Professional Documents
Culture Documents
DOCUMENTATION
R.V. SHASTRI
Chairman & Managing Director
R.NATARAJAN
General Manager
Manual on documentation was first brought out in the year 1983 and the
second edition in 1992. The banking scenario witnessed a sea of change during
the last decade; as a result, a number of
number alone were given. