and expenses. However, in case where for any reason cash credit
or overdraft or Demand Loans permitted by the bank at is absolute discretion to be repaid in installments
and on such terms as may be stipulated by the bank the security as held hitherto shall continue to be
subsisting and the conditions as to term loans herein shall apply to the said loan/s subject to such
changes as may be stipulated by the bank. The term loan will be repayable by installments as
stipulated in the Sixth schedule hereunto attached and PROVIDED THAT in case of default in payment
of any of the installments or any part thereof or other irregularity on the part of the Borrowers, the entire
balance then outstanding plus interest, costs, commission, expenses and charges shall if the bank so
chooses, at once become due and payable. Notwithstanding the original stipulation for repayment in
installments.
IV) That the borrower(s) shall at all times maintain a sufficient quantity and market value of the
security to provide the necessary margins of security to the Bank, as applicable.
V) That the Borrower(s) shall not, except in the normal course of business but subject to the powers
of the bank herein contained, cut/ remove / dispose of or put into another party's possession and/or
control for processing etc. the security from the place(s) wherever normally they may be kept/
preserved/ stored without the prior written permission of the Bank during the currency of the said loan/s
and/or during the time any money herein mentioned shall remain outstanding. Such security, if so
required by the Bank, shall immediately be delivered to the Bank and the charge on the security/ies
shall, immediately on such delivery to the Bank, stand changed/ converted from hypothecation' to
pledge'.
VI) That the moneys from time to time advanced by the Bank to or on behalf of the Borrower(s) shall
be applied solely for the purpose of the loans as declared/ undertaken by the Borrower(s).
VII) That the Bank, without being bound to do so or being liable for any loss on account thereof and
without prejudice to the rights and remedies of suits or otherwise, shall be entitled to :
1) Without notice to the Borrower(s) and at the Borrower's risk and expenses enter any place(s)
where the security may be situate and inspect, value, insure, superintend, dispose of and /or take
possession thereof.
2) Without prejudice to the foregoing, on the default of the borrower(s) in payment of any money
hereby secured or on the nonperformance of an obligation on the part of the borrower(s) or on the
occurrence of any circumstances in the opinion of the bank endangering the security, take possession of
or recover and/or sell by public auction or private or contract or otherwise deal with the security and
appropriate the proceeds to the outstanding loans.
3) Apply towards the outstanding loans any moneys in its hand belonging to the Borrower(s) and to
recover the balance, if any of the loans or other dues not withstanding that all or any of the security may
not have been realised.
4) Settle, compromise, submit to arbitration and/or deal in any manner with any rights, debts or
claims of any nature of the security may not have been realised.
VIII) That all the securities are free and shall be kept free from any charge or encumbrance except
those in favour of the bank.
IX) That the Borrower(s) shall pay all charges and taxes, statutory or otherwise, in respect of the
security. The Bank may also, without being bound to do so, pay all such charges and taxes at the cost
of the Borrower(s) and if necessary by debit to the borrower(s)' Account(s).
X) That the borrower(s) shall at all times keep such items of security as are of insurable nature,
insured against loss of damage by fire, theft, burglary, epidemics, floods and other risks as are
customary for the business of the nature carried on by the borrower(s) or against the risks for which
insurance cover is available /possible or as may be required by the Bank and shall deliver to the Bank
all policies or the policy/ies duly endorsed in favour of the Bank. It shall be also lawful for, but not
obligatory upon, the bank to insure and keep insured by debit to the Borrower(s) account(s) the security
as are of insurable nature. The proceeds of such insurance shall, at the option of the Bank, either be
applied towards replacement of the security or towards the satisfaction of the Bank's dues hereunder or
towards both as may be decided by the Bank.
XI) That the bank may get a Receiver appointed in respect of the security at the Borrower's cost, if
and when it becomes necessary to do so.
XII) That the borrower shall furnish / verify such statements, reports, returns, certificates and
information etc. as required by the Bank and execute necessary documents to give effect to this
security.

XIII) That this Agreement is intended to, and shall, operate as a continuing security for all loans,
indebtedness and liabilities of the borrower(s) to the bank at all times during the subsistence of this
Agreement.
NOTWITHSTANDING THAT :
(a) The existence of a credit balance or "Nil" balances in the loan accounts at any time or any partial
payment into or fluctuations in the balances of accounts or
(b) any loans or any part thereof have been repaid either after demand had been made by the bank
or otherwise or has been so repaid on demand.
XIV) That if the borrowers be more than one individual, each one or any of them is / are authorised and
empowered by the other(s) of them to admit and acknowledge his / their liability to the Bank by any
payment into the account(s) or by way of express writing in any manner or otherwise and any such
admission and acknowledgment of the liability by one or more of them shall be construed to have been
made on behalf of each of them.
XV) The Bank may require the Borrower to fix the name plate on / upon such security and in the event
of failure or otherwise the Bank may itself do so.
XVI) That the borrower hereby agrees to indemnity and keep indemnified the Bank against all losses,
damages, claims, demands, costs, charges and expenses that may be suffered, sustained, incurred or
paid by the Bank for protecting its interest in the security hereby created or by reason of the Bank
having granted the facilities or otherwise howsoever in relation thereto.
XVII) That the Borrower shall get the Bank's lien/ charge registered with the appropriate Government
authorities / Regional / District Transport Authority in case of vehicles like tractors.
XIX) That the Borrower(s) hereby give(s) his/their consent for the loans being recovered as a public
demand/ moneys in terms of any legislation relating to recoveries thereof where such consent is
necessary under such legislation.
THE FIRST SCHEDULE referred to above.
All the piece and parcel of land as detailed hereunder (specify here identification details like survey
number, village name etc.
_________________________________________________________________________________
SERIAL NO. KHASRA NO. AREA REVENUE
__________________________________________________________________________________
__________________________________________________________________________________
THE SECOND SCHEDULE referred to above
The herds/ flocks/ fish /catch/ silk worms and cocoons, short particulars whereof are given hereunder :
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
THE THIRD SCHEDULE referred to above:
The tools / equipment / fixtures/ boats / machines/ tractors and other movables connected with and
relating to farming / rearing of cattle and / or flock/ fishing/ sericulture
_________________________________________________________________________________
_________________________________________________________________________________
__________________________________________________________________________________
THE FOURTH SCHEDULE referred to above:
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
THE FIFTH SCHEDULE referred to above.
_________________________________________________________________________________
__________________________________________________________________________________
_________________________________________________________________________________
THE SIXTH SCHEDULE referred to above ;
(Repayment schedule)

__________________________________________________________________________________
DUE DATE AMOUNT OF INSTALLMENT
__________________________________________________________________________________
___________________________________________________________________________________
The contents of the Agreement have been read over and translated into and explained to the
Borrower(s) and he/they having understood the contents thereof subscribe(s) to these presents.
Here enter the name of the language ___________________
IN WITNESS WHEREOF the borrower(s) has/ have set his/ their hand(s) to these presents this day and year first
above written.
________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
BORROWER (S)
NOTE: "In case of a dispute as to the language and/or contents of this document English version of the document
shall be treated as authentic"

LDOC 29 trust receipt 29

(export)
/STAMP AS ON AGREEMENT/
Place : _________________
Date : __________________
Place : _________________
Date : __________________
In consideration of your making advances to us from time to time by way of Demand Loan/Overdraft/Cash
Credit/Packing Credit the balance of which is not any time to exceed Rs. ______________ (Rupees
_______________________________________________) we hereby agree that all such advances taken by us from
you in the said Demand Loan/Overdraft/Cash Credit/Packing Credit Account shall be applied by us solely in the
purchase of ________________________________________ (hereinafter called "the said goods") and until such
advances have been repaid to you either by proceeds of the bills of exchange sold to you or in cash, all the said
goods as shall be purchased by means of such advances shall be kept apart by us from all other goods in our
Godown and shall be held by us as agent and in trust for you and kept fully insured by us against loss by fire, riots
and civil commotion, we holding such insurance and all money receivable therefrom in trust for you, and handing
you BRANCH hwith all amounts received from the insurers.
The intention of this agreement is, that you are to be entitled to the said goods as security for all advances taken by
us from time to time in the said Demand Loan/Overdraft/Cash Credit/Packing Credit Account, we holding the said
goods as agent and trustee for you and in the event of our failing to repay to you the amount of such advances when
called upon to do so, we hereby undertake to deliver to you at any time the said goods without raising any question
to enable you to sell, or at your discretion, to ship the same for the purpose of realisation under your directions.
We also further agree and undertake immediately upon shipment of the said goods or any part thereof, to hand to
you the shipping documents or their equivalent in cash.

We will, whenever required, give you full particulars of the said goods held by us on your behalf and we hereby
guarantee that its value shall at all times be at least above the balance due to you by us on the said Demand
Loan/Overdraft/Cash Credit/Packing Credit Account.
It is understood that the keys of the Godown remain in our possession, and we likewise further agree and undertake
to have no advance from any other Bank on the same or any other goods in our Godown in which the said goods,
under lien to you are stored so long as we are indebted to you.
And we further agree that the goods shall be a security to you for the payment on demand of all other money which
are now or shall at any time be due to you from us either alone or jointly with any other person or persons, either on
account current or for money advanced or paid or in respect of bills, drafts or notes accepted, paid or discounted,
interest, commission or any other usual or lawful charges or any other account whatsoever, together with all costs
and expenses.
It is further agreed that all money advanced and due to the Bank under the facilities granted shall be repayable on
demand and in default of payment of the money due as aforesaid, the Bank shall be at liberty to take charge of the
goods and for that purpose to enter any Godown, warehouse or any other place of storage and to sell the said goods
either by Public Auction or Private Contract after giving 48 hours' notice of such sale which shall be considered
reasonable and to apply the net sale proceeds thereof in or towards payment of all amounts due to the Bank and all
accounts of such sales so rendered shall be binding upon us and every one of us.
Dated at ____________ (place) this _____________ (date) day of _______________ (month) ______________
(Year)

LDOC 30 (30)
letter of B. P. undertaking (inland) bills
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place : _________________
______________ branch, Date : __________________
Dear Sirs,
Cheques, bills, hundis and other instruments with or without government securities, share certificates, railway
receipts, bills of lading and documents constituting title to goods attached lodged with you for collection and/or
discount and/or purchase from time to time.
In consideration of your collecting and/or discounting and/or purchasing or agreeing to collect, discount and/or
purchase all cheques, bills, hundis and other instruments with or without government securities and share certificates
or other documents including railway receipt, bills of lading or other documents constituting title to goods now
lodged or which may at any time or from time to time be lodged by me/us with you :I/We agree that all such collection, discount or purchase of cheques, bills, hundis and other instruments until further
altered or specifically otherwise provided for shall be upon the following terms and conditions.
1. You, may, at your option but at my/our cost risk and responsibility in all respects, appoint an agent, who shall be
my/our agent to collect.
2. You or the agent at your or his option, may send for collection or payment or discount on my/our account at
my/our entire costs, risk and responsibility by post or by other manner to another agent or to the drawee thereof any
cheques, bills hundis or other instruments with or without share certificates, government securities or other
documents including railway receipts, bills of lading or other documents constituting title to goods attached. I/We
agree that such other agent or the drawee shall be deemed to be my/our agent for collection at my/our entire risk and
responsibility in all respects.
3. You or an agent may, at your or his option, but at my/our risk and responsibility receive in exchange for cheques,
bill, hundis and other instruments, cheques, bank drafts or other mandates for payment in lieu of cash.
4. Receipt by you or by an agent of cheques, bank drafts or other mandates for payments as above and the loss,
mutilation or dishonour thereof and/or of other securities of any description, is not to prejudice your rights on any
cheques, bills, hundis or other instruments in case of dishonour or non payment as the case may be, nor shall any
proceedings taken thereon or your granting time or entering into any arrangements with any parties to such cheques,
bills, hundis or other instruments (and I/We hereby consent to your so granting time or entering into arrangements)
prejudice or affect your absolute recourse to me/us under the arrangements.
5. Should you or an agent receive in exchange for such cheques, bills, hundis or other instruments, payments by an
instrument which you or the agent cannot conveniently collect through normal channels, it is clearly understood that

such instrument may be collected in any manner and by any agency (including dispatch to the drawee) at my/our
entire risk and responsibility and the agent or agents (including the drawee) employed in such collection shall be
considered fully as my/our agents.
5(a) I/We hereby agree that as between myself/ourselves and the Bank, cheques, bills, hundis and other instruments
shall be deemed to be paid, realised or collected only on the amount thereof coming into the Bank's till in any office
of the Bank and until then the same and any money, cheques, bank drafts or mandates for payments received in
respect/ in lieu thereof shall be at my/our risk in all respects, that my/our liability in respect of any cheques, bills,
hundis and other instruments will cease only on the amount thereof coming into the Bank's till in any office of the
Bank.
5(b) I/We hereby agree to pay interest at the rate of _________ % over the Prime Lending Rate of the Bank per
annum with monthly/quarterly/half-yearly/yearly rests on overdue/outstanding amount. I/We also agree to pay an
additional interest at the rate of _______ % p.a. with monthly/quarterly/half-yearly/yearly rests over and above the
aforesaid rate of interest on outstanding amount (i.e. amount inclusive of interest) beyond _______ months till entire
amount is actually paid.
6) I/We hereby agree that all bills, and/or documents including railway receipts, bills of lading and documents of
title to goods which I/We may from time to time hand you for purchase or discount or against which you make
me/us advances, and goods, government securities and shares thereby represented and the proceeds thereof, are to be
held by you as continuing securities for the payments on demand of the said bills so purchased, handed or
discounted and of all advances, banking accommodation, and/or expenses which you may make afford or incur to or
for me/us in connection therewith and all other liabilities to you, present and future and you are to be at liberty to
exercise all my/our rights (if any) as unpaid sellers of the said goods, government securities and shares, and without
further reference to me/us to sell, insure, warehouse, or otherwise deal with the said goods, or to sell or to deal with
the government securities and shares as though you are the absolute owners thereof and you are expressly authorised
by me/us to refuse to deliver goods covered by the bills (whatever be their tenor) except against payment. I/We
agree that your accounts of sale and accounts of your expenses shall be accepted by me/us as conclusive evidence of
the correctness of matters therein written and I/We declare that this Agreement and your right hereunder shall in no
way be affected by my/our death or any change in my/our name, style or constitution.
7. I/We further agree that you and your agents shall be exempt from all liabilities for any loss or damages due to
deterioration of goods or loss howsoever caused to me/us arising from any telegraphic or cable error, irregularity,
delay, mistake, omission or misinterpretation, or otherwise howsoever.
8. I/We also agree that you are entitled to treat every scrip of government securities and shares and every document
constituting title to goods including railway receipts, bills of lading, etc. handed in by me/us to you as genuine
without any further inquiry and that I/We agree to indemnify you and keep you indemnified against any loss caused
to you by reason of the said documents subsequently turning out to be forged and not genuine and also against any
loss caused to you by the misdelivery or wrong delivery by the railway and Postal authorities of the government
securities and shares and goods comprised in the documents and railway receipts for any reason whatsoever.
Dated this ______________day of _______________________
Yours faithfully,

LDOC 31 (31)
Letter of B.P. Undertaking
(Foreign Bills)
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place :
_________________ branch
Dear Sir,
1. As you may from time to time purchase, negotiate, or make advances against bills of exchange drawn or accepted
or endorsed by me/us with collateral securities, or make advance to me/us against shipping or other documents, it is
agreed between us that the stipulations contained in this Memorandum shall apply to all such transactions;
2. I/We authorise you, or any of your Managers, or Agents (but not so as to make it imperative) to insure any goods
forming the collateral security for any Bills of Exchange or Advances from sea risks, including loss by capture, and
also from loss by fire on shore, and to add the premiums and expenses of such insurance to the amount chargeable to
me/us in respect of such Bills or advances, and also to sell any portion of such goods which you or your Manager or
Agent may deem necessary for payment of freight, insurance, and expenses and generally to take such measures and
make such charges for commission, and be accountable as in ordinary cases between a Merchant and his
Correspondent. And I/We consent to the goods, being warehoused at any public or private or ware house selected by
the Drawees or Acceptors of Bills, or by Consignees of goods, or by yourselves.
3. I/We hereby also authorise you, or any of your Managers or Agents to take conditional acceptances to any Bills,
to the effect that on payment thereof, the Documents handed to you as collateral security shall be delivered to the
Drawees or Acceptors thereof, and such authorization shall be taken to extend to cases of acceptance for honour.
4. I/We further authorise you, or any of your Managers or Agents, on default being made in acceptance on
presentation or in paying at maturity of any bills, or in case of the Drawees or Acceptors suspending payment,
becoming bankrupt, or taking steps towards entering into liquidation, or compromising or arranging with Creditors,
during the currency of such Bills whether accepted conditionally or absolutely, or in case of an advance against
shipping or other documents without Bills of Exchange attached thereto, upon my/our failure to pay the amounts,
advanced, together with all interest, commission and other charges thereon, to you on demand to sell all or any part
of the goods forming the collateral security for the payment thereof at such time and in such manner as you may
deem fit, and without notice to me/us or any other person or persons and after deducting usual commission, charges,
expenses and all payments made by you under any other powers hereof together with such commission on any
proceeds of such goods as is charged in ordinary cases between a Merchant and his Correspondent, to apply the net
proceeds in payment of such Bills or advances, with interest thereof , and with re-exchange and charges where
payable the balance, if any, to be placed at your option against any other of my/our bills, or any other debit or
liability secured or otherwise, including Bills or advances current and subject thereto, to be accounted for to the
proper parties, In case of loss of ship or goods insured at any time I/We authorise you to realise the policy or
policies and charge the same commission and apply the proceeds in like manner as upon a sale of goods.
5. In case the net proceeds of such goods, and /or policies shall be insufficient to pay the amount of any Bills or
advances, with re-exchange and charges, I/We engage to pay you on demand the deficiency and I/We authorise you
or any of your Managers, or Agents, to draw on me/us for the deficiency, without prejudice nevertheless to any
claim against any endorser or endorsers of the Bills, and I/We engage to honour such drafts on presentation, it being
understood that the account Current rendered by you shall be acknowledged as sufficient proof of the amount due.
6. I/We further authorise you, or any of your Managers or Agents whether the aforesaid Power of Sale shall not have
arisen, at any time before the maturity of any Bill, to accept payment from the Drawees or Acceptors thereof, and on
payment to deliver the Bills of lading and shipping documents to such Drawees or Acceptors, and in that event, you
are at liberty to allow a discount thereon at such percent as you may deem proper.
7. In case the Drawees or Acceptors should wish to take delivery of any portion of the goods held as collateral
security against Bills before maturity thereof, or in case the Consignee should wish to take delivery of any portion of
the goods held as security against advances to me/us on shipping or other documents you are authorised (but not so
as to be binding on you), to make such partial deliveries on receiving payment of a proportionate part of such Bills
or such advances.
8. Your holding collateral securities shall not prejudice your rights on any bills in case of dishonour, nor shall any
recourse or proceedings taken on any Bills, or your giving time, or entering into any composition or arrangement
prejudice or affect your title to such securities or my/our liability to you and that our liability to pay the amount due

under the Bills negotiated by you shall be absolute.. It is also agreed that you are not to be responsible for the default
of any ware housekeeper, broker, auctioneer, or other Agent or person employed by you for any purpose in the
ordinary course of business or for any loss arising from any telegraphic or cable error, any irregularity, delay,
mistake, omission or misinterpretation of yourselves, your servants, agents, brokers, auctioneers.
9. All the rights and authorities hereby given to you shall extend to and may be exercised by the holders for the time
being of any bills, and/or shipping or other documents.
10. This letter of undertaking is to be retrospective in its action, and to apply to all current as well as future
transactions, and is to continue operative, notwithstanding any change in my/our firm and shall bind the members of
the firm for the time being as if a separate similar Memorandum was signed on the occasion of each transaction.
Dated at ________________ this __________________ day of __________
Yours faithfully.

LDOC 31(A) 31(A)

foreign bills purchase agreement.
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place : _________________
_________________ branch Date : __________________
Re : Foreign Bills Purchase facility upto the limit to Rs. ____________
In consideration of your agreeing to purchase, discount, negotiate or collect or make advances to me/us, from time to
time, against the security of promissory notes made or endorsed in my/our favour, bills of exchange, cheques or
other negotiable instruments (hereinafter referred to as the "Bills" and singly the "Bill") drawn by me/us under any
export letters of credit opened in my/our favour or otherwise, and expressed to be payable either in Indian Rupees
(hereinafter referred to as the "Rupee Bills" and singly the "Rupee Bill") or in a foreign currency (hereinafter
referred to as the "foreign Currency Bills" and singly the "Foreign Currency Bill") at sight or on demand or after a
specific usance, clean or accompanied by documents of title to goods including bills of lading, airway bills or other
mercantile instruments (hereinafter referred to as the "Documents"), I/we unconditionally are irrevocably agree to
accept and be bound by the following terms and conditions of purchase, discounting, negotiation and collection of
the Bills by you under above facility :
1. The amount that would be credited to our current/advance account with you upon purchase, discounting or
negotiation of any Bills shall, in the case of a Rupee Bill, be the rupee value thereof, and in the case of a Foreign
Currency Bill, be the rupee equivalent of the amount of such Bill calculated at your applicable bill buying rate
prevailing on the date of purchase, discounting or negotiation or at the forward exchange rate if a forward exchange

contract is booked by us through you, after deducting therefrom the interest payable by us under the provisions of
Clause 2 hereof.
2. Interest on the amount of the Rupee Bill or, as the case may be, on the said rupee equivalent of the amount of the
Foreign Currency Bill, shall be payable by me/us at the rate stipulated by the Reserve Bank of India from time to
time for export credits, for the notional/normal transit period as prescribed by the Rules of the Foreign Exchange
Dealers' Association of India in force from time to time, in the case of a sight/demand Bill and for the period
comprising the notional transit period, usance and grace period (where applicable ) in the case of a usance Bill.
3. a) In the event any Bill remains unpaid for a period of 30 days after the said notional/normal transit period in the
case of a sight/demand Bill or after the due date in the case of a usance Bill, then in the case of a Foreign Currency
Bill the rupee equivalent of the amount of such Bill shall be recalculated at your applicable T.T. selling rate
prevailing on such 30th day or on the day immediately succeeding the 30th day on which the rate shall be available,
if such 30th day falls on a Saturday or a holiday, to the intent that in such an event, I/we am/are obliged to purchase
back from you the amount of foreign currency expressed in such dishonoured Bill, at your TT selling rate prevailing
on the date of such - recalculation. The recalculated rupee equivalent of the amount of such Foreign Currency Bill or
as the case may be, the amount of the dishounoured Rupee Bill shall thenceBRANCH h be deemed to be an advance
granted to me/us by you against the security of such Bill, it being distinctly understood by me/us that the exchange
risk under the Foreign Currency Bill shall accordingly be open to my/our account and irrespective of the rate of
exchange for the foreign currency involved, prevailing on the date of my/our repayment, I/we will be liable to repay
to you the amount of such advance together with interest thereon at the rate mentioned in Clause 3 (b) and all other
moneys payable by me/us under this Agreement.
b) If any Bill remains unpaid for a period of 30 days as above interest shall be payable by me/us, in the case of the
Rupee Bill, on the amount thereof, and in the case of the Foreign Currency Bill, on the recalculated rupee equivalent
of the amount of such Foreign Currency Bill, from the due date of the Bill till payment or realisation, at the
maximum rate permissible by Reserve Bank of India from time to time for overdue export credits Provided that if
the advance as mentioned in Clause 3 (a) does not get liquidated out of the proceeds of Bill, then interest shall be
payable at the maximum rate permissible by Reserve Bank of India from time to time for overdue commercial
advances.
c) If any Bill remains unpaid for a period exceeding 30 days as aforesaid, I/we agree and undertake to pay to you at
your office within 24 hours after a demand is made by you on me/us, the advance outstanding in terms of Clause 3
(a), together with interest at the rate mentioned in Clause 3 (b), as also your swap costs and all other costs, charges
and expenses payable by me/us under this Agreement.
4. a) Upon receipt by you of the advice of realisation of any Bill, the rupee equivalent of the proceeds of realisation,
in the case of a Foreign Currency Bill, shall be calculated by you within a reasonable period after receipt by you of
the said advice, at your applicable T.T. buying rate prevailing on the date of such calculation.
b) Such rupee equivalent of the Foreign Currency Bill or, as the case may be, the amount of the Rupee Bill so
realised, shall thereupon be adjusted by you against the amount credited in terms of clause 1 above, or if such Bill
has been realised after the aforesaid period of 30 days, then against any advance granted by you or against the
advance deemed to be granted to me/us in terms of Clause 3 (a), if it has remained outstanding till then.
c) In the event of there remaining a surplus after making such adjustment, the surplus shall be available to you for
appropriating (so far as the same shall extend) in or towards payment of interest accrued on the said Bill and or
towards payment of any other Bill remaining unpaid under the above facility or interest thereon or towards any other
dues owing by me/us to you whether solely or jointly with any other person, including contingent obligations or
other demands legal or equitable on any account whatsoever.
d) If such proceeds of realisation of the Bill is insufficient to liquidate the advance deemed to be granted to me/us in
term of Clause 3 (a), I/we undertake to pay to you and make good the deficiency BRANCH hwith on demand
together with interest at the rate mentioned in Clause 3 (b) above and all your costs including swap costs, charges
and expenses payable by me/us under the Agreement.
e) If prior to receipt by you of the advice of realisation of a Bill, I/we have paid all your dues in respect of such Bill
in pursuance of Clause 3 (c) above, then you shall be at liberty to appropriate or deal with the proceeds of realisation
of such Bill, in any manner you deem fit, in or towards reduction or satisfaction of my/our liability to you on any
account whatsoever whether or not then contingent, and I/we agree that in such an event, I/we shall not be entitled to
receive any interest from you on the amount of such proceeds that may be held by you pending appropriation as
aforesaid.
f) If you shall at any time purchase, discount or negotiate any Bill drawn by me/us in a foreign currency the value
whereof in your sole opinion is likely to depreciate rapidly, or you do not receive within a stipulated period,
reimbursement of any Bill which you may have at our request negotiated under an export letter of credit providing

for such reimbursement only upon receipt of the relevant documents by the issuing bank, then and in any such event,
I/we agree and undertake to pay to you without demur or protest within a period not exceeding 30 days computed in
terms of Clause 3 (a) above, the amount of the Bill in the case of a Rupee Bill or the rupee equivalent of the amount
of such Bill if it is a Foreign Currency Bill, calculated at your applicable. T.T. selling rate prevailing on the date of
payment by me/us, to the intent that exchange risk under such circumstances shall be open to my/our account. I/We
also agree to pay to you interest in accordance with Clause 3 (b) as also your swap costs incurred during the entire
period commencing from the date of purchase / discounting / negotiation, and all other costs, charges and expenses.
5. Whenever a forward exchange contract is booked by us through you, I/we agree to pay your charges for early or
late deliveries, as the case may be, of the relevant foreign currency as also your charges for any cancellation or
extension of the contract.
6. I/we also authorise you to transmit from time to time communications / instructions over cable, telegram or telex
in the course of any purchase, discounting or negotiation or collection of the Bills, as the case may be, and also
receive advice of realisation of any Bill by means of cable, telegram or telex whenever deemed necessary by you.
We agree to bear all charges and expenses of such cable telegram or telex.
7. You shall be at liberty to refuse to purchase, discount or negotiate any Bill under the above facility without
assigning any reason therefor, or you may instead, in your absolute discretion, make advance to me/us against a Bill
under the above facility.
8. You may at my/our costs, risk and responsibility in all respects, appoint and remove from time to time any agent
for the purpose of collection or realisation of the proceeds of Bills which you may have accepted for collection
under the above facility, and we agree that any such agent for the time being shall be deemed to be my/our agent for
collection or realisation of the proceeds of Bills for my/our account. You or such agent may send the Bills and
documents to the drawee or acceptor thereof either by post or any other agency, entirely at our risk and
responsibility.
9. You or such agent may at your/its option accept or receive from the drawee or the acceptor of the Bills, any
cheque, bank draft or other mandate for payment in lieu of cash, for full settlement of the Bill and if any such
instrument cannot be conveniently collected by you or the agent through normal banking channel, then I/we consent
to its collection in any other manner which you or such agent may deem fit.
10. You and your agent (the "Agent") appointed for the purpose of collection of realisation of the proceeds of Bills
which you may have purchased, discounted or negotiated under the above facility, shall be at liberty without in any
way affecting your absolute recourse to me/us on the bills and without prejudice to your rights thereunder or
hereunder, to hold any collateral securities or to grant time or any other indulgence to or receive payments before
maturity or accept part payments after maturity of any Bill from or make any arrangement or compromise with or
forebear to sue, the drawee or acceptor of any Bill or any other person liable thereon and I/we hereby expressly
consent to your doing of the foregoing without reference to me/us, it being understood that out liability on the Bills
shall cease only upon payment to you of all monies in respect thereof in accordance with the terms hereof.
11. I/We hereby further agree to effect insurance of the goods/consignments covered by the documentary Bills,
against such risks including risks from sea perils and hazards, as may required by you or the Agent, failing which it
shall be lawful for (but not obligatory upon ) the Bank or the Agent to effect such insurance as also keep the
goods,/consignment duly insured while on the shore, against loss from fire, earthquake, theft, riot and civil
commotion and deduct the cost and expense of all such insurance including renewal thereof, from the net proceeds
of realisation of the Bills or debit the same to our aforesaid account. All sums received under any such insurance
shall after deduction therefrom of all expenses, be applied in or towards liquidation of the balance due to you for the
time being under the above facility. In the event of a claim arising under any insurance policy, you and the Agent
shall be entitled to negotiate and settle such claim without any reference to me/us.
12. I/we further agree that the said goods/ consignments may be stored at any public or private warehouse or
godowns and shall be kept under your or the Agent's exclusive possession and control until payment of the relative
Bills, if the storage charges are not paid by the drawee or the acceptor of any Bill, the same may be deducted from
the net proceeds of realisation thereof or may be debited at your option to our aforesaid account with you. You and
the Agent shall not be in any way liable or responsible for any loss, damage or depreciation which the said
good.consignments may suffer or sustain on nay account whatsoever not shall you or the Agent be responsible for
any shortage resulting from theft or pilferage while the goods/consignments remain in your of Agent's possession or
control.
13. It shall be lawful for the Bank or the Agent from time to time to have any goods/ consignments valued by an
Appraiser or Valuer to be appointed by the Bank or the Agent. The expenses of such valuation including fees of the
Appraiser or Valuer shall be debited to our aforesaid account.
14. If any of the following events shall have occurred and be continuing, namely :

i) any Bill is dishonoured on presentation, whether for acceptance or payment by the drawee or acceptor thereof.
ii) If I/we or the drawee or acceptor of any Bill shall become insolvent or be unable to pay debts as they mature or
commit or permit any act of bankruptcy, which term shall include (a) the filing of a petition in any bankruptcy,
reorganisation, winding - up or liquidation proceeding or other proceeding analogous in purpose and effect, (b) the
failure by me/us or the drawee or acceptor of any Bill to have any such petition which may have been filed by
another party discharged within 30 days, (c) the passing of a resolution for the voluntary winding - up of myself /
ourselves or such drawee or acceptor, (d) the application for or consent to the appointment of a receiver, trustee,
liquidator or similar officer for the bankruptcy, reorganisation, winding - up or liquidation of myself/ourselves, or of
the drawee or acceptor of any Bill, (e) the making of an assignment by me/us or by any such drawee or acceptor for
the benefit of creditors, (f) the entry of any court order or judgement confirming the bankruptcy or myself/ourselves
or of the drawee or acceptor or approving any reorganisation, winding - up or liquidation of myself / ourselves or of
the drawee or acceptor of any Bill or a substantial portion of my/our or their properties and assets :
iii) there shall occur a disturbance in the financial markets or any legislation shall be enacted or a decree adopted in
India or elsewhere at the place for payment of any Bill, or any other adverse change or circumstances of any kind
whatsoever shall occur whereby as a direct or indirect consequence, in your or the Agent's opinion it is likely to
imperil or preclude the fulfillment of the obligations of the drawee or acceptor under any of the Bills or of my/ our
obligations under the Bills or under this Agreement : or
iv) I/we fail to pay any moneys due to you under any other agreement or document evidencing, securing,
guaranteeing or otherwise relating to my/our indebtedness to you in respect of any other facility granted to me/us or
at my/our request, by you ;
14 (a) Then and in any such event, the provisions of Clause 3 shall apply notwithstanding that any of the Bills may
not have then matured for payment and you may by a written notice to me/us terminate my/our right to avail of the
above facility any further. and demand payment from me/us of the aggregate amount outstanding in respect of all the
advance made to me/us by you under the above facility including advances deemed to be made to me/us in terms of
Clause 3 above, together with interest thereon as aforesaid and all costs (legal costs on full indemnity basis) swap
cost, charges and expenses payable by my/us under this Agreement, whereupon / we shall be liable to pay to you the
amount demanded within 24 hours of the receipt by me/us of the said notice without calling for any proof of the
occurrence of any of the aforesaid events, which I/we hereby expressly waive. Upon my/our failure to make
payment to you of the amount in accordance with your said notice, it shall be lawful for you and the Agent at any
time thereafter without prejudice to your rights against me/us to sell in public action or private contract subject to
such conditions as you and the Agent may deem fit or otherwise dispose of or deal with the Documents and /or the
goods/consignments or any part thereof for the time being on your or the Agent's possession or control, including
reimporting the goods / consignments back to India entirely at my/our risks and responsibility us to costs and
consequences, and to enforce, realise, settle, compromise and deal with any rights or claims relating to the
Documents and /or such goods, . consignments without being bound to exercise any of these powers and Bank shall
not be liable for any loss in the exercise or non - exercise thereof and I/we further agree that you and the Agent all
be entitled to admit, reject or refer to arbitration without consulting me/us, claims of any person to any Documents
or goods/ consignments.
14. (b) The rupee equivalent of the net proceeds of sale of the said goods/consignments shall be calculated by you
within a reasonable period after receipt by you of the sale proceeds, at your applicable buying rate prevailing on the
date of such calculation and shall be applied in or towards payment of the advance granted or deemed to be granted
by you, together with interest at the rate and in the manner set out in Clause 3 and all your costs including swap
costs, charges and expenses, If the net sum realised by such sale shall be insufficient to liquidate the dues owing to
you as aforesaid, I/we shall be liable BRANCH hwith on production to me/us of an account provided in Sub Clause (d) below, to pay to you the balance thereby shown. Without affecting my/our obligation to pay such balance
amount, you shall be entitled (but not bound) to apply any other money or moneys standing to my/our credit in any
account with you or belonging to me/us or any moneys which I/we may then or at any time thereafter be entitled to
draw form you under any loan, cash credit, overdraft or other arrangement, in or towards payment of such balance
due to you and in the event of such money or moneys being insufficient for the discharge in full of such balance,
I/we agree and undertake to pay such balance to you provided always that nothing herein contained shall be deemed
to affect or prejudice your rights to recover from me/us the amount of any dishonoured Bill or any advance granted
to me/us against any Bill or otherwise the balance for the time being remaining due to you under the above facility
notwithstanding that the goods/consignments may not have been sold.
c) In the event of there being a surplus available of the net proceeds of sale of the said goods/ consignments after
payment in full of the amount due to you in respect of any dishonoured Bill, it shall be lawful for you to retain and
apply such surplus together with any other money or moneys belonging to me/us for the time being lying with you

under whatever account so far as the same shall extend, in or towards payment or liquidation of any and all other
moneys which shall be or become due from me/us whether solely or/jointly with any other person or persons
including obligations, current though not then due or payable or other demands, legal or equitable, which you may
have against me/us or which the law of set - off or mutual credit would in any case admit and irrespective of whether
I/we shall become or be adjudicated bankrupt or insolvent or be in liquidation or otherwise, with interest and all
costs, charges and expenses. Surplus if any, remaining after settlement of all your claims against me/us, shall be
payable to me/us or the person entitled thereto.
d) I/we agree to accept without question in and out of court, as conclusive proof of the amount realised by any such
sales as aforesaid and of any sum, claimed to be due from me/us in respect of any dishonoured Bill or ..otherwise
under this Agreement, and of the cost and expenses incurred in connection with such sale, a statement of account
made out from your books of accounts, signed by your duly authorized officer.
15. If any drawee or acceptor of a Bill shall desire to take delivery of any portion of the goods/consignments thereby
covered whether before, at or after maturity of such Bill, or to pay in installments the amount of a Bill not otherwise
so payable, then we irrevocably authorize you and your Agent (but not so as to make it obligatory) to permit such
partial delivery against receiving such part payment of the Bill which to you or the Agent may seem to be
proportionate to the value of the portion of goods/consignments so delivered or as the case may be, to accept
payment of a Bill in such installments as you or the Agent may deem proper, without prejudice to your rights again
me/us under this Agreement.
16. I/we further agree that you and the Agent shall not in any way be responsible for any loss arising from
negligence or default of any warehouse keeper, broker, auctioneer or other agent or person employed by you in
course of purchase, discount, negotiation or collection of the Bills under the above facility nor shall you or the Agent
be liable for any loss arising from any delay or error in the transmission of any instructions whether by telex or
otherwise.
17. I/we agree to indemnify and keep you and the Agent indemnified against any loss caused to you or the Agent by
reason of any defect or discrepancy in any Bill or Document as also against any loss caused by delay in delivery or
misdelivery or loss of any Bills, Documents or the goods/ consignments in the course of transit or otherwise
howsoever in the premises.
18. All rights, powers and authorities hereby conferred on you shall extend to and may be exercised by the holders
for the time being of any Bills and or the Documents.
19. The provision of this Agreement shall be applicable also to the Bills that may have been purchased, discounted
or negotiated or accepted by you for collection prior to the date hereof but which may have remained unpaid so far
or may not have yet fallen due for payment.

LDOC 32 (32)
Letter of recording against uncleared effects.
(Unstamped)
BANK NAME XXXXX, Place : _________________
________________ branch Date : __________________
Dear Sir,
Re : Withdrawal against local uncleared cheques.
We confirm having requested you to allow us withdrawals in our __________________ Account with you against
local uncleared cheques to the extent of Rs. _________________ (Rupees
_________________________________________) outstanding at any one time provided such local uncleared
cheques do not include cheques drawn by ourselves.
We further confirm that in case of any of the cheques or other effects against which withdrawals are allowed are
returned unpaid, we would be prepared to adjust our account immediately and pay interest at the applicable rate on
the temporary overdraft so created.

We further confirm that this facility allowed to us on account of our above request, is in your absolute discretion and
may be discontinued at any time without any previous intimation to us.
We understand that it is on the faith of this undertaking that you have granted us the facility as aforesaid.
Your faithfully,

LDOC 33 (33)
General Form of Guarantee
/STAMP AS ON AGREEMENT plus POWER OF ATTORNEY/
BANK NAME XXXXX, Place : _________________
________________ branch Date : __________________
In consideration of BANK NAME XXXXX (hereinafter called the Bank) giving credit or accommodation or
granting facilities to _______________________________________ by making/opening /continuing a
Loan/Overdraft/Cash Credit account or by discounting purchasing and/or negotiating bills with or without security
and /or in consideration of the Bank opening and giving Letters of Credit and/or trust receipt facilities in favour of
_________________________________________________________________ on terms and conditions that may
be settled between you and the said
_________________________________________________________________________________________
_______________________________ at any time or from time to time without reference to me/us, I/We.
____________________________________________________________________ jointly and severally hereby
agree with and guarantee to you the due payment and discharge on demand of all amounts due and payable to you
by ____________________________________________(herein after called The "Principal") at any time and also
of all bills, promissory notes or guarantees held by the Bank bearing the Principal's signature in respect of the said
facilites together with interest, banking and other charges and expenses that the Bank may in course of its business
charge against the Principal together with all relative interest, charges, cost, (as between attorney, advocate, and
client) and expenses Provided Nevertheless that our liability under this Guarantee shall not exceed in the whole the
sum of Rupees ________________ apart from and in addition to all interest, Banking, Law and other costs,
expenses above-referred-to.
For the consideration aforesaid I/We jointly and severally further agree as follow :
1. This guarantee shall be continuing security binding me/us and my/our personal representative until the expiration
of three calendar months from the receipt by the Bank of a notice in writing to discontinue in and notwithstanding
the discontinuance by or any release or granting of time or indulgence to any one or more of us this Guarantee shall
remain a continuing security as to the others and if discontinued by notice this Guarantee shall nevertheless as to the
party or parties giving such notice continue to be available (subject to the aforesaid limit of total amount) for and
shall extend to all indebtedness and liabilities of the Principal to you at the date of receipt of such notice whether
then certain or contingent and whether then payable BRANCH hwith or at some future time or times and also for
and to all credits then established by you for the Principal and for and to all credit facilities granted and to all
cheques, drafts, bills, notes and negotiable instruments drawn by or for the account of Principal on you and dated or
purporting to be dated on or before such date although presented to or paid by you after such date and all guarantees
signed by the Principal and delivered to you on or before such date and that in the event of my/or any of us dying or
becoming under disability the liability of the executors, administrators or legal representative of such person so

dying and of his estate shall continue until the expiration of three calendar months from the receipt by the Bank of a
written notice given by such legal representative (or the survivors or survivor of me/us) to determine this guarantee.
You shall be at liberty on receipt of any such notice as contemplated in this clause at any time within the three
calendar months to open a fresh account and/or to grant fresh facilities to the Principal and to appropriate thereto all
payments subsequently made to you by the principal and not expressly appropriated to the old account without
prejudice to my/our estates liability to the extent aforesaid. I/We shall not be released from my/our liability in
respect of the B.P. limit of Rs. _____________ covered by this guarantee in the event of any omission delay or
default in presentation of bill or in the issue of notices of dishonour on the part of the Bank.
2. The Guarantee is additional and without prejudice to any securities or obligation which you may now or hereafter
have from us, from the Principal or from any one else in respect of any indebtedness or liabilities hereby guaranteed
and all rights and remedies in respect thereof are reserved.
3. This Guarantee shall be a continuing guarantee and shall not be considered as wholly or partially satisfied or
exhausted by any payments from time to time made to the Bank or any settlement of any account or by reason of the
account being brought to a credit at any time or from time to time or its being drawn upto the full extent or
exceeding the full extent of the limit from time to time and its being reduced or extinguished and thereafter reopened. The Guarantee shall continue in force notwithstanding the discharge of the Principal by operation of law or
my death or of any one of us and shall cease only on payment of the amount guaranteed hereunder either by me or
any of us.
4. I/We expressly agree that the Bank shall have full discretionary power, without my/our further assent or
knowledge and without discharging or in any way affecting my/our liability under this guarantee from time to time
AND at any time to negotiate with the Principal and settle and or alter the terms and conditions, to promise, to grant
time or indulgence to or not to sue the Principal or any person liable with or for Principal, whether as guarantor or
otherwise or make any other arrangement with the Principal or any persons so liable with or for the Principal as the
Bank may think fit and to hold over, renew, vary, exchange or release in whole or in part and from time to time any
securities held or to be held by the Bank for or on account of the moneys and liabilities intended to be hereby
secured or any part thereof. I/We also agree that I/We shall not be discharged from my/our liability by your
releasing the Principal debtor or by any act or omission of yours the legal consequence of which may be to discharge
the Principal debtor or by any act of yours which would, but for this present provision, be inconsistent with my/our
rights as surety or by your omission to do any act, which but for this present provision your duty to me/us would
have required you to do. We hereby consent to each and every of the acts mentioned above as you may think fit.
Moreover though as between the Principal debtor and me/us I am/We are sureties only, I/We agree that as between
yourselves and me/us, I/am/We are Principal debtor(s) jointly with him and accordingly I/We shall not be entitled to
any of the rights conferred on sureties by Sections 133, 134, 135, 139 and 141 of the Indian Contract Act. And we
further expressly agree that the Bank shall also have discretionary power without my/our further assent or
knowledge or without discharging or in any way affecting my/our liability under the Guarantee from time to time
and at any time to agree to the variations of the terms and conditions of any Letter of Credit that has been and/or
may be opened for the benefit of the Principal to convert a documentary Letter of Credit into clean or open Letter of
Credit and vice versa, to convert a revocable Letter of Credit into irrevocable one and vice versa, to vary or alter the
other terms, as to the nature and amount of credit, war risk, as regards the conditions of advance, the nature of the
documents to be tendered, the names of the beneficiaries, the nature, quality, quantity of goods, the country of origin
and the conditions regarding port of shipment, certificates of country of origin, nature, quality, quantity, weight or
otherwise, the terms of shipment such as F. O. B. / CIF C/FA. S/C. I.F. / C & F as regards shipments by installments
or to convert a contract for shipment by installment into shipment into one lot, the terms of draft as to insurance and
the terms thereof, the terms regarding payment and to part with the shipping documents and/or goods covered by
such shipping documents negotiated under the said Letter of Credit or a Trust Receipt of the principal or otherwise,
and other conditions as may be comprised in the Letter of Credit within the limit of Rs.
__________________________________ referred to in cl. 1 hereof and to release or vary any security granted
therefor and for the purpose aforesaid to settle and or alter the terms and conditions to grant time or indulgence to
Principal or any person liable with or for the Principal whether as Guarantor or otherwise or compound or make any
other arrangement with the Principal or any other person so liable with or for the Principal as the Bank may think fit
and to hold over, renew, vary, exchange or release in whole or in part and from time to time any securities held or to
be held by the Bank for/or on account of the moneys and liabilities intended to be secured hereby or any part
thereof. And for all purposes of this claim the Principal is empowered to give consent on my/our behalf and any
consent given by the Principal shall be deemed to have been given by me/us and shall bind me/us in all respects as if
the same had been expressly given by me/us in writing. The Principal is also hereby empowered to acknowledge the

debt/s and/or security/ies for and on behalf of me/us and the said acknowledgment and/or the security/ies shall be
valid as against me/us as though they were executed by me/ourselves.
5. The Bank may recover against me/us to the extent herein before mentioned notwithstanding that the principal or
his agents, partners, directors or officers may have exceeded his or their powers or that the arrangements with the
Bank may have been ultra vires and without being bound to enforce its claim against the Principal or any other
person or other security held by the Bank. The Bank shall not be bound to inquire into powers of the Principle or his
agents or partners, directors or officers purporting to act on behalf of the Principal and all moneys dues or liabilities
incurred shall be deemed to form part of the present guarantee notwithstanding that the Principal or his agents,
partners, directors and officers may have exceeded his or their power or the arrangement with the Bank may have
been ultra vires.
6. I/We waive in the Bank's favour all or any of my/our rights against the Bank or the Principal as may be necessary
to give effect to any of the provisions of this guarantee.
7. I/We declare that I/We have not received any security from the Principal for the giving of this guarantee and I/We
agree that I/We will not so long as any moneys remain owing by the Principal to the Bank or any liability incurred
by the Bank remains outstanding, take any security in respect of my/our liability hereunder without first obtaining
the Bank's written consent and I/We agree that in the event of my/our taking any such security amount for which
I/We am/are to be liable under this guarantee shall be increased by the amount by which dividends payable by the
Principal to you on a winding up is thereby diminished. I/We have not received any consideration by way of
Commission or otherwise for giving this guarantee; nor shall I/We receive any consideration for my/our standing as
Guarantor/s to the Facility/ies above mentioned.
8. I/We further agree that in respect of my/our liability hereunder the Bank shall have a lien on all securities
belonging to me/us now or hereafter held by the Bank and all moneys now or hereafter standing to my/our credit
with the Bank on my current or any other account.
9. And this guarantee shall be applicable to the ultimate balance that may become due to the Bank from the Principal
and until repayment of such balance the Bank shall be entitled to retain, realize, or otherwise dispose of in such
manner as the Bank may think fit any securities now or hereafter held by the Bank and without any liability to
account to me/us for my/our any portion of such securities or of the proceeds thereof until all your claims have been
fully satisfied, and in the meantime I/We will not take any steps to enforce any right or claim against the Principal in
respect of any moneys paid by me/us to the Bank hereunder. And, further that if Bank should receive payment from
the Principal or any person on behalf of the Principal or from any security held by the Bank, or if the Principal shall
become insolvent or go into liquidation or compound with his creditors, the Bank shall be at liberty without
discharging my/our liability to make or assent to any compromises, compositions or arrangements or to prove and to
rank as creditor in respect of the amount claim able by the Bank or any items thereof, and to receive dividends
thereupon and all such payments and dividends received shall be treated as payments in gross and my/our liability
shall extend to the ultimate balance after deducting such payments and to the entire exclusion and surrender of all
my/our rights as sureties in competition with the Bank any rule of law or equity to the contrary notwithstanding.
And I/We shall not be paying off the sum guaranteed or any part thereof or upon any ground, proven or claim to
prove in respect of the sum guaranteed or any part thereof or take advantage of any securities held by the Bank until
the whole of your claim against the Principal has been satisfied.
10. A demand in writing shall be deemed to have been duly given to me/us or my/our heirs or assigns by leaving the
same at my/our last known address hereunder written and shall be effectual notwithstanding any change of address
or notwithstanding notice thereof to the Bank, and such demand if sent by post shall be deemed to be received by
me/us or my/our heirs, assigns 24 hours after posting thereof and shall be sufficient if signed by any officer of the
Bank and in proving such service it shall be sufficient to prove that the letter containing the demand was properly
addressed and put into the Post.
11. In the event of this guarantee being determined either by notice by me/us or by demand in writing by the Bank, it
shall be lawful for the Bank to continue the account of the Principal notwithstanding such determination and my/our
liability or for the moneys advanced or paid or agreed to be advanced or paid and liabilities or obligations incurred
by the Bank at the date when the guarantee is so determined shall remain notwithstanding any subsequent payment
or out of the cash credit account by or on behalf of the Principal upto the limit aforesaid.
12. The Guarantee shall not affect or be affected by any other or further securities taken or held by you or by any
loss by you of any collateral or other security nor by your failing to recover by the realisation of collateral securities
or otherwise any such sum or sums due from the Principal or any other person, or any laches on your part, nor shall
you be responsible to me/us for any such loss or laches.

13. Any account settled or stated between you and the Principal or admitted by the Principal shall be accepted by
me/us as conclusive evidence. A certificate in writing signed by any officer of the Bank stating the amount at any
particular time payable under this guarantee shall be conclusive evidence against me/us.
14. This guarantee shall be enforceable notwithstanding any change in the name of the Bank and it shall enure for
the benefit of any banking company with which the Bank may become amalgamated or to which the Bank shall
assign it.
15. Should the Principal be a limited company, corporate or unincorporated body, committee, firm, partnership,
trustees or debtors on a joint account, the provisions herein before contained shall be construed and take effect
where necessary as if words importing the singular number included, also the plural number. This guarantee shall
remain effective notwithstanding any death, retirement, change, accession, or addition, as fully as if the person or
persons constituting or trading or acting as such body, committee, firm, partnership, trustees or debtor on joint
account at the date of the Principal's default or at any time previously was or were the same as the date hereof.
In the event of there being more than one guarantor the liability of the remaining guarantors shall not be affected or
released or given up by time or other indulgence to one or more of the guarantors nor by the death of any one or
more of the guarantors until notice shall have been given to the Bank as provided in Clause 1 hereof.
The Bank shall be entitled to fix with the Principal a period for such loan, Overdraft/Cash-Credit account facility
and to alter to extend such a period from time to time. The Bank shall be entitled from time to time to take renewals
of hundies, promissory notes or other documents and securities from the Principal. The Bank shall be entitled to take
one hundi or promissory note or other documents for the whole amount hereby guaranteed or to split up the amount
and take separate documents for each part and take any such documents from the Principal alone or from the
Principal and other persons whose identity may vary from time to time. My/Our liability under this Guarantee shall
not be discharged or affected in any way by reason of any such or similar acts or dealings.
Name & Address Signature(s) of the Guarantor(s)

LDOC 33(A) CORPORATE GUARANTEE 33(A)

(where our Bank is the sole lender)
/STAMP AS ON AGREEMENT/
THIS agreement OF GUARANTEE executed at ___________ this _______ day of ______ by M/s.
_________________________________ Ltd. a Company within the meaning of the Companies Act, 1956 and
having its Registered Office at ___________________________ (hereinafter referred to as "the Guarantors" which
expression shall, unless it be repugnant to the subject or the context thereof, include its successors and assigns) in
favour of BANK NAME XXXXX, a body corporate constituted by and under the Banking Companies (Acquisition
and Transfer of Undertakings) Act, 1970 and having its Head Office at Mandvi, Baroda and a branch amongst other
places at _______________(hereinafter called 'BANK' which expression shall, unless it be repugnant to the subject
or context thereof, include its successors and assigns)
WhereAs
1) _______________, a company within the meaning of Companies Act, 1956 and having its registered office at
___________________________________________________________________________
_______________________________________________________________ (hereinafter referred to as "the
borrower") has requested BANK to lend and advance to the Borrower various credit facilities aggregating Rs.
________ lacs (Rupees ________________________ Lacs only) for ________________
______________________________________________________________
2) BANK has agreed in principle to lend and advance to the Borrowers sums aggregating to Rs.
_____________________ (hereinafter referred to as "the Loan" or the "the Loans" as the context admits) on the
terms and conditions in the sanction Letters/other agreements and security documents entered into between the
borrower and BANK (hereinafter referred to as "the Loan Agreement").

NOW THIS DEED WITNESSETH AS FOLLOWS :

IN CONSIDERATION OF THE premises, the Guarantors hereby unconditionally, absolutely and irrevocably
guarantee and agree with BANK as follows:
1. BANK shall have the sole discretion to make disbursement(s) and/or interim disbursement(s) to the borrower
from out of the Loans.
2. The Borrower shall duly and punctually repay the Loans, together with all interest, interest tax, Liquidated
damages, commitment charges, premia on prepayment or on redemption, costs, expenses, and other monies in
accordance with the Loan Agreements and perform and comply with all the other terms, conditions and covenants
contained in the Loan Agreements.
3. In the event of any default on the part of the Borrower in payment/repayment of any of the moneys referred to
above, or in the event of any default on the part of the borrower to comply with or perform any of the terms,
conditions and covenants contained in the Loan Agreements, the Guarantors shall, upon demand, BRANCH hwith
pay to BANK without demur all of the amounts payable by the Borrower under the Loan Agreement.
4. The Guarantors shall also indemnify and keep BANK indemnified against all losses, damages, costs, claims and
expenses whatsoever which BANK may suffer, pay or incur by reason of or in connection with any such default on
the part of the Borrower including legal proceedings taken against the Borrower and/or the Guarantors for recovery
of the monies referred to in clause 2 above.
5. The Guarantors hereby agree that, without the concurrence of the Guarantors, the Borrower and BANK shall be at
liberty to vary, alter or modify the terms and conditions of the Loan Agreement and of the security documents
executed by the Borrower in favour of BANK and in particular to defer, postpone or revise the repayment of the
Loans and /or payment of interest and other monies payable by the borrower to BANK on such terms and conditions
as may be considered necessary by BANK including any increase in the rate of interest. The Guarantors agree that
the liability under this Guarantee shall in no manner be affected by any such violations, alterations, modifications,
waiver, and that no further consent of the guarantors is required for giving effect to any such variation, alteration,
modification or waiver.
6. BANK shall have full liberty, without notice to the Guarantors and without in any way affecting this guarantee to
exercise at any time and in any manner any power or powers reserved to BANK under the Loan Agreement, to
enforce or forbear to enforce payment of the Loans or any part thereof or interest or other moneys due to BANK
from the Borrower or any of the remedies or securities available to BANK, to enter into any composition or
compound with or to grant time or any other indulgence or facility to the Borrower AND the Guarantors shall not be
released by the exercise by BANK of their liberty in regard to the matters referred to above or by any act or
omission on the part of BANK or by any other matter or thing whatsoever which under the Law relating to sureties
would but for this provision have the effect of so releasing AND the guarantors hereby waive in favour of BANK so
far as may be necessary to give effect to any of the provisions of this Guarantee, all the suretyship and other rights
which the Guarantors might otherwise be entitled to enforce. Under the provisions of the guarantee or under the
Indian Contract Act or any other enactment.
7. The Guarantors hereby agree and give consent to the sale, mortgage on prior, pari-passu or second charge basis,
release, etc., of any of the assets by the Borrower from time to time as may be approved by BANK or the transfer of
any of the assets of the Borrower from one unit to the other or to the release or lease out by BANK any or whole of
the assets charged to BANK on such terms and conditions as the Lenders may deem fit and this may be treated as a
standing and continuing consent for each and every individual act of transfer, mortgage, release or lease of any of
such assets by the Borrower. The guarantor hereby declares and agrees that no separate consent for each such
transfer, mortgage, release or lease of any of such assets would be necessary in future.
8. The guarantor hereby agrees and declares that the obligations of the guarantor under this Agreement to BANK
shall have precedence or shall rank pari passu with the charges Created / to be Created by the guarantors on their
assets in favour of financial institutions and Banks in the event of the guarantor being declared insolvent or the
guarantor is wound up or in the event of the said charge holders enforcing their security during the continuance of
this guarantee. The guarantors hereby agree and declare that the Borrower will be free to avail of further loans or
other facilities from BANK or any other financial institution or bank in addition to the loans and/or to secure the
same during the subsistence of this guarantee and that in that event the guarantee herein contained will not be
affected or vitiated in anyway whatsoever but will remain in full force and effect and binding on the Guarantors.
9. The rights of BANK against the guarantors shall remain in full force and effect notwithstanding any arrangement
which may be reached between BANK and the Borrowers, or notwithstanding the release of the Borrowers from
liability or any portion thereof, and BANK shall be at liberty to require the performance by the Guarantors of their
obligations hereunder to the same extent in all respects as if the Guarantors had at all times been solely liable to
perform the said obligations.

10. The guarantors hereby declare and agree that they have not received and shall not, without the prior consent in to
writing of BANK, receive any security or commission from the Borrower for giving this guarantee so long as any
monies due and payable by the Borrower to BANK under the Loan agreement are not paid and liquidated in full.
11. The Guarantors shall not in the event of the liquidation of the borrower prove in competition with BANK in
liquidation proceedings.
12. A certificate in writing signed by a duly authorised official of BANK shall be conclusive evidence against the
Guarantors of the amount for the time being due to BANK from the Borrower in any action or proceeding brought
on this Guarantee against the Guarantors.
13. This Guarantee shall not be wholly or partially satisfied or exhausted by any payments made to or settled with
BANK by the Borrower and shall be valid and binding on the Guarantors and operative until repayment in full of all
moneys due to BANK under the Loan Agreement.
14. This Guarantee shall be irrevocable and the obligations of the Guarantors hereunder shall not be conditional on
the receipt of any prior notice by the Guarantors or by the Borrowers and the demand or notice by BANK as
provided in Clause 19 hereof shall be sufficient notice to or demand on the Guarantors.
15. The liability of the Guarantor under this Guarantee shall not be affected by 1. Any change in the constitution or winding up of the Borrower or any absorption, merger or amalgamation of the
Borrower with any other Company, corporation or concern; or
2. Any change in the management of the Borrower or take over of the management of the Borrower by Central or
State Government or by any other authority; or
3. Acquisition or nationalisation of the Borrower and/or of any of its undertaking(s) pursuant to any Law; or
4. any change in the constitution of BANK; or
5. Any change in the set up of the guarantors which may be way of change in constitution, winding up, voluntary or
otherwise, absorption, merger or amalgamation or otherwise;
6. The absence or deficiency of powers on the part of the Guarantor to give guarantees and/or indemnities or any
irregularity in the exercise of such powers.
16. BANK may enforce the guarantee contained herein and any other security created by the Borrower in favour of
BANK simultaneously. In the event of BANK obtaining a decree against both the Borrower and the guarantor in
respect of any other security provided by it to BANK and also against the guarantors, BANK shall not be bound to
first take steps for the execution/enforcement of the decree against the assets of the Borrowers and BANK shall be
entitled to proceed against the guarantors for execution/ enforcement of the decree obtained against the guarantors as
the liability of the guarantors is coextensive with that of the Borrowers and as between BANK and the guarantors,
the guarantors have agreed to be the principal Borrowers.
17. This Guarantee shall be a continuing one and shall remain in full force and effect till such time the Borrower
repays in full the loans together with all interest, liquidated damages, commitment charges, premia on prepayment or
on redemption, cost, expenses and other monies that may from time to time become due and payable and remain
unpaid to BANK under the Loan Agreement.
18. The liability of the Guarantors hereunder shall not exceed the sum of Rs. _________ lacs, plus all interest,
Liquidated damages, commitment charges, premia on prepayment or on redemption, cost, expenses and other
monies payable by the Borrower to BANK under the Loan Agreement.
19. Any demand for payment or notice under this Guarantee shall be sufficiently given if sent by post to or left at the
last known address of the guarantors or their successors or assigns, as the case may be, such demand or notice is to
be made or given, and shall be assumed to have reached the addressee in the course of post, if given by post, and no
period of limitation shall commence to run in favour of the Guarantors until after demand for payment in writing
shall have been made or given as aforesaid and in proving such notice when sent by post it shall be sufficiently
proved that the envelope containing the notice was posted and a certificate by any of the responsible officers of
BANK that to the best of his knowledge and belief, the envelope containing the said notice was so posted shall be
conclusive as against the Guarantors, even though it was returned unserved on account of refusal of the Guarantor(s)
or otherwise.
20. The Guarantor hereby confirms that it has necessary power and authority under its Memorandum and Articles of
Association to give this guarantee and the guarantor has been authorised by its Board to execute this guarantee under
its common seal in favour of BANK for securing the liabilities of the Borrower as herein above mentioned.
IN WITNESS WHEREOF the Guarantors have caused their Common Seal to be affixed to these presents on the day
and year first herein above written.
The common seal of ________________________ Ltd. has, pursuant to the Resolution of its Board of Directors
passed in that behalf on the ____________ day of ___________ 19____, hereunto affixed in the presence of Shri

_________________________and Shri_________________________ Directors who have signed these presents in

token thereof and Shri ____________________________________ Secretary/authorised person who has
countersigned the same in token thereof.

LDOC 33(B)
CORPORATE GUARANTEE 33(B)
(consortium lending)
/STAMP AS ON AGREEMENT/
THIS agreement OF GUARANTEE executed at ___________ this _______ day of ______ by M/s.
_________________________________ Ltd. a Company within the meaning of the Companies Act, 1956 and
having its Registered Office at ___________________________ (hereinafter referred to as "the Guarantors" which
expression shall, unless it be repugnant to the subject or the context thereof, include its successors and assigns) in
favour of ___________ _______________ BANK NAME XXXXX, a body corporate constituted by and under the
Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and having its Head Office at Mandvi,
Baroda and a branch amongst other places at _____________________________ (hereinafter called "BANK"
which expression shall, unless it be repugnant to the subject or context thereof, include its successors and assigns)
________________ Bank a body corporate constituted by and under the Banking Companies (Acquisition and
Transfer of Undertakings) Act 1970 and having its Head Office at __________________ and branch amongst other
places at ____________________________ (hereinafter called ______ which expression shall, unless it be
repugnant to the subject or context thereof, include its successors and assigns)
______________________ Bank a body corporate constituted by and under the Banking Companies (Acquisition
and Transfer of Undertakings) Act 1970 and having its Head Office at ___________________ and branch amongst
other places at ______________________ (hereinafter called __ which expression shall, unless it be repugnant to
the subject or context thereof, include its successors and assigns)
______________________ Bank a body corporate constituted by and under the Banking Companies (Acquisition
and Transfer of Undertakings) Act 1970 and having its Head Office at ___________________ and branch amongst
other places at ______________________ (hereinafter called __ which expression shall, unless it be repugnant to
the subject or context thereof, include its successors and assigns)
(All of which ________________________ and _____ are hereinafter collectively referred to as "the LENDERS" or
" the said Banks" or" ___ consortium " which expression shall, unless it be repugnant to the subject or context
thereof, include each of them or any one or more of them and their respective successors and assigns);
By consent of all the parties, _____________ is designated and recognized as the Lead Bank of the
______________ consortium. If the consortium of Banks is increased or diminished from time to time by adding or
dropping of one or more banks or is changed by substitution of any bank by another during the currency of this
Agreement, then the reconstituted consortium will be governed by the provisions of this Agreement as if they have
been added or dropped herein as the case may be and the term "the said Banks" shall mean and shall be deemed to
include the reconstituted consortium as well.
WhereAs
1) _________________________, a company within the meaning of Companies Act, 1956 and having its registered
office at____________________________________________________________________

_______________________________________________________________ (hereinafter referred to as "the

borrower") has requested the Lenders to lend and advance to the Borrower various credit facilities aggregating Rs.
________ lacs (Rupees ________________________ Lacs only) for ________________
______________________________________________________________
2) The Lenders have agreed in principle to lend and advance to the Borrowers sums aggregating to Rs.
_____________________ (hereinafter referred to as "the Loan" or the "the Loans" as the context admits) on the
terms and conditions in the sanction Letters/other agreements and security documents entered into between the
borrower and the Lenders (hereinafter referred to as "the Loan Agreement").
NOW THIS DEED WITNESSETH AS FOLLOWS :
IN CONSIDERATION OF THE premises, the Guarantors hereby unconditionally, absolutely and irrevocably
guarantee and agree with the Lenders as follows :
1. The Lenders shall have the sole discretion to make disbursement(s) and/or interim disbursement(s) to the
borrower from out of the Loans.
2. The Borrower shall duly and punctually repay the Loans, together with all interest, Liquidated damages,
commitment charges, premia on prepayment or on redemption, costs, expenses, and other monies in accordance with
the Loan Agreements and perform and comply with all the other terms, conditions and covenants contained in the
Loan Agreements.
3. In the event of any default on the part of the Borrower in payment/repayment of any of the moneys referred to
above, or in the event of any default on the part of the borrower to comply with or perform any of the terms,
conditions and covenants contained in the Loan Agreements, the Guarantors shall, upon demand, but subject to
provisions of clause 16 hereof BRANCH hwith pay to the Lender without demur all of the amounts payable by the
Borrower under the Loan Agreement.
4. The Guarantors shall also indemnify and keep the Lenders indemnified against all losses, damages, costs, claims
and expenses whatsoever which the Lenders may suffer, pay or incur by reason of or in connection with any such
default on the part of the Borrower including legal proceedings taken against the Borrower and/or the Guarantors for
recovery of the Moines referred to in clause 2 above.
5. The Guarantors hereby agree that, without the concurrence of the Guarantors, the Borrower and Lenders shall be
at liberty to vary, alter or modify the terms and conditions of the Loan Agreement and of the security documents
executed by the Borrower in favor of the Lenders and in particular to defer, postpone or revise the repayment of the
Loans and /or payment of interest and other Moines payable by the borrower to the Lenders on such terms and
conditions as may be considered necessary by the Lenders including any increase in the rate of interest. The
Guarantors agree that the liability under this Guarantee shall in no manner be affected by any such violations,
alterations, modifications, waiver, and that no further consent of the guarantors is required for giving effect to any
such variation, alteration, modification or waiver.
6. The Lenders shall have full liberty, without notice to the Guarantors and without in any way affecting this
guarantee to exercise at any time and in any manner any power or powers reserved to the Lenders under the Loan
Agreement, to enforce or forbear to enforce payment of the Loans or any part thereof or interest or other moneys
due to the Lenders from the Borrower or any of the remedies or securities available to the Lenders, to enter into any
composition or compound with or to grant time or any other indulgence or facility to the Borrower AND the
Guarantors shall not be released by the exercise by the Lenders of their liberty in regard to the matters referred to
above or by any act or omission on the part of the Lenders or by any other matter or thing whatsoever which under
the Law relating to sureties would but for this provision have the effect of so releasing AND the guarantors hereby
waive in favor of the Lenders so far as may be necessary to give effect to any of the provisions of this Guarantee, all
the suretyship and other rights which the Guarantors might otherwise be entitled to enforce. Under the provisions of
the guarantee or under the Indian contract Act or any other enactment.
7. The Guarantors hereby agree and give consent to the sale, mortgage on prior, pari-passu or second charge basis,
release, etc., of any of the assets by the Borrower from time to time as may be approved by the Lenders or the
transfer of any of the assets of the Borrower from one unit to the other or to the release or lease out by the Lenders
any or whole of the assets charged to the Lenders on such terms and conditions as the Lenders may deem fit and this
may be treated as a standing and continuing consent for each and every individual act of transfer, mortgage, release
or lease of any of such assets would be necessary in future.
8. The guarantor hereby agrees and declares that the obligations of the guarantor under this Agreement to the
Lenders shall have precedence or shall rank pari- passu with the charges created / to be created by the guarantors on
their assets in favour of financial institutions and Banks in the event of the guarantor being declared insolvent or the
guarantor is wound up or in the event of the said charge holders enforcing their security during the continuance of
this guarantee.

The guarantor hereby agree and declare that the Borrower will be free to avail of further loans or other facilities
from the Lenders or any other financial institution or bank in addition to the Loans and/or to secure the same during
the subsistence of this guarantee and that in that event the guarantee herein contained will not be affected or vitiated
in anyway whatsoever but will remain in full force and effect and binding on the Guarantors.
9. The rights of the Lenders against the guarantors shall remain in full force and effect notwithstanding any
arrangement which may be reached between the Lenders and the other Guarantor/s, if any, or notwithstanding the
release of that other or other from liability and notwithstanding that any time hereafter the other Guarantor/s may
cease for any reason whatsoever to be liable to the Lenders, the Lenders shall be at liberty to require the
performance by the Guarantors of their obligations hereunder to the same extent in all respects as if the Guarantors
had at all times been solely liable to perform the said obligations.
10 The guarantors hereby declare and agree that they have not received and shall not, without the prior consent in to
writing of the Lenders receive any security or commission from the Borrower for giving this guarantee so long as
any monies due and payable by the Borrower to the Lenders under the Loan agreement, are not paid and liquidated
in full.
11. The Guarantors shall not in the event of the liquidation of the borrower prove in competition with the Lenders in
liquidation proceedings.
12 . A certificate in writing signed by a duly authorised official of the Lenders shall be conclusive evidence against
the Guarantors of the amount for the time being due to the Lenders from the Borrower in any action or proceeding
brought on this Guarantee against the Guarantors.
13. This Guarantee shall not be wholly or partially satisfied or exhausted by any payments made to or settled with
the Lenders by the Borrower and shall be valid and binding on the Guarantors and operative until repayment in full
of all moneys due to the Lenders under the Loan Agreement.
14. This Guarantee shall be irrevocable and the obligations of the Guarantors hereunder shall not be conditional on
the receipt of any prior notice by the Guarantors or by the Borrowers and the demand or notice by the Lenders as
provided in Clause 19 hereof shall be sufficient notice to or demand on the Guarantors.
15. The liability of the Guarantor under this Guarantee shall not be affected by 1. Any change in the constitution or winding up of the Borrower or any absorption, merger or amalgamation of the
Borrower with any other Company, corporation or concern; or
2. Any change in the management of the Borrower or take over of the management of the Borrower by Central or
State Government or by any other authority; or
3. Acquisition or nationalisation of the Borrower and/or of any of its undertaking(s) pursuant to any Law; or
4. any change in the constitution of the Lenders; or
5. Any change in the set up of the guarantors which may be by way of change in constitution, winding up, voluntary
or otherwise, absorption, merger or amalgamation or otherwise;
6. The absence or deficiency of powers on the part of the Guarantor to give guarantees and/or indemnities or any
irregularity in the exercise of such powers.
16. The Lenders may enforce the guarantee contained herein and any other security created by the Borrower in
favour of the Lenders simultaneously. In the event of the Lenders obtaining a decree against both the Borrower and
Guarantor in respect of any other security provided by it to the Lenders and also against the Guarantors, the Lenders
shall not be bound to first take steps for execution/enforcement of the decree against the assets of the Borrowers and
the Lenders shall be entitled to proceed against the Guarantors for execution/enforcement of the decree obtained
against the guarantors as the liability of the guarantors is coextensive with that of the Borrowers and as between the
Lenders and the guarantors, the guarantors have agreed to be the Principal Borrowers.
17. This Guarantee shall be a continuing one and shall remain in full force and effect till such time Borrower repays
in full the loans together with all interest, liquidated damages, commitment charges, premia on prepayment or on
redemption, cost, expenses and other monies that may from time to time become due and payable and remain unpaid
to the Lenders under the Loan Agreement.
18. The liability of the Guarantors hereunder shall not exceed the sum of Rs. _________ lacs, plus all interest,
Liquidated damages, commitment charges, premia on prepayment or on redemption, cost, expenses and other
monies payable by the Borrower to the Lenders under the Loan Agreement.
19. Any demand for payment or notice under this Guarantee shall be sufficiently given if sent by post to or left at the
last known address of the guarantors or their successors or assigns, as the case may be, such demand or notice is to
be made or given, and shall be assumed to have reached the addressee in the course of post, if given by post, and no
period of limitation shall commence to run in favour of the Guarantors until after demand for payment in writing
shall have been made or given as aforesaid and in proving such notice when sent by post it shall be sufficiently
proved that the envelope containing the notice was posted and a certificate by any of the responsible officers of the

Lender that to the best of his knowledge and belief, the envelope containing the said notice was so posted shall be
conclusive as against the Guarantors, even though it was returned unserved on account of refusal of the Guarantor(s)
or otherwise.
20. The Guarantor hereby confirms that it has necessary power and authority under its Memorandum and Articles of
Association to give this guarantee, and the guarantor has been authorised by its Board to execute this guarantee
under its common seal in favour of the Lenders for securing the liabilities of the Borrower as herein above
mentioned.
IN WITNESS WHEREOF the Guarantors have caused their Common Seal to be affixed to these presents on the day
and year first herein above written.

The common seal of_____________________

_____________________________________
Ltd. has, pursuant to the Resolution of its Board
of Directors passed in that behalf on the
______________ day of _______________,
hereunto affixed in the presence of
Shri ____________________________ and
Shri ____________________________ Directors
who have signed these presents in token thereof
and Shri ________________ Secretary/
authorised person who has countersigned the same
in token thereof.

LDOC 34 (34)
COUNTER INDEMNITY FOR GUARANTEES
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX,
____________________ branch

Place : _________________
Date : __________________

Dear Sirs,
In consideration of BANK NAME XXXXX agreeing at my / our request to execute and executing a guarantee
favouring _______________________________________________________

_______________________________________________________________________________I/We,
_____________________________________________________________________________________________
_________________________________________________________________________do hereby agree and
undertake to indemnify and keep indemnified BANK NAME XXXXX, of from and against all actions, losses, costs,
consequences, charges, expenses, claims and demands which BANK NAME XXXXX may incur or sustain by
reason or on account of its agreeing as above or howsoever in the premises.
I/We hereby agree to pay interest at the rate of _______ %, over the Prime Lending Rate of the Bank per annum
with monthly/quarterly/half-yearly/yearly rests on overdue/outstanding amount. I/We also agree to pay an additional
interest at the rate of __________ % p.a. with monthly/quarterly/half-yearly/yearly rest over and above the aforesaid
rate of interest on outstanding amount (i.e. amount inclusive of interest) beyond _________ months till entire
amount is actually paid.
If for any reason, the Bank is prevented by any action initiated by me/us from making payment to the beneficiary, of
the guaranteed amount, I/We will also be liable to pay the Bank, apart from other amounts payable to the Bank,
guarantee commission for the period for which I/We delay, by such action, the payment or discharge of the
guarantee.

This counter indemnity will extend to any extension of the guarantee referred to herein for which I/We may apply
from time to time and which the Bank may agree to grant at my/our request subject to the Bank's absolute right and
discretion whether to extend the guarantee or not and without casting any obligation on the Bank for extending the
said guarantee.
Yours faithfully,

LDOC 34(A) Counter - Guarantee & Indemnity 34(A)

(to be executed by our Bank) (WHEREVER FACILITIES ARE TAKEN OVER FROM ANOTHER BANK)
/STAMP AS ON AGREEMENT/
To,
______________________________

______________________________
Dear Sirs,
You have at the request of ____________________, a body incorporated under the Companies Act, 1956 and
having its registered office at ____________________________________ _________________ (hereinafter
referred to as 'the said Company') signed on behalf of the said Company guarantee in favour of various
authorities/various other persons/companies/corporations/ bodies corporate/foreign companies or bodies. The
guarantees so issued by you which are still valid and outstanding are set out in the schedule hereto attached and are
hereinafter referred to as "such guarantees" which expression shall, unless repugnant to the context and meaning
thereof, be deemed to include any renewals or extensions or modifications of all or any of such guarantees.
2. The said Company is/was enjoying various other borrowing and non-borrowing facilities with you and charge
was created on current as well as fixed assets of the said Company in your favour as security for the due repayment
of the out standings under the said borrowing and non-borrowing facilities, by the said company. You have at the
request of the said company and at our request agreed to release the charge created in your favour by the company
on the said current assets as well as fixed assets provided we, BANK NAME XXXXX make the payment of all the
outstanding dues of the said Company including principal, interest, cost, charges and expenses and other moneys
due under the various facilities (both borrowing and non-borrowing) granted by you as also on our indemnifying
you and keeping you indemnified against the liabilities undertaken by you under such guarantees.
3. Now in consideration of the premises we, so as to bind ourselves and our successors and assigns, agree with you
and your successors and assigns as follows :
I) To indemnify you and keep you fully indemnified and saved, defended and harmless in respect of and against
each and every payment made, obligation, liability, loss or damage undertaken or incurred or suffered by you
(whether directly or indirectly) under or in connection with all or any of such guarantees :
ii) To pay to you at _____________ on demand by you of such sum or sums of money as you may pay under or in
connection with all or any of such guarantees with interest thereon at the rate of _____% p.a. or at such other rate or
rates of interest as may be notified by you to the said company or to us from time to time, from the date on which
you pay until the repayment by us. If any payment is made by you under or in connection with any of such
guarantee in foreign currency then we shall repay you in foreign currency or its equivalent in Indian currency at the
date of making such payment by you;
iii) That except in the event of your being restrained by an order or injunction of a competent Court from doing so
you shall be entitled to at your discretion and without any reference to us or to the said company or obtaining our
consent or consent of the said Company, to make payment of all or any part of the sum or sum guaranteed by you
under or by virtue of all or any of such guarantees on a request or demand being made on you for this purpose
thereunder. Any request or demand made to or upon you by the beneficiary or beneficiaries of all or any of such
guarantees for payment/s of any sum of sums of money shall be sufficient authority from us to you for making such
payments.
iv) Notwithstanding the possibility, existence or pendency or continuance of any disputes or differences or of any
arbitration proceedings or of any suit or other legal proceedings whatsoever between the said Company and the
beneficiary or beneficiaries of all or any of such guarantees and/or between us inter-se which may directly or
indirectly arise out of or under or in connection with the subject matter/s of all or any of such guarantees or which
may affect the legality or validity of allow any of such guarantees and/or of any transaction/s directly or indirectly
connected with or relating to or arising out of the subject matter/s of all or any of such guarantees, the
reasonableness or propriety or validity of any such payment/s made by you to such beneficiary or beneficiaries shall
not be questioned by us or any of us on any ground whatsoever and such payment shall be conclusive and binding
on us and each of us so far as it concerns our liability to you hereunder;
v) To pay to you at _______________ on demand all costs, charges, and expenses (the legal costs being between
Advocate and client), paid or incurred by you in any wise concerning all or any of such guarantees and your
obligations and liability thereunder and concerning this counter guarantee and indemnity and your rights
hereunder ;
vi) This Agreement of Counter guarantees and Indemnity shall be irrevocable and shall be binding on us and also on
our successors and assigns;
vii) The Counter Guarantee and Indemnity herein contained shall not be affected by any change in the constitution
of the said Company, your Bank or change in the constitution of our Bank. We shall not be released from our
liability hereunder by reason of any acts or omissions or forbearance by you which under the laws relating to the
sureties would but for this provision have released us from our liability there under :

viii) This Counter Guarantee and Indemnity shall continue to remain in full force and effect until you are fully
discharged from your liability under each of such guarantees and until we have in turn discharged our
responsibility/liability to you hereunder.
Yours faithfully,
FOR BANK NAME XXXXX
CHIEF MANAGER/SR. Br.
Manager/Br. Manager

LDOC 35 (35)
HYPOTHECATION AGREEMENT FOR AGRICULTURAL MACHINERY
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place : _________________
_________________ branch Date : __________________
AN AGREEMENT made this ____________________________________________ day of __________________
BETWEEN _____________________________________________ ( hereinafter called "the Borrower") of the one
part and BANK NAME XXXXX , incorporated in Baroda, and having a place of business amongst other places in
________________ ___________ (hereinafter called "the Bank" of the other part). WHEREAS the Borrower has
applied to the Bank to open a Cash Credit Account/Loan Account with the Borrower in the Books of the Bank at
____________________________ and the Bank has agreed to do so upon being secured by a single/joint and
several Demand Promissory Note signed by the Borrower
_________________________________________________________
______________________________________________________________ and upon being further secured by
tractor, power tiller, bulldozers, trucks, etc. of the borrower including all stocks and spare parts, both present and
future, belonging to the borrower being and lying in the borrower's premises or godowns of or rented by the
borrower or otherwise used in connection with the business of the borrower.
NOW IT IS HEREBY AGREED as follows :
1. This Agreement shall operate as a security to the Bank in addition to any other security already held by the Bank
for the repayment to the Bank at ________ _____________________________ on demand of the balance due to the
Bank by the Borrower at any time or ultimately on closing of the said Cash Credit/Loan Account upto the sum of
Rupees ________________________________
_____________________________________________________________ (Rs.
___________________________________). The expression "the balance due to the Bank" in this and the
subsequent clauses of this Agreement shall be taken to include the Principal moneys from time to time due on the
said Account whether demanded or not and also all interest calculated in a manner and at the rate hereinafter
mentioned and the amount of all costs between attorney and client, charges and expenses of the Bank which the
Bank may have paid or incurred in any way in connection with the hypothecated premises described in Clause 2
hereof including the sale or disposal thereof and any other sum that is hereunder declared to be debit able to the
account.

2. The Borrower hereby hypothecates and charges to the Bank tractor, power tiller, bulldozer, trucks, etc. of the
borrower including all stocks and spare parts both present and future belonging to the borrower being and lying in
the company's premises or godowns of or rented by the borrower or otherwise used in connection with the business
of the borrower (but excluding claims for such as claims on Life Insurance Policies, Goodwill, Outstanding, Debts,
Claims for arrears of Rent, Benefit of executory contracts and share in partnership) as security for the payment to the
Bank on demand of the balance due to the Bank by the borrower on the Cash Credit/Loan Account. All such
moveable machinery of the borrower including all stocks and spare parts, both present and future belonging to the
borrower being and lying in the borrower's premises or godowns of or rented by the borrower or otherwise used in
connection with the business of the borrower are hereinafter referred to as "the hypothecated premises". 3. It is
distinctly understood that all advances made under their above Cash Credit/Loan account and the balance due to the
Bank shall be repayable to the Bank on demand.
4. Interest at the rate of ____________________ % over Prime Lending Rate of the Bank per annum plus interest
tax with monthly/quarterly/half yearly/yearly rests or at such rate or rates as the Bank may specify to the Borrower
in writing in accordance with the Bank's prime lending rate and the Borrower's credit rating with the Bank from time
to time shall be calculated on the amount due under the said account. It is agreed that all interest calculated as above
shall accrue due from day to day and shall be debited to the account at the end of each and every month or on the
31st March, 30th June, 30th September and on the 31st December in each year and thenceBRANCH h carry interest
at the like rate and that in the event of the Bank making demand for payment on any date not being the date of
expiration of any such half-year/quarter the Bank shall be at liberty to debit in the account all interest down to the
date of demand and to include the same in the demand for payment and that the total amount demanded shall
continue to carry interest as aforesaid until payment with monthly/quarterly/half yearly/yearly rests. And that the
Borrower shall at all times accept the Bank's figures as correct (manifest errors excepted) in or out of court."
5. The Borrower agrees that the balance due to the Bank on the said Account at any time shall be payable on demand
to the Bank at ________________ Office of the Bank together with all further interest calculated as above provided
at the rate above mentioned together with the amount of all further charges and expenses (if any) to the date of
payment PROVIDED that nothing in this clause shall be deemed to prevent the Bank from demanding payment of
the interest for the time being due or other amounts hereby made debit able to the said account without at the same
time demanding payment of the balance due to the Bank exclusive of such interest or other amounts.
6. The Borrower shall from time to time on demand by the Bank in writing at any time furnish to the Bank a full and
correct written statement with such particulars as the Bank may require of the hypothecated premises together with
market value, or (where the market value exceeds normal value) the normal value thereof and produce such
evidence in support thereof as the Bank may from time to time require. The Borrower shall also without demand
render into the Bank weekly and on the first day of each calendar month a similar written statement.
7. The Borrower shall on demand in writing by the Bank BRANCH hwith deliver to the Bank an account of such
part of the hypothecated premises as shall be in course of transit to __________________________ or elsewhere
and shall on demand by the Bank deliver the Railway Receipts or other documents of title in respect thereof duly
endorsed to the Bank or as the Bank shall direct.
8. The Borrower shall not remove or dismantle any of the moveable machinery including all stores and parts thereof
or other hypothecated premises now in use in the borrower's premises without the consent in writing of the Bank
except in any case where such removal or dismantling shall in the opinion of the Borrower be rendered necessary by
reason of the same being worn out, injured, damaged or broken by others of a similar nature and of atleast equal
value, and shall also whenever necessary renew or replace all such plant, machinery or other hypothecated premises
with others of a like nature and value as now used or henceBRANCH h to be used for the purpose of or in
connection with the business of the Borrower when and as the same shall be worn out, injured, damaged or broken.
9. The Borrower shall keep the machinery and other hypothecated premises in a good state of repair and in perfect
working order and condition and further that all such moveable machinery including all stores and parts thereof and
other hypothecated premises at present or for the time being not in use will be properly coated with rust proof
preservatives and oiled, packed or encased and stored or housed in proper rain and weather proof premises.
10. This Agreement is made on the faith (a) of the declaration which the Borrower hereby makes that the
hypothecated premises now and from time to time hereafter comprised in the security hereby created are and will at
all times be the absolute property of the Borrower (except for and subject to the security hereby created ) and free
from other trust, pledge, lien, claim or encumbrance and (b) on the undertaking hereby given by the Borrower, that
the borrower will not create a further mortgage or lien or any charge upon the hypothecated premises during the
currency of the said Cash Credit/Loan Account.
11. If the Borrower shall fail to carry out and perform any of his obligations under these presents or in the event of
any damage occurring to the hypothecated premises from any cause whatsoever of if any event shall happen or is

believed by the Bank to have happened so as in the opinion of the Bank to impair the security hereby created or the
credit of the borrower or if the Bank shall be of opinion that the security hereby created is otherwise imperiled (as to
all or any of which matters the opinion of the Bank shall be conclusive) it shall be lawful for the Bank, its Agents
and Nominees with a view to obtaining possession for and on behalf of the Bank at all times and without assigning
any reason and without any previous notice to the Borrower but at the Borrower's risk and expense and if so required
as Attorney for and in the name of the Borrower (but not so as to alter the character of the possession which shall be
the possession of the Bank) to enter any place where the hypothecated premises or any of them may be and take
charge and or possession of all or any part of the hypothecated premises and the Borrower shall afford every facility
for placing and shall place the hypothecated premises and every part thereof as the Bank may require in the
exclusive possession of and the exclusive control of the Bank and in such manner that such possession and control
shall be apparent and indisputable.
12. The Bank shall not be in any way liable or responsible for any loss, damage or depreciation which the
hypothecated premises may suffer or sustain on any account whatsoever while the same are in possession of the
Bank during the continuance of this agreement or thereafter and all such damage or depreciation shall be wholly on
account to the Borrower howsoever the same have been caused nor shall the Bank be responsible for any shortage,
resulting from theft or pilferage or otherwise howsoever notwithstanding that the hypothecated premises may be in
the possession of or under the control of the Bank.
13. It shall be lawful for the Bank at any time after taking possession of the hypothecated premises without
assigning any reason after 48 hours' notice to the Borrower demanding payment (which the Borrower hereby agrees
to be reasonable notice) or at any time or times thereafter (without prejudice to the Bank's right of suit or any other
right against the Borrower) to recover, receive, appoint Receivers or remove and /or sell either by public auction or
private contract subject to such conditions as the Bank shall think fit or otherwise dispose of or deal with at any time
or times the hypothecated premises or any part or any parts thereof and to enforce, realize, settle compromise and to
deal with any rights or claims regarding any of the hypothecated premises without being bound to exercise any of
these powers or liable for any losses in the exercise or non - exercise thereof and notwithstanding there may be any
pending suit or other proceeding the Borrower undertakes to transfer and deliver to the Bank all relative contracts,
securities, and documents. The Borrower hereby agrees that the Bank shall be entitled to admit, reject, refer to
arbitration or compromise without consulting the Borrower any claims by any other person to the hypothecated
premises or any part thereof and that any loss, damage and costs or expenses that may arise or be caused by such
decision shall be at the risk and on the account of the Borrower.
14. The Bank shall apply the net proceeds of sale of the premises in satisfaction so far as the same shall extend of
the balance due to the Bank or so much thereof as shall remain unpaid including interest at the rate aforesaid until
payment and including all costs as between Attorney and client, charges and expenses incurred by the Bank or any
account whatsoever including sales tax. If the net sum realised by such sale be insufficient to cover the balance due
to the Bank the Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be
prepared and signed as provided in Clause 16 hereof (which shall be conclusive) to pay the balance appearing due to
the Bank. Without prejudice to such obligation of the Borrower the Bank shall be entitled (but shall not be bound) to
apply any other money or moneys in the hands of the Bank standing to the credit of or belonging to the Borrower (or
if there be more than one Borrower or if there be more than one partner in the Borrower firm then to credit of or
belonging to any one or more of such persons) or any money which the Borrower (or which any one or more of
them as the case may be ) may then or at any time thereafter be entailed to draw from the Bank under any loan, cash
credit, overdraft or other arrangement or goods the property of the Borrower (or any one or more of them as the case
may be) stored in the Bank's premises or Godown in or towards payment of the balance for the time being due to the
Bank, and in the event of such money or moneys being insufficient for the discharge in full of such balance, the
Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be prepared and signed as
in Clause 16 hereinafter provided (which shall be conclusive) to pay any balance which may appear to be due by the
Borrower thereon PROVIDED ALWAYS that nothing herein contained shall be deemed to negative, qualify or
otherwise prejudicially affect the right of the Bank (which it is hereby expressly agreed the Bank shall have) to
recover from the Borrower the balance for the time being remaining due from the borrower to the Bank upon the
said Cash Credit/Loan Account notwithstanding that all or any of the hypothecated premises may not have been
realised.
15. In the event of there being a surplus available of the net proceeds of such sale after payment in full of the
balance due to the Bank it shall be lawful for the Bank to retain and apply the said surplus together with any other
money or moneys belonging to the Borrower for the time being in the hands of the Bank in or under whatever
accounts as far as the same shall extend against in or towards payment or liquidation of any and all other moneys
which shall be or may become due from the Borrower whether solely or jointly with any person or persons, firm or

company to the Bank by way of loans, discounted bills, letters of credit, guarantees, charges or of any other debits or
liability including bills, notes, credits and other obligations current though not then due or payable or other demands
legal or equitable which the Bank may have against the Borrower or which the law of set - off or mutual credit
would in any case admit and whether the Borrower shall become or be adjudicated bankrupt or insolvent or be in
liquidation or otherwise with interest thereon from the date on which any and all advances in respect thereof shall
have been made at the rate or respective rates at which the same shall have been so advanced.
16. The Borrower agrees to accept without question in and out of Court as conclusive proof of the amount realized
by any such sale as aforesaid and of any sum claimed to be due from Borrower and to the Bank under the agreement
and of the costs and expenses incurred in connection therewith a statement of account made out from the papers and
or books of the Bank and signed by the Manager or the Agent or the Accountant or other duly authorised officer of
the Bank without the production of any other voucher, document or paper.
17. This agreement and the securities herein referred to shall be the security for the payment by the Borrower of the
Balance due to the Bank from time to time and also of the ultimate balance with interest thereon to become payable
on the said Cash Credit/Loan Account.
18. This agreement is not to prejudice the rights or remedies of the Bank against the Borrower irrespective and
independent of this agreement in respect of any other advances made or to be made by the Bank to the Borrower.
19. Any notice in writing required to be served hereunder shall be sufficiently served if addressed to the Borrower at
his address registered at the last known place of residence or business and left at such address or place or forwarded
to him by post at the address or place aforesaid. A notice sent by post shall be deemed to be given at the time when
in due course of post it would be delivered at the address to which it is sent, and in proving such notice when given
by post it shall be sufficient to prove that the envelope containing the notice was posted and a certificate signed by
the Bank's Local Manager or Agent or Accountant or other authorised Officer that the envelope was so posted shall
be conclusive. If for any reason the Borrower cannot be given any such notice the same inserted once in an
advertisement in a newspaper circulating in the District of the Bank's Office shall be deemed to have been
effectually given and received on the day on which such advertisement appears.
20. If the Borrower be more than one individual all shall be bound hereby jointly and severally and if the Borrower
shall be a firm, such firm and all members from time to time thereof and all retiring members shall be bound hereby
notwithstanding any change in the constitution or style thereof and whether the firm shall consist of or be reduced to
one individual. No changes whatever that may take place in the constitution of the Borrower or Bank (whether by
amalgamation or otherwise) shall impair or discharge the liability of the Borrower hereunder. The Borrower (if a
firm) shall not however make any change in the firm without previous reference to the Bank.
21. The Borrower hereby agrees on demand by the Bank in that behalf to execute such documents in favour of the
Bank as may be necessary or admissible to hypothecate or further assure the hypothecated premises in favour of the
Bank.
22. The Borrower also agrees that notwithstanding anything herein before contained, the Bank shall not be bound to
allow or continue the Cash Credit/Loan Account to any extent or for any time than the Bank shall in its absolute
discretion see fit to do.
In WITNESS WHEREOF the Borrower has executed these presents the day and year above-written.
LDOC 37 (37)
Letter of undertaking with negative lien clause
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place : _________________
_________________ branch Date : __________________
Dear Sirs,
Re : Clean demand loan facility of Rs. _______________________________________
In consideration of your having agreed to grant me/us a _____________ facility upto a limit of Rs.
_________________ inter alia against a Demand Pronote for the like amount and on the faith of undertaking as
appearing hereunder.
I/We, Mr./M/s. _________________________________________________ place on record the fact that there is no
mortgage or lien of any kind whatsoever created on my/our properties and that I/we undertake not to create any
mortgage or lien of whatsoever kind or nature over the same nor to sell or alienate, transfer, assign or deal with or
dispose of any of my/our immovable properties or assets of a capital nature until all the debts due by me/us to you
are fully paid.
I/We understand that it is on the faith of this representation and undertaking that the Bank has agreed to grant me/us
aforesaid clean Demand Loan facility.
Yours faithfully,

LDOC 38 (38)
letter of sole-proprietorship
(Unstamped)
BANK NAME XXXXX, Place : _________________
_________________ branch Date : __________________
Dear Sirs,
I, the undersigned, beg to inform you that I am the sole - proprietor of the firm of
_______________________________________ and am solely responsible for liabilities thereof. I shall advise you
in writing of any change that may take place in the constitution of the firm and I will be liable to you on any
obligation which may be standing in the firm's name in your books on the date of the receipt of such notice and until
all such obligations shall have been liquidated.
Yours faithfully,
(Personal Signature of the Proprietor)
Full name of the sole - proprietor - ________________________
LDOC 39 39)
Letter of partnership
(Unstamped)
BANK NAME XXXXX, Place : _________________
_________________ branch Date : __________________
Gentlemen,
We beg to inform you that the parties whose full names and addresses are set out in the 1st column at foot of this
letter are carrying on business under the name and style of
______________________________________________________________________________
The said firm is desirous of having dealings in the name of the firm with your
____________________________________ branch.
It is understood that in the event of the bank acceding to such desire then this present form of request will, if not
already completed, be duly completed by all the partners and that the provisions hereinafter contained are to bind the
firm and each of the partners and his personal representatives.
The provisions are as follows :We hereby declare that we are the only partners of the said firm.
In the event of any change occurring in the said firm by the introduction of any new partner or the retirement, death,
expulsion or insolvency of any partner or the dissolution of the firm, notice shall BRANCH hwith be given in
writing to the Bank's _________________________ branch.
Pending receipt of such notice in writing as aforesaid of any retirement, death or expulsion the Bank shall be entitled
to treat the partner affected by such retirement or expulsion or, in the event of death, his estate, as if or his
representatives as the case may be is still a partner, to the intent that such partner or his estate shall be liable jointly
and severally with the other partners for all indebtedness or obligation of the firm incurred after such retirement,
expulsion or death down to the date of receipt of the notice aforesaid in addition to any liability which he may have
incurred as partner to the Bank prior to such retirement, death or expulsion or insolvency notwithstanding that but
for this present provision such partner or his estate might not be liable after such retirement, expulsion or death by
reason of any statutory provision.
Specimen signatures in the firm's name and the respective partner's personal signatures are appended in the second
and third columns hereunder.
We and each of us confirm that:
1) All the undersigned partners jointly and the survivors of them jointly and the survivor.
2) The undersigned ______________________________________________________
_____________________________________________________________________________________________
_________________________________________________________________________ jointly or any of them
jointly.
3) Each of undersigned _______________________________________________________
___________________________________________________________________________________singly and
severally, is/are authorised.
A. To Borrow for and on behalf of the firm from time to time all sums, moneys from your Bank and as security for
such borrowing to pledge, hypothecate, charge or mortgage such of the goods, and properties moveable and
immovable of the firm and to give such other securities as may be demanded by the Bank from time to time.

B. To sign promissory notes, documents of guarantee or indemnity and all other documents required by Bank in
connection with such borrowing, and
C. To sign the Firm's name for the Firm to any cheque, promissory note or other document relating to any operation
on the account of the firm (including any operation which involves an advance to the Firm) and that the Bank is
entitled to act upon the faith of any check, promissory note or the other documents so signed in the firm's name over
such joint or several signature or signatures, as the case may be, according as is herein above authorized., In the
event of any new partner being introduced upon the Bank being duly notified and consenting to continue the account
and new partner having signed this or any new form or request required by the Bank then for the purpose of
operation on the account, such new partner will be treated as a partner and shall be authorized to sign for the firm
unless the Bank be expressly advised to the contrary and by his signature to this or any such new request such
partner will be understood to have accepted and be bound by the foregoing undertakings.
Without prejudice to what is stated above, we hereby agree that notwithstanding anything contained in any
agreement of partnership any borrowings made by any of the partners on behalf of the firm under a cash credit or
overdraft or any other facility pursuant to the letter of the partnership given to you, and all securities by way of
pledge, hypothecation, charge or mortgage of goods, and /or properties, moveable and immovable, given therefor
shall be deemed to have been so made and given for the purposes of the firm under the express authority of partners
of the firm conferred by all and each of them upon the others or other of them individually and all liabilities
created/acknowledged by any of the partners on behalf of the firm shall be binding upon the firm and all the partners
thereof. in their respective capacity as partner and in their respective individual capacities.
It is understood that the above provision shall stand in full force notwithstanding that any current, loan or overdraft
account of the firm may be balanced, closed or reopened at any time or from time to time.
Yours faithfully,
(Personal signatures of the Partners)

LDOC 39(A) LETTER OF AUTHORITY 39(A)

(IN PARTNERSHIP ACCOUNTS)
branch ( UNSTAMPED )
BANK NAME XXXXX,
10/12, o Street,
_________________ branch
Dear Sirs,
Re : Our Cash Credit/Overdraft A/c./other A/cs.
Upto a limit of Rs. ________________
Owing to the change in the constitution of our firm, M/s. __________________,consequent upon the retirement/sad
demise/ of_________________________________________________ ___________our
partners,Mr./M/s.______________________________________________________________________
We,_____________________________________________________________________________the existing
partners of the said firm have to request you to close our existing account and open a new account in the same name
with M/s. _________________________________________ as partners of the reconstituted firm.
Kindly transfer the existing facility to the new account. Kindly also transfer the balance in the existing account to
the new account and securities held in the existing account may be transferred to the new account. Also note that the
cheques drawn on the existing account and not yet presented for collection may be debited to the new account.
Likewise, cheques lodged in the existing account and not yet realised may be credited to the new account..
Yours faithfully,
We agree, (Personal signatures of the existing partners)
(Personal signatures of the New Partners).
LDOC 40 40)
Letter of request
(where H.U.F is a partner in Partnership firm.)

(Unstamped)
BANK NAME XXXXX, Place : _________________
_________________ branch Date : __________________
Dear Sir,
I hereby declare that I am the Karta and Manager of the Joint Hindu Family of
___________________________________________________ (composed of myself and my brothers/sons) and that
all dealings and transactions entered into by me are being entered into by me as Karta and Manager of the Joint
Hindu Family composed of the persons mentioned below and that I have the authority and consent from all the other
members mentioned below to enter into partnership on behalf of the H.U.F. with M/s.
___________________________
__________________________________________________________________________
___________________________________________________ and that although I am fully entitled as such to enter
into the said partnership as the profits of the said firm accruing to me as Karta and Manager of the H.U.F. will go for
the benefit of the Joint H.U.F I have for your satisfaction got this letter duly signed by other adult members of the
family.
Yours faithfully,
(Karta & Manager)
Signatures of other adult members of the family.

LDOC 41 (41)
Letter Regarding clearing and storage of stocks
with approved clearing agents.
(Unstamped)
BANK NAME XXXXX, Place :
________________ Branch
Date :
Dear Sirs,
Re : Our Cash Credit Account with the Bank
With reference to my/ our above accounts against pledge of ________________________
_______________________ I/We beg to inform you that I/We have made arrangements with M/s.
___________________________________ (one of the Bank's approved Clearing Agents) for clearing/storing the
goods pledged by me/us to the Bank at my/our own choice, risk and responsibility.
Please note that I/We have settled the terms of charges for the clearing and storing of the goods with the said
Clearing Agents, and I/We undertake to defray all their charges.

Yours faithfully,
LDOC 42 (42)
Letter to be obtained from the Borrowers where
there is no independent access to the Godowns :
(unstamped)
BANK NAME XXXXX, Place :
_____________ Branch
Date :
Dear Sirs,

With reference to the Cash Credit/Loan account, I/We have on the pledge of our goods which are at present lying in
the Godown in premises No.__________ possession whereof have been made over to you and on which you have
put your lock, there is no direct or independent access to the Godown and access to the same can be had only
through a building or passage occupied by a third party.
Owing to the paucity of accommodation in the town and no other better Godown being available to you for storage
of the pledged goods, you have at my/our request agreed to keep and store the pledged goods in the said Godown.
In the premises the Bank will not be responsible in any way for any loss or damage to the goods stored there or that
may be stored there from time to time or any portion thereof howsoever arising and for any reason whatsoever
including theft, larceny, housebreaking, misappropriation, negligence or conspiracy by any person or persons
whomsoever including your employees and such loss, if any, should be borne by me/us in full. The Bank will have
no responsibility if access to the Godown is denied.
The amounts due to the Bank for the time being should immediately become payable on demand against release of
such Godown in whatsoever condition it may then be and there will be no obligation on the part of the Bank
whatsoever to deliver the goods lying on such Godown to me/us or to place them in our possession.
Yours faithfully,

LDOC 43 (43)
Letter regarding Third party
Godown with pledged / hypothecated stocks
(unstamped)
BANK NAME XXXXX, Place :
_____________ Branch
Date :
Dear Sirs,
Re : Goods stored in third party's Godown
With reference to the Cash Credit facility upto a limit of Rs. __________ granted by you to
M/s._____________________________________________inter alia against the pledge/hypothecation of stocks,
I/We, M/s.________________________________________ (Borrower) do hereby agree and undertake not to allow
any one other than the Bank's staff and/or borrower's representative to take possession of and deal with the said
goods at any time.

I/We also hereby undertake to allow you and/or your representative unrestricted possession of the goods under
pledge/hypothecation to you and access thereto at all times and to keep all other goods separately and distinctly
stored from other goods in our compound and/or godowns.
I/We hereby declare that I/We have no charge or lien whatsoever over such goods and that I/We shall not look to the
goods under pledge/hypothecation to you for payment of any dues by the above party to me/us.
Signature of the third party in
Whose godowns goods hypothecated
to the bank are stored.
LDOC 44 (44)
Letter of consent to be obtained from the borrower in whose
name the Godown stands in case different stocks belonging
to different borrowers are stored in one Godown.
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
As there is paucity of Godown accommodation in the town and no other better Godown is being available for
storage of the goods to be pledged to you by Shri/M/s.______________________you, at my/our request as well as
that of Shri/M/s.________________________________ have kindly agreed to permit him/them to store his/their
goods, viz. which they propose to pledge to you as security against his/their loan/cash-credit account in my/our
Godown bearing census number _______________ which is owned/rented by me/us and in which the goods
pledged or to be pledged by me/us to your are also stored/to be stored as security against my/our loan/cash creditfacility sanctioned by you.
In consideration of your having so agreed, I/We hereby give my/our unqualified consent to the storage facility
referred to above whether exclusively or along with my/our goods which are/may be pledged to you as security
against my/our loan/cash -credit account in the said Godown.
I/We hereby also declare that I/We will have no lien on the said goods belonging to Shri/M/s.
_________________________________ AND pledged to you as aforesaid for any charges by way of rent, taxes
municipal or otherwise etc. whatsoever or on account of loss or damage to my/our goods for whatsoever or on
account of loss or damage to my/our goods for whatsoever reason and that you will be free to deal with the said
goods in any manner you like in your absolute discretion.
I/We further declare that in the event of my/ours account being closed or liquidated and there being no goods held
by you on my/our account in the said Godown, I/we shall not demand the removal of the goods pledged to you by
Shri/M/s. ______________________ ___________________________ and lying in the said Godown and you will
be entitled to the use of the said Godown free of rent, taxes, etc. until such time as his/their account with you is
closed or liquidated. Until such time you will always have free access to the said Godown without any interruptions,
hindrances or objections on my/our part.
I/We also declare that I/We have no interest or title in the goods belonging to Shri/M/s.
___________________________________ pledged to you or that may be pledged to you hereafter from time to
time and that may be stored in the said Godown.
This letter is given with my/our full and free consent and in full knowledge of the aforesaid position.
Yours faithfully.
(Name/s of the person/s in
whose name/s Godown stands.)

LDOC 45 (45)

LETTER OF AUTHORITY
ADVANCES AGAINST UNITS OF UNIT TRUST OF INDIA
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
In consideration of your ____________________________ agreeing to grant me/us a loan of Rs.
___________________ (Rupees __________________________________ only) against the security of units Nos.
_______________________ I/We am/are the holder/holders and on the understanding that you will be given
necessary authority to collect the income becoming payable on the said units from time to time and adjust the same
towards the repayment of principal and payment of interest of the said loan, I/We the holder/holders of the said units
hereby authorise you to collect on my/our behalf the income becoming due and payable to me/us on the said units by
the Unit Trust of India and adjust the same towards the prepayment of principal and payment of interest of the said
loan) and pass necessary receipts to the Trust in full discharge of the said payments.
This authority in your favour shall not be revoked by me/us except with your prior approval in writing.
A copy of this letter is being endorsed to the Unit Trust of India for payment to you of the income on the units stated
above.
Yours faithfully,
1.
2.
3.
4.
Copy forwarded to the Unit Trust of India, _______________________________________
The income becoming due and payable from time to time on units Nos. ___________ held by me/us may hereafter
be paid until further instructions to the Manager, BANK NAME XXXXX, ______________Branch, whose receipts
shall be full discharge to the Trust for such payments.
1.
2.
3.
4.
LDOC 47 (47)
Letter of Authority to credit periodical interest
to the Loan account.
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Re:- My/Our loan against FDR No. _________ dt.____________
for Rs. ______________ Due on _______________ issued by your _______________ Office.

In consideration of the loan facility as above granted to me/us by you I/We authorise you to collect the amount of
interest accruing on the captioned fixed deposit receipt/s every _______________________ and credit the same to
my/our loan account with you.
Yours faithfully,

LDOC 48 48)
Letter of Appropriation - recurring deposits.
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
In consideration of the advances already made and of those which you may, at your discretion, make to me/us from
time to time, I/We hereby give you a lien on my/our Recurring Deposit Account No. _____________ with your
Bank for Rs. ___________________ (Rupees ________________________________________________________
) and I/We hand over to you Recurring Deposit Pass-book to be held by you on my/our account for the outstanding
balance of my/our loan with you with irrevocable power to appropriate the amount standing to the credit of my/our
said account with you without reference to me/us.
I/We further agree that in respect of advance granted or that may be granted to me/us by you from time to time you
shall be entitled to charge interest at the rate of ______________*per cent, or such other rate that may be fixed by
you from time to time more than the rate of interest that you would allow me/us, in my/our Recurring Deposit
Account, and additional penal interest if any at the rate of _______% per annum that may be fixed by you from time
to time
I/We hereby declare that I/We have not encumbered, assigned or otherwise dealt with the said Recurring Deposit
Account in any way and that it is free from all encumbrances.
Yours faithfully,
* This may vary from time to time as per Bank's instructions.
LDOC 49 Letter of lien to be addressed (49)
to the bank by the constituents. (Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Re : My/Our Savings Bank/Current A/c.
In consideration of your Bank granting me/us M/s._________________ an Overdraft/Loan facility upto a limit of
Rs. _______(Rupees ____________________________ I/We hereby agree to deposit and maintain in my/our
Savings Bank/Current Account a minimum balance of Rs. ________________ (Rupees
________________________________) as continuing security to cover the fluctuating balance in the said
Overdraft/Loan account together with interest and banking charges.
I/We also agree that the Bank shall be entitled to earmark in my/our above-mentioned Savings Bank/Current
Account a sum of Rs. ________________________ (Rupees ______________________) as security against the
fluctuating balance from time to time of the said loan/overdraft account and shall have a right to refuse payment of
any cheques that I/We might draw on my/our said Savings Bank/Current Account if by paying such cheque/s the
balance in my/our said Savings Bank/Current Account would go below the minimum balance to be maintained by
me/us in the said Savings Bank/Current Account, till your advance under the said Overdraft/Loan account is repaid.
I/We further agree that if I/We/M/s. _____________________ fail to pay the debit balance together with interest
additional /panel interest if any fixed by you from time to time and banking charges in the said overdraft/loan
account, your bank shall have to recover the same by debiting an amount upto Rs. ___________ ( In Words Rupees
________________________) so earmarked by you in my/our Savings Bank/Current Account. Yours faithfully,
LDOC 50 (50)
Letter of "Recording"
(To be obtained from parties who enjoy the facility
of "temporary clean overdraft")
(Unstamped)

BANK NAME XXXXX, Place :

_____________ Branch Date :
Dear Sirs,
Re : Our temporary overdraft with you
We confirm having requested you to allow temporary overdraft to M/s ______________ to the extent of Rs.
_________ (Rupees _________________________________________________) against joint and several demand
pronote signed by us today.
We further confirm that in the event the advance remaining outstanding for a longer period than
_________________ at a time. We, in view of our joint and several liability would be prepared to adjust the said
overdraft account immediately with interest and additional interest penal interest if any, fixed by you from time to
time.
We further confirm that this facility allowed to us as per our request is in your absolute discretion and may be
discontinued by you at any time without any previous intimation to us.
Yours faithfully,

LDOC 51 (51)
Letter of undertaking
(IN RESPECT OF Book-Debts)
/ STAMP AS ON AGREEMENT/
To
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Re : Various Credit Facilities availed by us aggregating to Rs. __________________
IN CONSIDERATION OF your having agreed at our request to grant / granting various credit facilities upto an
aggregate limit of Rs. _____________ inter alia against hypothecation of book debts and undertaking as herein after
appearing, We, M/s_____________________________ do hereby unconditionally and irrevocably agree, declare
and undertake :
a) That each of the debts is entered into proper books of accounts maintained by us in the ordinary course of
business;
b) That each of the debts arose out of bonafide transactions in the ordinary course of business;
c) That each of the debts is good and recoverable in full in the usual and ordinary course of business;
d) That the list of book debts does not include any debts which are doubtful of recovery or for recovery of which
where any decree of any court or dispute or cause of action pending against debtors;
e) That the amounts of the debts is the net balance i.e., balance after deducting all advances, discounts, commissions,
claims, setoff etc., due to us from the debtor;
f) That each of the debts is free from any lien, encumbrance, claim, assignments, charges, etc., except the charge
created in favour of the bank;
g) That the aggregate realisable value of the book debts listed in the ordinary course of business is at least equal to
the total amount at which they are stated in the statement.
h) We are aware and acknowledge that it is on the faith and strength of the declaration of ours and others similar
declarations made/to be made from time to time the said credit facilities have been granted and will be continued by
the bank;
i) In order to verify our statement of particulars of book debts, the bank is at liberty to inspect our books of accounts
and/or make extracts copies thereof at any time at our expense and we do hereby agree to accept as conclusive proof
the result of such inspection as certified by any officer of the bank;
j) We will not include the book debts of any Associate Concern in our statements of Book Debts submitted to you.
k) We shall submit audited statement of Book Debts duly certified by the company's auditors once in each quarter.

We understand that it is on the faith of this aforesaid representation / express undertaking that the bank has
sanctioned the said various credit facilities to us.
Yours faithfully,

LDOC 52 (52)
Letter of undertaking
(Advance against Government-Supply Bills)
/ STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
You are making advances to us against Bills in respect of the goods supplied to the Government before the payment
is actually received from the Government. We have issued an irrevocable Power of Attorney in your favour for
realisation of the said Bills. If, however, any payment by cheque or otherwise is received by us direct from the
Government Department in respect of any bill against which you have made us as an advance, we hereby undertake
that the said payment of the cheque will be held by us in trust on behalf of the Bank and shall be earmarked as
'Bank's Property'. We also undertake immediately on receipt of such cheque or payment, to hand over the same to
you.
Yours faithfully,

LDOC 53 (53)
Letter of attestation
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
I hereby declare that the signature/s left/right-hand-thumb impression of ___________
_____________________________________________________________________________________________
_______________________ placed on the following documents dated ____________ is/are that/those of
_________________________ and is/are placed in my presence in witness whereof I subscribe my name.
1. D.P. note for Rs. _________________
2. Instrument of pledge */ hypothecation of __________________
3. General form of guarantee signed by Shri _____________________________________
___________________________________________________________________ and
____________________________________________________________________,
4.
5.
6.

7.
The contents of the aforesaid documents are translated in vernacular and explained to the said
____________________________________________________________________________________________,
who understood and admits the same.
Yours faithfully,
*(Signature of the person in whose
presence the documents were executed)
LDOC 54 Letter of undertaking (54)
(Packing Credit Advances)
/ STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Re : Our clean/secured Packing Credit facility upto a limit of Rs._____________.
1. In consideration of your having agreed at our request to grant us an advance by way of Packing Credit facility
upto a limit of Rs.______________ (Rupees ____________________________________) inter alia against our
undertaking to liquidate each specific Packing Credit Advance within ___________________ days from the date of
its disbursement out of the proceeds of the duty-draw backs/cash-incentives/export-bills negotiated by us with the
Bank,
We, M/s. _______________________________ do hereby agree and undertake to liquidate each specific Packing
Credit Advance within _________________ days from the date of its disbursement out of proceeds of the duty-draw
backs/cash-incentives/export-bills negotiated by us with the Bank.
2. We hereby confirm that the rate of interest as stated in the security documents executed by us in your favour to
cover the said advance at _____________% per annum is a concessional rate of interest granted to us on our
agreeing to ship the goods within the stipulate time and liquidate the packing credit account from the export
proceeds, However, if we do not, or if we are not in a position to, liquidate our packing credit account from the
export proceeds, we confirm that you will be entitled to charge us your usual rate of interest, i.e. the rate of interest
as linked with the Bank's Prime Lending rate or such rate as you usually charge in case of cash-credit advances and
we shall not at any time object to your charging us your usual rate of interest.
3. We understand that it is on the faith of this undertaking that you have agreed to allow us the facility as aforesaid.
Yours faithfully,
LDOC 56 (56)
Letter of No Lien
(Packing credit advances)
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Re : Goods stored in third party's Godown.
With reference to the Packing Credit facility upto a limit of Rs. ____________ granted by you to
________________________________ inter alia against the hypothecation of all stocks received by us from the
said borrower for processing, we, M/s. _____________ _______________________________ do hereby agree and
undertake not to allow any one other than the Bank's Staff and/or company's/firms representative to take possession
of and deal with the said goods at any time.
We also hereby undertake to allow you and/or your representative unrestricted possession of the goods under
hypothecation to you and access thereto at all times and to keep all other goods separately and distinctly stored from
our goods in our compound and/or godowns.
We hereby declare that we have no charge or lien whatsoever over such goods and that we shall not look to the
goods under hypothecation to you for payment of any dues by the above party to us.

Yours faithfully,
(To be signed by the owner of the Godown)

LDOC 57 (57)
Letter of installment with acceleration clause
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Re : My/Our Demand Loan Account upto a limit of Rs.____________.
With reference to the above, I/We hereby agree and undertake to repay the sum in monthly/quarterly/half
yearly/yearly installments of Rs. ________________ each commencing from __________________.
I/We also agree that in the event of default in payment of any installments and/or interest, I/We shall pay an
additional interest at the rate of ______________ % per annum on the amount of installment and/or interest in
default for the period from the due date of installment and/or interest to the date on which installment and/or interest
is actually paid.
I/We, however, understand and agree that the Bank is entitled to recall the entire loan at my time at its pleasure and
without assigning any reason.
Yours faithfully,

LDOC 58 58)
Letter of restrictive operation in accounts
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
In consideration of your Bank, at our request, agreeing to restrict the operation of our cash credit/current account to
only _________________________________ partners of our firm, Viz,
(number)
__________________________________________________________________
(names of operating partners)
We,M/s.____________________________________________________________________________
(name of firm, and names of all partners)
___________________________________________________________________________________
Hereby jointly and severally agree and undertake to indemnify and keep indemnified BANK NAME XXXXX of,
from and against all losses, costs, damages, expenses claims, actions and demands which the Bank may incur or
sustain by reason or on account of your agreeing as above or howsoever in the premises and we hereby declare that
all of us are jointly and severally liable for the balance therein and that we undertake and agree not to hold the Bank
liable in the event of the Bank accepting a cheque drawn on the partnership account by a partner not entitled to
operate the account. Further,We,_________________________________________________________________
(names of nonoperating partners)

the partner who are not authorised to operate on the firm's account as stated above, hereby expressly waive our
rights, as partners of operating upon the firm's account and agree and undertake not to do so nor to insist on
exercising our rights as partners for the purpose of operating on the above partnership account as aforesaid.
Firm's signature Personal signatures of
all the partners
Partners
LDOC 59 (59)
Letter of acknowledgment of debt
(For Healthy / running ACCOUNTS)
BANK NAME XXXXX
To, Place :
_____________________________ Date :
______________________________
______________________________
Dear Sir/s,
Re : Your Loan/Cash Credit/Overdraft/_______________ Account
We beg to inform you that the balance of your __________________________ account on _______________was
debit Rs. ______________ (Rupees _____________________ ).
This balance and the balance from time to time in debit in the said account are secured by :
1. Documents :A) Demand Promissory Note for Rs. __________________ dated ____________
B) Letter of Continuing Security dated __________________________________
C) Letter of Guarantee dated ___________________ signed by _ ________________________ to the extent of Rs.
______________________
D) Agreement of Pledge dated _______________ of stocks of ______________
_____________________________ from time to time pledged with the Bank.
E) Agreement of Hypothecation dated __________________ of all tangible movable including _____________
situate/lying and being at _______________
F) Equitable/Legal Mortgage of immovable property situated at ________________ created by deposit of title deeds
made at _________ on the ________________ day of ___________________________/ by a registered deed dated
the ___________________ day of __________________________ and recorded in the Bank's security register at
folio _______________________________
G) L.A.D./S. dated _________________ & _____________ signed by __________
_______________________________
H) L.A.D./S. dated _________________ & _____________ signed by _________
________________________________
I) Extension of Equitable Mortgage made on ____________ & ____________
J) Extension of Hypothecation charge on __________, ______ (assets) made on _____________, ______________
(dates)
____________________________________________________________________________
II. Securities :
Shares and Stocks, etc. (state particulars)
___________________________________________________________________________
Please return this form intact to the Bank as soon as possible with the confirmation below signed across a revenue
stamp by each accountholder and with the concurrence below of the guarantor/s also signed across revenue stamps
separately.
A duplicate is sent herewith for your record.
Yours faithfully,
CHIEF MANAGER / SR. BRANCH MANAGER/
BRANCH MANAGER

The Chief / Sr. Br. / Br. Manager Place :

BANK NAME XXXXX Date :
____________________ Branch
Dear Sir/s,
I/We hereby confirm and acknowledge my/our indebtedness on ____________________ (Date) in the aggregate
sum of Rs. __________________ as stated in the letter received along with this and further
acknowledge that the debt is secured in the manner stated therein and that the documents of security/and the
equitable mortgage/by deposit of title deeds created on__________________________ as stated therein are in full
force and effect and that the security thereunder is also in full force and effect.
STAMP
STAMP
STAMP
I/We the guarantor/s, concur in the foregoing confirmation and acknowledge my/our liability under the letter of
guarantee signed by me/us and above noted and declare that the said letter of guarantee is in full force and effect.
STAMP
STAMP
STAMP
Dated_______________
Note :(i) Each borrower and guarantor must sign across a separate Revenue Stamp
(ii) Execution on letter of acknowledgment of debt should be similar to that on Demand Promissory Note. (except
that each individual borrower and each guarantor should sign this on a separate revenue stamp of appropriate
value.)
LDOC 59 (a) 59(a)
Letter of acknowledgment of debt
(For sticky / stagnant ACCOUNTS)
BANK NAME XXXXX
To, Place :
_____________________________ Date :
______________________________
______________________________
Dear Sir/s,
Re : Your Loan/Cash Credit/Overdraft/_______________ Account
We beg to inform you that the balance of your __________________________ account on ___________ (date) was
debit RS. ______________ (Rupees _____________________ ).
And the same, together with RS. ___________ being interest accrued but not charged in the account for the period
from________ to ________ thus, the total actual dues in the account of Rs. __________ as on ________ and the
dues from time to time in debit in the said account are secured by :
1. Documents :A) Demand Promissory Note for Rs. __________________ dated ____________
B) Letter of Continuing Security dated __________________________________
C) Letter of Guarantee dated ___________________ signed by ____________________________ to the extent of
Rs. ______________________
D) Agreement of Pledge dated _______________ of stocks of __________________________ from time to time
deposited with the Bank.
E) Agreement of Hypothecation dated __________________ of all tangible movables including ____________
situate/lying and being at _______________
F) Equitable/Legal Mortgage of immovable property situated at ________________ created by deposit of title deeds
made at _________ on the ________________ day of _______, _____ by a registered deed dated the
___________________ day of __________ _____________ and recorded in the Bank's security register at folio
________________________________.
___________________________________________________________________________________

II Securities : Shares and Stocks, etc. (state particulars)

___________________________________________________________________________________Please return
this form intact to the Bank as soon as possible with the confirmation overleaf signed across a revenue stamp by
each accountholder and with the concurrence below of the guarantor/s also signed across revenue stamps
separately.
A duplicate is sent herewith for your record.
Yours faithfully,
Chief/Senior Branch Manager/Br. Manager
To,
Chief/Senior Branch Manager/Br. Manager Place:
BANK NAME XXXXX Date :
_______________________ Branch
Dear Sir/s,
I/We hereby confirm and acknowledge my/our indebtedness on _____________________ in the
aggregate sum of Rs. __________________ consisting of the balance outstanding of Rs. __________ as on _______
(date) and interest accured for the period from ________ to _______ but not charged to the account of
Rs.__________ as stated above and further acknowledge that the debt is secured in the manner stated therein and
that the documents of security/and the equitable mortgage/by deposit of title deeds created on __________________
(date) as stated therein are in full force and effect and that the security thereunder is also in full force and effect.
STAMP
STAMP
STAMP
I/We the guarantor/s, concur in the foregoing confirmation and acknowledge my/our liability under the letter of
guarantee signed by me/us and above noted and declare that the said letter of guarantee is in full force and effect.
STAMP
STAMP
STAMP
Dated ____________________
Note :(i)Each borrower and guarantor must sign across a separate Revenue Stamp
(ii) Execution on letter of acknowledgment of debt should be similar to that on Demand Promissory Note. (except
that each individual borrower and each guarantor should sign this on a separate revenue stamp of appropriate
value.)
LDOC 60 (60)
Take Delivery Letter
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Please take delivery of and continue to hold the under mentioned securities as security against advances granted or
to be granted to me/us from time to time.
1. I/We agree to maintain in Bank's favour stipulated margin on the current market values of the securities and/or
book value of the securities whichever is higher, at all times and confirm that the balance at debit of my/our account
is repayable on demand and will bear interest at _______ % over the Prime Lending Rate of the Bank per annum
plus interest tax every quarter, and additional /penal interest at the rate of _________ % p.a. or such other rates of
interest and additional / penal interest as may be stipulated by the Bank and/or R.B.I. from time to time.
2. The securities lodged or that may be lodged from time to time are to be treated as a continuing security even if the
account runs into credit, is reduced or extinguished at any time or from time or time.
3. The securities are deliverable to _____________________________________
_________________________________.

4. The account will be operated by ____________________________________

______________________________ and the indebtedness caused by such drawings from time to time will be
binding on me/us jointly and severally.
Yours faithfully,
List of Securities
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________

LDOC 61 (61)
Letter of request for overdraft
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sir,
Please grant us overdraft on the following terms :The overdraft will be secured by a joint and several demand promissory note signed by all of us and will be further
secured by the deposit with the Bank of shares and /or Government Securities belonging to one or more of us with
duly executed transfer forms or duly endorsed in favour of the Bank. The terms governing such deposits of share
and /or Government Securities will be those contained in the annexed form of Letter of Pledge of date
_________which has been signed by us and which will be binding upon each of us as the sole or joint holder of any
shares and /or Government Securities so deposited from time to time.
The Bank will be discharged and protected from any claim if it delivers all or any of such shares and/or Government
Securities to or in accordance with the instructions given by any one of us or other wise deals with all or any of such
shares and/or Government Securities in accordance with the instructions given by any one of us notwithstanding that
such instructing person may not have any interest in all or any of the shares and/or Government Securities so dealt
with and notwithstanding that any of us may then not be alive. But this provision shall not restrict the Bank's right to
sell the shares and/or Government Securities without our consent.
Yours faithfully,
Arvind Ambala Shah
Govind Ambala Shah
LDOC 62 (62)
Letter of Mandate
(For share advance)
(Unstamped)
To,
________________________________ Place :
________________________________ Date :
________________________________
197
I/We*________________________________________________________________________________________
___________________________________ request that you will pay /send all the Interest and Dividends on shares
now or at any time standing in my/our name/s in your Company's Books to Bankers,
BANK NAME XXXXX,. _____________________ (Branch Name and address)
Whose receipt shall be your full and sufficient discharge.

The Balance Sheet, Report, and any other communications relating to my/our shares/s are to be sent to me /us at the
under mentioned address.
:_____________________________
Signature/s** :_____________________________
:_____________________________
:_____________________________
Address/es :_____________________________
:_____________________________
* Full names must be mentioned.
** In Joint Accounts all the persons in whose names the shares are registered must sign.

LDOC 63 (63)
Letter of Cost.
(for title opinion)
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
Dear Sirs,
Re: My/Our ______________________________ advance facility
upto a limit of Rs. __________________________ inter alia
against equitable mortgage.
____________
In consideration of your entertaining my/our application for an advance, I/We hereby undertake to pay your cost,
charges and expenses between attorney and client of and incidental to the valuation of the property offered as
security, the investigation of my/our title thereto and preparation, execution and stamping of the mortgage thereof
and all other documents required to complete the security including all out of pocket expenses or surveyor's fees and
the like.
This undertaking will hold good notwithstanding that the negotiations may fall through for any reason whatsoever.
Yours faithfully,
_
LDOC 64 (64)
An undertaking not to withdraw deposits
by the partners/directors till
the advance is liquidated
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place :
_____________ Branch Date :
____________________
Dear Sirs,
Re : Our Cash Credit / other facility upto a limit of Rs. _______________
In consideration of your having agreed at our request to grant/granting us a Cash-Credit/_____________________
facility upto a limit of Rs. ______________ (Rupees ____________ _________________________ only) inter alia
against our undertaking not to allow to withdraw amounts already deposited with us by all partners/directors and
their family members without prior written consent of Bank, We M/s. ____________________________________
do hereby agree and undertake not to allow to withdraw the amounts already deposited with us by all the
partners/directors and their family members without the written consent of the Bank.
We understand that it is on the faith of this undertaking that you have agreed to grant us the facility as aforesaid.
Yours faithfully,
Personal Signatures of all the Partners Firm's Signature

A. Shah
Partners.
* In case of limited companies, this undertaking letter should be executed as per the resolution passed by the
Company.
LDOC 65 (65)
Declaration by the
partners of the firm
(where minor/s is / are admitted to benefits)
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
____________________
Dear Sirs,
We hereby declare that _________________________________________ (Minor/s has/have been admitted to the
benefits of the partnership firm and We,____________________________________
_______________________________________________________adult members of the Partnership firm jointly
and severally undertake to inform the Bank when the minor/s attain/s majority and elect/s to join the partnership
firm as full fledged partner/s.
We also undertake to keep the Bank indemnified against any risk or loss which they may incur or suffer on account
of their agreeing to open a current account in the name of the firm, M/s.
_____________________________________ with the abovenamed minors admitted to the benefits of the
partnership firm or on account of delay in intimation sent to the Bank of the attainment of majority by the said
minors. The said minor/s having been admitted to the benefits of the partnership firm will not operate the account.
The date/s of birth of the minor/s is/are given below. *
Yours faithfully,
Shah
A. Shah
* 1.________________________
Born on _________________
2..________________________
Born on _________________ (Partners of the above firm)

LDOC 66 (66)
An undertaking to redeem trust
receipt within a stipulated period.
BANK NAME XXXXX, Place :
_____________ Branch Date :
____________________
Dear Sirs,
Re : Our Trust Receipt facility for Rs. ___________________________
In consideration of your having agreed at our request to grant us a Trust Receipt facility upto a limit of Rs.
____________________ for delivery of imported goods for repackaging before being dispatched to our clients inter
alia against an undertaking to redeem each trust receipt within ______________________ days, We M/s.
______________________________ _______________ do hereby agree and undertake to redeem each trust receipt
within ________________ days from the date of execution.
We understand that it is on the faith of this undertaking that you have agreed to grant the aforesaid facility to us.
Yours faithfully,

LDOC 72 (72)
Letter of authority to make payment
directly to the dealers.
(Personal Loan Scheme)
(Unstamped)
BANK NAME XXXXX, Place :
_____________ Branch Date :
____________________
Dear Sir,
I/We refer to the loan amount of Rs. ___________________sanctioned to me/us by you being the ________ % of
the cost price for the purchase of ____________________ and hereby irrevocably authorised you to make payment
of Rs. _____________ on my/our depositing an amount of Rs. _________________being the _____ % margin to
_______________________________ on production of an invoice bearing my/our signature/s as token of my/our
having received the _________________________________________________ as mentioned in the invoice.
(description of article)
Yours faithfully,

LDOC 73 (73)
TERM LOAN AGREEMENT FOR SMALL LOANS.
(Under Multi Services Agency Scheme)
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place :
______________ branch.
THIS AGREEMENT made at _______________________ this ________day of ___________________
20__________ between ___________________________________________ residing/having a place of business at
__________________________________________ ______________________ hereinafter referred to as "the
Borrower" (which expression shall unless the context or subject otherwise requires, include his/her heirs, executors
and administrators) of the One Part and BANK NAME XXXXX, a body corporate constituted under the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970 and having its Head Office at Mandvi, Baroda,
and one of the branch offices at ____________________ hereinafter referred to as " the Bank" (which expression
shall unless the context or subject otherwise requires, include its successors and assigns) of the Other Part.
WHEREAS the Borrower requires finance to the extent to Rs. ___________________ as mentioned in his
application dated ______________ for financial assistance to meet the requirements for the purpose of his business
of _____________________________ hereto annexed.
NOW IT IS AGREED BY AND BETWEEN THE PARTIES HERETO as follows :
1. The Bank agrees to lend to the Borrower and the Borrower agrees to borrow from the Bank for the purpose of the
said business and subject to the conditions hereinafter set out as also in the Borrower's said application a loan to the
maximum extent of Rs. ____________ which loan is repayable with interest fixed at Rs. ______________ over a
maximum period of ____________ months. The loan will be disbursed by the Bank to the Borrower either in
installments to be provided for in a Schedule to be drawn up after mutual consultation between the borrower and the
Bank, or in one lump sum. It is agreed that the said amount of interest will accrue due on the expiry of the period for
the repayment of the principal amount of the loan and will become payable within __________________ months
thereafter.
2. The principal loan amount will be paid by installments in accordance with the Schedule hereto or Schedules of
repayment which may be fixed by the Bank after taking into consideration the provisions of this agreement as also

any other agreement and/or letters exchanged between the Bank and the Borrower PROVIDED HOWEVER that in
default of payment of any three of the aforesaid installments on the due dates, or on the happening of any of the
events mentioned in clause 17 hereof, the whole or the balance as the case may be, of the principal amount then
becoming due will BRANCH hwith become payable and notwithstanding anything herein contained, the Bank will
be entitled to charge interest on the principal amount at the rate of _______% per annum from the date of availment
of the loan and on the amount outstanding from time to time till payment, as the case may be.
3. The Borrower shall open a Savings Bank Account with the Bank, and the Bank shall have a right to appropriate
from the amounts so deposited towards repayment of the principal amount and interest payable to the Bank.
4. As security for the repayment to the Bank of the amounts due under this Agreement, the Borrower hereby
hypothecates unto the Bank by way of first charge of the present and future ______________________________
____________________________________________________ lying at _______________________ (hereinafter
referred to as "hypothecated goods").
5. If the Borrower shall fail to carry out and perform any of his obligations under these presents or if any event shall
happen or is believed by the Bank to have happened so as in the opinion of the Bank to impair the security hereby
created or the credit of the Borrower, or if the Bank shall be of opinion that the security hereby created is otherwise
imperiled (as to all or any of which matters the opinion of the Bank shall be conclusive) or if the Borrower shall fail
to carry on the said business, it shall be lawful for the Bank, its Agents and nominees without assigning any reason
and without any previous notice to the Borrower but at the Borrower's risk and expense to enter upon the said
business premises and to take charge and/or possession of the said hypothecated goods, and/or sell the same. The
Bank shall apply the net proceeds of sale of the said hypothecated goods in satisfaction so far as the same shall
extend to the moneys which shall be then owing and due from the Borrower to the Bank under this Agreement. If
the net sale proceeds are insufficient to cover the amount due to the Bank under this Agreement the Borrower shall
be liable BRANCH hwith to pay the balance appearing due to the Bank.
6. The Borrower hereby covenants with the Bank that the Borrower has not in any way hypothecated, charged or
encumbered nor will he hereafter hypothecate, charge or encumber the said hypothecated goods.
7. The Bank shall be entitled from time to time at the expense of the Borrower to inspect the premises of the said
business at ________________________________________________________
___________________________________________________________________________________(hereinafer
called "the said business premises") either by their respective officers or some other suitable person.
8. The hypothecated goods/machinery shall at all times during the currency of this security and so long as any
money shall remain due and owing in the said Loan Account be maintained in good and sale able condition and
insured and kept insured by and at the expense of the Borrower against fire and such other risks as may be required
by the Bank or be required by Law to the full extent of the value thereof in a Insurance Office or Offices approved
by the Bank in the name of the bank or in the name of the Borrower and assigned to the Bank and in either case the
policy shall be handed over to the Bank. The Borrower shall duly and punctually pay the preemie due on the policies
at least one week before the same shall have become due or payable and hand over the receipts to the Bank and the
Borrowers agrees not to raise at any time any dispute as to the amount of the insurable interest of the Bank, if the
Borrrower shall make default in effecting such insurance as aforesaid or renewing any policy or in payment of such
premia or in keeping the hypothecated premises so insured or in delivering to the Bank the policies or receipts for
the premia it shall be lawful for (but not obligatory) the Bank to effect such insurance or to renew or to pay such
premia and to keep the hypothecated goods insured and to debit the expense incurred by the Bank for the purpose to
the said account and the same shall be treated as advances secured by this Agreement. The Borrower agrees to pay
the same on demand with interest as provided in Clause 5 hereof. All sums received under any such insurance as
aforesaid shall after deduction thereout of all expenses be applied in or towards the liquidation of the balance due to
the Bank for the time being and in the event of there being a surplus the same shall be returned to the Borrower. The
Borrower agrees that if any moneys under any such insurance are received by the Borrower, he will pay the same
BRANCH hwith to the Bank.
9. At all times during the currency of this security and so long as any money shall remain due and owing in the said
Loan Account the Borrower shall maintain in good and salable condition the hypothecated goods to a market value
(not being in excess of normal value) sufficient to cover the balance for the time being due to the Bank with interest.
The Bank shall be entitled to vary the proportion of the margins from time to time. The decision of the local
Manager or the Agent of the Bank as to what is the normal value of any goods shall be conclusive. Should the Bank
so require, such margin shall be maintained by the Borrower either by the delivery of further security to be approved
by the Bank or by cash payment by the Borrower immediately on demand.
10. It shall be lawful for the Bank and its Agents without notice and at the expense in all respect of the Borrower to
enter at any time into or upon the offices, godowns of the Borrower or place of storage of any of the hypothecated

goods for the purpose of taking inspection of or checking the hypothecated goods and taking account and inspecting
of the books of account of the Borrower (which the Bank is hereby authorised to do) and it shall also be lawful for
the Bank from time to time as it may see fit to have all or any of the hypothecated goods for the time being so
hypothecated and charged as aforesaid valued by an Appraiser or other Valuer to be appointed by the Bank and all
such expenses and the fees and expenses of such valuation shall be debited to the Borrower in the said Loan
Account and be payable accordingly and shall until payment be treated as an advance secured by this Agreement.
11. If the Borrower shall fail to carry out and perform any of his obligations under these presents or in the event of
any damage occurring to the hypothecated goods from any cause whatsoever or if any event shall happen or is
believed by the Bank to have happened so as in the opinion of the Bank to impair the security hereby created or the
credit of the Borrower, if the Bank shall be of opinion that the security hereby created is otherwise imperiled (as to
all or any of which matter the opinion of the Bank shall be conclusive) it shall be lawful for the Bank, its Agents and
Nominees with a view to obtain possession for and on behalf of the Bank at all times and without assigning any
reason and without any previous notice to the Borrower but at the Borrower's risk and expense and if so required as
Attorney for and in the name of the Borrower (but not so as to alter the character of the possession which shall be
the possession of the Bank) to enter any place where the hypothecated goods or any of them may be and take charge
and/or possession of all or any part of the hypothecated goods, and the borrower shall afford every facility for
placing and shall place the hypothecated goods and every part thereof as the Bank may require in the exclusive
possession of and the exclusive control of the Bank and in such manner that such possession and control shall be
apparent and indisputable. The Borrower shall on demand deliver to the Bank the keys of any place in which any of
the hypothecated goods may from time to time be stored. In default the Bank may take any necessary steps to open
and close the said place without any further notice. At any time after taking possession the Bank may place the said
Godown or godowns or other place or places of storage in charge of a clerk or clerks and/or durwan or durwans who
shall hold the possession of the hypothecated goods and the Borrower shall pay regularly on or before the first of
every month the monthly salaries of such clerks and durwans who may be placed by the Bank in charge of the said
Godown or godowns or other place of storage to hold possession for and on behalf of the Bank of hypothecated
goods and the Borrower shall provide suitable lodging in the compound of the said Godown or godowns for such
clerks and durwans and shall pay upon demand all the traveling, board and housing accommodation, cost and
expenses of or in connection with the sending at any time of representative or representatives of the Bank to such
place or places to inspect the said goods, and the fees and expenses of any Appraiser or Valuer. Any moneys
payable by the Borrower (under this clause shall until payment by the Borrower) be debited to the Borrower in the
said Loan Account and be payable accordingly and shall until payment be treated as an advance secured by this
Agreement.
12. It shall be lawful for the Bank at any time after taking possession of the hypothecated goods without assigning
any reason after 48 hours notice to the Borrower demanding payment (which the Borrower hereby agrees to be
reasonable notice) or at any time or times thereafter (without prejudice to the Bank's right of suit or any other right
against the Borrower) to recover, receive, appoint receivers of or remove and/or sell either by public auction or
private contract subject to such conditions as the bank may deem fit or otherwise dispose of or deal with at any time
or times the hypothecated goods or any part or parts thereof and to enforce, realize, settle, compromise and to deal
with any rights or claims regarding any of the hypothecated goods without being bound to exercise any of these
powers or liable for any losses in the exercise or non-exercise thereof and notwithstanding there may be any pending
suit or other proceeding the Borrower undertakes to transfer and deliver to the Bank all relative contracts, securities,
bazaar chits, bills, notes, hundis and documents. The Borrower hereby agrees that the Bank shall be entitled to
admit, reject, refer to arbitration or compromise without consulting the Borrower any claims by any other person to
the hypothecated goods or any part thereof and that the Borrower shall be bound by the Bank's decision and that any
loss damage or costs or expenses that may arise or be caused by such decision shall be at the risk and on account of
the Borrower.
13. The Borrower shall duly and punctually pay, perform and observe all rents, rates, taxes, assessments and other
out goings and whatsoever covenants and obligations which ought to be paid or observed or performed by the
Borrower in respect of the said business premises.
14. The Borrower undertakes to utilise the loan amount solely for the purpose mentioned in the Borrower's said
application hereto annexed and further undertakes that all the goods purchased out of the loan amount shall be used
exclusively in the carrying out of the business.
15. The Borrower shall inform the Bank promptly of any notice or intimation received from any of the authorities,
viz, Government, Semi-Government, Municipal or local or other authorities regarding any default, delay, etc.,. by
the Borrowers in the performance of the Borrower's obligations towards them.

16. The Borrower shall provide to the Bank all such information as the Bank shall from time to time as its discretion
require, including information relating to the financial condition of the Borrower.
17. Notwithstanding anything herein contained, the whole advance or the balance thereof, as the case may be, shall
become BRANCH hwith payable by the Borrower to the Bank and the Bank will be entitled to enforce its security
upon the happening of any of the following events, namely :
a) if any default is made in the due and effective payment of any sum payable by, or in the discharge of any of the
obligations under these presents.
b) if an extra - ordinary situation shall make it improbable that the Borrower will be able to perform the obligations
under this Agreement,
c) if after the date of this Agreement any action shall be taken which constitutes a violation of any covenant or
agreement on the part of the Borrower under this Agreement,
d) if a distress or execution is levied or issued upon or against any part of the property of the Borrower and is not
discharged or vacated within fourteen days or a Receiver is appointed of the Borrower's business.
e) if the Borrower stops payment or ceases or decides to cease to carry on his business or disposes of the whole or
any substantial part of the business,
f) if any indebtedness or obligation of the Borrower for the payment of moneys, borrowed shall become due and
payable prior to the specified maturity thereof by reason of a default of the Borrower or otherwise not paid when
due.
g) if all or any substantial part of the Borrower's assets or business shall be condemned, seized or appropriated or
any action by any Government or any other authority shall be instituted to suspend the business of the Borrower.
h) if any information furnished by the Borrower to the Bank shall be found to be incorrect or incomplete in any
material particular, the right of the Borrower to make withdrawals from the loan amount shall be suspended until the
event which gave rise to such suspension shall have ceased to exist to the satisfaction of the Bank or until the Bank
shall have notified the Borrower that the right to make withdrawals has been restored, whichever is earlier.
18. No delay in exercising or omission to exercise any right, power or remedy accruing to the Bank upon any default
on the part of the Borrower to comply with this Agreement or any other document shall impair any such right,
power or remedy or shall be construed to be a waiver thereof or any acquiescence by the Bank in such default; nor
shall the action or inaction of the Bank in respect of any default of the Borrower as aforesaid or any acquiescence by
the Bank in any such default affect or impair any right, power or remedy in respect of any such default on the part of
the Borrower.
19. Any notice or request or permitted to be given or made under this Agreement shall be in writing. Such a request
or notice shall be deemed to have been duly made or given when it shall be delivered by hand or dispatched by
registered post or telegram to the party to which it is required or permitted to be given or made at such party's
address specified below or at such other address as such party shall have designated in writing for the Borrower.
Telegraphic Address:
B) for the Bank
Telegraphic Address:
Signature of the Borrower
Thumb Impression of Borrower

Signature of the Bank.

SCHEDULE
___________________________________________________________________________________
LOANSANCTIONED
_________________________________________________________________________
Amounts Term No. Of Inst Installment Final Installment Initial Seasonal Interest Rs. (months) including Amount
Amount (Rs.) Holidays Holidays Amount
Final Inst. Rs. (Rs.)
___________________________________________________________________________________
LDOC 75 BOARD RESOLUTION FOR AVAILING (75)
& SECURING CREDIT FACILITIES

(Unstamped)
The Board was informed that BANK NAME XXXXX ________________ branch has agreed, at the request of the
company, to grant/continue to grant the company a cash credit / demand loan / overdraft / packing credit / Term
Loan / BP / BD / LC / guarantee facilities as under :Facility Limit
1.
2.
3.
Inter alia against the following securities and on the terms and conditions as contained in the Bank's letter of
sanction dt. ____________________ and after noting that it was :
(1) Resolved that sanction be and is hereby given to the company to avail/continue to avail from BANK NAME
XXXXX, _________________ Branch the facilities upto the limits mentioned above inter alia against the following
securities namely :
1. Demand Promissory Note.
2. Letter of Continuing security.
3. Hypothecation/Pledge of goods / Machinery / Book Debts and other movables.
4. Mortgage over the fixed assets / immovable properties of the Company.
5. Personal guarantee of Shri ____________________________, Shri ________________________, Shri
________________, Shri _________________________, Shri ___________________________.
6. Letter of Installment with Acceleration clause.
7. BP/F.B.P. Undertaking.
8 . L. C. Application
9. Counter indemnity
and the company do execute the relevant documents therefor and create a mortgage over the fixed / immovable
properties of the company situate at _________________ in favour of BANK NAME XXXXX to secure the due
repayments of the out standings in the various credit facilities. (2 ) Resolved further that the documents be executed by the company and the common seal of the company be
affixed to the Demand Promissory Note / Letter of continuing security / letter of pledge / Instrument of
Hypothecation of goods / movable Machinery / Book Debts / Instrument of Power of Attorney / modifying
agreement / in the presence of Mr. ______________________________ and Mr. __________________________
two of the directors of the company who do sign the same in token thereof and the same be countersigned by Shri
________________________ of the company and that the other documents, Such as counter-indemnity letter, letter
of Installment, L.C. Application. B.P./FBP undertaking and Form No. 8/13 be executed by any two of the Directors
for the time being of the Company.
(3 ) Resolved further that the company do create a mortgage / extension of mortgage by deposit of title deeds in
favour of BANK NAME XXXXX by depositing the title deeds / documents / evidences / writing with BANK
NAME XXXXX / by giving an oral consent to BANK NAME XXXXX to continue to hold and retain the title deeds
/ documents / evidences / writings in respect of the company's immovable properties situate at
________________________ together with all buildings and structures thereon and all plant and machinery attached
to the earth or permanently fastened to anything attached to the earth (hereinafter collectively referred to as the said
immovable properties) to secure the due repayment by the company of its facilities indicated above together with
interest, additional interest, further interest by way of liquidated damages, compound interest, commitment charges,
premia on repayment or on redemption, guarantee commission, commission for letters of credit, costs, charges,
expenses and other monies including any increase as a result of devaluation / Revaluation / Fluctuation in the rates
of Exchange of Foreign currencies involved payable by the company to BANK NAME XXXXX under their Heads
of agreement / Loan Agreement. / Letters of Sanction / Memo of terms and conditions amended from time to time.
(4) Resolved further that Shri _____________________________________ and Shri
____________________________, Directors of the company, be and are hereby severally authorised to deliver to
and deposit with BANK NAME XXXXX the various title deeds, writings and evidences with BANK NAME
XXXXX; to give oral consent as aforesaid for and on behalf of the company with an intention to create a mortgage /
extend the mortgage over the said immovable properties belonging to the company.

(5) Resolved further that Shri __________________________ and Shri ________________________ Directors of
the company be and are hereby severally authorised to state on behalf of the company that the said title deeds so
deposited were the only documents of title in the possession, power and control of the company and that the
company has a clear and marketable title to the said immovable properties and that the security in favour of BANK
NAME XXXXX shall enure in respect of the company's said immovable properties both present and future and also
to give a declaration on oath to the satisfaction of BANK NAME XXXXX.
(6) Resolved further that any two of the Directors of the company be and are hereby authorised to execute letters of
Acknowledgment of Debt/Balance confirmation letters favouring BANK NAME XXXXX for and on behalf of the
Company acknowledging the liabilities of the Company to BANK NAME XXXXX in respect of the various credit
facilities availed by the company from time to time as and when called upon to do so by BANK NAME XXXXX.
(7 ) Resolved further that Shri _________________, Shri __________________ and Shri
________________________ be requested to create a mortgage by deposit of title deeds / make extension of
mortgage in respect of their immovable properties situate at ___________________________ for securing the dues
of the company to BANK NAME XXXXX in respect of the various credit facilities availed / to be availed by the
company from BANK NAME XXXXX.
(8) Resolved further that Shri ___________________, Shri ________________ and Shri
________________________ be and are hereby requested to execute letters of guarantee and letters of
Acknowledgment of Debt/Balance confirmation letters in their respective personal capacity as guarantors favouring
BANK NAME XXXXX to secure the various credit facilities availed/ to be availed by the Company from BANK
NAME XXXXX and acknowledging their liability as guarantors to the said facilities.
(9) Resolved further that BANK NAME XXXXX be and is hereby authorised to debit the cash credit or any other
account or open any separate account for the purpose of debiting the amounts of Bills purchased by the Bank which
have not been paid on due dates by the drawee/s, amounts paid to the beneficiaries under guarantees issued by the
Bank on behalf of the company and amounts paid by the Bank under letters of credit facilities, and to apply and
recover interest at applicable rates.
(10) Resolved further that the cash credit accounts and other accounts with BANK NAME XXXXX be operated by
any one of the directors of the company for and on behalf of the company.
(11) Resolved further that BANK NAME XXXXX be and is hereby requested to honour all cheques, Bills of
exchange, promissory notes drawn, endorsed, accepted or made by the company and to act on the instructions given
by any of the directors relating to the above amounts whether the same be overdrawn or not and whether or not
relating to the transactions of the company.
(12) Resolved further that the company do file the requisite particulars of charge / modification of charge to be
created by the company with the Registrar of companies.
13) Resolved further that the copies of the foregoing resolutions certified to be true copies by Shri
________________________ Chairman / secretary of the company be furnished to BANK NAME XXXXX and
they be requested to act thereon.
CHAIRMAN / SECRETARY
LDOC 76 (76)
draft of the resolution passed by the board of directors of __________________________________ at their meeting
held on _________________________
(For packing credit facility.)
(Unstamped)
The Board was informed that BANK NAME XXXXX, ________________ has agreed at the request of the
Company to grant to the Company upto a limit of Rs. ________________ (Rupees _____________
___________________________________) inter alia against the following securities and after noting this, it was :
RESOLVED that sanction be and is hereby given to the Company to borrow from BANK NAME XXXXX,
__________________ by way of establishments of L/C upto a limit of Rs. __________________ (Rupees
___________________________________________) inter alia against the following securities and that the
Company do execute the relevant documents in this behalf.
1. Stamped Application of L/C for Rs. _________________ signed by the Company.
2. Guarantee for Rs. _________________ signed by M/s.___________________________.
RESOLVED FURTHER that the documents now placed before the Board be and are hereby approved and be
executed by the Company, and Mr. ___________________________ and /or Mr. _________________________
one/two of the directors of the Company do sign the same for and on behalf of the company.

RESOLVED FURTHER that M/s. _________________________________________

____________________________ be and are hereby requested to sign the letter of Guarantee for Rs.
_______________________ in this connection as guarantors for the said facility in their personal capacity.
Certified to be true,
Chairman of the Meeting
LDOC 77 (77)
draft of the resolution passed by the board of directors of ________________________________ at their meeting
held on __________________________
(Bills Purchased /Discounted facility.)
(Unstamped)
The Board was informed that Bank of Boroda, _______________ has agreed at the request of the Company to grant
to the Company a Bills Purchased facility upto a limit of Rs. ________________ (Rupees
___________________________________________) inter alia against the guarantee of M/s.
______________________________________________ __________________________ and after noting this, it
was :
RESOLVED THAT sanction be and is hereby given to the Company to avail of the Bills Purchased facility upto a
limit of Rs. ________________ (Rupees ____________________ ____________________________) from BANK
NAME XXXXX, _____________ inter alia against the guarantee of M/s.
___________________________________________________________________ for purchase of Company's
__________________________________ bills drawn on
_______________________________________________accompanied by______________________ covering
supply of __________________________________________________________________
___________________________________________________________________________________
RESOLVED FURTHER THAT the necessary documents including Bills Purchased Undertaking now placed before
the Board be and are hereby approved and be executed by the Company and that
Mr._______________________________ a Director of the Company be and is hereby authorised to execute them
for and on behalf of the Company.
RESOLVED LASTLY THAT M/s. __________________________________________________ be and are
hereby requested to sign the Letter of Guarantee for Rs. _____________________ as guarantors for the said facility
in their personal capacity.
Certified to be true,
Chairman of the Meeting
LDOC 78 (78)
draft of the resolution passed by the board of directors of ___________________________________ at their
meeting held on__________________________
(Letter of Credit)
(Unstamped)
The Board was informed that BANK NAME XXXXX, has agreed at the request of the Company to grant to the
Company a Foreign/Inland Letter of Credit facility upto a limit of Rs. __________________ (Rupees
___________________________________________) and after noting this, it was :
RESOLVED that sanction be and is hereby given to the Company to borrow from the BANK NAME XXXXX,
____________ by way of establishment of Letter of Credit upto a limit of Rs. __________ (Rupees
___________________________________________) inter alia against the following securities and that the
Company do execute the relevant documents in this behalf.
1. A stamped application of Letter of Credit for Rs. _________ signed by the Company under its Common Seal
2. Guarantee for Rs. __________signed by M/s. __________________________
______________________________________________________________.
RESOLVED FURTHER that the documents now placed before the Board be and are hereby approved and be
executed by the Company and the Common Seal of the Company be affixed to the Letter of Credit in the presence of
Mr. ___________________________ and Mr. _______________________________ one/two of the directors of the
Company who do/es sign the same and that the same be countersigned by __________________________
___________________________________________ of the Company.
RESOLVED FURTHER that M/s. ___________________________________________
___________________________________________be and are hereby requested to sign the Letter of Guarantee for
Rs. _________________________ in this connection as guarantors for the said facility in their personal capacity.

Certified to be true,
Chairman of the Meeting
LDOC 79 (79)
draft of the resolution passed by the Board of directors of _________________at their meeting held on _________
(for all types of guarantees issued by the Bank)
(Unstamped)
The Board was informed that BANK NAME XXXXX, ________________ at the request of the Company, has
agreed to issue ____________________________________________ a Bank Guarantee for Rs.
_________________________favouring___________________________________________________ in respect
of ________________________________________ on behalf of the Company inter alia against Counter Indemnity
signed by the Company and * ___________________
_______________________________________________________________________________ and after noting
this, it was : RESOLVED THAT sanction be and is hereby given to the Company to avail of the guarantee facility as aforesaid
inter alia against securities as referred to herein before and that the Company do execute relevant documents in this
behalf.
RESOLVED FURTHER THAT Letter of Counter Indemnity now placed before the Board be and is hereby
approved and that the same be executed by Mr. ___________________
__________________________________________ a director of the Company for and on behalf of the Company.
RESOLVED LASTLY THAT certified true copy of the foregoing resolution duly signed by the Chairman of the
Company be furnished to the Bank.
Certified to be true,
Chairman of the Meeting
Note * securities offered should be stated here.
LDOC 80 (80)
Declaration to be taken from the companies every year
BANK NAME XXXXX, Place :
_____________ Branch Date :
____________________
(Unstamped)
Dear Sir,
We refer to the loan/cash credit/overdraft* arrangement with you for
Rs. ________________ against the security of + demand pronote signed by the Company and by
_______________________ and against pledge/hypothecation of _____________ ____________________ and
with reference to the Section 293 of the Companies Act. we confirm that the present total borrowings of the
Company together with the limit fixed by the Bank for advances against the above arrangement and borrowings of
all kinds from other banks do not exceed the aggregate paid -up capital and the free reserves of the Company, that is
to say the reserves not set apart for any specific purpose.
We further confirm that the Board of Directors of the Company will see that the total borrowings of the Company
and the limit fixed by the Bank under the above arrangement and borrowings of all kinds from other banks will not
at any time exceed the paid - up capital and free reserves of the Company and that it is on the faith of such
representation that the Bank has allowed the borrowing arrangement to continue.
Yours faithfully,
Director/Secretary
Note * strike off whichever is not applicable
+ omit where not applicable.

LDOC 81 (81)
Draft Resolution required to be passed by a society/club etc.
(When it obtains an advance from the bank by
way of a Loan, Cash - Credit or an Overdraft / other Credit facilities )

(Unstamped)
Certified true copy of the Resolution passed by the Managing Committee of_______________________
___________________________________________________________________________________(name of
Society / Club etc. ) at their meeting held on___________________________ The Managing Committee of the
society / club was informed _____________________________ ( Details of sanction).
RESOLVED that sanction be and is hereby given for________________________________________ (name of
Society / Club etc. ) to borrow from BANK NAME XXXXX by way of Cash - Credit / Overdraft upto
Rs.______________________ (Rupees ___________________________________________) against
hypothecation/pledge of and against Demand Promissory Note signed by the Society/Club etc/. and that
_______________ (name of Society /Club) do execute the relevant documents in this connection.
RESOLVED FURTHER that the documents now placed before the Committee be and are hereby approved and the
Demand Pronote, Instrument of Hypothecation / Pledge of goods or movable machinery or Letter of Pledge of
shares or Government Securities, Letter of Continuing Security, etc., be executed by
shri._______________________________________________ Chairman / President of __________________ name
of Society/Club as the case may be )
RESOLVED FURTHER that Cash - Credit/ Overdraft account with BANK NAME XXXXX be operated by any
one/ two of the following office - bearers jointly (or severally) :
1. Shri ___________________________________
2. Shri ___________________________________
3. Shri ___________________________________
RESOLVED FURTHER that the said BANK NAME XXXXX be and is hereby authorised to honour all Cheques,
Bills of Exchange, Promissory Notes drawn, endorsed, accepted or made on behalf of the Society by the above
named office-bearers as aforesaid and to act on any instructions so given by them relating to the account whether the
same be overdrawn or not or relating to the transactions of the Society. Certified to be true,
Chairman of the Meeting
_______________________________________________________________________________
1. Name of the Branch.
2. Stocks to be specified.
3. Executions of documents should be in terms of the Resolutions
Note : i) In respect of loan account, paragraphs 1 and 2 should be amended by substituting the word "Loan" in place
of "Cash - Credit/Overdraft" and omitting words "Letter of Continuing Security " respectively. The entire
paragraphs 3 and 4 are not applicable.
Ii) For clean facilities, security portion should be excluded from the resolution to be passed by the Society / Club
etc..

LDOC 82 (82)
Draft resolution required to be passed by a trust
(When it obtains an advance from the bank by
way of a Loan, Cash Credit or an Overdraft)
(Unstamped)
Certified true copy of the Resolution passed by the Board of Trustees of _________________________
______________________________________________at their meeting held on_________________.
RESOLVED that sanction be and is hereby given for the Trust to borrow from BANK NAME XXXXX by way of
Cash - Credit / Overdraft upto Rs. ________________________________________________ (Rupees
________________________________________________________) against hypothecation /pledge of and against
a Demand Promissory Note signed by the Trustees and that the Trust do execute the relevant documents in this
connection.
RESOLVED FURTHER that the document now placed before the Board be and are hereby approved and the
Demand Pronote, Instrument of Hypothecation / pledge of goods or movable machinery or Letter of Pledge of

shares or Government Securities, Letter of Continuing Security etc., be executed by Shri

________________________________________ Trustee/s of the Trust.
RESOLVED FURTHER that Cash - Credit / Overdraft account with BANK NAME XXXXX be operated by any
one/ two of the following Trustees jointly (or severally) : 1. Shri __________________________
2. Shri __________________________
3. Shri __________________________
RESOLVED FURTHER that the said BANK NAME XXXXX be and is hereby authorised to honour all Cheques,
bill of Exchange, Promissory Notes drawn, endorsed accepted or made on behalf of the Trust by the above named
Trustees as aforesaid and to act on any instructions so given by them relating to the account whether the same be
overdrawn or not or relating to the transactions of the Trust.
Certified to be true,
Chairman of the Meeting
1. Name of the Branch.
2. Stocks to be specified.
3. Names of joint promisors, if any,
4. Executions of documents should be in terms of the Resolutions
Note : i) In respect of loan account, paragraphs 1 and 2 should be amended by substituting the word "Loan" in place
of "Cash - Credit/Overdraft" and omitting words "Letter of Continuing Security " respectively. The entire
paragraphs 3 and 4 are not applicable.
ii) For clean facilities, security portion should be excluded from the resolution to be passed by the Trust.

LDOC 84 (84)
Specimen of assignment of life Insurance policy
(Unstamped)
I, ___________________________________ do hereby absolutely assign for valuable
consideration, all my rights, title and interests in the within Policy No. ______________ issued by the Life
Insurance Corporation Unit ____________________________________ of my life assuring the sum of Rs.
________________ to BANK NAME XXXXX, its successors and assigns, whose receipt will discharge the Life
Insurance Corporation from all liabilities in respect of this policy for all intents and purposes as effectually as if such
receipt was signed by myself, my executors or administrators.
Signed and witnessed at __________________ this __________________ day of
_________________and__________________
Witness ___________________________
Signature __________________________
Designation ________________________ ____________________
Signature of assured
Address :
LDOC 85 (85)
Notice of assignment to
Life Insurance corporation of India.
(Unstamped)
To, Place :
LIC Office Date :
Dear Sir, Re: Policy No. ____________________
for Rs. ________________________

I hereby give you notice that I have assigned absolutely the above policy/policies to the BANK NAME XXXXX,
_________________on ____________________ Please acknowledge receipt of this notice and forward the
policy/policies to BANK NAME XXXXX, ____________ _________ under advice to me/us after registering the
absolute assignment thereon in your books.
Yours faithfully,
Signature of Assignor.

LDOC 86 86)
Power of attorney in respect of book - debts facility
/STAMP APPROPRIATELY/
Place :
To all to whom these presents shall come we, M/s. ______________________________ __________ a company
incorporated in India/a Proprietorship / Partnership firm having its registered / business office at
___________________ __________________ hereinafter referred to as the Company'/firm' send greeting :
WHEREAS BANK NAME XXXXX (hereinafter referred to as 'the Bank') has been making advances and granting
Cash - Credit /Loan facilities to the Borrower on the security of Book - Debts due from any and every person, firm,
Company, Body Corporate or the Government Central or State or Indian Railways or any Government Body or
Authority or Municipal, local public or Semi - Government Body or Authority or any Body Corporate, undertaking
or project whatever in the public sector AND WHEREAS to enable the Bank to get in and realise the Book - Debts
charged and/or mortgaged and/or hypothecated with the Bank, the Bank has called upon the Borrower to appoint the
Bank as its true and lawful attorney with the several powers and authorities hereinafter contained NOW KNOW YE
AND THESE PRESENTS WITNESS that the Borrower doth hereby irrevocably make, ordain, constitute and
appoint and in its place and stead put BANK NAME XXXXX as its true and lawful attorney for and in the name and
of behalf on the Borrower to do the following acts, deeds and things :
1. To sign notices to and demand, recover and receive of and from and every person or persons, firm, company,
body corporate or Government Central or States or Indian Railways or any Government body or authority or
Municipal, Local, public or Semi Government body or authority, or any body corporate,. undertaking or project
whatever in the Public Sector all and any moneys now are or hereafter to be due or payable to the Borrower in
respect of book debts charged, mortgaged and/or hypothecated to the said bank and to grant receipts of moneys.
2. To initiate, prosecute, defend, discontinue, compromise or otherwise take part in (as the nature or circumstances
of the case may require) any action, suit or other legal or other proceedings in any court or courts or before any
Judges or Magistrates or Police Officers or Revenue Officers or tax authorities or Tribunal or Tribunals whatsoever.
3. To sign, verify and present any Vakalatnama, Warrant of Attorney Plaint, written statement, Returns, Petition,
tabular statement, Memo of Appeal or other document necessary in connection with any suit, action or other legal
proceedings and to retain and employ any counsel, advocates, solicitors and pleaders and to represent, appear and
act for the Borrower in and before any Court or Courts, Tribunal or Tribunals.
4. To accept service of Writs of Summons, Notices, Orders, Subpoena or other processes of any kind or nature
whatsoever.
5. To compromise and settle actions, suits and other proceedings.

6. To submit to arbitration in such manner and so such terms as the said attorney may think expedient any difference
now subsisting or hereafter to arise touching any manner in which the Borrower is or may be interested or
concerned.
7. To compound and accept in part satisfaction or the whole of any debt or sum now or hereafter to be owing or
payable to the Borrower and to grant an extension of time for payment of any such sum or compensation either with
or without taking security.
8. The Bank being a body corporate, any officers or person/s authorised by the Bank may exercise all or any of the
powers, authorities and discretion conferred hereby upon the Bank and may delegate all or any of such powers,
authorities and discretion's as the said Bank or such other person or any constituted attorney or other persons
appointed by it with such power to delegate as it may deem fit and accordingly all deeds and documents executed
and acts performed by any such person shall be binding on the Company/firms.
9. For the purpose aforesaid or any of them to sign and otherwise in due form of law execute and deliver all such
receipts, releases, discharges, authorities or documents, instruments and writing whatsoever as the case may require
or be necessary or expedient.
10. GENERALLY to do, execute and perform any other act, deed, matter or thing whatsoever for the purpose of
protecting the interest of the Bank.
IN WITNESS WHEREOF WE, M/s. ________________________________________ have hereunto set our hands
this ________________ day of ___________________________ _____________________.

LDOC 87 (87)
Power of attorney in respect of advance
against government supply bills
/STAMP APPROPRIATELY/
Place :

TO ALL TO WHOM THESE PRESENTS SHALL, COME We, M/s.______________________ _______

______________________SEND GREETINGS :
WHEREAS we do business along other businesses as suppliers of _____________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_______________________________________________________________ to various Central and State
Government and other Semi - Government Institutions and statutory bodies and Corporations or limited companies
or firms.
AND WHEREAS we draw bills on the various Government and other Departments or other parties for the value of
the materials supplied to them.
AND WHEREAS we have requested BANK NAME XXXXX, ________________________ (hereinafter referred
to as ' the Bank') to collect such bills and to allow us to draw against such bills.
AND WHEREAS we endorse on the bills to the effect that the amount of the bills should be paid to BANK NAME
XXXXX, ______________________________.
AND WHEREAS for the purpose of enabling the Bank to collect such bills we are desirous of executing in favour
of the Bank an irrevocable Power of Attorney in the manner hereinafter appearing conferring upon the Bank the
power and authorities hereinafter contained but which, as we hereby declare, the Bank shall be under no obligation
or duty to exercise.
NOW THESE PRESENTS WITNESS THAT we, M/s.____________________________
_________________________________ hereby appoint BANK NAME XXXXX our true and lawful attorney for
us and in our name to do all the following acts and things or any of them that is to say -1. To demand and receive from any Government and other Departments or firms or limited companies on which the
bills referred to are drawn the amount of such bills and to exercise all powers and rights under all or any of the
contracts between ourselves and Government of India and / or the various State Governments, etc. in respect of the
said bills.
2. Upon receipt of the moneys payable upon and such bills or any part thereof from time to time to make and give
receipt, release and other proper and sufficient discharges and acquittances for the same respectively.
3. Upon non - payment of the moneys payable under such bill/or any part thereof to exercise, commence and
prosecute all necessary and lawful powers, remedies action and proceedings and means for the recovery and getting
of the same.
4. To compromise or compound for any such amounts and accept a part in lieu of the whole thereof and give time or
indulgence for payment of such amounts and in the meantime to accept such security for payment thereof as the
bank shall think proper.
5. To submit any doubt or dispute in relation of the foregoing to arbitration and sign and execute any deed or writing
for the purpose of giving effect to such submission as effectually as we could do if personally present and to present
and admit execution of any deed executed by us.
6. From time to time substitute and appoint one or more attorney or attorneys under it for all or any of the purposes
aforesaid and at its pleasure to displace or remove him or them as it shall see occasion or think fit.
7. To appear before the Registrar or Sub - Registrar of Assurance of any district or any other officer duly appointed
or to be appointed under any Act or Ordinance for the time being in force or otherwise for the registration of any
deeds, assurance, contract, documents or other instruments and on our behalf to present for registration and register
or cause to be registered any deeds, assurances, contracts, documents or other instruments executed by us or in our
favour to admit execution thereof on our behalf.
8. AND WE WHEREAS declare that the Power of Attorney hereby conferred shall not be revocable and we hereby
agree from time to time and at all times hereafter to ratify and confirm whatsoever the attorney or its lawful
attorneys or attorneys to be appointed by it as aforesaid shall lawfully do or cause to be done in and concerning the
premises by virtue of this Power of Attorney.
IN WITNESS WHEREOF we, M/s. _________________________ have hereunto set out hands this
_______________ day of ________________________.
LDOC 88 (88)
Power of Attorney for hire Purchase finance
/STAMP APPROPRIATELY/
Place :

TO ALL TO WHOM THESE PRESENTS SHALL COME WE ___________________________________

__________________________________________________________________________________of
__________________________________________________________SEND GREETINGS:
WHEREAS we have borrowed moneys from BANK NAME XXXXX, hereinafter referred to as the said Bank upon
the security of our rights under all hire - purchase agreements entered into or to be entered into by us for the hiring
out of motor vehicle.
AND WHEREAS for the purpose of securing the said Bank we have agreed to confer powers and authorities upon
the Bank and its officers as hereinafter provided and that this power of attorney shall be irrevocable.
NOW KNOW YE and these presents witness that we hereby nominate, constitute and appoint BANK NAME
XXXXX to be our agents and attorneys with the power and authorities hereinafter contained. :
1. To exercise all powers, authorities and discretion which we have or may from time to time have or can exercise
under it by virtue of hire-purchase agreements entered into or to be entered into by us for hiring out motor vehicles.
2. To take possession of motor vehicles let out on hire by us and all and ancillary fittings, tools, accessories and
equipment, to appoint receivers of the same, to store the same, to repair the same and to replace defective or missing
parts, to sell the same by public auction or private contract, to receive the sale proceeds thereof and give discharges
for the same.
3. To call for the payment of all sums from time to time due to us from our hirers of motor vehicles and give
discharges for the same.
4. To enforce, settle, compromise, submit to arbitration or deal in any manner with any rights, debts or claims under
hire-purchase agreements entered into or to be entered into by us, to complete any engagements and carry on our
hire-purchase business through agents, managers or otherwise.
5. To incur expenses on our account in connection with any of the foregoing matters.
6. To give notices in our name in connection with the foregoing and in particular to sign and give notices in our
name to the hirers, to pay the debts due by them to the said Bank and to sign such notices on our behalf.
7. The said Bank shall be entitled and is hereby empowered to do all or any of the aforesaid acts in its own name or
in our name and to act in all matters through any of its officers and if thought fit to delegate all or any of the powers
hereby conferred upon the said Bank to any one or more of its officers from time to time.
8. And to do all other acts, deeds and things which the said Bank may consider necessary or advisable for carrying
out the powers and authorities hereby conferred upon the Bank and the object of this power.
9. And we hereby agree to ratify and confirm whatsoever the said Bank and/or its officer or officers may do or cause
to be done in exercise or purported exercise of the powers herein before conferred.
IN WITNESS WHEREOF we have hereto put our hands this __________ day of ___________.

LDOC 89 (89)
IRREVOCABLE POWER OF ATTORNEY TO COLLECT
CASH INCENTIVES AND/OR DUTY DRAW BACKS
DIRECTLY FROM THE APPROPRIATE AUTHORITY.
/STAMP APPROPRIATELY/
TO ALL TO WHOM THESE PRESENTS SHALL COME WE, ____________________
______________________________________________________having our registered office
at___________________________________________________and carrying on the business of manufacturing of
_____________________________________________ _________________________________________SEND
GREETINGS :
WHEREAS for the purpose of the above business at our request BANK NAME XXXXX,
_____________________________________ has sanctioned and granted to us Packing Credit facility upto a limit
of Rs. ___________________________ inter alia against our executing the Power of Attorney as hereinafter
appearing :-

NOW KNOW YE AND THESE PRESENTS WITNESSETH, WE, ______________

________________________________________________________________________
____________________________ do hereby nominate, constitute and appoint BANK NAME XXXXX (hereinafter
called 'the attorney') as our true and lawful attorney for us in our name and on our behalf to demand, recover and
receive of and from the Government Departments, Government Authorities, Customs Authorities, Customs
Departments, Corporations etc., all payment/s by way of cash incentives and/or duty drawbacks and sums of money
which now or hereafter shall or may at any time or times during the subsistence of these presents grow or become
due or payable from and out of or in respect of the said cash incentives and/or duty drawbacks and from time to time
upon receipt thereof for us and in our name to give a sufficient receipt and discharge for the same and on default of
payment of such sums, cash incentives and/or duty draw backs or other moneys to take proceedings by distress or
otherwise to recover the same AND for further better and more effectively doing, effecting and executing and
performing the matters and things aforesaid, we do hereby give and grant unto the attorney full power and authority
from time to time to delegate such power or powers on such terms and conditions and to the person and persons as
the attorney may think fit and/or appoint one or more substitute or substitutes to execute and perform all or any
matters and things aforesaid and such person or persons or substitute or substitutes at pleasure to remove and
appoint any or other person or persons or substitute or substitutes in their place or places and we do hereby declare
that BANK NAME XXXXX do hereby given full power and authority from time to time to act through their
employees any and concerning the above premises AND ALL and whatsoever the said attorney or substitute or
substitutes or employee or employees shall do or cause to be done any or about the said premises we do hereby for
ourselves and our executors and administrators agree to allow, ratify and confirm.
AND we further declare that this Power of Attorney shall be irrevocable as long as the said Packing Credit limit
sanctioned and granted by BANK NAME XXXXX to us shall subsist and until the said debt of Rs.
____________________ plus interest, costs, charges and expenses shall be repaid to BANK NAME XXXXX, by us
and that we are fully and completely discharged from our above liabilities.
IN WITNESS WHEREOF WE, __________________________________________ have hereunto set and
subscribed our hands this ___________________________________ day of
______________________________________ .
LDOC 90 (90)
FORM OF MEMORANDUM OF DEPOSIT OF TITLE DEEDS TO BE OBTAINED IN RESPECT OF
ADVANCE SECURED BY EQUITABLE MORTGAGE OF IMMOVABLE PROPERTY.
Mr._____________________________________________________(borrower/guarantor/authorised person)
attended at the Bank's office at ________________ on _______________ the day of ______________ 19
____________ at ________________ a.m./p.m. and deposited the documents set out below in Schedule I relating to
the land & building, immovable plant & machinery belonging to the said Mr. _______________________
______________________ shortly described as follows in schedule II ___________________ with Mr.
___________________________ (manager's name) the Manager of the Bank's said
_______________________________________ office in the presence of Mr.
_______________________________ of the Bank's said ______________________ office as security for and with
intent to create an equitable mortgage on the said land & buildings, immovable plant & machinery now or hereafter
standing thereon to secure the balance due under the Loan/Cash credit account for Rs. ________________________
in the name of _____________________________ at BANK NAME XXXXX _______________________ and
interest thereon and all costs, charges expenses incurred by and/or payable to the Bank.
SCHEDULE - I
(List of documents)
1.
2.
3.
4.
SCHEDULE II
(Description of the Land)
Dated this ____________________________ day of _________________ 19 __________

............................................
_________________________
Officer Manager of the branch.
Place & Date.
Note : 1) The borrower depositing title deeds with the Bank, should not sign the memorandum.
(2) To be stamped, if so required, under the local Stamp Act.
.
LDOC 90(A) MEMORANDUM OF ENTRY 90(A)
(IN CASE OF MORTGAGE OF INDIVIDUAL'S PROPERTY)
1. On the ____________________day of _______________________ Shri ______________________ son of Shri
___________________, Indian inhabitant residing at _______________ (hereinafter called "MORTGAGOR")
attended the branch office of BANK NAME XXXXX, at ______________________________ (hereinafter called
"BANK") and delivered to and deposited with Shri _____________________ _____________________, of BANK,
acting for BANK, the documents of title, evidences, deeds and writings more particularly described in the First
Schedule hereunder written (hereinafter called "the said title deeds") in respect of immovable properties belonging
to him and, situate at _________________
______________________________________________________________ and more particularly described in the
Second Schedule hereunder written both present & future (hereinafter referred to as "the said immovable
properties") to secure on a first charge basis the due repayment and discharge to BANK for their below mentioned
financial assistance to the Mortgagor, viz,
Nature of facility LIMIT
(Rs. in lacs)
i)
ii)
iii)
iv)
v)
vi)
TOTAL
together with interest, additional interest, compound interest, further interest by way of liquidated damages,
commitment charges, premia on prepayment or on redemption, costs, charges, expenses and other monies payable
under their Heads of Agreement / Loan Agreements / Letters of Sanction / Memorandum of Terms and Conditions
amended from time to time.
2. THE MORTGAGOR further stated that the said title deeds so deposited were the only documents of title relating
to the said immovable properties in his possession, power and control and that he had a clear and marketable title to
the said immovable properties.
3. The aforesaid deposit of title deeds was made by Shri ____________________, the Mortgagor in the presence of
Shri _________________________________ of BANK.

FIRST SCHEDULE
(List of documents of title, evidences, deeds and writings)
SECOND SCHEDULE
(Description of the entire immovable properties)
Dated this __________________________ day of _____________.
(Signature)
Note :To be stamped, if so required, under the local Stamp Act.

LDOC 90(C) (90)C

In the matter of mortgage by deposit of title deeds
in respect of immovables.
(INDIVIDUAL'S PROPERTY)
NOT TO BE STAMPED
Declaration
I, _____________________, Son of Shri. ______________________, Indian inhabitant, at present residing at
__________________________, do hereby declare and say as follows :
1) I say that I am seized and possessed of or otherwise well and sufficiently entitled to the lands and other
immovable properties, more particularly described in the schedule hereunder written, together with all buildings and
structures thereon, both present and future (hereinafter referred to as the "said immovable properties").
2) I say that the said immovable properties are at present not mortgaged or charged to any one.
3) I further say that the said immovable properties, both present and future are now proposed to be mortgaged and
charged to BANK NAME XXXXX to secure the outstanding balances of RS. ___________ as of _________ in the
Cash Credit Limit of Rs.____________ availed by M/s. _______________________ together with interest,
additional interest, further interest by way of liquidated damages, compound interest, commitment charges, premia
on prepayment or on redemption, guarantee commission, commission for Letters of Credit, cost, charges, expenses
and other monies payable M/s. ____________________ to BANK NAME XXXXX under their Heads of
agreement/Loan agreements/Letters and sanction/ Memorandum of terms and conditions, amended from time to
time .
The said BANK NAME XXXXX is hereinafter referred to as the "Lenders".
4) I say that the Provisions of the Urban Land (Ceiling & Regulation) Act, 1976 are not applicable to the said
property or I say that I have obtained necessary permission from the Competent Authority for mortgaging the said
immovable properties.
5) I say that the said immovable properties are free from all encumbrances or charges (statutory or otherwise),
claims and demands and that the same or any of them or any part thereof are/is not subject to any Lien/ Lis pendens,
attachment or any other process issued by any Court or Authority and that I have not created any Trust in respect
thereof and that the said immovable properties are in my exclusive, uninterrupted and undisturbed possession and
enjoyment since the date of purchase/acquisition thereof and no adverse claims have been made against me in
respect of the said immovable properties or any of them or any part thereof and the same are not affected by any
notices of acquisition or requisition, and that no proceedings are pending or initiated against me under the Income Tax Act, 1961, Public Debts/Money Recovery Act, or under any other law in force in India for the time being and
that no notice has been received by or served on me under Rules 2, 16, 21 and 51 of the Second Schedule to the
Income - Tax Act, 1961 and/or under any other law and there is no pending attachment whatsoever issued or
initiated against the said immovable properties or any of them or any part thereof.
6) I say I have duly paid all rents, royalties and all public demands including Income - Tax, Corporation Tax and all
other taxes and revenue payable to the Government of India or to the Government of any state or to any local
authority and that at present there are no arrears of such dues, rents, royalties, taxes and revenue dues and
outstanding and that no attachments or warrants have been served on me of Income - Tax, Government revenues and
other taxes.
7) I also agree and undertake to give such declarations, undertakings and other writings as may be required by the
Lenders or their solicitors and satisfactorily comply with all other requirements and requisitions submitted by or on
behalf of the Lenders.
8) I say that I have obtained the requisite consent from the Income-Tax authorities pursuant to the provisions
contained in Section 281 of the Income-Tax Act, 1961 for the alienation of my properties in favour of the Lenders.
9) I assure, agree and declare that the security to be created in favour of the Lenders shall enure in respect of my
immovable properties, both present and future and that the documents of title, evidences, deeds and writing in
relation to the said immovable properties which are to be deposited with the Lenders for creating a mortgage by
deposit of title deeds in their favour are the only documents of title relating to the said immovable properties.
10) I hereby agree and undertake that I will within a period of three months from the date hereof or such extended
date as may be permitted by the Lenders in writinga) perfectly assure the title to the properties comprised in the mortgage security and to comply with all requisitions,
that may be made from time to time by or on behalf of the Lenders in that behalf;
b) give such declarations, undertakings and other writings as may be required by the Lenders and satisfactorily
comply with all other requirements and requisitions submitted by or on behalf of the Lenders;

c ) pay all rents, rates, taxes, cess, fees, revenues, assessments, duties and other out goings and pay other amounts
due in respect of the said immovable properties and shall observe and perform all the rules and regulations
pertaining to the same and will not do or omit to do or suffer to be done any thing whereby the mortgaged security
as proposed to be created in favour of the Lenders be affected or prejudiced in any manner whatsoever.
11) I further undertake that no mortgage, charge, lien or other encumbrance whatsoever will be created on the
properties comprised in the mortgage security save and except with the permission of the lenders.
12) I am not aware of any act, deeds, matter or thing or circumstance which prevents me from charging/further
charging in favour of the Lenders the said immovable properties.
AND I make the aforesaid declaration solemnly and sincerely believing the same to be true and knowing full well
that on the faith thereof the Lenders have agreed to complete the said transaction of mortgage by deposit of title
deeds in respect of the said immovable properties as aforesaid.
schedule
(Description of Immovable Property)

LDOC 90(D) (90)D

Letter of confirmation of equitable mortgage
(In respect of Personal Property)
(Unstamped)
Dt. __________________
Place ________________
BANK NAME XXXXX,
_____________ Branch.
Dear Sirs,
Re : _______________ facility of Rs. ___________ lacs
I confirm that as already agreed upon, I have on _____________________ called at the Office of BANK NAME
XXXXX, __________ and deposited the documents of title, deeds, evidences, papers and writings in respect of my
immovable properties together with buildings and structures thereon and fixtures and fittings both present and future
(more fully described in the Schedule hereunder), with an intent to create a security by way of mortgage by deposit
of title deeds on a First Charge Basis over the said immovable properties for the due repayment, discharge and
redemption by me to BANK NAME XXXXX of its _______ facility of Rs. ________ lacs, together with interest,
costs, charges, expenses and other monies payable thereon.
SCHEDULE
(Description of Immovable Properties)
(Signature)
LDOC 90(E) In the matter of mortgage by deposit of title deeds 90(E)
in respect of immovables and hypothecation of movables.
(IN CASE OF PARTNERSHIP FIRM / COMPANY)
(Unstamped)
DECLARATION

I, _____________________________ son of ___________________________ Indian inhabitant, at present residing

at ____________________________________________________________________ do hereby solemnly declare
and say as follows :
1. I am a Partner/Director of M/s. ___________________________________________________ a Partnership
firm/a company having its principal Place of business/Registered office at _______________
__________________________________________________ (hereinafter called the "firm"/"company") with Shri.
___________________________, Shri. _______________, Shri. ___________________, Shri.
___________________, and Shri. _______________________ as partners of the firm and I am duly authorised by
the said firm and the partners of the firm in their capacity as partners and in their respective individual capacities
company to make this declaration. (for and on behalf of the firm/company).
2) I say that I am/the firm is/the company is seized and possessed of or otherwise well and sufficiently entitled as
absolute owner to the lands and other immovable properties situate at
________________________________________________, more particularly described in the schedule hereunder
written together with all buildings and structures thereon and all plant and machinery attached to the earth or
permanently fastened to anything attached to the earth, both present and future (hereinafter referred to as the "said
immovable properties").
3) I say that the said immovable properties are at present mortgaged and charged to BANK NAME XXXXX
____________ branch for securing the following facilities :
A)___________________________b)______________________________
c)___________________________ d) ______________________________
4) I further say that the said immovable properties, both present and future, are now proposed to be mortgaged and
charged to BANK NAME XXXXX ______________ branch for securing the following additional/increase in the
following facilities,viz.
Name of the facility _______ _______ _______ _______ Total
(Limit - Rs. in lacs) (in lacs)
a)
b)
c)
d)
e)
together with interest, additional interest, further interest by way of liquidated damages, compound interest,
commitment charges, premia on prepayment or on redemption, guarantee commission, costs, charges, expenses and
other monies payable by the firm to the Bank, under their Heads of agreements / Loan agreements / Letters of
sanction / Memorandum of terms and conditions, amended from time to time.
5) I say that I have/the firm has/company has obtained necessary permission from the Competent Authority
appointed under the Urban Land (Ceiling & Regulation) Act, 1976 (hereinafter referred to as "the said Act") for
mortgaging and charging the said immovable properties in favour of the Bank as aforesaid
6) I say that the said immovable properties are (save and except for the mortgages and charges mentioned herein
above) free from all encumbrances or charges (statutory or otherwise), claims and demands and that the same or any
of them or any part thereof are/is not subject to any lein/lispendens, attachment or any other process issued by any
Court or Authority and that I/the firm/the company has not created any Trust in respect thereof and that the said
immovable properties are in the exclusive uninterrupted and undisturbed possession and enjoyment of myself/the
firm/the company since the date of purchase /acquisition thereof and no adverse claims has been made against
me/the firm/the company in respect of the said immovable properties or any of them or any part thereof and the
same are not affected by any notices of acquisition or requisition, and that no proceedings are pending or initiated
against the firm under the Income - Tax Act, 1961, Public Demands Recovery Act, or under any other law in force
in India for the time being and that no notices has been received or served on the owner under Rules 2, 16, 21 and 51
of the Second Schedule to the Income Tax Act, 1961 and/or under any other law and there is no pending attachment
whatsoever issued or initiated against the said immovable properties or any of them or any part thereof.
7) I say that (save and except for the mortgage and charges mentioned herein above) I am/the firm/the company is
absolutely entitled to the moveable plant and machinery and all the moveable assets and the same or any of them are
not (save as aforesaid) hypothecated or charged in favour of any person whatsoever except such movables over
which hypothecation/charge has been created/to be created in favour of his/its bankers as security for borrowings for
working capital requirements, in the ordinary course of business.
8) I have/the firm has/the company has duly paid all rents, royalties and all public demands including Provident
Fund dues, gratuity dues, Employees State Insurance dues, Income Tax, Sales Tax, Corporation Tax and all other

taxes and revenue payable to the Government of India or to the Government of any state or to any local authority
and that at present there are no arrears of such dues, rents, royalties, taxes and revenue due and outstanding and that
no attachments or warrants have been served on myself/the firm/the company in respect of Sales Tax, Income - Tax,
government revenues and other taxes.
9) I also agree and undertake/on behalf of the firm/on behalf of the company to give such declarations, undertakings
and other writings as may be required by the Lender or their solicitors and satisfactorily comply with all other
requirements and requisitions submitted by or on behalf of the Lender.
10) I say that I have/the firm has/the company has obtained the requisite consent from the Income-Tax authorities
pursuant to the provision contained in Section 281 of the Income -Tax Act, 1961 for the mortgage of the said
immovable properties in favour of the mortgagee/s
11) I/We on behalf of the firm and its partners/on behalf of the company assure, agree and declare that the security
to be created in favour of the Lender shall enure in respect of the said immovable properties both present and future
and that the documents of title, evidences, deeds and writings in relation to the said immovable properties which are
to be deposited with the Lender for creating a mortgage by deposit of title deeds in their favour are the only
documents of title relating to the said immovable properties.
12) I/We, on behalf of the firm/on behalf of the company hereby agree and undertake that I/the firm/the company
will within a period of three months from the date hereof or such extended date as may be permitted by the Lender
in writing a) perfectly assure the title to the properties comprised in the mortgage security and to comply with all requisition
that may be made from time to time by or on behalf of the Lender in that behalf;
b) give such declarations, undertakings and other writings as may be required by the Lender and satisfactorily
comply with all other requirements and requisitions submitted by or on behalf of the Lender;
c) pay all rents, rates, taxes, cess, fees, revenues, assessments, duties and other out goings and pay other amounts
due in respect of the said immovable properties and shall observe and perform all the rules and regulations
pertaining to the same and will not do or omit to do or suffer to be done anything whereby the mortgaged security as
proposed to be created in favour of the Lender be affected or prejudiced in any manner whatsoever.
d) obtain necessary letters of consent/modified letters of consent from its bankers for the creation of charge on the
current assets belonging to me/the firm/the company in favour of the Lender subject to the prior charge/s created/to
be created by me/the firm/the company in favour of the banker on specified movables for securing borrowings for
working capital requirements in the ordinary course of business in such form as may be required by the Lender;
13) I further undertake on my behalf/on behalf of the firm/on behalf of the company that no mortgage, charge, lien
or other encumbrance whatsoever will be created on the properties comprised in the mortgage security save and
except with the permission of the Lender.
14) I am not aware of any act, deed, matter or thing or circumstance which prevents me/the firm/the company from
charging/further charging in favour of the Lender the said immovable properties and the unfixed plant and
machinery and all other movable assets as aforesaid.
AND I make the aforesaid declaration for and on behalf of myself/the firm/the company and its partners solemnly
and sincerely believing the same to be true and knowing full well that on the faith thereof the Lender has agreed to
complete the said transaction of mortgage by deposit of title deeds in respect of the said immovable properties as
aforesaid.
Schedule
(Description of the entire immovable properties)
Solemnly declared at ____________________ ]
as aforesaid this ____________________ day ]
of ____________________________. ]
BEFORE ME
LDOC 90(F) 90(F)
Memorandum of Entry
where company's property is equitably mortgaged
On the __________ day of _______________ Shri _____________________________ a Director of
____________________________________ a company within the meaning of the Companies Act, 1956 (I of 1956)
and having its Registered Office at ________________________________________
______________________________________________________ (hereinafter referred to as 'the Company')

attended the office of BANK NAME XXXXX at its ________________ Branch,

___________________________________________ (hereinafter called 'the Bank') and delivered to and deposited
with Shri____________________________________ acting for the Bank, the documents of title, evidences deeds
and writings more particularly described in the First Schedule hereunder written (hereinafter called 'the said title
deeds') in respect of the Company's immovable properties situate at __________________________________ in the
State of ________________ and more particularly described in the Second Schedule hereunder written.
While making the deposit, Shri _____________________________ stated that he was doing so on behalf of the
Company and in his capacity as a director of the Company with intent to create a security by way of mortgage by
deposit of title deeds, on the Company's immovable properties together with all buildings and structures thereon
more particularly described in the Second Schedule hereunder written and all plant and machinery attached to the
earth or permanently fastened to anything attached to the earth (hereinafter collectively referred to as 'the said
immovable properties') to secure due repayment discharge and redemption by the Company to the Bank of its :
Nature of Facility Limit
1.
2.
3.
4.
5.
6.
in all aggregating Rs. _________ (Rupees. ________________________________) together with interest,
additional interest further interest by way of liquidated damages, interest tax, commitment charges, premia on
prepayment or on redemption, guarantee commission, costs, charges and expenses and other moneys payable under
their respective Loan Agreement / Letters of Sanction / Memorandum of Terms and Conditions, amended from time
to time.
Shri. _______________________________ further stated that he was authorised to create a mortgage by deposit of
title deeds as aforesaid pursuant to the Resolutions passed by the Board of Directors of the Company at their
meeting held on _________________ and he furnished a certified copy of the said resolution to Shri.
________________________________ and further stated that the said resolutions were in full force and effect.
Shri. ________________________________ stated that the said title deeds so deposited were the only documents of
title relating to the said immovable properties in the possession, power and control of the Company and that the
Company has a clear and marketable title to the said properties.
The aforesaid deposit of title deeds was made by Shri.________________________________ on behalf of the
Company in the presence of Shri.________________________________ an Officer of the Bank.
First Schedule
(List of documents of title, evidences deeds and writings)
Second Schedule
(Description of the immovable property)
All that piece and parcel of Non - Agricultural Land bearing at No.________________ situated within the Village
limits of __________________Taluka ________________ District and Registration Sub - District ______________
in the state of _________________ containing by admeasurement _______________ square meters or there about
and bounded as follows, that is to say On or towards the North by On or towards the South by On or towards the East by On or towards the West by together with all buildings and structures standing thereon or to be erected hereafter and the plant and machinery
attached to the earth or permanently fastened to anything attached to the earth, both present and future.
Dated at ______________ this ________________ day of________________
For BANK NAME XXXXX
Officer Chief/sr.branch/branch Manager
Note: To be stamped, if so required under the local Stamp Act.
LDOC 90(G) 90(G)

supplemental Memorandum of Entry

(COMPANY'S PROPERTY)
Creation of equitable mortgage by deposit of title deeds by constructive delivery, to secure various loans and
working capital facilities granted by BANK NAME XXXXX, ________________________ Branch
to M/s. _______________________________________
On___________day of________________ at __________ a.m. / p.m./ Mr._______________________ of M/s.
___________________________, a company incorporated and registered under the Indian Companies Act, 1956
and having its registered Office at ______________________________________ (hereinafter called "the
company") attended the Office of BANK NAME XXXXX, ____________________ Branch at
___________________________________________________ (hereinafter called "the Bank") and saw Shri
________________________________________ Manager of the said Bank and orally confirmed to him that the
documents of Title, evidences and deeds, more particularly described in the Second Schedule hereunder written
(hereinafter referred to as "the said title Deeds") in respect of the Company's immovable properties situated at
_________________________ in the State of _____________________ more particularly described in the first
Schedule hereunder written, were deposited with the Bank on _________________________________ by way of
mortgage by deposit of title deeds with an intent to create a security in favour of the Bank on the company's
immovable properties together with buildings and structures thereon, fixed plants and machineries, fixtures and
fittings, constructed, erected or installed thereon (hereinafter collectively referred to as "the said immovable
properties") in order to secure due repayment, discharge and redemption by the Company to the Bank of its :
(Rs. in lacs)
Nature of Facility Limit
1.
2.
3.
4.
5.
6.
7.
8.
9.
aggregating Rs.__________ together with interest, compound interest and/or additional/interest in case of default,
penal interest, liquidated damages, commitment charges, premia on prepayment or on redemption, costs, charges,
expenses and other monies payable by the Company to the Bank under its Heads of Agreements / Loan Agreements,
sanctions and terms and conditions as amended from time to time.
Mr. _____________________________________ on the same day, further orally confirmed to the said Shri
________________________ Manager of the Bank, that the equitable mortgage created by the Company on
_____________________ by deposit of title deeds in respect of the said immovable properties shall be extended as
and by way of further equitable mortgage by deposit of title deeds by constructive delivery so as to be a continuing
security for the due repayment of the increase in Cash Credit (Hypothecation of stocks) limit of Rs.
_____________________________ (limit increased from Rs. ______________ to Rs.
_______________________ ) Cash Credit (Hypothecation of Book Debts) limit of Rs. __________________ ) Bill
Discounting (Company as a drawee) limit of Rs. __________________ (limit increased from Rs.
__________________ to Rs. _____________) aggregating Rs. _________ together with interest, compound interest
and /or additional interest, costs, charges and expenses and the original equitable mortgage and the present charge
created hereunder shall henceBRANCH h be a continuing security to the Bank for due repayment, discharge and
redemption by the Company to the Bank for its :
(State all the revised limits) (Rs. in lacs)
1.
2.
3.
4.
5.

6.
7.
8.
aggregating Rs. _________________ lacs together with interest, compound interest and or additional interest in case
of default, penal interest, liquidated damages, commitment charges, premia on prepayment or on redemption,
guarantee commission, costs, charges, expenses and other monies including any increase as a result of
devaluation/revaluation/fluctuation in the rates of exchange of foreign currencies involved, payable by the Company
to the Bank under its Heads of Agreements/Loan Agreements, sanctions and terms and conditions as amended from
time to time.
On the same day, Shri _______________________ further deposited with Shri _____________________________
Manager of the Bank, acting for the Bank further documents, evidences, consents and permissions, more particularly
described in the Third Schedule hereunder written in respect of the said immovable properties. Shri
_________________ _______________ stated that he was authorised to create further equitable mortgage by
deposit of title deeds by constructive delivery and to deposit the further documents, evidences, consent and
permission with the Bank as security in favour of the Bank as aforesaid pursuant to the Resolutions passed by Board
of Directors of the Company in their meeting held on _____________ and he handed over certified true copies of
the said Resolutions to Shri _______________________________________ of the Bank and further stated that the
said Resolutions are still valid and have not been modified or rescinded and that the same are in full force and
effect.
Shri ____________________________________ Manager of the Bank, acting for the Bank accepted the deposit of
the said title deeds, when Shri ____________________________ an Officer of the Bank was also present.
THE FIRST SCHEDULE ABOVE REFERRED TO
(Description of the immovable property)
Second Schedule above referred to
(List of documents of title, evidences and deeds lying deposited with the Bank)
Third Schedule above referred to
(List of documents, evidences, consents, and permissions now deposited with the Bank).
1. Certified true copy of the Resolution passed by the Board of Directors at their meeting held on
_________________________.
2. Certificate bearing No. ____________________ issued u/s. 281 (1) (ii) of Income Tax Act, 1961.
3. Declaration dt.___________ of ____________
Directors of M/s.______________________________________
4.
Dated this _________________ day of ______________ 199
Officer Manager
BANK NAME XXXXX
Note: To be stamped, if so required under the local Stamp Act.
LDOC 90(H) 90(H)
Letter of confirmation of creation of equitable mortgage
(Relating to company's property)
(IN CONSORTIUM ACCOUNTS)
(Unstamped)
BANK NAME XXXXX,
__________________ Branch.
Dear Sirs,
Re : Various credit facilities aggregating Rs. ___________________________ availed by
M/s. _______________________________________ .
We confirm that as already agreed upon, we have on ___________ called at the Office of BANK NAME XXXXX
__________ Branch and deposited the documents of title, deeds, evidences, papers and writings in respect of
company's immovable properties together with buildings and structures thereon and plant and machinery, fixtures
and fittings both present and future (more fully described in the Schedule hereunder), with an intent to create a
security by way of mortgage by deposit of title deeds on a First Charge Basis over the said immovable properties for

the due repayment, discharge and redemption by the company to BANK NAME XXXXX Consortium of its various
credit facilities aggregating Rs. __________, together with interest, cost, charges, expenses and other moneys
payable thereon.
SCHEDULE
(Description of Immovable Properties)
For ___________________________ Ltd.
Managing Director / Director
LDOC 90(J) 90(J)
Confirmation of Extension of Mortgage by Joint Owners
(Unstamped)
BANK NAME XXXXX,
______________ Branch,
Dear Sirs,
Re : Various credit facilities aggregating to Rs. ________________________ availed by
_________________________________ .
We,Mr._________________________________,Mr.______________________________________and Mr.
________________________ Joint Owners of the Schedule mentioned properties confirm that as already agreed
upon, We have, on ___________________, extended the mortgage created by us on __________ by deposit of title
deeds as and by way of constructive delivery by giving an oral consent/assent to the bank to continue to hold the
said title deeds, evidences, papers and writings in respect of our immovable properties together with buildings and
structures thereon and fixtures and fittings both present and future (more fully described in the Schedule hereunder)
with an intent to create a security by way of mortgage by deposit of title deeds on a First Charge Basis over the said
immovable properties for the due repayment, redemption and discharge by us _________________ to BANK
NAME XXXXX of its various credit facilities aggregating to Rs. ________________________, together with
interest, cost, charges, expenses and other moneys payable thereon.
SCHEDULE
(Description of immovable properties)
(To be signed by all the Joint Owners)
LDOC 90(K) 90 (K)
Confirmation of EXTENSION mortgage by company.
(TO BE OBTAINED ON COMPANY'S LETTERHEAD)
(Unstamped)
BANK NAME XXXXX,
_____________ Branch.
Dear Sirs,
Re : Various credit facilities aggregating to Rs. __________________ availed by
M/s. _________________________________.
We confirm that as already agreed upon, we have on _________ extended the mortgage created by the company on
_________ by deposit of title deeds as and by way of constructive delivery by giving an oral consent/assent to the
bank to continue to hold the said title deeds, evidences, papers and writings in respect of the company's immovable
properties together with buildings and structures thereon and plant and machinery, fixtures and fittings both present
and future (more fully described in the Schedule hereunder ) with an intent to create a security by way of mortgage
by deposit of title deeds on a First Charge Basis over the said immovable properties for the due repayment,
redemption and discharge by the company to BANK NAME XXXXX of its various credit facilities aggregating to
Rs._______________, together with interest, cost, charges, expenses and other monies payable thereto by the
company to the Bank.
SCHEDULE
(Description of immovable properties)
for __________________ Ltd.

Managing Director/Directors
LDOC 90(L) 90(L)
SECOND EXTENSION OF MORTGAGE BY DEPOSIT OF TITLE DEEDS
(INDIVIDUAL'S PROPERTY FOR ADVANCES TO COMPANY)
1. On the ______________day of __________________________ Shri _________________________, Indian
inhabitant residing at _________________________ (hereinafter called "the Mortgagor") attended the branch office
of BANK NAME XXXXX at ___________________________________ (hereinafter called "BANK") and saw
Shri _________________________ of BANK.
2. The said Shri ____________________ stated that the documents of title, evidences, deeds and writings more
particularly described in the First Schedule hereunder written (hereinafter called the "said title deeds") in respect of
his immovable properties situate at __________________________________ more particularly described in the
Second Schedule hereunder written together with all buildings and structures thereon both present and future
(hereinafter collectively referred to as the "said immovable properties") were deposited on ______________ day of
__________________ and further deposited by constructive delivery on ___________________ by the Mortgagor
with BANK with an intent to create a security by way of mortgage by deposit of title deeds on his said immovable
properties more particularly described in the Second Schedule hereunder written for securing the due repayment,
discharge and redemption by M/s. _____________________ Limited, a company within the meaning of the
Companies Act, 1956 and having its Registered Office at ________________________________ to BANK NAME
XXXXX for their below mentioned financial assistance to the said company :
Nature of facility Limit / Rs.
i)
ii)
iii)
together with interest, additional interest, compound interest, further interest by way of liquidated damages,
commitment charges, premia on prepayment or on redemption, guarantee commission, commission for Letter of
Credit, costs, charges, expenses and other monies payable under their Heads of Agreement / Loan Agreements /
Letters of Sanction / Memorandum or Terms and Conditions amended from time to time.
3. The said Shri __________________________ on the same day accorded and gave oral consent to Shri
_______________________________ acting for BANK to hold and retain the said title deeds as and by way of
mortgage by deposit of title deeds by constructive delivery on his said immovable properties as security on a first
charge basis also for the due repayment and discharge by the company to BANK for the following increase in the
limits of the credit (aggregating to Rs. ______________ lacs granted/to be granted by BANK to the company
being :
Nature of facility Limit / Rs. (IN LACS)
i)
ii)
iii)
together with interest, additional interest, compound interest, further interest by way of liquidated damages,
commitment charges, premia on prepayment or on redemption, guarantee commission, commission for Letters of
Credit, costs, charges, expenses and other monies payable under their Heads of Agreement / Loan Agreements /
Letters of Sanction / Memorandum of Terms and Conditions amended from time to time.
4. Whilst giving such oral consent Shri _____________________________ stated that he was doing so in his
capacity as owner/guarantor with intent to create security on the immovable properties as aforesaid.
5. Shri ___________________________ further stated that the said title deeds so deposited were the only
documents of title relating to the said immovable properties in his possession, power and control and that he had a
clear and marketable title to the said immovable properties.
6. Shri __________________________ further stated that the aggregate amount secured by the mortgage was Rs.
___________ lacs plus interest, costs, charges and expenses.
7. The aforesaid oral consent was given by Shri ___________________________ in the presence of Shri
___________________ of BANK.
FIRST SCHEDULE
(List of documents of title, evidences, deeds and writings)
SECOND SCHEDULE

(Description of the entire immovable properties)

Dated this ____________________ day of ____________________________.
(Signature) (Signature)
Sr. Manager / Manager Chief Manager / Sr. Manager
Note: To be stamped, if so required under the local Stamp Act.
LDOC 90(M) MEMORANDUM OF ENTRY 90(M)
(IN CASE OF EQUITABLE MORTGAGE OF COMPANY'S PROPERTY)
(CONSORTIUM ACCOUNTS)
On the _______________ day of ____________________ Shri _____________________, a director of
_______________________________________, a company within the meaning of the Companies Act, 1956 and
having its Registered Office at ______________
_______________________________________________________________________________ (hereinafter
called "the company") attended the branch office of ______________________ ________________ at
_________________________________ (hereinafter called ____________) and delivered to and deposited with
Shri ___________________________ acting for ____________ and ________________ acting for itself and as a
agent of
a) _____________________________________ (hereinafter called ___________)
b) _____________________________________ (hereinafter called ___________)
c) _____________________________________ (hereinafter called ___________)
d) _____________________________________ (hereinafter called ___________)
the documents of title, evidences, deeds and writings more particularly described in the First Schedule hereunder
written (hereinafter called "the said title deeds") in respect of the Company's immovable properties situate
at__________________________________________________________________
_________________________________________________________________________
2. Whilst making the deposit, Shri _______________________________________ stated that he was doing so on
behalf of the company and in his capacity as a director of the company with intent to create security, by way of joint
mortgage by deposit of title deeds, on the company's immovable properties more particularly described in the
Second Schedule hereunder written together with all buildings and structures thereon and all plant and machinery
attached to the earth or permanently fastened to anything attached to earth, fixtures and fittings constructed, erected
or installed thereon or to be constructed, erected or installed thereon, both present and future (hereinafter
collectively referred to as "the said immovable properties") to secure the due repayment, discharge and redemption
by the company to __________, ______________, ______________, _________________ and ______________
for their below mentioned financial assistance to the company :
LIMIT / (Rs. in lacs)
Nature of facility ______ ______ ______ ______ ______ TOTAL
I)
II)
III)
IV)
V)
VI)
TOTAL
together with interest, additional interest, compound interest, further interest by way of liquidated damages,
commitment charges, premia on prepayment or on redemption, guarantee commission, commission for Letters of
Credit, costs, charges, expenses and other monies payable under their Heads of Agreement/Loan Agreements/Letters
of Sanction/Memorandum of Terms and Conditions amended from time to time.
3. Shri _____________________ further stated that he was authorised to create a joint mortgage by deposit of title
deeds as aforesaid pursuant to the resolutions passed by the Board of Directors of the company at their meeting held
on __________ and he furnished a certified copy of the said resolutions to Shri. ________________________ and
further stated that the said resolutions were in full force and effect.

4. Shri _____________________ further stated that the said title deeds so deposited were the only documents of title
relating to the said immovable properties in the possession, power and control of the company and that the company
had a clear and marketable title to the said immovable properties.
5. The aforesaid deposit of title deeds was made by Shri _____________________ ___________________ on
behalf of the company in the presence of
Shri ______________________________ of ____________,
Shri ______________________________ of ____________,
Shri ______________________________ of ____________,
Shri ______________________________ of ____________,
Shri ______________________________ of ____________,
FIRST SCHEDULE
(List of documents of title, evidences, deeds and writings)
SECOND SCHEDULE
(Description of the entire immovable properties)

Dated this _________________ day of _______________________________.

(Signature)
Note: To be stamped, if so required under the local Stamp Act.
LDOC 90(N) MEMORANDUM OF ENTRY 90(N)
(Release and Redeposit)
(COMPANY'S PROPERTY)
1. On the ________________day of ______________________Shri._________________________, a director of
_______________________, a company within the meaning of the Companies Act, 1956 and having its Registered
Office at ______________________________ (hereinafter called "the company") attended the branch office of
BANK NAME XXXXX at ___________________________________ (hereinafter called "BANK") and saw Shri
___________________________ acting for BANK and requested him to hand back to him the documents of titles,
evidences, deeds and writings more particularly described in the First Schedule hereunder written (hereinafter called
"the said title deeds") in respect of the Company's immovable properties situate at
______________________________________________________ and more particularly described in the Second
Schedule here - under written which were deposited on the _______________ day of __________ 20 ___________
by the company with BANK for the specific and limited purpose of enabling the company to create a fresh mortgage
by deposit of title deeds with Shri______________________ acting for BANK to secure the financial assistance
hereinafter mentioned.
2. Accordingly, Shri ________________________ handed back the said title deeds to Shri
________________________________ for the said specific and limited purpose.
3. Shri ___________________ on the _____________ day of _______________20 ________ immediately on
receipt of the said title deeds delivered to and deposited the same with Shri._____________________________
acting for BANK.
4. Whilst making the deposit, Shri ______________________________ stated that he was doing so on behalf of the
company and in his capacity as a director of the company with intent to create security, by way of mortgage by
deposit of title deeds, on the company's immovable properties more particularly described in the Second Schedule
hereunder written together with all buildings and structures thereon and all plant and machinery attached to the earth
or permanently fastened to anything attached to earth, both present and future, (hereinafter collectively referred to as
the "the said immovable properties") to secure the due repayment, discharge and redemption by the company to
BANK of its :
Nature of facility Limit / Rs.
i)
ii)
iii)

iv)
v)
vi)
together with interest, additional interest, compound interest, further interest by way of liquidated damages,
commitment charges, premia on prepayment or on redemption, guarantee commission, commission for Letters of
Credit, cost, charges, expenses and other monies payable under their Heads of Agreement / Loan Agreements /
Letters of Sanction /Memorandum of Terms and Conditions amended from time to time.
5. Shri _________________ further stated that he was authorised to create a mortgage by withdrawal and re-deposit
of title deeds as aforesaid pursuant to the resolutions passed by the Board of Directors of the company at their
meeting held on ______________ and he furnished a certified copy of the said resolutions to Shri
__________________ and further stated that the said resolutions were in full force and effect.
6. Shri ___________________ further stated that the said title deeds so deposited were the only documents of title
relating to the said immovable properties in the possession, power and control of the company and that the company
had a clear and marketable title to the said immovable properties.
7. The aforesaid redeposit of title deeds was made by Shri.____________________ on behalf of the company in the
presence of Shri _________________________ of BANK.
FIRST SCHEDULE
(List of documents of title, evidences, deeds and writings)
SECOND SCHEDULE
(Description of the entire immovable properties)
Dated this _______________ day of ___________________
__________________ (Signature)
Note: To be stamped, if so required under the local Stamp Act.
LDOC - 90(P) 90(P)
LETTER OF CONFIRMATION OF MORTGAGE CREATION / EXTENSION
/NOT TO BE STAMPED/
I/We, Mr.......................................................................................Mr. .................................................and
Mr. .......................................on my /Our behalf or on behalf of .....................................as partner for and on behalf of
M/s. .......................................... a partnership firm/a director for and on behalf of M/s.
.........................................hereby confirm and declare that I/We had called at your ..................................branch
at ......................AM/PM on ..............................and extended the mortgage by constructive delivery deposited the
title deeds, documents evidences and writings/extended the mortgage by constructive delivery in relation to the
immovable properties situate at ......................................together with buildings and structures, immovable plant and
machinery, fixtures and fittings more particularly described in the schedule hereunder written with an intention to
create security thereon as and by way of equitable mortgage by deposit of title deeds as and by way of first/second
charge in your favour for the due repayment discharge or redemption by me/us /by
M/s. ............................................../by M/s. .........................................to BANK NAME XXXXX of its various credit
facilities increased/additional facilities to Rs. _________________________ together with interest, penal interest,
interest tax, Trustee's Remuneration, Costs, charges and expenses payable thereon.
I/We hereby further declare that I/We am/are entitled to create the aforesaid equitable mortgage in my personal
capacity / jointly/ as attorney of Mr. . ........................................./as partner of
M/s. .............................................................. /as Director of M/s. ..........................................
Date :

SCHEDULE

Signature.
LDOC 92 92)
Letter of Authority for creation of
equitable mortgage/extension of mortgage.
(Unstamped)
Re : Credit facilities sanctioned to ______________________________________
I/We, Mr. _______________________________ and Mr. ___________________________ joint borrower(s) /
partners of M/s. ______________________________________________ (Firms' name) do hereby jointly and
severally authorise Mr. ____________________________ to call at the ___________________________ branch of
BANK NAME XXXXX, and deliver and deposit the title deeds/extend the equitable mortgage by deposit of title
deeds by constructive delivery in respect of immovable properties belonging to us jointly/the firm and situated
at____ _________________________________ as security for the facilities/additional facilities aggregating to Rs.
____________________________ sanctioned to ______________________ repayable together with interests,
costs, charges and expenses payable thereon.
LDOC 96 (96)
Power of attorney for converting equitable
mortgage into a legal mortgage
/STAMP APPROPRIATELY/
Place :
TO ALL TO WHOM THESE PRESENTS SHALL COME, WE ______________________
_____________________________ a Company incorporated in India/a partnership/proprietorship firm and having
its registered business office at __________________________ (hereinafter called 'the Company/firm') SEND
GREETINGS :
WHEREAS BANK NAME XXXXX, ____________________ has agreed to grant to the borrower and
Acceptance/Guarantee bills/pro notes facility upto a limit of Rs. ___________________ (Rupees
______________________________________) plus interest inter alia against the extension of equitable mortgage
already created by the Company in respect of its Term Loan Account of Rs. _____________________ of the
Borrowers' land, building, plant and machinery situate at _______________________ are hereinafter collectively
called as 'the said premises' and against the Borrower at the same time agreeing to execute at Company's own costs
whenever called upon a proper English Mortgage of the said premises to secure the said Acceptance/Guarantee
bills/Pro notes facility upto a limit of Rs. _________________________ plus interest and at the same time also
agreeing to execute an irrevocable Power of Attorney in favour of BANK NAME XXXXX,
__________________________ for executing the said English Mortgage in favour of BANK NAME XXXXX,
__________________________.
NOW KNOW YE AND THESE PRESENTS WITNESS that the Borrower doth hereby nominate, constitute and
appoint BANK NAME XXXXX, _______________________ (hereinafter called 'the Attorney') to be the true and
lawful attorney in fact and at law of the Borrower for the Borrower, in the name and on behalf of the Company, and
as the act and deed of the Borrower to sign, seal, execute, deliver, complete perfect and record an Indenture of
Mortgage expressed to be made between the Borrower of the One part and BANK NAME XXXXX of the other part
in respect of the said premises in such form and containing such covenants and conditions as the Attorney may deem
fit including the power to sell and the power to appoint receiver of the said premises and all other powers,
provisions, and conditions as are usual in an English Mortgage for securing payment of the said

Acceptance/Guarantee bills/Pro notes facility upto a limit to Rs. ____________________ (plus interest) to BANK
NAME XXXXX, __________________ or of the moneys which shall then be due and owing to BANK NAME
XXXXX, in respect of the said Acceptance/Guarantee Bills facility.
The Bank being an incorporated body its person or persons authorised by the Bank may exercise all or any of the
powers, authorities and discretion conferred hereby upon the Bank and may delegate all or any of such powers
authorities and discretion's to such of the officers or other persons and on such terms and conditions, as the said
Bank or any constituted attorney other person appointed by it with power to such delegate as it may see fit and
accordingly all deeds and documents executed and acts performed by any such person shall be binding on the
Company.
AND GENERALLY to execute, do and perform all such deeds, instruments, acts, matters and things in relation to
the premises as the said Attorney shall think necessary or expedient as fully and effectually in all respects as the
Borrower could have done if personally present AND the Borrower effectually in all respects as the Borrower could
have done if personally present AND the Borrower doth hereby agree to ratify and confirm and covenant for itself
its successors and assigns to ratify and confirm all and whatsoever the said Attorney shall lawfully do or cause to be
done if personally present AND the Borrower doth hereby agree to ratify and confirm and covenant for itself its
successors and assigns to ratify and confirm all and whatsoever the said Attorney shall lawfully do or cause to be
done in or about premises by virtue of these presents.
AND the Borrower doth declare that this Power of Attorney shall be irrevocable so long as the said equitable
mortgage to be extended by the Borrower as aforesaid in favour of BANK NAME XXXXX,
_________________________ subsists and until the said Acceptance/Guarantee bills/Pro notes facility upto a limit
of Rs. _________________ (plus interest) shall be repaid to BANK NAME XXXXX, _______________________.
In Witness hereof the Company hath hereunto affixed its Common Seal this ________________________ day of
____________ 20 .

LDOC 97 (97)
illiterate Borrower's thumb impression / borrower's, vernacular
signature on documents
(Unstamped)
Place :
When the signatory/ies to bank papers/documents are either illiterate and/or put signature in vernacular it is
necessary to obtain an endorsement to be signed by a person conversant with the English/Hindi Language and
known to the Bank on papers/documents to the effect that "the contents are translated in vernacular and explained to
the party/ies who admit/s the same"
When borrowers not knowing the English language execute security documents printed in English, the officer in
whose presence the documents are executed should keep a separate note as under, under his initials and this note be
kept along with the documents.
"The contents of the attached document/s have been explained and interpreted to the executant in the local
vernacular language, i.e. Gujarati/Marathi/Hindi/Tamil/Bengali/Kannada/ Malayalam/Telugu etc. and he/she
appears to have understood the same".
LDOC 98 (98)
DRAFT of the resolution passed by
The Board of directors of ___________________
At their meeting held on _____________________.
(while obtaining Letter of Acknowledgment of Debt)
(Unstamped)
The Board was informed of the terms and conditions of the Cash-Credit/Demand Loan facility upto a limit of Rs.
_________________ granted by BANK NAME XXXXX, _____________ to the Company inter alia against
hypothecation/pledge of ______________________________________________________ and guarantee of M/s.
_______________________________________________.

The Board was further informed that the BANK NAME XXXXX has requested the Company to execute the Letter
of Acknowledgment of Debt in their favour and after noting this, it was :RESOLVED THAT the Letter of Acknowledgment of Debt. now placed before the Board be and is hereby approved
and be executed by the Company and the Common Seal of the Company be affixed thereto in the presence of Mr.
_________________________________ and Mr.
_________________________________________________one/two of the Directors of the Company who does/do
sign the same and the same be countersigned by Mr._________ _________________________________ of the
Company and that any other documents required by the Bank be executed by any one of the directors for and on
behalf of the Company.
RESOLVED LASTLY THAT M/s. _____________________________________________ be and are hereby
requested to sign the Letter of Acknowledgment of Debt. in this connection in their personal capacity as guarantors.
Certified to be true,
Chairman of the Meeting.
LDOC 100 (100)
True copy of the resolution passed by The Board of
directors of ________________________________________
At their meeting held on ________________________for
borrowing against uncleared effects.
(Unstamped)
The Board was informed of the terms and conditions of the sanction/renewal of Company's facility of withdrawal
against uncleared cheques upto a limit of Rs. ___________________ in the Company's Cash-Credit/Overdraft
account with the BANK NAME XXXXX ________________ and it was :Revolved that the Letter of Recording now placed before the Board be and is hereby approved and be executed by
Shri ___________________________________ a Director of the Company for and on behalf of the Company.
Certified to be true,
Chairman of the Meeting.

LDOC 101 (101)

irrevocable power of attorney
(for financing Road Transport Operators;
purchase of tractors, trailers etc.)
/STAMP APPROPRIATELY/
KNOW ALL MEN BY THESE PRESENTS THAT I, Mr. ___________________________ _________________
of ______________________________inhabitant residing at _____________________________________
hereinafter called "the Principal" (which expression shall include heirs, executors, administrators and assigns) do
hereby irrevocably constitute, nominate and appoint BANK NAME XXXXX, a Body Corporate constituted under
the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and having its Head Office at
Mandvi, Baroda and Branch Office at ________________________________ ____________________________,
hereinafter called "the Bank" to be my true and lawful attorney for me, in my name and on my behalf to do and
execute all or any of the acts and things following, namely :1. To sell, mortgage, transfer in its name or otherwise dispose of the vehicle manufactured by
__________________________________________________ make/model ____________________ bearing
Chassis No. ____________and Engine No. ____________ (hereinafter called "the said Vehicle") which is
hypothecated by me in favour of the Bank.
2. To execute any deed of transfer in favour of the purchaser or mortgage.
3. To sign all papers concerning the registration, replacement, transfer, sale or mortgage of the above vehicle and
conduct all necessary correspondence with the Transport Department or other authorities and to sign the transfer
form needed to transfer the vehicle in the record of the Transport Department or other authorities.

4. To ply the said vehicle and take all necessary actions for plying the same and to recover any moneys due as hire
charges or fare due regarding the said vehicle.
5. To appoint and to remove any driver, cleaner, agent or any other employee working on the said vehicle.
6. Until the said vehicle is sold and/or transferred as thereinbefore provided, to insure and keep insured with any
general insurance company, the said vehicle against all party risk and to pay the premia therefor and further to incur
the required expenses over the repairs and maintenance of the said vehicle so as to keep the said vehicle in good and
serviceable condition.
7. "The Borrower hereby appoints and constitutes the Bank as its Agent to act through any of its officer or officers
for the purpose of safeguarding, furthering, bettering its security including doing all requisite acts, deeds and things
and executing all deeds and documents as may be necessary including documents for filing/registering particulars of
charge/s with the concerned Registrar of Companies and obtaining certificate/s of registration of charge/s, issuing
advertisements, declarations of sale etc. in relation to the security created hereunder."
8. The Bank/its attorney may at its discretion exercise any or all of the powers hereby vested in it and it is hereby
empowered generally to do all such acts and things as the Bank/its attorney thinks expedient for the purposes
aforesaid as fully and effectively in all respects as I would do myself.
9. This power of attorney shall be irrevocable until canceled in writing by the Bank/its attorney and I hereby confirm
to ratify all that the Bank/its attorney does or causes to be done on my behalf by virtue of these presents.
IN WITNESS WHEREOF I ______________________________________________ have set my hand to this
Power of Attorney in the presence of witnesses at ______________ _________________________ this
________________________________ day of _______ __________ 19 .
Witnesses :
1)
2)
N.B. To be executed before a Presidency Magistrate or a Notary Public.
LDOC 104 (104)
letter of installments against provident fund.
(Unstamped)
BANK NAME XXXXX,
________________ branch Place :
________________
Date :
Dear Sirs,
Re : Loan against Provident Fund.
I have been granted a Loan of Rs. __________________ (Rupees ________________
_________________________________________________________________________ against the amount of
Provident Fund in hands of the Trustees of the fund.
Please deduct from my salary each month a sum of Rs. ______________________ last installment of Rs.
_________________ for ________________ months and pay the amount in reduction of the Loan until the Loan
and interest are paid off.
Yours faithfully,
LDOC 105 (105)
letter addressed to the trustees
of provident fund.
/STAMP AS ON AGREEMENT/
Place :
The Trustees, Date :
BANK NAME XXXXX,
Provident Fund,
Baroda.
Re : Loan against Provident Fund.
Dear SIr,

I have taken a loan of Rs. ________________ from the BANK NAME XXXXX. In the event of my death or
ceasing to be in the service of BANK NAME XXXXX, before the loan together with the interest is repaid, I
authorise you to pay BANK NAME XXXXX, whatever amount is due under the loan from the balance standing to
my credit in the Provident fund.
This authority supersedes any nomination I have made in respect of my Provident Fund balance to the extent of my
indebtedness to BANK NAME XXXXX.
Yours faithfully,
LDOC 106 (106)
LETTER OF AUTHORITY-CUM-INTENT TO GUARANTEE ANOTHER STAFF MEMBER'S
LOAN (IF STIPULATED) ADDRESSED TO TRUSTEES
OF PROVIDENT FUND
The Trustees, Place:
BANK NAME XXXXX,
Provident Fund, Date:
Baroda.
Dear Sir,
In consideration of BANK NAME XXXXX, granting a loan of Rs. __________________ only to Mr./Mrs./Miss
____________________________________ against the accumulation of his/her provident fund balance, I stand as a
guarantor to the advance upto Rs. _____________.
For this purpose I authorise BANK NAME XXXXX to earmark the sum of Rs. _______________ against the
balance of provident fund standing at my credit and to appropriate the sum of default of the loan by Mr./Mrs./Miss
___________________________________.
In the event of my death or ceasing to be in the service of BANK NAME XXXXX, before the loan together with
interest is repaid, I authorise you to pay BANK NAME XXXXX whatever amount is due under the loan to
Mr./Miss/Mrs. __________________________________ from the balance standing to my credit in the provident
fund.
This authority supersedes any nomination I have made in respect of my provident fund balance to the extent of my
indebtedness to BANK NAME XXXXX.
Yours faithfully,
(Specimen signature of the guarantor who guarantees the loan.)
NOTE :- A separate guarantee letter should also be obtained from
the guarantor on a stamped paper.of
LDOC 107 (107)
an undertaking to maintain vehicle
for five years :
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX, Place :
_______________ branch Date :
Dear Sir,
Re :- Loan granted to me for purchase of scooter/car.
I thank you for granting me a loan of Rs. ____________________ for purchase of scooter/car I have the vehicle of
the year __________________________, the cost price of which is Rs.
_____________________________________________.
I undertake to maintain this vehicle at least for a period of five years and will not dispose of my vehicle during this
period. After a period of five years, if my loan for vehicle remains outstanding, I will seek bank's prior permission
before disposing it of.

I will not also apply for a fresh loan for vehicle for a period of five years or till such time the outstanding loan is
fully settled, whichever is later.
Yours faithfully,
LDOC 108 (108)
irrevocable power of attorney empowering
the Bank to execute in its favour a legal
mortgage of the right, title and interest
in the flat/plot
/STAMP APPROPRIATELY/
Place :
Date :
TO ALL TO WHOM THESE PRESENTS SHALL COME I, ________________________
____________________________ (hereinafter called 'the Borrower') SEND GREETINGS :WHEREAS BANK NAME XXXXX has agreed to advance to the Borrower a Demand Loan of Rs.
____________________________________ inter alia against mortgage of the right, title and interest of the
Borrower in the plot of land/flat in a building belonging to the ___________________________ Housing Society
Limited, and more particularly described in the schedule hereunder written which said plot of land/flat in buildings,
are hereinafter called as 'the said premises' and against the Borrower at the same time agreeing to under take to
execute at Borrower's own costs whenever called upon a proper _________________________ Mortgage of the
right, title and interest in the said plot of land/flat of the Borrower to secure the demand loan with interest at the rate
of __________________ % p.a. and at the same time also agreeing to execute an irrevocable Power of Attorney in
favour of the BANK NAME XXXXX for executing the said _________________ Mortgage in favour of BANK
NAME XXXXX.
NOW KNOW YE AND THESE PRESENTS WITNESS that the Borrower doth hereby nominate constitute and
appoint BANK NAME XXXXX (hereinafter called 'the Attorney') to be the true and lawful attorney in face and at
law of the Borrower for the Borrower, in the name and on behalf of the Borrower and as the act and deed of the
Borrower :
1. To sign, seal, execute, deliver, complete, perfect and record any entry relating to creation of Equitable Mortgage
an Indenture of Mortgage to be made between the Borrower of the One part and BANK NAME XXXXX of the
Other part in respect of the said premises in such form and containing such covenants and conditions as the attorney
may deem fit including the power to sell and the power to appoint Receiver of the said premises and all other
powers, provisions and conditions as are usual in a mortgage for securing payment of the said Demand Loan to
BANK NAME XXXXX with Interest at the rate of ________________% per annum or of the money which shall
when due and owing to BANK NAME XXXXX in respect of the said demand loan and lodge such deeds,
documents and writings for registration with the Sub-Registrar of Assurances and admit execution thereof and
deposit title deeds with the Bank.
2. To apply for registration of the said flat under the provisions of any applicable act for the time being in force in
the state. Ownership and for the purpose to sign all letters, applications and documents as may be necessary.
3. To apply to the Cooperative Housing Society where the aforesaid flat No. _______________ is situated and of
which the Borrower is the member for its consent to mortgage the said flat in favour of the Bank and for the purpose
to sign all letters, applications, communications and documents necessary to obtain such consent.
4. To incur and reimburse all costs, charges and expenses that may have been spent to give effect to the provisions
of this Power of Attorney.. The Bank being a Body corporate, any persons authorised by the Bank may exercise all
or any of the powers, authorities and discretion conferred hereby upon the Bank and may delegate to all or any of
such powers, authorities and discretion to such of the Officers or other persons and on such terms and conditions as
the said Bank or such executives/officers or any constituted attorney or other person appointed by it with power to
such delegate as it may see fit and accordingly all deeds and documents executed and acts performed by any such
person shall be binding on the Borrower/guarantor. AND GENERALLY to execute, do and perform all such deeds,
instruments, acts, matters and things in relation to the premises as the said attorney shall think necessary or
expedient as fully, and effectually in all respects as the Borrower/guarantor would have done if personally present

AND the Borrower/guarantor doth hereby agree to ratify and confirm and covenant for himself his heirs, executors,
administrators and assigns to ratify and confirm all and whatsoever the said attorney shall lawfully do or cause to be
done in or about the premises by virtue of these presents.
AND THE BORROWER/guarantor doth declare that this Power of Attorney shall be irrevocable until the said loan
of Rs. _______________ with interest thereon shall be repaid to BANK NAME XXXXX.
IN WITNESS WHEREOF the Borrower/Guarantor has hereunto set and subscribed his hand at ____________ this
______________ day of _________ __________.
THE SCHEDULE ABOVE REFERRED TO
SIGNED AND DELIVERED BY the
within named borrower _________________
_______________________ in the presence
Of__________________________________
LDOC 109 (109)
letter of authority to deduct installment
FROM THE SALARY EVERY MONTH
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX
____________ Place :
Dear Sir, Date :
1. ________________________________________________am an employee of BANK NAME XXXXX, at
present stationed at ____________________ branch.
2. You have, at my request, granted me a loan payable on demand of Rs.___________ (Rupees______
___________________________) for specific purpose of purchase and acquisition of a flat/house for my residence
situated at _________________________________________________________________
___________________________________________________________________________________The said
loan shall bear interest at the rate of ________________________ per cent per annum.
3. The said loan together with interest at the aforesaid rate is repayable by me on demand by you. However, you
have, for my convenience and without prejudice to the demand payment nature of the advance, granted me a facility
to repay the said loan by monthly installment of Rs. _______________ each.
4. In consideration of the grant of the said loan to me and the continuance of the said facility for such time as you
may, in your absolute discretion deem fit, I do hereby irrevocably agree, authorise and undertake with you so as to
bind myself, my heirs, executors, administrations, estate and effect as follows :
a) You shall be entitled to deduct every month from the salary, allowances and other remuneration payable to me the
said installments of Rs._____________ and the interest at the above mentioned rate and to appropriate the same in
repayment of the said loan and I shall not raise any objection of any kind whatsoever in that behalf.
b) To deduct the said monthly installment of Rs. __________________ or any one or more of them or any part
thereof which may be in arrears and also the amount of interest payable by me on the said loan or any part thereof
which may be in arrears from bonus or any other payment whether ex-gratia or otherwise which may be payable or
become payable to me by you and I shall not raise any objection of any kind whatsoever in that behalf.
c) In the event of my ceasing to be in your service whether by retirement, death or operation of law or for any other
reason or cause whatsoever, you shall be entitled to appropriate and set off the amounts or part of amounts due to me
from the gratuity which may be payable to me or to my heirs or legal representatives as also the amount that may be
standing to my credit in the provident fund (both my and bank's contributions) irrespective of any nomination made
by me or that may be made by me hereafter, towards the repayment of the entire balance of the said loan and the
interest then remaining due and payable by me and the surplus if any, shall alone be payable to me or to my heirs or
to my legal representative, as the case may be and I shall not raise any objection of any kind whatsoever in that
behalf. Further such appropriation made by you shall be valid and binding on me, my heirs and my legal
representative and my nominees of the Provident Fund in respect of my account.
d) During the pendency of this loan and until its full repayment together with interest thereon, I shall not create any
mortgage or charge of any kind whatsoever on the salary, gratuity, bonus or other allowances, nor shall I allow the
same to be attached by any creditor of mine.
e) During the pendency of this loan and until its full repayment together with Interest thereon, you shall have first
lien on my salary, allowances and other remuneration including bonus, gratuity, or any ex-gratia payment or

otherwise whatsoever that may be payable to me in respect of the said loan or the balance thereof for the time being
due together with interest thereon as aforesaid.
f) During the pendency of this loan and until its full repayment together with interest thereon, I shall not, without
previous permission in writing of the Bank, sell, assign, mortgage, charge or in any way encumber or alienate the
said flat/house or any part thereof to anyone.
g) During the pendency of this loan and until its full repayment together with interest thereon, I shall utilise the said
flat/house only for the bona fide residential use and occupation of myself and my family members i.e. my
wife/husband and dependent children and/or parents.
h) During the pendency of this loan and until its full repayment to you together with interest thereon, I will not let or
sublet, sublease the said flat/house or any part thereof or give it or any part thereof on leave and license basis or
otherwise part with the possession thereof or any part to any other person except in the circumstances hereinafter
mentioned.
i) During the pendency of this loan and until its full repayment together with interest thereon, in the event of my
being transferred to any other branch, or office, you will permit me to give the said flat/house or any part thereof on
leave and license basis on reasonable terms subject however to your prior approval in writing being obtained by me.
j) During the pendency of this loan and until its full repayment together with interest thereon, I shall nominate you
in respect of the said flat/house in the register maintained by the Society.
k) During the pendency of this loan and until its full repayment together with interest thereon I shall not allow the
installments or interest thereon to fall in arrears and I shall punctually pay the Municipal taxes assessments, out
goings etc. to the said society and also shall not allow the same to fall in arrears. I further undertake that I shall abide
by all the rules and bye-laws of the said society and shall not do anything by which my membership in these said
society shall be jeopardised or removed.
5. The undertaking, the authority and the agreement herein contained shall be irrevocable.
Yours faithfully,

LDOC 110 (110)

letter of authority to trustees of provident fund
(where Society is formed)
/STAMP AS ON AGREEMENT/
To, Place :
The Trustees of BANK NAME XXXXX Date :
Provident Fund, Baroda.
Dear Sir,
Re : Housing Loan Scheme
With reference to the demand loan of Rs. _____________ sanctioned to me by the Bank under the Housing Loan
Scheme introduced by the Bank for its employees, I hereby irrevocably authorise you irrespective of any nomination
made or that may be made by me, to pay to BANK NAME XXXXX the amount lying to the credit of my account
with you (both my and Bank's contribution) and payable to me in the event of my ceasing to be in the service of the
Bank whether by retirement or by operation of law or for any reason whatsoever so as to liquidate the entire balance
that may then be remaining due and payable by me in my said loan account with the said BANK NAME XXXXX
with interest upto the date of such payment and to pay only the surplus, if any, to me or to my nominee or my heirs
or legal representatives as the case may be.

BANK NAME XXXXX is for all times the permanent nominee of my Provident Fund amount to my account, until
all dues of BANK NAME XXXXX in respect of my purchase of flat/house with ____ ______________________
are repaid in full.
Yours faithfully,

LDOC 111 (111)

an undertaking to obtain and tender to the Bank
original agreement between the housing society
and the borrower etc. when society is formed.
/STAMP AS ON AGREEMENT/
BANK NAME XXXXX Place :
_________________ Date :
Dear Sir,
Re : Flat No. _________________________ in _________________
_____________________________________________Co-operative
Housing Society Ltd.,at ____________________________________
and
Loan of Rs. ____________________ sanctioned by BANK NAME XXXXX to
me for the purpose of the above flat/house.
In respect of the above loan sanctioned to me by BANK NAME XXXXX for the purpose of buying the above flat in
the above Co-operative Housing Society Ltd., for the sum of Rs.____ _______ with interest thereon at the rate of
________________ percent per annum as agreed, I hereby agree and irrevocably undertake to deposit with BANK
NAME XXXXX the following :
1. Agreement dated _______________ between myself and Promoters/Builders _____________________________
Cooperative Housing Society Ltd.
2. All receipt for payment made to vendors/Promoters/Builders ____________
_______________________________________________ Co-operative Housing Society Ltd., towards the purchase
price of the above flat/house.
3. Original letter from Promoters _______________________________________ Builders
__________________________ Cooperative Housing Society Ltd., allotting me the above flat in the above
premises.
4. Share script of the above Cooperative Society.
5. Blank transfer form duly signed by me for transferring the above shares.
6. A certificate from the builders/society stating that the title to the land of the building/flat is clear, marketable and
free from any encumbrances.
7. A letter from the society accepting the Bank as nominee of Mr. ___________ ___________________________
8. A letter from the builders/society stating therein that the house/building in which Mr._______________________
has purchased the flat is fully insured, the amount and period of insurance.
I further agree and undertake that the above documents shall remain deposited with BANK NAME XXXXX till the
entire loan together with interest thereon is repaid by me to BANK NAME XXXXX.
Yours faithfully,

LDOC 112 (112)

an undertaking to create a legal mortgage
in bank's favour (where society is formed)
/STAMP AS ON AGREEMENT/
Place :
BANK NAME XXXXX Date :
____________________
Dear Sirs,
In consideration of BANK NAME XXXXX at my request agreeing to grant and/or granting me a Demand Loan of
Rs. ________________ to enable me to purchase the flat No. __________.
I hereby undertake to create a legal mortgage in favour of the Bank of my right, little and interest in the said flat
when called upon to do so, and to deposit the share certificate and/or loan bonds or stocks when issued to me by the
said society, together with the blank transfer form duly signed by me and also the letter of consent from the said
society authorising me to mortgage my right, title and interest as herein above stated.
Yours faithfully,

LDOC 113 (113)

DRAFT of resolution passed by the managing
committee of BANK NAME XXXXX employees' cooperative
housing society ltd. ________________, at their
meeting held on ______________________.
(NOT TO BE STAMPED)

The Managing Committee was informed that BANK NAME XXXXX, has agreed at the request of the Society to
grant to the Society ____________________ an advance upto a limit of
Rs. __________________ (Rupees _______________________________________only) inter alia against the
following securities and after noting this, it was :RESOLVED THAT sanction be and is hereby given to the Society to borrow from BANK NAME XXXXX, by way
of _____________________ Account upto a limit of Rs. ________________ inter alia against the following
securities and that the Society do execute the relevant documents in this behalf.
1. Demand Pronote for sum of Rs. _______________________ signed by the Society under its Common Seal.
2. Personal guarantee of all members of the Society in their individual capacity.
3. Equitable mortgage of the Society's property situate at _____________________.
RESOLVED FURTHER THAT the documents be executed by the Society and the Seal of the Society be affixed to
such of the documents as may be required by the Bank in the presence of Mr. _______________________________
and Mr._____________________________________ two members of the Managing Committee and Mr.
_________________________________, the Secretary of the Society who do sign the same and that any other
documents be executed by
Mr. ________________________________ and Mr. _____________________. two members of the Managing
Committee and Mr. ________________________, the Secretary for and on behalf of the Society.
RESOLVED FURTHER THAT all the members of the Society be and are hereby requested to sign the Letter of
Guarantee for a sum of Rs. _______________________ in this connection as guarantors for the said facility in their
personal capacity along with the Secretary of the Society.
RESOLVED FURTHER THAT the said Account with the Bank be operated upon by the Secretary jointly with one
of the following for and on behalf of the Society :1.
2.
3.
RESOLVED LASTLY THAT Mr. _______________________________________, Secretary of the Society be and
is hereby authorised to attend the Office of BANK NAME XXXXX at
_________________________________________________________________ for and on behalf of the Society to
create equitable mortgage of the Society's property situate at _______________________________ in favour of the
Bank as security for the credit arrangement upto a limit of Rs. __________________________ sanctioned to the
Society by the Bank.
CERTIFIED TO BE TRUE.
Secretary Chairman of the Meeting
LDOC 114 (114)
an agreement between bank and the society
signed by the members of the
society as guarantors.
/STAMP AS ON AGREEMENT/
Place :
ARTICLES OF AGREEMENT made this __________________________ day of
____________________________ Between BANK NAME XXXXX a Body Corporate constituted under the
Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, and carrying on business of banking,
having its Head Office at Mandvi, Baroda, hereinafter called 'the Bank (which expression shall, unless it be
repugnant to context or meaning thereof, mean and include its successors and assigns) of the party of the First Part,
AND "BANK NAME XXXXX EMPLOYEES COOPERATIVE HOUSING SOCIETY LIMITED", a Cooperative
Housing Society registered under the _____________ State Cooperative Societies Act _________________ No.
__________________ of through its President Shri______________________________ and its Secretary Shri
______________________________ both in the service of the Bank, hereinafter called "the Society" of the party of
the Second part and _____
_____________________________________________________________________________________________
_________________________________________________________ hereinafter called "the Guarantors'' (which

expression shall unless it be repugnant to context or meaning thereof mean and include their respective heirs,
executors and assigns) of the party of Third Part.
WHEREAS the Bank has, at the instance and on the request of the guarantors, agreed to give a loan not exceeding
Rs. ______________ (Rupees _________________________________________) to the society which sum the
Bank has agreed to release by installments from time to time with a view to enable the society to:(A) for the purchase by the society a piece of land _______________________________________
_____________________________________________________________________________________________
____________________________________________________ the documents of which have been executed by the
vendors in favour of the society on_____day of _____________________________________ and has been
registered under No. _________________ at the Office of the Sub-Registrar, __________ and ;
(B) for the construction of a building thereon for its members the guarantors, and in respect of which loan, the
society has executed a demand pronote for the like amount on _________ day of __________________.
AND WHEREAS the society has, in order to create an equitable mortgage over the said piece of land, together with
a building to be constructed thereon, deposited all the relevant title deeds in respect thereof received by it from the
vendors together with a true copy of the sale deeds in their favour and receipt showing payment of registration
charges, etc., in this respect and has agreed to deposit the original sale-deed in its favour when received back from
the office of the Sub-Registrar, with a view to create and complete the equitable mortgage for a sum not exceeding
Rs. _______ (Rupees _________________________________________________________________ ) to be
borrowed by it in all
AND WHEREAS the Bank has called upon the guarantors at whose instance and request the loan aforesaid was
given to the society to give further security in theIr personal capacity AND WHEREAS the guarantors have agreed
to give such personal security.
NOW THESE PRESENTS WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES
as under :That in consideration of the Bank having agreed to give, at the instance and on request of the guarantor's a loan not
exceeding Rs. _______________(Rupees________________ ____________________________) to the society of
which the guarantors are the members, all the guarantors jointly and each of them severally agree and undertake to
pay to the Bank
The aforesaid loan with Interest at the rate of ________ % over Prime Lending Rate of the Bank per annum plus
interest tax with monthly/quarterly/half yearly/annual rests or at such rate or rates as the Bank may specify to the
Borrower in writing in accordance with the Bank's prime lending rate and the Borrower's credit rating with the Bank
from time to time shall be calculated on the amount due under the said account. It is agreed that all interest
calculated as above shall accrue due from day to day and shall be debited to the account at the end of each and every
month or on the 31st March, 30th June, 30th September and on the 31st December in each year and henceBRANCH
h carry interest at the like rate and that in the event of the Bank making demand for payment on any date not being
the date of expiration of any such half-year/quarter, the Bank shall be at liberty to debit in the account all interest
down to the date of demand and to include the same in the demand for payment and that the total amount demanded
shall continue to carry interest as aforesaid until payment with monthly/quarterly/half yearly rests,. And that the
Borrower shall at all times accept the Bank's figures as correct (manifest errors excepted) in or out of court.
IT IS HEREBY THUS AGREED AND DECLARED that even though the liability of all the guarantors is
coextensive with that of the society, liability of each of the several guarantors is however limited to their share of the
total amount of loan as shown against each guarantors' name at the end agreed to be granted by the Bank to the
society. IT IS FURTHER AGREED that each of the several guarantors will pay for and on behalf of the society
monthly installments in such amounts that his liability will be fully discharged within _______________years from
the date of granting of loan. But the Bank shall be at liberty to deduct that amount of monthly installments from the
salary of each of the several guarantors. The amount thus paid by each of the several guarantors shall be credited to
the account of the society. But it is hereby specifically agreed and declared that it is the primary liability of the
society to collect and pay the monthly installments; and payments by the guarantors of monthly installments,
directly to the Bank shall not release or discharge the society from its liability to collect and pay the monthly
installments and thereby discharge the full liability under the demand pronote. The guarantors further agree that the
guarantee hereby given shall be a continuing guarantee and subject to the aforesaid limit, extended to cover and be
security for all the sums at any time due hereunder AND that the neglect or forbearance of the Bank in enforcing
payment of any moneys; the payment thereof is intended to be hereby secured or the giving of the time by the Bank
for the payment thereof shall not in anyway release the guarantors from their liability hereby given. AND that the
guarantee hereby given shall not be affected by any change in the membership of the society or by any of the
guarantor ceasing to be in the employment of the Bank for whatsoever reason; nor shall it be affected by death or

insolvency of any of the guarantors. Further the Bank shall have a first and paramount charge over the land and
building of the society and its members and that, the Bank shall have every right to realise its dues in the event of
any of the member-guarantor failing to pay his installment every month by sale either by public auction or private
treaty of the land and building of defaulting member-guarantor and to recover the balance of amount that remain
thereafter from person and other property of the member-guarantor.
NOTWITHSTANDING ANYTHING contained herein before, it is hereby specifically agreed and declared that the
loan is and shall always be a demand loan the agreement herein before made shall not vitiate its character of the
demand loan and the Bank is at all times entitled to demand and recover the whole amount or the amount that
remains due and payable by the society and the guarantors under the demand pronote at once and that it shall not be
a defense of the society and/or the guarantors that the agreement aforesaid was made and that the Bank is not
entitled to recover its dues all at once.
The society and the guarantors hereby agree and bind themselves that within a month hereof Clause No._____ of the
constitution of the society relating to the membership will be amended by them in such a manner so that only
members and ex-members of the staff of BANK NAME XXXXX can be member of the society and without prior
permission of the Bank no member of the society can give on rent premises till the society's dues to the Bank are
fully paid.
It is further agreed by the Society and the guarantors that till the dues of the Bank are not fully paid no changes in
the constitution of the society will be made without previous permission in writing by the Bank; and that no exmember of the staff of the Bank will be admitted as a member of the society without the prior permission in writing
of the bank.
IN WITNESS WHEREOF the parties thereto have put their hands the _______________ day of
___________________________19 .
Signed and delivered by BANK NAME XXXXX, through
its Constituted Attorney Mr. __________________
________________________________________
In the presence of :1.
2.
signed and delivered by BANK NAME XXXXX Employees
Cooperative Housing Society Ltd., through its President
___________________________________________ &
Secretary _____________________________________
In the presence of :1.
2.
SIGNED AND DELIVERED BY :Sr. No. Name of the member. Loan Amt. (Rs.) Signature

LDOC 115 (115)

An Undertaking to Repay Loan
in Stipulated Installments.
(Under Personal Loan Scheme)
BANK NAME XXXXX, (NOT TO BE STAMPED)
_________________ branch.
Dear Sir,
Re : My Personal loan Account upto a limit of
Rs. __________ for purchase of car, etc.
With reference to the above, I hereby agree and undertake to repay the sum in ___________ monthly installments of
Rs. ______________ last installment of Rs. ________________ only commencing from
_______________________ 19 .
I hereby authorise the Bank to deduct from my salary each month a sum of Rs. _________ for ____________
months and pay the amount in reduction of the loan until the loan together with interest is paid off.

I however, understand and agree that the Bank is entitled to recall the entire loan at any time at its pleasure and
without assigning any reason.
Yours faithfully,

LDOC 116 (116)

Notice of the Bank's lien over goods
to warehouse corporation.
(NOT TO BE STAMPED)
The Superintendent, Place :
Central Warehouse, Date :
___________________
Dear Sir,
Notice of the Bank's Lien on specified goods - Warehouse Receipt No.___________________ dated
_____________ issued by you.
Please take notice that we have assigned to and deposited with ______________ (Name of Bank) as security for
advance granted to us, warehouse receipt No. _____________ dated ____________ issued by you covering
____________________ (description of goods) deposited by ___________________ (name of the party ). The
aforesaid goods or any part thereof shall not at any time be delivered by you except on the production of your
receipt above mentioned duly discharged by the said Bank or with their consent and due notice to them. You should
not also issue a duplicate receipt for your receipt aforementioned without their consent or due notice to them.
This notice is sent to you in duplicate and we shall be glad if you will please return one copy thereof of the said
Bank duly signed by you in token of your having received it.
In case you decided to sell the goods deposited with you as a result of their deterioration or any other cause
whatsoever, you shall pay the proceeds after meeting the storage and other charges of the warehouse, to the Bank on
the basis of pledged warehouse receipt.
Yours faithfully,
(Borrower)
LDOC 117 (117)
Letter of Lien from warehousing
corporation to the Bank.
(NOT TO BE STAMPED)
No. _____________
Office of the Warehouseman,
_____________ Warehousing Corporation
_____________
BANK NAME XXXXX, Place :
_____________ Branch Date :
____________________
Dear Sir,
WAREHOUSE RECEIPT NO. _____________ Dated __________
fvg . ______________________________________
1. With reference to Demand Loan or Cash - Credit facility granted to _________________
____________________________________ against the above warehouse receipt, we have to confirm that no goods
will on any account be released by us unless the warehouse receipts discharged by the Bank are surrendered to us.
2. We also hereby certify that the above borrowers have deposited with us the undernoted commodities of current
season of good quality.
Receipt No. Commodity No of Bags Aggregate Weight.
3. We also hereby certify that the above goods have been fully insured by us against fire and that the policy for Rs.
_____________ is held by us in our possession and that in the event of a claim arising under the insurance policy
held by us, the Bank will be paid the amount due thereunder after the amount from the insurance company has been
received and the legitimate charges of the Warehouse have been met.
4. We also certify that the goods so stored have been kept separate for verification and such separate lot for which a
separate warehouse receipt has been issued.

5. The goods received under the lot are so stored in such a manner as to facilitate your easy inspection and
withdrawal at any time.
6. The rent, insurance premia and other charges payable to us have been paid by the borrowers and there are no
outstanding charges due to us from the borrowers.
7. The period of acceptance of goods mentioned in the above receipt is from _____________ to _____________.
8. The goods covered in the above receipt have been stored in our Warehouse No. _____________
Yours faithfully,
Warehouseman _____________
Warehousing Corp.
LDOC 118 (118)
Refinance Agreement in Form C
(when refinance is to be drawn from
Refinance Corporation)
/STAMPED AS ON AGREEMENT/
Place :
Articles of Agreement made this the _____________day of ____________ Between
_____________________________________________________________________________________________
________________________________________________________________________ (hereinafter referred to as
" the Borrower") of the one part and BANK NAME XXXXX having its Head office at Baroda (hereinafter referred
to as "the Financing Institution") of the other part.
WHEREAS the Borrower has applied to the Financing Institution for a loan advance of Rs. _____________ upon
the basis of and for the purposes set BRANCH h in the Borrower's proposal dated the (__________) a copy whereof
is annexed to this Agreement (hereinafter called "the Borrower's proposal").
AND WHEREAS the Financing Institution has agreed to advance such loan upon the terms set BRANCH h in these
presents and in other documents listed in the Schedule hereto (hereinafter collectively referred to as "the security
documents").
NOW IT IS AGREED in consideration of the premises as follows :
1. The Borrower's proposal shall be deemed to constitute the basis of this Agreement and of the loan to be advanced
by the Financing Institution hereunder and the Borrower hereby warrants the correctness of each and every one of
the statements and particulars therein contained and undertakes to carry out the proposal therein set BRANCH h.
2. The Borrower hereby agrees that the said advance shall be governed by the terms contained herein as well as
those embodied in the security documents listed in the Schedule hereto except in so far as the security documents
may expressly or by necessary implication be modified by these presents.
3. The Borrower expressly agrees and undertakes that the said advance shall be utilised exclusively for the purposes
set BRANCH h in the Borrower's proposal and for no other purpose.
4. The Borrower agrees and undertakes to notify the Financial Institution in writing of any circumstance affecting
the correctness of any of the particulars set BRANCH h in the Borrower's proposal within seven days after the
occurrence of any such circumstance.
5. The advance shall be repayable by the Borrower on the (____________) day of (________________) 199 by
(____________) equal yearly/half - yearly installments each of Rs. (____________) the first of which shall be paid
on the (__________) day of (______________) 19 and the subsequent installments on the (_______________) 19
and the (___________) day of (__________) 19 in each year.) Borrower shall in the meantime pay interest at the
rate of _____________ per annum as on the 30th June and 31st December.
6. Notwithstanding anything herein or in the security documents contained the whole advance shall become
BRANCH hwith due and payable by the Borrower to the Financing Institution and the Financing Institution will be
entitled to enforce its security upon the happening of any of the following events, namely
A) any installment of the principal moneys being unpaid upon the due date for payment thereof;
B) any interest remaining unpaid and in arrears for a period of three months after the same shall have become due
whether demanded or not ;
C) the Borrower's committing any breach or default in the performance or observance of these present and/or the
Borrower's proposal and/or the security documents or any other terms or conditions relating to the advance;

D) the Borrower's entering into any arrangement or composition with its creditors or committing any act of
insolvency ;
E) execution or distress being enforced or levied against the whole or any part of the Borrower's property.
F) the Borrower's (if a Company) going into liquidation (except for the purpose of amalgamation or reconstruction.
G) any of the partners of the Borrowers (if a firm) being adjudicated insolvent or taking advantage of any law for the
relief of insolvent debtors ;
H) a Receiver being appointed in respect of the whole or any part of the property of the Borrower ;
I) the Borrower ceasing, or threatening to cease, to carry on business;
J) the occurrence of any circumstance which is prejudicial to or impairs, imperils or depreciates or is likely to
prejudice, impair, imperil or depreciate the security given to the Financial Institution; and
K) the occurrence of any event or circumstance which would or is likely to prejudicially or adversely affect in any
manner the capacity of the Borrower to repay the loan.
On the question whether any of the above events has happened, the decision of the Financing Institution shall be
conclusive and binding on the Borrowers.
7. It is hereby expressly agreed that the Financing Institution shall be at liberty to assign the debt and the benefit of
these presents and the securities for the advance and the security documents to the Refinance Corporation as security
for any refinance obtained by the Financing Institution from the said Corporation in respect of the loan agreed to be
advanced by the Financing Institution to the Borrower and the Borrower shall if and whenever required by the
Financing Institution to do so at the Borrower's own expense do and execute and join in doing and executing all such
acts, things, deeds, documents or assurances as the Financing Institution may require for the effectuation of such
assignment.
The Borrower shall not, without the written consent of the Financing Institution, create in any manner any charge,
lien or other encumbrance on the security given to the Financing Institution in respect of such advance or create any
interest in such security in favour of any other party or person.
8. The Borrower shall insure to the satisfaction of the Financing Institution and keep insured all property
constituting the Financing Institution's security against fire and all other risks in a sum equivalent to its full market
value by insurance company approved by the Financing Institution in the joint names of the Financing Institution
and the Borrower or otherwise as the Financing Institution may require and shall duly and punctually pay all
premiums and shall not do or suffer to be done any act which may invalidate or avoid such insurance and shall
deposit the insurance policy and all cover notes, premium receipts and other documents connected therewith with
the Financing Institution. Any moneys realised from such insurance shall at the option of the Financing Institution
be applied either in reinstating the security or in repayment of the loan advance and interest.
9. The Borrower shall, upon every reasonable request of the Financing Institution allow the Financing Institution
and any nominees, servant or agent of the Financing Institution to inspect the Borrower's premises and plant and the
Borrower's books of account for ensuring that the Borrower has duly complied with the terms of the advances
10. The Borrower will furnish the Financing Institution with all such information as the Financing Institution may
reasonably require for the Financing Institution's satisfaction as to due compliance with the terms of the advance and
all such periodical reports and information at such times; in such from and containing such particulars, as the
Financing Institution may call for, for the purpose of ascertaining the results of the utilisation of the said advance.
11. The Financing Institution shall be at liberty to furnish to the Refinance Corporation any such information or
report, whether received by the Financing Institution from the Borrower or otherwise in the Financing Institution's
possession.
THE SCHEDULE
Here set BRANCH h brief particulars of all Security and other documents obtained by the Financing Institution
from the Borrower under the following heads :_________________________________________________________________________
Date of document Parties Brief description Brief particulars of Property secured by instrument
_________________________________________________________________________
In witness whereof Financing Institution and the Borrower have through their respective subscribing
officials/accredited representatives / power of attorney agents set their respective hands to this deeds on the
_________________________ day of _______________
Signed and delivered by BANK NAME XXXXX by its
subscribing officials/accredited representatives/powers
of attorney agents Shri ______________________ _____________
_________________________________________ Signature
__________ acting in the premises on behalf of and

under the authority of BANK NAME XXXXX.

Signed and delivered by ______________________
(the borrower) by its subscribing officials/accredited
representatives/power of attorney agents. _____________
Shri _____________________________________ Signature
acting in the presence of _____________________
_________________________________________
LDOC 120 (120)
Specimen of a bill drawn by a purchaser, which carries the acceptance of his Bank.
/TO BE STAMPED APPROPRIATELY/
No. _____________
Place :
Date :
Rs.* _____________
_____________ day ** / months / years after date (inclusive of days of grace ) pay to the @
_____________________________________________________________ or Order the sum of Rupees
@@_________________________________________________ inclusive of interest at _____________ % per
annum for value received.
To _____________
_____________
_______________
Accepted payable at + ____________________________________ Mumbai **/Calcutta/Delhi/Chennai or at the
Industrial Development Bank of India, Mumbai **/Calcutta/Delhi/Chennai.
++_________________________________________________________________________________
* Here give the amount of the bill in figures
** Omit which is not applicable
@ Here give the name of the machinery manufacturer or the design engineering concern, as the case may be.
@@ Here give the amount in words.
The Purchaser should sign here.
Here give the name and address of the purchase's bank.
+ Here give the name of the discounting bank.
++ The purchaser's bank should sign here.

LDOC 121 (121)

Specimen of a Bill Drawn by a Manufacturer, which carries the acceptance of tHE purchaser's Bank.
/TO BE STAMPED APPROPRIATELY/
No.________________
Place :
Date :
Rs. *____________________
_____________________ days**/months/years after date (inclusive of days of grace) pay to us or to our Order the
sum of Rupees @@ _________________________________ inclusive of interest at ___________% per annum.
To _____________
_____________
_______________
Accepted payable at + ____________________________________ Mumbai **/Calcutta/Delhi/Chennai or at the
Industrial Development Bank of India, Mumbai **/Calcutta/Delhi/Chennai.
++___________________________________________________________________________
* Here give the amount of the bill in figures
** Omit which is not applicable
@@ Here give the amount in words
The Purchaser should sign here.

 Here give the name and address of the purchaser or his banker as the case may be.
+ Here give the name of the discounting bank.
++ The purchaser or purchaser's banker should sign here as the case may be.

LDOC 122 (122)

Specimen of a Bill ( in the case of a sale of machinery by an authorised selling agent/ distributor for the
manufacturer) drawn by the purchaser, which carries the acceptance of the Purchaser's Bank
/TO BE STAMPED APPROPRIATELY/
No.______________
Place :
Date :
Rs. *____________________
________________ days **/months/year after date (inclusive of days of grace) pay to the ***
____________________________________ authorised selling agents/distributors for @
______________________________________________________ or Order the sum of Rupees @@
________________________ inclusive of interest at _______________ % per annum for value received..
To _____________
_____________
_______________
Accepted payable at + ____________________________________Mumbai **/Calcutta/Delhi/Chennai or at the
Industrial Development Bank of India, Mumbai **/Calcutta/Delhi/Chennai
++__________________________________________________________________________
* Here give the amount of the bill in figures
** Omit which is not applicable
*** Here mention the name of the seller.
@ Here give the name of the manufacturer.
@@ Here give the amount in words.
The Purchaser should sign here.
Here mention the name and address of the purchaser's bank.
+ Here give the name of the discounting bank.
++ The purchaser's bank should sign here.
LDOC 123 (123)
Specimen of a Promissory note to be executed by the purchaSer in the case of a sale by machinery manufacturer/
Design Engineering concern.
/TO BE STAMPED APPROPRIATELY/
No.______________
Place :
Date :
Rs. *____________________
____________ days **/months/years after date (inclusive of days of grace) We @ + _________
__________________________ promise to pay at + _________________________________Mumbai
**/Calcutta/Delhi/Chennai or at the Industrial Development Bank of India, Mumbai**/ Calcutta/ Delhi/Chennai to
@ _____________________________________ or Order the sum of Rupees @@
___________________________________________ inclusive of interest at ________________ % per annum for
value received.
________________
Note : Ad valorem is payable on this document
__________________________________________________________________________
* Here give the amount of the promissory note in figures.

** Omit which is not applicable

@ + Here give the name of the purchaser.
+ Here give the name of the discounting bank.
@ Here give the name of the machinery manufacturer or the design engineering concern, as the case may be.
@@ Give the amount in words here.
the purchaser should sign here.
LDOC 124 (124)
Specimen of a promissory note to be executed by the purchaser in the case of a sale by authorised selling agent/
distributor of machinery manufacturer.
/TO BE STAMPED APPROPRIATELY/
No.______________
Place :
Date :
Rs. *____________________
________________ days **/months/years after date (inclusive of days of grace ) we @ + __ __________________
promise to pay at + ___________________________________ (Place) or at the Industrial Development Bank of
India, ________________________________ (Place) to *** ______________________________________
authorised selling agents/distributors for @ __________________________________ or Order the sum of Rupees
@@ ___________________________ inclusive of interest at ________________ % perannum for value received.
________________
___________________________________________________________________________________
* Here give the amount of the promissory note in figures.
@ + Here give the name of the purchaser
+ Here give the name of the discounting bank
*** Here give the name of the seller.
@ Here give the name of the manufacturer of machinery
LDoc 125 (125)
Specimen of the Certificate to be furnished by machinery manufacTUrer.
(NOT TO BE STAMPED)
Industiral Development Bank of India,. Place :
Mumbai**/Calcutta/Delhi/Chennai. Date:
Dear Sir,
We hereby certify that the undernoted bills **/promissory notes arose out of bonafide commercial or trade
transaction(s) relating to our sales of indigenous @ *________________ machinery manufactured by us and sold on
deferred payment basis, and have been drawn by an industrial concern as defined in Section 2(c) of the Industrial
Development Bank of India, Act, 1964.
We also confirm that in the case of + ________________ availing itself of rediscounting facility from the Industrial
Development Bank of India (IDBI) in respect of the aforesaid bills **/promissory notes, IDBI will be under no
obligation to present the bills **/promissory notes for payment on due dates and not with standing the nonpresentation, we will remain liable on the said bills **/promissory notes. A certified copy of the relevant
authorisation for waiving the presentation is enclosed**/has already been forwarded to you.
We further certify that
(a)++ we have paid in full for machinery purchased from third parties which forms complete section(s) of the
equipment/plant under sale
or
(b) ++ the stipulation at (a) above does not apply to machinery/equipment under sale.
Address of factory :
Nature of Industry : $
Yours faithfully,
@@@________________
Sr. Date of bill**/ Name & Address of Amt. of bill*/ Usance Name of
No. promissory notes drawer**/maker Promissory note endorsee
Rs.
________________
Total Rs.________________

**Omit which is not applicable.

@*Here give the name of Industry (e.g. Textile, Sugar, Engg. Etc.)
+Here give the name of the discounting bank
++Indicate by (3) whichever is applicable
$indicate here one of the following : Transport equipment, electrical equipment, other equipments,
@@@A duly authorised official of the seller should sign here.
LDOC 126 (126)
Specimen of the certificate to be furnished
by design engineering concern.
(NOT TO BE STAMPED)
Industrial Development Bank of India, Place :
Mumbai**/Calcutta/Delhi/Chennai. Date :
Dear Sirs,
We hereby certify that the undernoted bills**/promissory notes arose out of bona fide commercial or trade
transaction(s) relating to our sales of indigenous @* ________________ machinery got manufactured according to
our designs/specifications under our supervision and sold under own name and with our own guarantee on deferred
payment basis, and have been drawn by an industrial concern as defined in Section 2(c) of the Industrial
Development Bank of India Act, 1964.
We also confirm that in the case of + ________________availing itself of rediscounting facility from the Industrial
Development Bank of India (IDBI) in respect of the aforesaid bills **/promissory notes, IDBI will be under no
obligation to present the bills**/promissory notes for payment on due dates and notwithstanding the nonpresentation, we will remain liable on the said bills **/promissory notes. A certified copy of relevant authorisation
for waiving the presentation is enclosed **/ has already been forwarded you.
We further certify that
a)++ we have paid in full for machinery puchased/got fabricated from third parties which forms complete section(s)
of the equipment/plant under sale.
or
(b)++ the stipulation at (a) above does not apply to machinery/equipment under sale.
Yours faithfully,
@@@ ________________
List of bills **/promissory notes.
Sr. Date of bill**/ Name & Address of Amt. of bill*/ Usance Name of
No. promissory notes drawer**/maker Promissory note endorsee
Rs.
__________________________________________________________________________________
Total Rs.________________
** Omit which is not applicable
@*Here give the name of the Industry (e.g. Textile, Sugar, Engg. etc )
+ Here give the name of the discounting bank.
++ Indicate by (3) whichever is applicable
@@@ A duly authorised official of the seller should sign here.
LDOC 127 (127)
Specimen of the certificate to be furnished by authorised selling agent/distributors as seller of machinery.
(NOT TO BE STAMPED)
Industrial Development Bank of India, Place :
Mumbai**/Calcutta/Delhi/Chennai. Date :
Dear Sirs,
We here certify that the undernoted bills**/promissory notes arose out of bonafide commercial or trade
transaction(s) relating to our sales of indigenous @* ________________ machinery manufactured by @
________________ for which we are the authorised selling agent**/distributors, on deferred payment basis, and
have been drawn by an industrial concern as defined in section 2(c) of the Industrial Development Bank of India
Act, 1964.
We also certify that we have paid a sum of Rs./ + __________________________ (Rupees +
+____________________________________________) on @@__________________ to @ _____________ in
respect of Machinery covered by the under noted bills **/promissory notes and thus we have paid @

________________in full the cost of machinery before its sale to ___________________________ on $

________________.
We also confirm that in the case of +++ ________________ availing itself of rediscounting facility from the
Industrial Development Bank of India (IDBI) in respect of the aforesaid bills**/promissory notes, IDBI will be
under no obligation to present the bills **/promissory notes for payment on due dates and notwithstanding the nonpresentation, we will remain liable on the said bills**/promissory notes.
A certified copy of the relevant authorisation for waiving the presentation is enclosed **/has already been forwarded
to you.
Yours faithfully,
@@@ ________________
List of bills **/promissory notes.
List of bills **/promissory notes.
Sr. Date of bill**/ Name & Address of Amt. of bill*/ Usance Name of
No. promissory notes drawer**/maker Promissory note endorsee
Rs.
__________________________________________________________________________________
Total Rs.________________
** Omit which is not applicable.
@* Here give the name of the industry (e.g. textile, sugar engg. Etc.)
@ Here give the name of the manufacturer.
+ Here give the amount in figures.
++ Here give the amount in words.
@@ Here give the date of payment made to the manufacturer.
Here give the name of purchaser.
$ Here give the date of dispatch of machinery.
+++ Here give the name of the discounting bank.
@@@ A duly authorized official of the seller should sign here.

LDOC 128 (128)

SPECIMEN OF THE CERTIFICATE FROM THE MACHINERY MANUFACTURER TO BE FURNISHED IN
CASES OF SALES BY AUTHORIZED SELLING AGENT/DISTRIBUTOR.
(NOT TO BE STAMPED)
Place :
Date :
This is to certify that the undernoted items of machinery have been manufactured and sold by us to *
______________________ our authorised selling agents**/distributors for a sum of Rs.*__________________
(Rupees@@ _____________________________________________only) which said sum has been received by us
in full from the said selling agents**/distributors on ++_______ .
The selling price which the selling agent/distributor is authorised to charge his customers is
+Rs.___________________ per __________________ .
Address of factory : +++ ___________________
Nature of industry : $
We confirm that Shri + _________________________________________________ is authorised to sign the
above certificate on behalf of @ _________________. His signature has been verified by us.
_________________________
Place :
Date : .
* Here give the name of the authorised selling agent or distributor as the case may be.
** Omit which is not applicable.
* Here give the amount in figures.
@@ Here give the amounts in words.
++ Here give the date of receipt of payment by the manufacturer.

+ Here indicate the price per unit of machinery sold.

+++ A duly authorised official of the manufacturer should sign here.
$ Indicate here one of the following : Transport equipment, electrical equipment, other equipment.
+ Here give the name of the above mentioned duly authorised official of the manufacturer.
@ Here give the name of the manufacturer.
The manufacturer's bank should sign here.
LDOC 129 (129)
SPECIMEN OF THE CERTIFICATE TO BE
FURNISHED BY PURCHASER OF MACHINERY
(To be furnished on the letter head of the purchaser).
(NOT TO BE STAMPED)
Place :
Date :
The Industrial Development Bank of India,
Mumbai/Calcutta/Delhi/Chennai.
We certify that in connection with our purchase of indigenous machinery we have not since the 1st October
_______________ @ to this date drawn or accepted (either ourselves or through any bank or other financial
institution) usance bills of exchange or made promissory notes (inclusive of bills of exchange**/Promissory notes
listed below) in excess of Rs. 50* lakhs under the Bills rediscounting Scheme of the Industrial Development Bank of
India.
2. We further certify that the machinery covered by the Bills**/promissory notes listed below is not required for
implementation of a new project. We undertake not to draw or accept bills of exchange or make promissory notes in
excess of Rs. 50 lakhs in aggregate, under the above Scheme, during the limit year 1st October ______________ to
30th September ______________ .
3. The machinery covered by the Bills**/promissory notes listed below is required for implementation or our new
project at + ________________________ for manufacture of ++ __________________________ We certify that in
connection with our purchases of indigenous machinery for the new project, we have not, to this date, drawn or
accepted (either ourselves or through any bank or other financial institution) usance bills of exchange or made
promissory notes (inclusive of bills of exchange**/promissory notes listed below) in excess of Rs.50 lakhs under the
Bills Rediscounting Scheme of the Industrial Development Bank of India. We undertake not to draw or accept bills
of exchange or make promissory notes in excess of Rs. 50 lakhs in aggregate, under the above Scheme, in respect of
machinery/capital equipment required for the implementation of the said new project.
4. We further certify that the machinery covered by the bills of exchange**/promissory notes listed below is
required for our own use*. We hereby authorise the Industrial Development Bank of India to inspect/verify the
relative machinery at any time at its discretion either before or after the rediscounting of the undernoted
bill(s)**/Promissory Note(s). We also undertake not to sell or otherwise dispose of the said machinery so, long as
the bill(s)/promissory note(s) remain(s) unpaid by us.
The address(es) of our factory and registered administrative office(s) are given below.
List of bills **/promissory notes enclosed.
Sr. Date of bill**/ Name & Address of Usance Amt. of bill*/
No. promissory notes drawer**/maker Promissory note

Rs. _________________
__________________________________________________________________________________
Address of the factory :
Address of registered/administrative Office :
Address of the factory :
Address of registered /Administrative office :
Nature of industry
(Signature of the purchaser)
We certify that Shri _______________________________________ is authorised to sign the above certificate on
behalf of @/ __________________________________________ . His signature has been verified by us.

Place :
Date : /-/- _____________________
** Omit which is not applicable. @+ Covers the current limit year October-September Rs.200 lakhs in case of a
Electricity Board. For the purpose of the ceiling of Rs. 50 lakhs all units carrying on business under the same name
are treated as one purchaser. + Here give the name of the place where the project is located as also the name of state
within which the place falls. ++ Here give the name(s) of the principal product(s) to be manufactured. * Except in
the case of agricultural machinery purchased by dealers/distributors and other machinery for export against
allotment of equity to Indians in companies abroad. Here give the name of the purchaser's official signing the
certificate. @/- Here give the name of the purchaser. /-/- Authorised official of purchaser's bank should sign here.
N.B. Paragraph 2 of the certificate is applicable to existing units while paragraph 3 applies to new projects. One of
the two paragraphs should be omitted depending on the circumstances of the case.

LDOC 130 (130)

SPECIMEN OF RESOLUTION TO BE PASSED BY THE BOARD OF DIRECTORS OF THE PAYEE
COMPANY VIZ. SELLERS OF MACHINERY AVAILING OF FACILITIES UNDER THE SCHEME.
(NOT TO BE STAMPED)
"RESOLVED (1) THAT the Company do avail of facilities under the Bills Rediscounting Scheme for financing
sales of indigenous machinery of the Industrial Development Bank of India (IDBI), as amended from time to time.
(2) That the following officials of the Company namely:
(1)Shri____________________________(2)Shri_______________________________________
(3) Shri___________________________and (4)Shri_____________________________________
be and are hereby authorised jointly and severally to discount bills of exchange and/or promissory notes on behalf of
the Company, and also to draw, make, accept, endorse or otherwise negotiate bills of exchange and/or promissory
notes on behalf of the Company, waive their presentation on due dates, and to sign and deliver on behalf of and in
the name of the Company such agreements,certificates, statements, undertakings, declarations, receipts, deeds,
instruments and other writings whatsoever as may be required either by IDBI or by the Company's bankers or any
other person in connection with the availing of such facilities and generally to do on behalf of the Company such
other acts, deeds and things as may be necessary for availing of such facilities."

LDOC-131 (131)
SPECIMEN OF
RESOLUTION TO BE OBTAINED FROM LIMITED
COMPANIES FOR TRUST RECEIPT FACILITY.
(NOT TO BE STAMPED)
WHEREAS at the request of the Company, BANK NAME XXXXX have agreed to grant to the Company a Trust
Receipt facility upto a limit of Rs.________________ for delivery of goods and /or documents of title to goods
imported by the Company on the Company executing a Trust Receipt and an undertaking to redeem the Trust
Receipt within ___________________days in favour of the Bank.
AND WHEREAS the said Trust Receipt and the Undertaking to redeem the same are required to be executed by the
Company under its Common Seal which will be affixed in the presence of two of the Directors.

It is hereby RESOLVED that the Trust Receipt and the Undertaking to redeem the Trust Receipt be and is hereby
executed by affixing Common Seal of the Company in the presence of Mr.
______________________________________________ and Mr. ______________________ two directors of the
Company, who do sign the said documents and the same be countersigned by
MR.____________________________ (designation ) of the Company.
Certified to be true.
Chairman of the meeting.

LDOC-134 (134)
DRAFT UNDERTAKING
/STAMP AS ON AGREEMENT/
IN CONSIDERATION OF BANK NAME XXXXX having extended credit facilities by way of Loan/Cash
Credit/Guarantee Facilities/Temporary Overdraft/Bills Purchased/bills Discounting facilities or any other financial
accommodation to me /us I/We ____________________ (Borrower) and (1)__________________________, (2)
________________________________, (3) ______________________________, (Guarantors), I/We
____________ having my/our business place/Registered Office/Residence at
________________________________________ respectively hereby agree, undertake,authorise,assure and affirm
as follows:
1. I/We agree and undertake that for the credit facilities granted to me/us and /or availed by me/us, the Bank will be
entitled/authorised/permitted to charge and/or deduct/debit from my/our Account/s such sum or sums of money as
the Bank may stipulate, incur or bear by way of guarantee fee, refinance commission or any other levy or charge for
availing refinance under DICGC/ECGC/IDBI/NABARD/SIDBI or other Body Corporate or otherwise and payable
by the Bank to such Guarantee Organisation/s in respect of facilities extended to me/us.
2. I/We further agree, authorise, assure and confirm that in the event of any default committed by me/us in
compliance of the terms and conditions or any of them stipulated by the Bank from time to time, the Bank shall be
entitled, permitted and authorised to charge without any intimation to us additional or penal rate of interest or further
interest at such rate and in accordance with such Rules/Regulations of the Bank and/or such Rules or Regulations or
stipulations/directives/guidelines of the Reserve Bank of India on the amount due and payable by me/us to the Bank
in respect of the credit facilities/financial accommodation extended to me/us by the Bank.
3. I/We further agree, undertake, assure and confirm that in the event of the Bank obtaining any insurance cover or
cover for financial risk from an Insurance Company or any other Institution/firm/Body Corporate or otherwise over
the assets charged/hypothecated/pledged or mortgaged to the Bank or Otherwise taken possession of by the Bank on
account of or in consideration of the dues payable by me/us for the facilities extended to me/us, the Bank will be
entitled to recover the same and/or charge the same to my/our account /s without any further formalities and
intimation by the Bank of having obtained such insurance or financial risk cover and such letter informing about the
bank having taken such insurance cover would be sufficient proof thereof enabling the Bank to recover and/or
charge the same to my/our account/s.
4. I/We further agree, declare, undertake, assure and confirm that the list of my/our legal heirs with their full names
and addresses as given hereunder is to enable the Bank to take steps for recovery of its dues from any of them in the
event of my demise or of any of us/during the pendency of such credit facilities extended by the Bank to me/us
__________________________
________________________________________________________________________________
Name of the Names of His/her Relationship with the Address
Borrower/ Legal age Borrower/Guarantor
Guarantor heirs
____________________________________________________________________________________

1.
2.
3.
4.
5.
5. I/We also give hereunder particulars of immovable properties belonging to me/us which have not been charged to
the Bank as security for financial assistance granted to me/us.
___________________________________________________________________________________
Item No. Particulars of in whose Present Whether Present
Immovable name encumbrance leasehold Market
properties the property ownership value
with full stands
address (where
situate)
__________________________________________________________________________________
1.
2.
3.
4.
5.
6. I/We also undertake, agree, assure and confirm that I/We shall not transfer, dispose of, alienate, encumber or deal
with in any manner, without prior permission in writing of the Bank, of the assets, properties, tangible or intangible,
moveable or immovable as are charged or mortgaged to the Bank save in the usual course of my/our business as
provided for in documents executed in that behalf.
IN WITNESS WHEREOF I/We have set and subscribed my/our hand/s this ........ day of ..............20 .

SIGNED & DELIVERED BY THE WITHIN NAMED

1)...................................................
2)...................................................
3)...................................................
Names of
4)................................................... Borrower/
Guarantors
5)...................................................
IN THE PRESENCE OF .................................
........................................................................

LDOC - 135 (135)

DRAFT UNDERTAKING /DECLARATION (For Risk Fund)
/STAMP AS ON AGREEMENT/
In consideration of your sanctioning/having granted credit facilities by way of loans /cash credit/guarantee
facilities/temporary overdrafts/bills purchased/bills Discounting facilities or any other financial accommodation,
I/We ____________________________ (Borrower/s) do hereby agree/undertake authorise, assure and affirm as
follows :
1. I/We agree and undertake to pay to the bank 1.5 % p.a. (Or at such other rate as may be prescribed from time to
time by the bank) of the limit of the facilities sanctioned to me/us or of the outstanding dues to the bank in the
various a/cs, whichever is higher, as and by way of risk fund fee in lieu of premium towards guarantee cover under
the Deposit Insurance and Credit Guarantee Corporation Act, 1961.
2. I/We further agree and authorise the bank to debit the amount of risk fund fee payable by me/us to the bank to
my/our (specify the a/cs) account and I/we further agree that in the event of default committed by me/us in payment
of the said risk fund being debited to my/our a/c, the bank shall be entitled to treat it as secured advance and the
bank shall be entitled to charge interest on the same at the same rate as applicable to the said a/c and I/We shall be
liable to pay the same to the bank.
3. I/We further authorise the bank to recover the said risk fund fee from out of my credit balance available in any of
my/our a/cs with the bank and to appropriate the same towards the risk fund fee payable by me/us.
4. I/we lastly declare that this undertaking shall be irrevocable till all my dues are settled in full and shall be
applicable to all existing advances as well as advances to be granted by the bank to me/us from time to time.
5. I/We further declare that it is on the faith of this undertaking that Bank has agreed to advance to me/us.
This ............................. day of...................................
(Signature of the Borrower/s)

LDOC 136 GENERAL UNDERTAKING (136)

Place :
Date:

BANK NAME XXXXX,

____________________ branch
Dear Sirs,
Re : Various Credit facilities, viz.
1. Cash Credit (Hypo. of stocks & book - debts facility with a limit of Rs. _______) 2. Term Loan of Rs. _____ lacs.
3. Guarantee limit upto Rs. ________ lacs.
4. Documentary Letter of Credit upto the limit of Rs. ____ lacs.
5. ________________________________________________
WHEREAS BANK NAME XXXXX, _______________Branch, ________________ (hereinafter referred to as "the
Bank") has at our request granted to us the above mentioned, credit facilities secured inter alia by hypothecation of
stocks, book-debts, machinery, etc.
NOW IN CONSIDERATION of the Bank at our request continuing and having continued above mentioned
facilities, we_____________________Limited, agree, confirm and undertake:
1. to deal exclusively with your Bank.
2. Not to incur capital expenditure for major expansion/diversification/modernisation without Bank's written
consent.
3. To appoint you as the Manager to the issue in case the Company enters the capital market for issue of
shares/debentures.
4. To submit stock statements/quarterly statements in the stipulated time and in the prescribed manner and in case of
delay or default in submission, to pay penal rate of interest as per Reserve Bank of India/Bank's guidelines.
5. Not to allow promoters to disinvest/transfer their share holding without the consent of the Bank.
6. to execute proper documents for each type of facility as detailed in the sanction and registration of charges with
the Registrar of Companies, wherever necessary, within the stipulated time, before disbursement/release of the
sanctioned facilities.
7. To keep hypothecated security fully insured against fire and such other risks as may be required by the Bank and
to submit the respective insurance policies to the Bank.
8. To allow Bank to carry out inspection of the hypothecated securities at periodical intervals and to bear the
inspection charges and other incidental charges incurred by the Bank in connection therewith.
9. To allow Bank to charge penal interest @ _____% above the rate applicable to Cash Credit Account on the entire
outstanding in Working Capital facilities under the following circumstances :A) Default in repayment of loan installments
B) Non/delayed submission of quarterly operative statement and half yearly fund flow statement.
C) Non/Delayed submission of monthly stock/book debts statements and other financial data.
D) Excess borrowing in the cash Credit Account.
E) Default in borrowing covenants.
10. To obtain the Bank's written consent in respect of the following matters :A) Entering into any borrowing arrangements with other banks, Financial Institutions and/or any other parties.
B) Taking up a new project on large scale expansion.
C) Making investment in or giving loans to subordinates, associate concerns, individuals or other parties.
D) Effecting mergers and acquisitions.
E) Paying dividend other than out of current year's earnings after making due provisions.
F) Giving guarantee on behalf of third parties.
G) Premature repayment of loans and discharge of other liabilities.
11 . Not to create without Bank's prior written consent, charges on all or any of the assets and properties of the
Company, other than the existing/proposed charges in favour of other Financial Institution/Banks.
12. That all the monies advanced or to be advanced by the Bank under the facilities mentioned herein above shall be
utilised exclusively for the purpose set-BRANCH h in our proposal and for no other purpose and if the said
loan/advance is utilised or attempted to be utilised for any other purpose or if the Bank apprehends or has reasons to
believe that the said loan/advance is being utilised for any other purpose, the Bank shall have the right to BRANCH
hwith recall the entire or any part of the loan/advance without assigning any reason therefor.
13. That notwithstanding anything to the contrary contained in any of the documents/agreements executed/to be
executed by us as also in the Letter of Sanction by the Bank, the Bank shall be entitled to charge the contractual rate
of interest at its own discretion without any intimation to us to bring it in conformity with the rate of interest
prescribed by the Reserve Bank of India or any other eventuality such as reintroduction of Interest Tax, etc. from
time to time and the same shall be binding on us as if such change were already incorporated in the documents
executed by us.

14. That in the event of any irregularity, the Bank at it s discretion shall be entitled to charge on the entire
outstanding or any portion thereof interest at such enhanced rates as it may fix during the continuance of such
irregularity.
We understand that it is on the faith of the aforesaid representations and express undertakings that the Bank has
consented to entertain our proposal for the said facilities.
Yours faithfully,

LDOC 136(A) (136A)

LETTER OF AUTHORITY IN BANK'S FAVOUR TO DISCLOSE OR PUBLISH
NAME OF BORROWER IN CASE OF DEFAULT OF LOAN / ADVANCES
/ STAMP AS ON AGREEMENT /
BANK NAME XXXXX Place:
________________ Branch Date :
________________
Dear Sirs,
Re: Your Loan / Cash Credit/ Overdraft / Account
IN CONSIDERATION of the loan facility / advances extended to me/us by the Bank and those which you may, at
the discretion of the Bank be extended to me / us from time to time :
" I/We do hereby unconditionally and irrevocably agree as a condition of such loan / advances extended to me / us
by the Bank that in case I/we commit default in the repayment of such loan / advances or in the repayment of
interest thereon or any of the agreed installment of the loan on due date/, the bank and /or the Reserve Bank of India
will have an unqualified right to disclose or publish my / our name or the name of our company / firm/ unit and/or its
directors/ partners/ proprietors as defaulter/s in such manner and through such medium as the Bank or Reserve Bank
of India in their absolute discretion may think fit"
Yours faithfully,
()
_____________________________________________________________
NOTE :
1) Mode of Execution as illustrated in Annexure IV of Book
of Instructions Volume 9 - Bank's Publication No.20
2) To be obtained from all borrowers of our Bank
LDOC 137 (137)
Undertaking for Non- disposal of share holdings
( In case of financial assistance to Ltd. Cos.)
(UNSTAMPED)
BANK NAME XXXXX Place :
______________branch. Date:

Re : _________________________________
Dear Sirs,
In consideration of your having agreed at our request to grant to ___________________
_________________________ Ltd., (hereinafter referred to as "the Borrower") financial assistance in the form of
Rupee term loans aggregating Rs. ____ lacs, and Underwriting of _________________ Equity shares of the face
value of Rs. 10 each and _____________ Preference Shares of the face value of Rs. _________ each to be offered
for public subscription by the Borrower in connection with the Borrower's Project at ______________________
(hereinafter referred to as "the said project"). We do hereby jointly and severally undertake to you, your successors
and assigns that we shall not, without your prior approval in writing. transfer, assign, dispose of, pledge, charge or
create any lien or in any way encumber our existing or future share-holdings in the Borrower's capital in favour of
any person(s) so long as any moneys remain due by the Borrower to you in respect of the said loans or so long as
you hold any shares/debentures in the Borrower acquired as a result of the said Underwriting/Subscription or till the
said project is duly completed whichever is later.
Yours faithfully,
1.
2
3.
4.
5.
( To be signed by Directors in their personal / individual capacity )
We note the above and agree and confirm that, we shall not, without your prior approval in writing, recognise or
register any transfer of shares by the above mentioned persons in the capital of the Borrower nor shall we note any
lien in respect of such shares in favour of third parties so long as any moneys remain due by the Borrower to you in
respect of the said loans or so long as you hold any shares/debentures in the Borrower acquired as a result of the said
Underwriting/Subscription or till the said project is duly completed whichever is later.
For Limited.
Director.
Place :
Date :

LDOC-138 (138)
Undertaking - cum - Declaration
/STAMP AS ON AGREEMENT/
Place : _____________________
BANK NAME XXXXX, Date : _______________________
______________________________
______________________________
______________________________
Dear Sir,
Re : Environmental Protection.
With reference to the following credit/other facilities sanctioned by you to us, we_____________
_________________________________________ (Company's Name) hereby agree, undertake and declare as under
:-

a) We shall comply with all Central, State and local environmental laws.
b) We shall take all the measures that might be required to preclude, prevent and/or remedy any
contamination/pollution of natural air, water, etc. All the expenses/charges relating thereto, connected therewith,
and/or incidental thereto, shall be entirely borne by the Company, and the Bank shall not be approached by us for
any financial assistance/payment on account or as a consequence thereof; nor shall the Bank be held
liable/responsible for any noncompliance /lapse on our part.
c) We shall notify to the Bank BRANCH hwith on receipt by us, of any notice of potential/actual environmental
violations or enforcement proceedings and we undertake to rectify the same within three months from the date of
notice of such violations.
d) We shall make our own arrangements for funding/incurring expenses related to either environment impact
assessment or environmental audits, and shall not seek any financial assistance therefor either from you or from any
other Bank/Financial Institution.
e) We shall also comply with the requirements of submission of periodical environmental reports, progress reports,
insurance, etc. to the Authorities concerned under advice to you which advice shall be purely for/by way of
information only.
f) We hereby indemnify you and shall keep you indemnified at all times from/against any costs, damages,
compensation, etc. that might result to you from by reason of any violation committed by us of any control state and
local environment law
g) We hereby declare that as on date there is no violation of any law relating to environment protection the
following environmental problems still exist/continue with us :1. ________________________________________________________________
________________________________________________________________
2. ________________________________________________________________
________________________________________________________________
3. ________________________________________________________________
________________________________________________________________
________________________________________________________________
and we hereby undertake to rectify and set right deficiencies within a period of three months from the date hereof.
h) We do hereby declare that no past/previous liability /dispute ____________ legal, financial or other ---- is
pending against the Company.
We understand that it is on the faith of this undertaking - cum-declaration that you have agreed to sanction the above
facilities to us.
This undertaking is irrevocable till all your dues are liquidated in full and shall extent to all facilities sanctioned and
to be sanctioned in future.
Yours faithfully,
(Borrower - firm/Company)

LDOC 140 (140)

IRREVOCABLE POWER OF ATTORNEY
(in case of compromise accounts)
/TO BE STAMPED as per STATE STAMP ACT/
Place :
TO ALL TO WHOM THESE PRESENTS SHALL COME, WE, M/s. ________________________
a company incorporated in India/a sole-proprietorship/ a partnership firm having its registered /business
office at ________________ ( hereinafter referred to as the "Borrower"). AND
I/ We, Mr./Mrs./Ms/_______________________________ s/o, w/o,d/o, Shri _________________ and

______________________ resident/s of __________________ ( herein after referred to as the

"Borrower/ Guarantor/s" )
SEND GREETINGS :WHEREAS BANK NAME XXXXX (hereinafter referred to as "the Bank") had made/ granted various
types of advances from time to time to the aforesaid borrower against the security of various movable
and immovable properties of the borrower and the personal guarantee of Mr./Mrs./Miss__________ and
mr/.mrs./Miss______________.
WHEREAS the borrowers and/or the Guarantors have failed to honour/ defaulted in honouring
their repayment / payment obligations as required by the bank in terms of the loan sanction/s in force
from time to time and approached the bank with a request for a settlement by compromise, with or
without concessions, i.e. to accept a sum of Rs.______ ( In Words Rupees_______only ) in full and final
settlement of their dues to the Bank of Rs._______(amount representing the outstanding in the books of
the bank) as on ____________WHEREAS the Bank has agreed for such a compromised settlement thereby agreeing to receive/
accept an amount of Rs._____ (In Words Rupees ____________ only) with interest therein at ____%
per annum plus interest tax thereon from _____________-till final payment in full and final settlement of
the dues of the borrowers/ guarantors.
WHEREAS the borrowers/ guarantors has / have issued / deposited certain postdated cheques
(details as under ) in favour of the bank and those cheques are to be presented by the Bank or or after
the dates that they bear for due payment.
PARTICULARS OF CHEQUES : :
Cheque No Date Amount Drawer's Name

AND WHEREAS to enable the Bank to get in and realise the aforesaid postdated cheques issued
to / in favour of the Bank, the Bank has called upon the borrower/ guarantor to irrevocably appoint the
Bank as its true and lawful attorney with the several powers and authorities hereinafter contained.
NOW KNOW YE AND THESE PRESENTS WITNESS that the borrower/s / guarantor/s doth
hereby irrevocably make, ordain, constitute and appoint and in its / his / her /their place and stead as its
true and lawful attorney for and in the name and on behalf of the borrower/s / guarantor/s to do the
following acts, deeds and things :
1) To present the said cheques or those issued / tendered subsequently in substitution of some / any
of the cheques issued earlier on or after the date/s written on the face of the cheque/s and obtain due
payment thereof for appropriation towards the dues of the borrower/s / guarantor/s to the Bank, and the
Bank has in such presentation of such cheques an irrevocable agency coupled with the bank's own
interest and this authority is given under provisions of S.202 of the Indian Contract Act, 1872, by the
borrower/s / Guarantor/s irrevocably.
2) Authority as in 1 above is equally applicable and extends to cheques drawn by any other / third
party/ies in my / our favour and duly endorsed to / in favour of the Bank by me / us, such third party
cheques having ;been issued in my / our favour in repayment of debt/s due to me / us from those parties, such debts
being legally enforceable and recoverable not only as on date but they shall continue to be
legally enforceable/ recoverable even on the dates appearing on the post-dated cheques.
3) in the event of dishonour of the said third party cheques issued in my / our favour and endorsed
by me / us in favour of the Bank for any reason whatsoever the Bank shall have necessary powers to
proceed legally against such drawer/s and/or endorser and other concerned parties not only as
endorsees but also for and on any / our own behalf under any provisions of law, including under
sections 138 to 141 of negotiable Instruments Act, 1881.
4) AND GENERALLY to do, execute and perform any other act, deed, matter or thing whatsoever for

the purpose of protecting the interest of the Bank

IN WITNESS WHEREOF , I / We, ___________________ have hereunto set our hands this _____
day of __________, 20____
LDOC 141 (141)
AGREEMENT OF COMPROMISE OF LOANS / ADVANCES
/STAMP AS ON AGREEMENT /
This Agreement made at ______________ this_________ day of __________________between
_____________________(hereinafter called the Borrower) having its__________Office at _________
of the first part AND
Mr.__________________, Mr.__________________and Mr.________________each and all of them
being the director/s as also Guarantors (hereinafter called the Guarantors) for the liabilities and dues of the firm/
company towards their Bankers and BANK NAME XXXXX, a body corporate constituted under
the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, and having its Head Office
at Mandvi, Baroda and a branch Office at _________________(hereinafter called the Bank) of the
second part.
WHEREAS at the request of the firm / company, the Bank has sanctioned and granted credit facilities to
the firm/ company as per details mentioned herein against the security of immovable and movable assets of the firm/
company (borrower) and the Guarantors, viz.
Nature of facility Limit (Rs.)
1) Cash Credit (Hypn.)
2) Bills Purchase/ Bills Discounting
3) F.B.P.
4) Term Loan
----------------------------AND whereas the dues payable to the Bank by the borrower as at________amounted to Rs._______
with further interest thereon as provided for in the terms of sanction/ agreements and documents
executed by the borrower and the guarantors.
AND whereas as represented by the company the said debts due to the Bank could not be serviced
and/or paid back in due course by the Borrower / Guarantors.
AND whereas the borrower and the guarantors requested the Bank to consider grant of concessions
in repayment of liabilities due and payable by the borrower/ guarantors tot eh Bank, and the Bank
agreed to accept in repayment of Company's liabilities a sum aggregating Rs._____________against
the book dues of Rs.___________as of _________payable in installments as stated here under :
Installment Amount Date of payment
( Rs.)
together with interest @ ________% per annum subject to the terms and conditions as regards such
payment and continuation of mortgages and charges over securities and assets of the Borrower and the Guarantors as
also subject to such agreements and assurances as are hereinafter contained.
Now in consideration of the premises it is hereby agreed by and between the parties hereto as
follows :
1) The borrower and the guarantors agree to abide by the terms of settlement and payment of dues
of the Bank as per following Schedule with simple interest @ _________% per annum thereon.

Installment Amount Date of payment

(Rs.)
2) The borrower and the Guarantors agree that in the event of default in payment of anyone / two of
the installments as specified above, the entire dues of the Bank being Rs._______________shall stand
revived and the settlement herein shall stand nullified and revoked with liberty in favour of the Bank to
enforce all the dues as per original terms of loans and repayment thereof.
3) The borrower and the Guarantors also agree that pending realisation of dues in terms of this
settlement as herein provided, the mortgage and charges created over immovable and movable
properties of the Borrower in favour of the Bank and shall continue to be the security for the dues of the
Bank till final payment in terms hereof.
4) The Bank agrees to accept that on payment of Rs.__________with interest as provided for herein, all the dues of
the borrower and the Guarantors shall stand satisfied in respect of the credit facilities
availed by the Borrower from the _________________branch of the Bank.
5) The Borrower and the Guarantors also agree to keep intact the coverage of securities as specified in the deeds and
documents executed in favour of the Bank and to provide for additional or other
securities if the present security coverage is found insufficient by the Bank at any stage hereafter. The
borrower and the guarantors also agree to abide by the terms and conditions as stipulated by the bank in the letters of
sanction and documents executed in respect of the said credit facilities pending relating to
inspection of securities,insurance coverage, safe keeping of the goods and properties mortgaged and/or
charged with the Bank during the currency of this Agreement.
6) The Borrower and Guarantors also authorise the bank, through their officials, to exercise all and
every power/s as may be deemed requisite from each of them or from any third parties who owes any
sum or sums to the borrower/s and the Guarantor/s and the Bank shall be entitled to collect such
amounts directly in satisfaction of its dues.
in witness whereof the parties have executed and these presents on the day, month and year
herein above written.
SIGNED, SEALED & DELIVERED BY THE
WITHIN NAMED M/S. )
)
)

IN THE PRESENCE OF ` )
1)
2)
SIGNED AND DELIVERED BY THE WITHIN )
NAMED GUARANTORS :
1.
2.
3.
Signed and Delivered by the within named Bank of )

Baroda by the name of its constituted attorney )

Mr. )

close window

LDOC 33 (33)
General Form of Guarantee
/STAMP AS ON AGREEMENT plus POWER OF ATTORNEY/
BANK NAME XXXXX, Place : _________________
________________ branch Date : __________________
In consideration of BANK NAME XXXXX (hereinafter called the Bank) giving credit or accommodation or
granting facilities to _______________________________________ by making/opening /continuing a
Loan/Overdraft/Cash Credit account or by discounting purchasing and/or negotiating bills with or without security
and /or in consideration of the Bank opening and giving Letters of Credit and/or trust receipt facilities in favour of
_________________________________________________________________ on terms and conditions that may
be settled between you and the said
_________________________________________________________________________________________
_______________________________ at any time or from time to time without reference to me/us, I/We.
____________________________________________________________________ jointly and severally hereby
agree with and guarantee to you the due payment and discharge on demand of all amounts due and payable to you
by ____________________________________________(herein after called The "Principal") at any time and also
of all bills, promissory notes or guarantees held by the Bank bearing the Principal's signature in respect of the said
facilites together with interest, banking and other charges and expenses that the Bank may in course of its business
charge against the Principal together with all relative interest, charges, cost, (as between attorney, advocate, and
client) and expenses Provided Nevertheless that our liability under this Guarantee shall not exceed in the whole the
sum of Rupees ________________ apart from and in addition to all interest, Banking, Law and other costs,
expenses above-referred-to.
For the consideration aforesaid I/We jointly and severally further agree as follow :
1. This guarantee shall be continuing security binding me/us and my/our personal representative until the expiration
of three calendar months from the receipt by the Bank of a notice in writing to discontinue in and notwithstanding
the discontinuance by or any release or granting of time or indulgence to any one or more of us this Guarantee shall
remain a continuing security as to the others and if discontinued by notice this Guarantee shall nevertheless as to the
party or parties giving such notice continue to be available (subject to the aforesaid limit of total amount) for and
shall extend to all indebtedness and liabilities of the Principal to you at the date of receipt of such notice whether
then certain or contingent and whether then payable BRANCH hwith or at some future time or times and also for
and to all credits then established by you for the Principal and for and to all credit facilities granted and to all
cheques, drafts, bills, notes and negotiable instruments drawn by or for the account of Principal on you and dated or
purporting to be dated on or before such date although presented to or paid by you after such date and all guarantees
signed by the Principal and delivered to you on or before such date and that in the event of my/or any of us dying or
becoming under disability the liability of the executors, administrators or legal representative of such person so
dying and of his estate shall continue until the expiration of three calendar months from the receipt by the Bank of a
written notice given by such legal representative (or the survivors or survivor of me/us) to determine this guarantee.
You shall be at liberty on receipt of any such notice as contemplated in this clause at any time within the three
calendar months to open a fresh account and/or to grant fresh facilities to the Principal and to appropriate thereto all
payments subsequently made to you by the principal and not expressly appropriated to the old account without
prejudice to my/our estates liability to the extent aforesaid. I/We shall not be released from my/our liability in
respect of the B.P. limit of Rs. _____________ covered by this guarantee in the event of any omission delay or
default in presentation of bill or in the issue of notices of dishonour on the part of the Bank.
2. The Guarantee is additional and without prejudice to any securities or obligation which you may now or hereafter
have from us, from the Principal or from any one else in respect of any indebtedness or liabilities hereby guaranteed
and all rights and remedies in respect thereof are reserved.
3. This Guarantee shall be a continuing guarantee and shall not be considered as wholly or partially satisfied or
exhausted by any payments from time to time made to the Bank or any settlement of any account or by reason of the
account being brought to a credit at any time or from time to time or its being drawn upto the full extent or
exceeding the full extent of the limit from time to time and its being reduced or extinguished and thereafter re-

opened. The Guarantee shall continue in force notwithstanding the discharge of the Principal by operation of law or
my death or of any one of us and shall cease only on payment of the amount guaranteed hereunder either by me or
any of us.
4. I/We expressly agree that the Bank shall have full discretionary power, without my/our further assent or
knowledge and without discharging or in any way affecting my/our liability under this guarantee from time to time
AND at any time to negotiate with the Principal and settle and or alter the terms and conditions, to promise, to grant
time or indulgence to or not to sue the Principal or any person liable with or for Principal, whether as guarantor or
otherwise or make any other arrangement with the Principal or any persons so liable with or for the Principal as the
Bank may think fit and to hold over, renew, vary, exchange or release in whole or in part and from time to time any
securities held or to be held by the Bank for or on account of the moneys and liabilities intended to be hereby
secured or any part thereof. I/We also agree that I/We shall not be discharged from my/our liability by your
releasing the Principal debtor or by any act or omission of yours the legal consequence of which may be to discharge
the Principal debtor or by any act of yours which would, but for this present provision, be inconsistent with my/our
rights as surety or by your omission to do any act, which but for this present provision your duty to me/us would
have required you to do. We hereby consent to each and every of the acts mentioned above as you may think fit.
Moreover though as between the Principal debtor and me/us I am/We are sureties only, I/We agree that as between
yourselves and me/us, I/am/We are Principal debtor(s) jointly with him and accordingly I/We shall not be entitled to
any of the rights conferred on sureties by Sections 133, 134, 135, 139 and 141 of the Indian Contract Act. And we
further expressly agree that the Bank shall also have discretionary power without my/our further assent or
knowledge or without discharging or in any way affecting my/our liability under the Guarantee from time to time
and at any time to agree to the variations of the terms and conditions of any Letter of Credit that has been and/or
may be opened for the benefit of the Principal to convert a documentary Letter of Credit into clean or open Letter of
Credit and vice versa, to convert a revocable Letter of Credit into irrevocable one and vice versa, to vary or alter the
other terms, as to the nature and amount of credit, war risk, as regards the conditions of advance, the nature of the
documents to be tendered, the names of the beneficiaries, the nature, quality, quantity of goods, the country of origin
and the conditions regarding port of shipment, certificates of country of origin, nature, quality, quantity, weight or
otherwise, the terms of shipment such as F. O. B. / CIF C/FA. S/C. I.F. / C & F as regards shipments by installments
or to convert a contract for shipment by installment into shipment into one lot, the terms of draft as to insurance and
the terms thereof, the terms regarding payment and to part with the shipping documents and/or goods covered by
such shipping documents negotiated under the said Letter of Credit or a Trust Receipt of the principal or otherwise,
and other conditions as may be comprised in the Letter of Credit within the limit of Rs.
__________________________________ referred to in cl. 1 hereof and to release or vary any security granted
therefor and for the purpose aforesaid to settle and or alter the terms and conditions to grant time or indulgence to
Principal or any person liable with or for the Principal whether as Guarantor or otherwise or compound or make any
other arrangement with the Principal or any other person so liable with or for the Principal as the Bank may think fit
and to hold over, renew, vary, exchange or release in whole or in part and from time to time any securities held or to
be held by the Bank for/or on account of the moneys and liabilities intended to be secured hereby or any part
thereof. And for all purposes of this claim the Principal is empowered to give consent on my/our behalf and any
consent given by the Principal shall be deemed to have been given by me/us and shall bind me/us in all respects as if
the same had been expressly given by me/us in writing. The Principal is also hereby empowered to acknowledge the
debt/s and/or security/ies for and on behalf of me/us and the said acknowledgment and/or the security/ies shall be
valid as against me/us as though they were executed by me/ourselves.
5. The Bank may recover against me/us to the extent herein before mentioned notwithstanding that the principal or
his agents, partners, directors or officers may have exceeded his or their powers or that the arrangements with the
Bank may have been ultra vires and without being bound to enforce its claim against the Principal or any other
person or other security held by the Bank. The Bank shall not be bound to inquire into powers of the Principle or his
agents or partners, directors or officers purporting to act on behalf of the Principal and all moneys dues or liabilities
incurred shall be deemed to form part of the present guarantee notwithstanding that the Principal or his agents,
partners, directors and officers may have exceeded his or their power or the arrangement with the Bank may have
been ultra vires.
6. I/We waive in the Bank's favour all or any of my/our rights against the Bank or the Principal as may be necessary
to give effect to any of the provisions of this guarantee.
7. I/We declare that I/We have not received any security from the Principal for the giving of this guarantee and I/We
agree that I/We will not so long as any moneys remain owing by the Principal to the Bank or any liability incurred
by the Bank remains outstanding, take any security in respect of my/our liability hereunder without first obtaining
the Bank's written consent and I/We agree that in the event of my/our taking any such security amount for which

I/We am/are to be liable under this guarantee shall be increased by the amount by which dividends payable by the
Principal to you on a winding up is thereby diminished. I/We have not received any consideration by way of
Commission or otherwise for giving this guarantee; nor shall I/We receive any consideration for my/our standing as
Guarantor/s to the Facility/ies above mentioned.
8. I/We further agree that in respect of my/our liability hereunder the Bank shall have a lien on all securities
belonging to me/us now or hereafter held by the Bank and all moneys now or hereafter standing to my/our credit
with the Bank on my current or any other account.
9. And this guarantee shall be applicable to the ultimate balance that may become due to the Bank from the Principal
and until repayment of such balance the Bank shall be entitled to retain, realize, or otherwise dispose of in such
manner as the Bank may think fit any securities now or hereafter held by the Bank and without any liability to
account to me/us for my/our any portion of such securities or of the proceeds thereof until all your claims have been
fully satisfied, and in the meantime I/We will not take any steps to enforce any right or claim against the Principal in
respect of any moneys paid by me/us to the Bank hereunder. And, further that if Bank should receive payment from
the Principal or any person on behalf of the Principal or from any security held by the Bank, or if the Principal shall
become insolvent or go into liquidation or compound with his creditors, the Bank shall be at liberty without
discharging my/our liability to make or assent to any compromises, compositions or arrangements or to prove and to
rank as creditor in respect of the amount claim able by the Bank or any items thereof, and to receive dividends
thereupon and all such payments and dividends received shall be treated as payments in gross and my/our liability
shall extend to the ultimate balance after deducting such payments and to the entire exclusion and surrender of all
my/our rights as sureties in competition with the Bank any rule of law or equity to the contrary notwithstanding.
And I/We shall not be paying off the sum guaranteed or any part thereof or upon any ground, proven or claim to
prove in respect of the sum guaranteed or any part thereof or take advantage of any securities held by the Bank until
the whole of your claim against the Principal has been satisfied.
10. A demand in writing shall be deemed to have been duly given to me/us or my/our heirs or assigns by leaving the
same at my/our last known address hereunder written and shall be effectual notwithstanding any change of address
or notwithstanding notice thereof to the Bank, and such demand if sent by post shall be deemed to be received by
me/us or my/our heirs, assigns 24 hours after posting thereof and shall be sufficient if signed by any officer of the
Bank and in proving such service it shall be sufficient to prove that the letter containing the demand was properly
addressed and put into the Post.
11. In the event of this guarantee being determined either by notice by me/us or by demand in writing by the Bank, it
shall be lawful for the Bank to continue the account of the Principal notwithstanding such determination and my/our
liability or for the moneys advanced or paid or agreed to be advanced or paid and liabilities or obligations incurred
by the Bank at the date when the guarantee is so determined shall remain notwithstanding any subsequent payment
or out of the cash credit account by or on behalf of the Principal upto the limit aforesaid.
12. The Guarantee shall not affect or be affected by any other or further securities taken or held by you or by any
loss by you of any collateral or other security nor by your failing to recover by the realisation of collateral securities
or otherwise any such sum or sums due from the Principal or any other person, or any laches on your part, nor shall
you be responsible to me/us for any such loss or laches.
13. Any account settled or stated between you and the Principal or admitted by the Principal shall be accepted by
me/us as conclusive evidence. A certificate in writing signed by any officer of the Bank stating the amount at any
particular time payable under this guarantee shall be conclusive evidence against me/us.
14. This guarantee shall be enforceable notwithstanding any change in the name of the Bank and it shall enure for
the benefit of any banking company with which the Bank may become amalgamated or to which the Bank shall
assign it.
15. Should the Principal be a limited company, corporate or unincorporated body, committee, firm, partnership,
trustees or debtors on a joint account, the provisions herein before contained shall be construed and take effect
where necessary as if words importing the singular number included, also the plural number. This guarantee shall
remain effective notwithstanding any death, retirement, change, accession, or addition, as fully as if the person or
persons constituting or trading or acting as such body, committee, firm, partnership, trustees or debtor on joint
account at the date of the Principal's default or at any time previously was or were the same as the date hereof.
In the event of there being more than one guarantor the liability of the remaining guarantors shall not be affected or
released or given up by time or other indulgence to one or more of the guarantors nor by the death of any one or
more of the guarantors until notice shall have been given to the Bank as provided in Clause 1 hereof.
The Bank shall be entitled to fix with the Principal a period for such loan, Overdraft/Cash-Credit account facility
and to alter to extend such a period from time to time. The Bank shall be entitled from time to time to take renewals
of hundies, promissory notes or other documents and securities from the Principal. The Bank shall be entitled to take

one hundi or promissory note or other documents for the whole amount hereby guaranteed or to split up the amount
and take separate documents for each part and take any such documents from the Principal alone or from the
Principal and other persons whose identity may vary from time to time. My/Our liability under this Guarantee shall
not be discharged or affected in any way by reason of any such or similar acts or dealings.
Name & Address Signature(s) of the Guarantor(s)

LDOC 33 (33)
General Form of Guarantee
/STAMP AS ON AGREEMENT plus POWER OF ATTORNEY/
BANK NAME XXXXX, Place : _________________
________________ branch Date : __________________
In consideration of BANK NAME XXXXX (hereinafter called the Bank) giving credit or accommodation or
granting facilities to _______________________________________ by making/opening /continuing a
Loan/Overdraft/Cash Credit account or by discounting purchasing and/or negotiating bills with or without security
and /or in consideration of the Bank opening and giving Letters of Credit and/or trust receipt facilities in favour of
_________________________________________________________________ on terms and conditions that may
be settled between you and the said
_________________________________________________________________________________________
_______________________________ at any time or from time to time without reference to me/us, I/We.
____________________________________________________________________ jointly and severally hereby
agree with and guarantee to you the due payment and discharge on demand of all amounts due and payable to you
by ____________________________________________(herein after called The "Principal") at any time and also
of all bills, promissory notes or guarantees held by the Bank bearing the Principal's signature in respect of the said
facilites together with interest, banking and other charges and expenses that the Bank may in course of its business
charge against the Principal together with all relative interest, charges, cost, (as between attorney, advocate, and
client) and expenses Provided Nevertheless that our liability under this Guarantee shall not exceed in the whole the
sum of Rupees ________________ apart from and in addition to all interest, Banking, Law and other costs,
expenses above-referred-to.
For the consideration aforesaid I/We jointly and severally further agree as follow :
1. This guarantee shall be continuing security binding me/us and my/our personal representative until the expiration
of three calendar months from the receipt by the Bank of a notice in writing to discontinue in and notwithstanding
the discontinuance by or any release or granting of time or indulgence to any one or more of us this Guarantee shall
remain a continuing security as to the others and if discontinued by notice this Guarantee shall nevertheless as to the
party or parties giving such notice continue to be available (subject to the aforesaid limit of total amount) for and
shall extend to all indebtedness and liabilities of the Principal to you at the date of receipt of such notice whether
then certain or contingent and whether then payable BRANCH hwith or at some future time or times and also for
and to all credits then established by you for the Principal and for and to all credit facilities granted and to all
cheques, drafts, bills, notes and negotiable instruments drawn by or for the account of Principal on you and dated or
purporting to be dated on or before such date although presented to or paid by you after such date and all guarantees
signed by the Principal and delivered to you on or before such date and that in the event of my/or any of us dying or
becoming under disability the liability of the executors, administrators or legal representative of such person so
dying and of his estate shall continue until the expiration of three calendar months from the receipt by the Bank of a
written notice given by such legal representative (or the survivors or survivor of me/us) to determine this guarantee.
You shall be at liberty on receipt of any such notice as contemplated in this clause at any time within the three
calendar months to open a fresh account and/or to grant fresh facilities to the Principal and to appropriate thereto all
payments subsequently made to you by the principal and not expressly appropriated to the old account without
prejudice to my/our estates liability to the extent aforesaid. I/We shall not be released from my/our liability in
respect of the B.P. limit of Rs. _____________ covered by this guarantee in the event of any omission delay or
default in presentation of bill or in the issue of notices of dishonour on the part of the Bank.

2. The Guarantee is additional and without prejudice to any securities or obligation which you may now or hereafter
have from us, from the Principal or from any one else in respect of any indebtedness or liabilities hereby guaranteed
and all rights and remedies in respect thereof are reserved.
3. This Guarantee shall be a continuing guarantee and shall not be considered as wholly or partially satisfied or
exhausted by any payments from time to time made to the Bank or any settlement of any account or by reason of the
account being brought to a credit at any time or from time to time or its being drawn upto the full extent or
exceeding the full extent of the limit from time to time and its being reduced or extinguished and thereafter reopened. The Guarantee shall continue in force notwithstanding the discharge of the Principal by operation of law or
my death or of any one of us and shall cease only on payment of the amount guaranteed hereunder either by me or
any of us.
4. I/We expressly agree that the Bank shall have full discretionary power, without my/our further assent or
knowledge and without discharging or in any way affecting my/our liability under this guarantee from time to time
AND at any time to negotiate with the Principal and settle and or alter the terms and conditions, to promise, to grant
time or indulgence to or not to sue the Principal or any person liable with or for Principal, whether as guarantor or
otherwise or make any other arrangement with the Principal or any persons so liable with or for the Principal as the
Bank may think fit and to hold over, renew, vary, exchange or release in whole or in part and from time to time any
securities held or to be held by the Bank for or on account of the moneys and liabilities intended to be hereby
secured or any part thereof. I/We also agree that I/We shall not be discharged from my/our liability by your
releasing the Principal debtor or by any act or omission of yours the legal consequence of which may be to discharge
the Principal debtor or by any act of yours which would, but for this present provision, be inconsistent with my/our
rights as surety or by your omission to do any act, which but for this present provision your duty to me/us would
have required you to do. We hereby consent to each and every of the acts mentioned above as you may think fit.
Moreover though as between the Principal debtor and me/us I am/We are sureties only, I/We agree that as between
yourselves and me/us, I/am/We are Principal debtor(s) jointly with him and accordingly I/We shall not be entitled to
any of the rights conferred on sureties by Sections 133, 134, 135, 139 and 141 of the Indian Contract Act. And we
further expressly agree that the Bank shall also have discretionary power without my/our further assent or
knowledge or without discharging or in any way affecting my/our liability under the Guarantee from time to time
and at any time to agree to the variations of the terms and conditions of any Letter of Credit that has been and/or
may be opened for the benefit of the Principal to convert a documentary Letter of Credit into clean or open Letter of
Credit and vice versa, to convert a revocable Letter of Credit into irrevocable one and vice versa, to vary or alter the
other terms, as to the nature and amount of credit, war risk, as regards the conditions of advance, the nature of the
documents to be tendered, the names of the beneficiaries, the nature, quality, quantity of goods, the country of origin
and the conditions regarding port of shipment, certificates of country of origin, nature, quality, quantity, weight or
otherwise, the terms of shipment such as F. O. B. / CIF C/FA. S/C. I.F. / C & F as regards shipments by installments
or to convert a contract for shipment by installment into shipment into one lot, the terms of draft as to insurance and
the terms thereof, the terms regarding payment and to part with the shipping documents and/or goods covered by
such shipping documents negotiated under the said Letter of Credit or a Trust Receipt of the principal or otherwise,
and other conditions as may be comprised in the Letter of Credit within the limit of Rs.
__________________________________ referred to in cl. 1 hereof and to release or vary any security granted
therefor and for the purpose aforesaid to settle and or alter the terms and conditions to grant time or indulgence to
Principal or any person liable with or for the Principal whether as Guarantor or otherwise or compound or make any
other arrangement with the Principal or any other person so liable with or for the Principal as the Bank may think fit
and to hold over, renew, vary, exchange or release in whole or in part and from time to time any securities held or to
be held by the Bank for/or on account of the moneys and liabilities intended to be secured hereby or any part
thereof. And for all purposes of this claim the Principal is empowered to give consent on my/our behalf and any
consent given by the Principal shall be deemed to have been given by me/us and shall bind me/us in all respects as if
the same had been expressly given by me/us in writing. The Principal is also hereby empowered to acknowledge the
debt/s and/or security/ies for and on behalf of me/us and the said acknowledgment and/or the security/ies shall be
valid as against me/us as though they were executed by me/ourselves.
5. The Bank may recover against me/us to the extent herein before mentioned notwithstanding that the principal or
his agents, partners, directors or officers may have exceeded his or their powers or that the arrangements with the
Bank may have been ultra vires and without being bound to enforce its claim against the Principal or any other
person or other security held by the Bank. The Bank shall not be bound to inquire into powers of the Principle or his
agents or partners, directors or officers purporting to act on behalf of the Principal and all moneys dues or liabilities
incurred shall be deemed to form part of the present guarantee notwithstanding that the Principal or his agents,

partners, directors and officers may have exceeded his or their power or the arrangement with the Bank may have
been ultra vires.
6. I/We waive in the Bank's favour all or any of my/our rights against the Bank or the Principal as may be necessary
to give effect to any of the provisions of this guarantee.
7. I/We declare that I/We have not received any security from the Principal for the giving of this guarantee and I/We
agree that I/We will not so long as any moneys remain owing by the Principal to the Bank or any liability incurred
by the Bank remains outstanding, take any security in respect of my/our liability hereunder without first obtaining
the Bank's written consent and I/We agree that in the event of my/our taking any such security amount for which
I/We am/are to be liable under this guarantee shall be increased by the amount by which dividends payable by the
Principal to you on a winding up is thereby diminished. I/We have not received any consideration by way of
Commission or otherwise for giving this guarantee; nor shall I/We receive any consideration for my/our standing as
Guarantor/s to the Facility/ies above mentioned.
8. I/We further agree that in respect of my/our liability hereunder the Bank shall have a lien on all securities
belonging to me/us now or hereafter held by the Bank and all moneys now or hereafter standing to my/our credit
with the Bank on my current or any other account.
9. And this guarantee shall be applicable to the ultimate balance that may become due to the Bank from the Principal
and until repayment of such balance the Bank shall be entitled to retain, realize, or otherwise dispose of in such
manner as the Bank may think fit any securities now or hereafter held by the Bank and without any liability to
account to me/us for my/our any portion of such securities or of the proceeds thereof until all your claims have been
fully satisfied, and in the meantime I/We will not take any steps to enforce any right or claim against the Principal in
respect of any moneys paid by me/us to the Bank hereunder. And, further that if Bank should receive payment from
the Principal or any person on behalf of the Principal or from any security held by the Bank, or if the Principal shall
become insolvent or go into liquidation or compound with his creditors, the Bank shall be at liberty without
discharging my/our liability to make or assent to any compromises, compositions or arrangements or to prove and to
rank as creditor in respect of the amount claim able by the Bank or any items thereof, and to receive dividends
thereupon and all such payments and dividends received shall be treated as payments in gross and my/our liability
shall extend to the ultimate balance after deducting such payments and to the entire exclusion and surrender of all
my/our rights as sureties in competition with the Bank any rule of law or equity to the contrary notwithstanding.
And I/We shall not be paying off the sum guaranteed or any part thereof or upon any ground, proven or claim to
prove in respect of the sum guaranteed or any part thereof or take advantage of any securities held by the Bank until
the whole of your claim against the Principal has been satisfied.
10. A demand in writing shall be deemed to have been duly given to me/us or my/our heirs or assigns by leaving the
same at my/our last known address hereunder written and shall be effectual notwithstanding any change of address
or notwithstanding notice thereof to the Bank, and such demand if sent by post shall be deemed to be received by
me/us or my/our heirs, assigns 24 hours after posting thereof and shall be sufficient if signed by any officer of the
Bank and in proving such service it shall be sufficient to prove that the letter containing the demand was properly
addressed and put into the Post.
11. In the event of this guarantee being determined either by notice by me/us or by demand in writing by the Bank, it
shall be lawful for the Bank to continue the account of the Principal notwithstanding such determination and my/our
liability or for the moneys advanced or paid or agreed to be advanced or paid and liabilities or obligations incurred
by the Bank at the date when the guarantee is so determined shall remain notwithstanding any subsequent payment
or out of the cash credit account by or on behalf of the Principal upto the limit aforesaid.
12. The Guarantee shall not affect or be affected by any other or further securities taken or held by you or by any
loss by you of any collateral or other security nor by your failing to recover by the realisation of collateral securities
or otherwise any such sum or sums due from the Principal or any other person, or any laches on your part, nor shall
you be responsible to me/us for any such loss or laches.
13. Any account settled or stated between you and the Principal or admitted by the Principal shall be accepted by
me/us as conclusive evidence. A certificate in writing signed by any officer of the Bank stating the amount at any
particular time payable under this guarantee shall be conclusive evidence against me/us.
14. This guarantee shall be enforceable notwithstanding any change in the name of the Bank and it shall enure for
the benefit of any banking company with which the Bank may become amalgamated or to which the Bank shall
assign it.
15. Should the Principal be a limited company, corporate or unincorporated body, committee, firm, partnership,
trustees or debtors on a joint account, the provisions herein before contained shall be construed and take effect
where necessary as if words importing the singular number included, also the plural number. This guarantee shall
remain effective notwithstanding any death, retirement, change, accession, or addition, as fully as if the person or

persons constituting or trading or acting as such body, committee, firm, partnership, trustees or debtor on joint
account at the date of the Principal's default or at any time previously was or were the same as the date hereof.
In the event of there being more than one guarantor the liability of the remaining guarantors shall not be affected or
released or given up by time or other indulgence to one or more of the guarantors nor by the death of any one or
more of the guarantors until notice shall have been given to the Bank as provided in Clause 1 hereof.
The Bank shall be entitled to fix with the Principal a period for such loan, Overdraft/Cash-Credit account facility
and to alter to extend such a period from time to time. The Bank shall be entitled from time to time to take renewals
of hundies, promissory notes or other documents and securities from the Principal. The Bank shall be entitled to take
one hundi or promissory note or other documents for the whole amount hereby guaranteed or to split up the amount
and take separate documents for each part and take any such documents from the Principal alone or from the
Principal and other persons whose identity may vary from time to time. My/Our liability under this Guarantee shall
not be discharged or affected in any way by reason of any such or similar acts or dealings.
Name & Address Signature(s) of the Guarantor(s)

LDOC 17(B) 17(B)

COMPOSITE HYPOTHECATION AGREEMENT
/STAMP AS ON AGREEMENT & POWER OF ATTORNEY/
AN AGREEMENT made at ___________ on this _____________ day of ___________
_________between_____________________________________________________________________________
_______________________________________________________________
(hereinafter called "The Borrower") of the ONE PART and BANK NAME XXXXX a body corporate constituted
under the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 and having its Head office at
XXXX, AND one of its branches at_______________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_ hereinafter called "The Bank") of the SECOND PART.
WHEREAS the Bank has at the request of the Borrower agreed to grant and/or continue to grant banking facilities or
accommodation to the Borrower by way of____________________________
_____________________________________________________________________________________________
_______________________________________________________________facilities (hereinafter collectively
referred to as "banking facilities" with an aggregate maximum limit of Rs.________________________ (Rupees
____________________________________) and the repayment of all monies including principal sums, interest,
interest tax, additional interest, further interest, penal interest, commission, costs, charges and expenses etc., payable
under or in respect of such facilities have been secured/agreed to be secured by various agreements and documents
executed by the Borrower from time to time in favour of the Bank AND WHEREAS one of the conditions stipulated
by the Bank is that the repayment of all monies under the banking facilities or accommodation or accounts shall
inter alia be secured by the Borrower by way of hypothecation of all the Borrower's Raw Materials, Stock-inprocess, Finished Goods and all the Book-Debts, Movable Plant and Machinery/Vehicles/Crafts,. Consumable
Stores and Spares, both present and future and on the terms and conditions set out in the Bank's sanction advice to
the company dated _______________ and/or monies payable and due to Bank in each of the accounts of the
Borrower with the Bank. (as set out in the First Schedule hereunder written)
NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED AND DECLARED AS FOLLOWS :
1. Subject to the terms and conditions contained in these presents the Bank has granted or agreed to its discretion to
grant or continue to grant to the Borrower at _____________ or at any of its branches in India banking facilities or
accommodation to the Borrower as mentioned in the sanction advice set out in First Schedule hereto and/or
outstanding and due to the Bank in each of the accounts of the Borrower upto an aggregate maximum limit of Rs.
_____________________

(Rupees_______________________________________________________________________________________
_______________).
2. The Borrower hereby agrees and undertakes that the amount/amounts advanced or to be advanced by the Bank
will not be used for any purpose other than for which it has been sanctioned/advanced. It is distinctly understood by
the Borrower that the Borrower is hereby expressly prohibited from using the amount advanced and/or to be
advanced of any part thereof for any purpose other than for which it has been advanced/sanctioned and that if the
Bank apprehends or has any reason to believe, the Bank's decision in this regard being final, that the Borrower has
violated or is violating or is likely to violate this condition it shall be lawful for the Bank and the Bank shall have a
right to recall the entire balance due under all, any and/or each of the facilities or accommodations then outstanding
or any part thereof BRANCH hwith notwithstanding anything to the contrary contained herein or in any other
document or letter of sanction or terms and conditions and without prejudice to any of the rights of the Bank
hereunder or under any law, rule or regulations to initiate appropriate Civil and/or criminal action/s against the
Borrower. The Borrower further agrees that on such demand, the Borrower shall BRANCH hwith pay the amount/s
due together with interest, interest tax, further interest, additional interest, penal interest, commission fees, cost,
charges and expenses incurred or to be incurred by the Bank till date of payment. The Bank shall have an absolute
discretion to determine what amount/s within the aforesaid limit it will advance and/or allow to be outstanding from
time to time in the respective separate account opened/to be opened by it and the Bank shall be at liberty to refuse to
allow further drawings or advances or to make available any facility at any time without previous notice to the
Borrower and without assigning any reasons therefore.
3. The Bank may at the request of the Borrower vary or diversify the facilities allowed by it to the Borrower but so,
however, that the overall limit of the principal amount at any time outstanding shall not exceed the aggregate
maximum limit secured hereunder and this will not in any way affect or prejudice the security by way of
hypothecation created by this deed. The facilities and their limits so varied/diversified from time to time during the
tenure of this security shall be deemed to be the facilities/limits secured under these presents.
4.1 Subject to clause 4.4 below the Borrower shall pay interest/commission to the Bank in respect of the said
banking facilities from time to time on the outstanding in their respective banking facility accounts at the respective
rate/s as contained in the sanction advices forming part of First Schedule hereunder written PROVIDED
HOWEVER the Bank shall at any time or from time to time be entitled to change or vary the rate of
interest/commission in respect of any one or every facility or accommodation. Notice of variation of rate of interest
from time to time as per the directions of the Reserve Bank of India/or as per Prime Lending Rate fixed by the Bank
or the Head Office of the Bank is waived. Such variation in the rate notified in the notice board in the Bank premises
shall be sufficient notice to us and I/We agree to pay interest at the rate notified in the notice board from time to time
until all dues are cleared in full. Provided further that the interest/commission payable by the Borrower shall be
subject to the change in prime lending rate of the Bank from time to time as determined and/or interest/commission
that may be levied/prescribed by the Bank and/or RBI from time to time, and this document shall be construed as if
such revised rate/s of interest/commission were already mentioned in the said Schedule and agreed to be paid by the
Borrower and hereby secured. The Bank shall be entitled to demand payment of interest for the time being due or
other amounts payable by the Borrower under these presents without at the same time demanding payment of the
balance due to the Bank exclusive of such interest or other amounts.
4.2 Interest payable at the rate/s aforesaid shall be calculated on the daily debit balance in the cash credit and other
banking facility/account(s) and charged accordingly in the said account(s) on the last working day of each month or
quarter or half-year as the bank may decide.
4.3 Without prejudice to the generality of the foregoing the bank shall also be entitled to charge at its own discretion
and the borrower shall be liable to pay and hereby agrees to pay additional/enhanced rate of interest on the said
banking facility account(s) either on the entire outstanding or a portion thereof as the Bank may fix for any
irregularity, non-compliance, of/by the Borrower or any breach of the terms and conditions hereof or of those set out
under sanction advice and for such period as such irregularity or breach continues or for such time as the Bank may
deem it necessary, regard being had to the nature of the irregularity or breach. Provided that the charging and
payment of such additional interest/enhanced rate of interest shall be without prejudice to the other rights or
remedies of the Bank either hereunder or under any law, rules or regulations to proceed with or exercised by the
Bank for such irregularity or breach against the Borrower and or the security hereby created, and it is hereby agreed
by the Borrower that the provision herein contained for payment of higher rate of interest shall not entitle or be
deemed or construed to authorise the Borrower to delay or postpone payment of the monies hereunder or any part
thereof and/or interest on their respective due dates.
4.4 In the event of the Borrower not paying any amount due on account of interest, fees, costs, charges and expenses
payable from time to time under these presents the Bank shall be at its discretion entitled to debit or charge such

interest amount(s) to any of the banking facility account(s) namely the Overdraft Account, Cash Credit Account,
Current Account or any other account of the Borrower. Any amount (s) so debited to the overdraft account, cash
credit account, current account or any other account of the Borrower with the Bank shall form part of the account (s)
to which such amount (s) is/are debited and shall carry interest at the rate or rates in force at the relevant time
applicable to the account (s) to which the amount (s) is/are so debited.
4.5 The Borrower agrees to pay and shall pay to the Bank commission, fees on the bills of exchange accepted
/agreed to be accepted / discounted within the specified limits and the guarantees issued/agreed to be issued and
deposit/keep deposited with the Bank margin money at such rate or rates as the Bank may specify from time to time
by notice in writing to the Borrower and the rate/s so specified shall be deemed to be the rate/s expressly agreed to
by the Borrower and as if mentioned in these presents and the security hereby created shall be deemed to be
securities created for securing such bills of exchange from time to time within the specified limit as mentioned in the
sanction advice.
5. The Borrower shall on demand pay at ______________ to the Bank, all monies including principal sums, interest,
interest tax, additional interest, further interest, penal interest, commitment charges, commission, fees costs, charges,
expenses and other monies whatsoever due, owing or payable by the Borrower in respect of or in any wise
concerning or relating to the banking facility/facilities granted/agreed to be granted/continued by the Bank to the
Borrower as aforesaid including those incurred by the Bank for the preservation, protection, defence and perfection
of the security hereby created or for attempted or actual realisation or enforcement thereof with interest as provided
under these presents, all of which monies including principal sums, interest, interest tax, additional interest, further
interest, penal interest, commitment charges, commission, costs, charges, expenses and other monies whatsoever at
any time and from time to time due to the Bank, whether debited to the account(s) or not, are hereinafter collectively
referred to as "the balance due to the Bank" which expression shall, wherever the context so admits include any of
them or any part thereof.
6. In consideration of the Bank having granted/agreed to grant/continue to grant banking facilities or
accommodation to the Borrower upto an aggregate maximum limit of Rs. _______
(Rupees_______________________________________________________________________________________
___________________________________________________)as aforesaid, the Borrower hereby hypothecates to
and charges in favour of the Bank.
a) All its stocks of raw materials, semifinished and finished goods, both present and future, and more particularly
described in Item I of the Second Schedule hereunder written.
b) All the present and future book-debts, out standing Monies, receivables, claims, bills, choses in action, contracts,
engagements and securities of the Borrower and more particularly described in Item II of the Second Schedule
hereunder written.
c) The specific items of movable machinery/vehicles/crafts etc. as more particularly described in Items IV of the
Second Schedule hereunder written to secure the Cash Credit/Loan/s/Deferred Payment Guarantee/s facility
granted/agreed to be granted by the Bank to the Borrower.
d) Subject to the exclusive/prior charge created/agreed to be created on the specific items of movable
machinery/vehicles/crafts in respect of the Cash Credit/Loan/s/Deferred Payment Guarantee/s facility sanctioned
to/availed by the Borrower with the consent of the Bank (details of which specific movable
machinery/vehicles/crafts the Borrower hereby undertake to provide to the Bank), all the movable
machinery/vehicles/crafts of the Borrower, both present and future, and more particularly described in Item III of the
Second Schedule hereunder written. (All of which Stocks, Book-Debts, Movable Machinery/Vehicles/Crafts of the
Borrower are hereinafter collectively referred to as "the Hypothecated Premises") as security by way of first charge
for due payment on demand of the balance due to the Bank in respect of account/accounts of the
facilities/accommodations granted to the Borrower by the Bank as aforesaid.
7.1 The Borrower shall at all times during the continuance of this security keep and maintain such margin of security
in favour of the Bank (hereinafter called "the said margin") as mentioned in the First Schedule hereto or such other
percentage(s) as the Bank may from time to time determine of the cost or market value (Market value as found by
the Bank) whichever is lower of the Hypothecated Premises or part thereof.
7.2 The Bank shall be entitled to and shall be at liberty to change from time to time the said margine(s) and the
Borrower shall be bound by such change.
7.3 The Borrower will at all times maintain a sufficient quantity of the assets constituting Hypothecated Premises to
provide the necessary margin(s) on security as specified herein and as may be required by the Bank from time to
time and will BRANCH hwith, whenever necessary, provide further assets approved by the Bank to restore such
margin(s) or reduce the amount for the time being due to the Bank by cash payment so as to maintain the said
margin(s).

7.4 Except for the purpose of sale or dealing in the ordinary course of business the Borrower shall not, so long as
any monies remain due to the Bank, except with the prior approval in writing of the Bank and subject to the margin
of security required by the Bank being fully maintained, remove or cause to be removed any of the Hypothecated
Premises or divert or dispose of or cause or permit any of the Hypothecated Premises in transit to be diverted or
disposed of or otherwise deal with any of the Hypothecated Premises and that the realisation/proceeds of sale of any
of the Hypothecated Premises as soon as received shall be paid over to/appropriated by the Bank in satisfaction of
the balance due and owing on the said facility/accounts or any of them as hereinafter provided but not to any other
party without the prior written consent of the Bank and till then all sale proceeds and realisations howsoever in
respect of the Hypothecated Premises shall be held by the Borrower in trust for the Bank as the Bank's exclusive
property for appropriation to the said facility/accommodation of account(s) PROVIDED that the Borrower shall not
make any sale of or recover, transfer, assign, dispose of or deal with any of the Hypothecated Premises upon being
prohibited in writing by the bank from doing so.
8.1 The Borrower shall whenever and as often as required by the Bank furnish to the Bank full particulars of all the
assets of the Borrower and of the Hypothecated Premises and shall allow the Bank or its authorised agents to take
inspection thereof and of all records, books and vouchers pertaining thereto and will produce such evidence as the
Bank may require as to the cost and value of the said assets and/or the Hypothecated Premises. The Borrower shall
display sign board/s with words "Hypothecated to BANK NAME XXXXX" inscribed thereon, at the place/s where
the Hypothecated Premises or any part thereof may be lying or be stored by the Borrower for the time being from
time to time.
8.2 The Borrower shall value the Hypothecated Premises at the appropriate rates whether fixed by the Bank or not
and shall not over value the same. In any case, the Bank shall be at liberty from time to time and at any time to have
any of the Hypothecated Premises inspected and valued by an appraiser or valuer appointed by the Bank which
value shall be conclusive and binding on the Borrower both in and out or court.
8.3 The fees, costs, charges and expenses of such inspection, appraisal or valuation (the Bank's statement in regard
thereto being conclusive) shall be borne and paid by the Borrower to the Bank on demand and shall if not so paid, be
debited by the Bank to any of the said banking facility account(s) namely Cash Credit, loan,overdraft or current
account/s or any other account of the Borrower with the Bank and shall form part of the monies hereby secured.
9.1 The Hypothecated Premises shall be kept at the Borrower's risks and expenses and the Borrower shall at its own
expenses during the continuance of this security keep the Hypothecated Premises in good and marketable condition
and in proper working order and shall likewise at its own expense insure and keep insured in the name of the Bank
the hypothecated Premises against loss or damage by fire, theft, Pilferage, robbery, riot civil commotion,
earthquakes, malicious damages and all such other risks as the Bank shall require for the full market/replacement
value thereof by an insurance company or companies approved by the Bank and shall deliver the policies of
insurance to the Bank and shall likewise deliver receipts for the last premium paid for every such policy of insurance
and if in the name of the borrower, the borrower shall assign and deliver to the Bank every such policy of insurance
and shall pay to the Bank all proceeds of any policy received by the Borrower during the continuance of this security
and shall renew, keep in force and maintain such insurance throughout the continuance of this security and deliver to
the Bank the renewal receipts and policies. In default the bank may (but shall not be bound to) effect or renew such
insurance. Any premium paid by the Bank and any such costs, charges and expenses incurred by the Bank shall be
repaid by the Borrower on demand BRANCH hwith and shall until repayment with interest at the rate aforesaid, be a
charge on the Hypothected Premises. The Bank shall be entitled without prejudice to all their other rights and
powers to debit the amount of such premium, costs, charges and expenses to any of the banking facility or
account(s) namely the Cash Credit/Overdraft or any other account(s) of the Borrower in such manner as the Bank
deems fit. All sums received under such insurance shall be applied in or towards liquidation of the amount for the
time being due to the Bank as provided therein.
9.2 The Bank shall be entitled to adjust, settle and compromise in any manner whatsoever, including by reference to
arbitration, at the Borrower's cost any dispute arising under or in connection with any such policy of insurance and
such adjustment, settlement, compromise and any award made or decision given in such arbitration or otherwise
shall be valid and binding on the Borrower and the Bank shall also be entitled to all monies payable under any such
insurance or under any claim made thereunder and to issue a valid receipt therefore and that the amounts so received
shall be credited to any of the banking facility account(s) namely the Cash Credit/Overdraft/Current or any other
account(s) of the Borrower and that the Borrower will not raise any dispute that a larger sum might or ought to have
been received or be entitled to raise any dispute for the balance in any of the said accounts after such credit,
provided that the Bank may at its own discretion waive any of the requirements as to insurance, to such extent and in
such manner as it may deem fit.

9.3 The Borrower shall pay all rents, rates, taxes, payments and out goings in respect of any immovable property in
or upon which the Hypothecated Premises or any part thereof may for the time being be lying and shall keep such
property insured against loss or damage by fire and shall also insure the same against such other risks as the Bank
shall require and shall produce the policies of insurance to the Bank whenever required by it.
10.1 The Borrower shall make best endeavours to obtain payment of all the debts and assets forming part of the
Hypothecated Premises as and when the same shall become payable and pay all such sums when the same shall
become payable and pay all such sums when received into any of the banking facility account(s) namely Cash
Credit/Overdraft or any other account(s) with the Bank. Further, the Borrower shall not, except in the ordinary
course of business, receive, release or compound any of the said debts and assets without the consent in writing of
the Bank and will not do anything whereby the recovery thereof may be impeded, delayed, prejudiced, prevented or
becomes time barred.
10.2 The Borrower shall keep proper books of accounts of the business and carefully keep and preserve all the
documents, papers and vouchers in connection with or relating to or which prove or are likely to prove the debts
forming part of the Hypothecated Premises or any part thereof and will at any time when required produce such
books, documents, papers and vouchers for the inspection of the Bank and its officers and agents and allow them or
it or him access thereto and to make copies of or extracts from the same.
10.3 Save and except as herein specifically provided for, the Borrower shall not create any further or any additional
change on this hypothecated premises without the written consent of the Bank first had and obtained.
11.1 If the Borrower shall fail to pay on demand any money which ought to be paid by it hereunder or shall commit
any breach of any agreement or declaration on their part herein contained or shall fail to observe or perform any of
the terms and conditions or covenants herein contained or if any circumstance shall occur, which in the sole
judgment of the Bank, is prejudicial to or imperils the security or if any distress or execution is levied or enforced
against any property or assets whatsoever of the Borrower or if any person, firm or company shall take any steps
towards appointment of a Receiver of any property or assets whatsoever of the Borrower or if such Receiver is
appointed or if any person, firm or company shall apply for or obtain an order for the winding up of the Borrower or
if any person, firm or company shall apply for or obtain an order for the winding up of the borrower or if any such
order is made or if any step is taken by any person towards passing any resolution to wind up the Borrower's
company or if any such resolution shall be passed or if the Borrower shall cease to carry on business or to conduct
its business to the satisfaction of the Bank or if any person firm or company shall take any steps for adjudication of
the Borrower as insolvent or if any such adjudication is made then and in any such case, it shall be lawful for the
Bank through any of its officers/agents to enter into or upon the factory or any Godown jatha or any of the place/s of
storage of the Borrower where any of the Hypothecated Premises may be lying or stored or kept and to inspect,
value, insure and/or to take charge of and/or to seize, recover, receive, appoint Receivers and/or take possession of
all or any of the Hypothecated Premises and the books of account and other documents relating to the debts and
assets forming part of the Hypothecated Premises inter-alia by putting its locks on godowns and other premises
where the said goods or account books and other documents relating to the debts and assets forming part of the
Hypothecated Premises are lying or kept and thereupon either BRANCH hwith or at any time and from time to time
and without any notice either by public auction or tender or private contract or tender, sell and dispose of all or any
part of the Hypothecated Premises in such manner as the Bank shall think fit and also to give notices of demand to
the Borrower's debtors and third parties liable therefor sue for, recover, receive and give effectual receipt for the
same and sell and realise by public auction or private contract and transfer, assign or otherwise dispose of or deal
with all or any part of the Hypothecated Premises. Without prejudice to the foregoing powers, if necessary, the Bank
shall at the Borrower's risk and expenses be entitled to act either as attorney for and on behalf of and in the name of
the Borrower or otherwise as the Bank may deem fit (the Borrower hereby appointing the Bank as its attorney). The
Bank shall be entitled to deduct and appropriate from the proceeds realised as aforesaid all expenses in connection
with the exercise of the aforesaid powers and to appropriate the net proceeds towards the balance due to the Bank in
any of the account(s) pertaining to the banking facilities.
11.2 The Company irrevocably appoints the Bank to be the Attorney of the Company and in the name and on behalf
of the Company to execute and to do any assurances and things which the Company ought to execute and do under
the covenants herein contained and generally to use the name and seal of the Company in the exercise of all or any
of the powers hereby conferred on the Bank or any Receiver appointed by the Bank.
11.3 The Bank shall also be at liberty to enforce, realise, recover, settle, compromise, refer to arbitration and for the
purpose deal in any manner with any rights or claims which may be set up in respect of the Hypothecated Premises,
to complete any engagements and carry on the business of the Borrower through agents, managers nominees or
otherwise without being bound to exercise these powers. The Bank shall not be liable in the event of the exercise of
any of the aforesaid powers for any involuntary loss which may occur in or arise from such exercise and such

exercise shall be without prejudice to any other rights and remedies and notwithstanding any pending suit or other
proceedings relating to the Hypothecated Premises. Notwithstanding that there may be any pending suit or other
proceedings, the Borrower hereby undertakes to transfer and deliver to the Bank all relative contracts, securities,
bazaar chits, bills, notes, hundies and documents. The borrower shall accept the Bank's account of sales and
realisation as conclusive and shall BRANCH hwith pay to the bank on demand any shortfall or deficiency thereby
shown. And if the net sum realised by such sales is not sufficient to pay the amounts secured, the Bank shall be at
liberty to apply any other money or monies in the hands of the Bank standing to the credit of or belonging to the
Borrower in or towards the payment of the balance due to it, AND in the event of there being still some deficiency,
the Borrower shall BRANCH hwith pay/make good such deficiency provided that nothing herein contained shall in
any manner prejudice or affect the rights and remedies of the Bank against the Borrower.
11.4 The Borrower shall not be in any way concerned with the proportion in which any monies realised and
applicable under these presents are appropriated towards the balance due to the Bank and shall not have any claim
whatsoever against the Bank in relation to any act or thing done, omitted, permitted or suffered by the Bank in
regard to the appropriation of any money applicable as herein provided.
11.5 As and when the Bank seeks to enforce the securities and take possession of the Hypothecated Premises
hereunder the Borrower shall comply with all such directions as may be given by the Bank and afford every facility
for placing and keeping the Bank in exclusive possession, custody and control of the Hypothecated Premises, and
the books of account and other documents relating to the books of account and other documents relating to the debts
and assets forming part of the Hypothecated Premises, in such manner that such possession, custody and control
shall be apparent and indisputable. It is hereby further agreed that if and when the Bank exercises its right to demand
payment of the monies due to it or take possession or assignment of the Hypothecated Premises and the books of
accounts and other documents relating to the said debts and assets, the Borrower until actual delivery or assignment
thereof to the Bank shall be deemed to be in possession of the same as agent of the Bank but entirely at the risk and
costs of the Borrower. Provided always and it is expressly agreed and declared that even after the Bank shall have
taken possession of the Hypothecated Premises and/or the books of accounts and other records, documents, etc.
relating to the said debts and assets in enforcement of the securities or the Bank has got appointed or caused to have
appointed a Receiver thereof or shall have taken any other action in exercise of the powers or any of them hereby
conferred on the Bank, the Bank shall be entitled to store the said goods and the books of accounts and other
records, documents, etc. relating to the said debts and assets in the Borrower's premises where they may be lying
until the full and complete enforcement and realisation of the security and the Borrower shall be liable to and shall
bear and pay on demand the cost of storing the Hypothecated Premises and the books of accounts, records,
documents, etc. relating to the said debts and assets in such premises including the rent or compensation payable for
such premises and the salary and remuneration of watchman and other personnel that may be engaged for security,
preservation and handling of the Hypothecated Premises and the books of accounts and other records, documents,
etc. relating to the said debts and assets. It is agreed that the Borrower shall not until realisation of the security
created in favour of the Bank adversely deal with such premises belonging to or occupied by the Borrower not the
Borrower's right thereto. The Bank shall also be entitled to hire or acquire storage space in any other premises and to
engage watchman and other personnel as aforesaid and the Borrower shall pay the rent or compensation payable for
or in respect of such other premises and salary of watchmen and other staff on demand to the Bank and in default the
Bank may pay the same but until repayment by the Borrower of such rent or compensation and other monies to the
Bank the same with interest thereon at the rate provided for shall be charged upon the Hypothecated Premises.
11.6 Among such directions as aforesaid, the Bank may without incurring any responsibility for the consequence
provide for the following :
a) that the Hypothecated Premises shall be stored in such Godown or other places of storage and the books of
accounts or other records be kept and maintained at such place/s as the Bank shall direct;
b) that the register(s) shall be kept of the Hypothecated Premises brought in or removed from any Godown or other
place of storage. Such register(s) shall be open for inspection to the Bank at all times and shall always be considered
to be the property charged to the Bank;
c) For the placing of private identification marks/numbers of the Bank on any of the Hypothecated Premises stored
in any such Godown or other place/s of storage.
11.7 From and after the Bank shall have taken possession the Hypothecated Premises or any part thereof and/or the
books of accounts and other records, documents, etc. relating to the debts and assets shall not be removed from the
said Godown/s or other place/s of storage except on production of delivery order(s) signed by the Bank or any of its
officials authorised in this behalf.
11.8 From and after the Bank shall have taken possession, the Borrower shall be solely responsible in all respects
and the Bank shall not in any way be responsible for or in respect of the quantity, quality or condition or final turn-

out or for loss, destruction or deterioration of the Hypothecated Premises, books of accounts, vouchers, papers and
other records relating to the debts and assets or damage thereto occasioned by theft, pilferage, robbery, fire, riot,
strikes, civil commotion or otherwise howsoever whatever may be the circumstances or the reasons under or for
which such loss, destruction, deterioration, or damage may arise including any act, omission, negligence or default
of the Bank or any of their servants or agents.
11.9 The Borrower shall accept without question the accounts of such sale or sales or other transactions signed by
any agent or other authorised officer of the Bank as sufficient proof of the amount realised or due under the sale or
sales or transactions and the costs, charges and expenses incurred in connection therewith.
11.10 The Bank shall have all other power incidental to and necessary for the realisation of its security under these
presents
11.11 On the sale by private contract or public auction under the provisions of sub-clause (1) hereof, the Bank shall
be entitled to charge and retain as part of the costs, charges, and expenses incurred in connection therewith such
commission as the Bank shall in its sole discretion fix and shall not be liable to account for the same to the
Borrower. Such commission shall be in addition to any brokerage or out goings payable in respect of any such sale.
If the sale proceeds are not sufficient to pay the amount of such commission the Borrower shall pay the same
BRANCH hwith to the Bank on demand.
11.12 The Borrower shall indemnify and always keep indemnified the Bank against all losses, damages, claims,
demands, charges and expenses in respect of the Hypothecated Premises sustained by or made against the Bank.
12. In case the Bank does not consider it necessary or desirable for any reason either to exercise any authority or
power hereby exercisable by the Bank and/or to take action in pursuance of the foregoing clause 11 or in the event
of its not exercising such power or authority or to take any action in pursuance of that clause, the Bank shall so far
as regards the Borrowers be at liberty to exercise any power or authority exercisable hereunder by the Bank
including to file any suits or legal proceedings for recovery of its dues from the Borrower and to take steps to realise
or enforce the security hereby created in favour of the Bank either by sale or otherwise and either through the
intervention of the court or by appointing a receiver or in any other manner howsoever as it thinks fit and may close
the said account (s) with it relating to the banking facilities.
13. All monies resulting from the enforcement and/or realisation of the securities, i.e. Hypothecated Premises or any
part or portion thereof or otherwise, howsoever, and the amounts realised under any policy or policies of insurance
or any compensation monies for acquisition or requisition of the securities or any of them on any part thereof or any
other realisation from the said securities either by enforcement or otherwise and whether the same is received or
realised by the Bank directly or by any Receiver appointed in any suit filed by it shall be applied with all convenient
dispatch in the manner hereinafter provided.
Firstly :
There shall be paid out of such monies or provision made thereout for all costs, commission, charges and expenses
paid or incurred and to be paid or incurred by the Bank and/or any Receiver, agent or manager for or incidental to
the enforcement of the said securities or realisation or receipt of such monies.
Secondly :
The balance shall be applied in liquidation of the respective amounts due for interest, interest tax, additional interest,
further interest, penal interest due to the Bank in the said account (s) in respect of the banking facilities.
Thirdly :
(i) In the event of the monies available being sufficient to pay the principal monies due to the Bank then the same
shall be applied towards payment of the principal monies in respect of the facilities given and/or continued, in full
PROVIDED THAT an amount equivalent to the monies that may become payable to the Bank in respect of any
contingent liability or liabilities under any facility or facilities given under these presents and secured by the security
created hereunder shall be kept aside by the Bank in a separate account to be opened with the Bank and shall be
appropriated towards reimbursement to the Bank in the event of the said contingent liability/ies arising or becoming
due and payable and are paid by the Bank.
(ii) In the event of the said contingent liability or liabilities not arising or becoming due and payable the amount
allocable to liability or liabilities which is/are not required to be paid by the Bank shall be treated as part of the
surplus realisation from the hypothecated security;. The surplus realisation, if any, from the hypothecated security
including any surplus becoming available on account of any contingent liability or liabilities not arising or becoming
due and payable as aforesaid shall be applied for repayment to the Bank of all other debts and liabilities of the
Borrower due and payable to the Bank on any other account or accounts whatsoever whether actually or
contingently, alone or jointly with other/s and whether as principal or surety.
(iii) In the event of monies so available being insufficient to pay to the Bank all the monies due to it as provided in
(i) above the Borrower shall be liable BRANCH hwith on production to the Borrower of an account to be prepared

and signed as provided herein (which shall be conclusive) to pay the balance appearing due to the Bank. Without
prejudice to the obligation of the Borrower, the Bank shall be entitled (but shall not be bound) to apply any other
money or monies in the hands of the Bank standing to the credit of or belonging to the Borrower towards
satisfaction of the balance then remaining due to the Bank.
Provided however, that in respect of monies due in cash credit account, or accounts of the Borrower, the principal
sum shall be treated inclusive of interest accumulated and applied to such account and amount due at the foot of the
account without any distinction thereof from principal as per prevailing Banking practice.
14. Pending seizure and/or taking possession of by the Bank. all the Hypothecated Premises and all proceeds of sale
of other realizations and proceeds of insurance thereof and all documents under this security shall always be kept
distinguishable and held as the exclusive property of the Bank specifically appropriated to the security to be dealt
with only under the directives of the Bank and the Borrower shall not without the prior written permission of the
Bank create any mortgage, charge, lien or encumbrance upon or over or affecting the same or any part thereof.
15.1 The Borrower shall promptly submit to the Bank particularly monthly or as often as may be required stock
statements and also statements of book-debts and particulars of other Hypothecated Premises together with the list
of current insurance policies and amounts insured verified by certificates of the Borrower or the Manager for the
time being of the Borrower that the quantities, amounts, value and marks stated in the statements are correct and that
all the tangible assets are fully covered by insurance and containing such other certificates and particulars as may be
specified by the Bank and will also furnish and verify all financial and other statements, reports, returns, certificates,
accounts, documents, particulars and information and such other periodical data as may be required by the Bank.
15.2 The Borrower will also execute all documents, transfers, assignments and endorsements and do all acts, deeds
and things which the Bank may require for vesting the Hypothecated Premises or any of them in favour of the Bank
and to render the same readily realisable or transferable by the Bank at any time and also for giving full effect to this
security.
15.3 The Borrower hereby irrevocably appoints the Bank to be attorney of and for and in the name of the Borrower
to do all such acts, deeds and things and execute all such documents, transfers, assignments, endorsements whatever
which the Borrower may be required by the Bank to do or execute under or in respect of this Agreement in the event
of the Borrower failing to do so within a week from the date of demand by the Bank for such purposes.
16. The security hereby created shall be a continuing security for the balance from time to time due to the Bank on
the said banking facilities and for all monies, indebtedness and liabilities hereby secured, and none of the accounts
in respect of the said banking facilities is to be considered to be closed for the purpose of this security and the
security is not to be considered exhausted by reason of the said accounts or any of them being brought to credit by
payment made into the said account(s) at any time or from time to time or of its/their being drawn upon to the full
extent or its/their being reduced or extinguished and afterwards reopened.
17. Subject to the provisions of clause 14 hereof, any general or special lien to which the Bank is or may be by law
or otherwise entitled or any rights or remedies of the Bank in respect of any present or future indebtedness or
liabilities or guarantee obligations of the Borrower to the Bank shall continue to be in force and effect and it shall be
open to the Bank to enforce or have recourse to such rights or remedies or securities without being bound to enforce
any security, rights or remedies under this agreement.
18. The Borrower hereby convenants with the Bank that all the Hypothecated Premises are the absolute property of
the Borrower at the sole disposal of the Borrower and free from any prior charge or encumbrance and that all future
stocks,debts, assets and properties that will be hyphothecated shall be likewise the unencumbered and absolute and
disposable property of the Borrower.
19. The Borrower shall carry on the entire banking transactions of its business through the Bank only wherever they
are having their office. Such banking business of the Borrower at other centres also shall, as far as practicable, be
placed with the Bank.
20. The Borrower shall at the beginning of each quarter in the calendar year advise the Bank the aggregate amount
that the Borrower proposes to draw from the Bank during the quarter and upon being advised by the Bank of its
commitment, the Borrower shall pay to the Bank any commitment charge that may be agreed upon from time to
time between the Borrower and the Bank. In default of such payment, the Bank may without prejudice to its rights
hereunder debit the amount of such commitment charge to any of the banking facility account (s) namely the cash
credit/overdraft or any other account(s) of the Borrower and the same shall thereupon form part of the moneys
hereby secured.
21. The Borrower has and shall continue to have the necessary powers to enter into this agreement and do all things
incidental thereto and the Bank shall not be bound to enquire into the powers of the Borrower and this security shall
not be affected by reason of absence or deficiency or excess or irregularity in the exercise of any powers of the
Borrower.

22. The officers or agents or nominees acting or purporting to act on behalf of the Borrower in this respect and
executing these documents have and shall continue to have the necessary powers from the Borrower and further that
the Bank shall not be bound to enquire into the powers of any officer or agent acting or purporting to act on behalf
of the Borrower and this security shall not be affected by reason of absence or deficiency or excess or irregularity in
the exercise of any powers of any such officers or agents aforesaid.
23. Any delay in exercising or omission to exercise any right, power or remedy exercisable by the Bank under these
presents shall not impair any such right, power or remedy or be construed to be an acquiescence in any default, nor
shall the action of the Bank in respect of such default or any acquiescene affect or impair any right, power or remedy
of the Bank in respect of any other or subsequent default.
24) This Agreement shall not prejudice the rights or remedies of the Bank against the Borrower irrespective and
independent of this agreement in respect of any other advances made or to be made by the Bank to the Borrower.
The Borrower agrees that in the event of the Bank receiving intimation from the Reserve Bank of India of any
default by the Borrower in payment of any one or more installments of the loan and /or interest due and payable to
any financial institution/s from whom the Borrower has taken any advance or otherwise borrowed any moneys, the
Bank shall be entitled to stop any further operations by the Borrower in the said banking facility account (s) and the
Bank shall be at liberty to refuse to make payment of cheque/s drawn by the Borrower to the debit of such account
(s) and the Borrower shall not hold the Bank responsible or liable in any manner by reason of the Bank's refusal to
make payment of such cheque/s and the Borrower further agrees that in the event of there being any fixed deposit
account, recurring deposit account or any time deposit account with the Bank in the Borrower's name, the Bank will
be at liberty to withhold payment to the Borrower of the amount/s deposited with the Bank on the date/s of maturity
thereof and the Bank will be entitled in its sole discretion to appropriate the balance or proceeds of such deposit
account/s on or before maturity and towards any advance/s granted by the Bank to the borrower or remit the balance
in any of the said facility accounts or the proceeds of such deposit accounts as the case may be, to any financial
institution/s from whom the Borrower may have taken advance or borrowed monies and has defaulted in making
payment thereof or interest thereon as aforesaid.
25. Any demand or notice to be made or given on or to any party hereto may be made or given by leaving the same
at or posting the same by registered post in an envelope addressed to such party at its Registered Office or Head
Office or Local Head Office as the case may be and every such demand or notice shall be deemed to be received at
the time at which it is left or at the time at which it would have been delivered in the ordinary course of post at the
Registered/Head/Local Head Office in question.
26. The Borrower shall pay on demand to the Bank the costs between attorney/advocate and client incurred by it in
connection with the preparation, engrossment and stamping and execution of this Agreement and of any guarantee
or other security executed contemporaneously herewith in connection with the advance hereby secured and of the
registration of this security with any authority pursuant to any provision of law and all other costs (between
attorney/advocate and client) incurred/to be incurred by the Bank in connection herewith or with the enforcement or
realisation of the security or attempted enforcement or realisation of the security hereby created or the protection or
defence or perfection thereof or for the recovery of any monies hereby secured and of all suits and proceedings of
whatsoever nature for enforcement or realisation of the security hereby created or the recovery of such monies or
otherwise in connection herewith or in which the Bank may be joined as party or otherwise involved by reason of
the existence of the security hereby created.
27. If the Borrower be more than one individual, all shall be bound hereby jointly and severally and if the borrower
be a firm such firm and all members from time to time thereof and all retiring members shall be bound hereby
notwithstanding any change in the constitution or style thereof and whether the firm shall consist of or be reduced to
one individual. No changes whatever that may take place in the constitution of the Borrower or the Bank (whether
by amalgamation or otherwise) shall impair or discharge the liability of the Borrower hereunder. The Borrower, if a
firm shall not, however, make any change in the firm without previous reference to the Bank.
28. It is hereby further agreed by the Borrower that the sanctioning letter/s issued by the Bank sanctioning the
banking facilities shall always be deemed to form part of these presents and be deemed to be incorporated herein
provided that in the event of any conflict between such sanction letter/s and these presents the provisions of this
agreement shall prevail and take precedence.
In witness whereof the Borrower has set and subscribed its hand/affixed its seal hereto on the day and the year first
herein above written.
FIRST SCHEDULE
Nature of Limit Rate of Int./ Security Margin of
Banking Commission stipulated security
facility

___________________________________________________________________
SECOND SCHEDULE
I. The whole of the Borrower's stocks, both present and future and including but without prejudice to the generality
of the foregoing words, all stocks of raw materials, work-in-process, semi-finished goods and finished goods such
as........................................................................ ..............................................................................................................
........................................ ..................................................................................................................................................
.... ..................................................................... packing materials and stores etc. whatsoever and wheresoever situate
and/or in transit whether now belonging to or that may at any time during the continuance of this security belong to
the Borrower or that may be held by any party anywhere to the order and disposition of the Borrower.
II. All the present and future book-debts, outstanding, monies receivable, claims, bills, contracts, engagements and
securities which are now due and owing or which may at anytime hereafter during the continuance of this security
become due and owing to the Borrower in the course of its business by any person, firm, company or body corporate
or by the Government of India or any State Government or Indian Railways or any Government Department or
Office or any Municipal or Local or Public or Semi-Government body or authority whatsoever including those
relating to the assets leased out and/or given on hire purchased basis.
III. All the tangible movable machinery and plant and cranes, boats and crafts and the vehicles of the Borrower
together with spares, tools and accessories and other movables, both present and future, and the furniture, fixtures
and fittings and office equipment whether installed or not and whether lying loose or in cases which are now lying
or stored in or about or shall be brought into or be stored or be in or upon or about the Borrower's premises and
godowns or wherever else the same may be or be held by any party to the order or disposition of the Borrower
(including those on lease or hire-purchase) relating or pertaining to the Borrower's works at__________________.
__________________________________________________________________________________
29.
IN CONSIDERATION of the loan facility/advances extended to me/us by the Bank and those which you
may at the discretion of the Bank be extended to me/us from time to time, I/We do hereby unconditionally and
irrevocably agree as a condition of such loan/advances extended to me/us by the Bank that in case, I/We commit
default in the repayment of such loan/advances or in the repayment of interest thereon or any of the agreed
instaloment of the loan on due date, the bank and/or the Reserve Bank of India will have an unqualified right to
disclose or publish my/our name or the name of our company/firm/unit and/or its directors/partners/proprietors as
defaulter/s in such manner and through such medium as the Bank or Reserve Bank of India in their absolute
decretion may think fit.

LETTER OF CONTINUING SECURITY (WITHOUT NEGATIVE LIEN CLAUSE)

BANK NAME XXXXX Place : _________________
______________ branch Date : __________________
Dear Sirs,
With reference to the Demand Promissory note / joint & several Demand Promissory Note for Rs.
___________________(Rupees____________________________________________________________________
______________ signed by me/us in favour of the Bank and handed over to you to be held against
the________________________account in the name _________________________________ I/We hereby place
on record the fact that the said Demand Promissory Note is to be treated as a Continuing Security for the balance
and interest from time to time due to the Bank and the said ______________________________________ account
is note to be considered to be closed for the purpose of this security and the security is not to be considered

exhausted by reason of the said ___________________ account being brought to credit at any time or from time to
time.
I/We confirm that the balance at the debit of my/our account is repayable on demand, I/we further agree and confirm
that you shall by notice to me/us increase the rate of interest specified in the said Demand Promissory Note.
I/We further agree and confirm that I/We shall bear and pay interest at the rate of_________ % over Prime lending
Rate of the Bank per annum Plus Interest Tax with monthly/Quarterly / half yearly / yearly rests or at such rate or
rates as the Bank may specify to me/us in writing in accordance with the Bank's prime lending rate and my/our
credit rating with the Bank from time to time.
The said account will be operated by the persons as may be nominated by Board of Directors from time to time and
the indebtedness caused by such drawings from time to time will be binding on me/us jointly or severally.
Yours faithfully
DM TUTORIAL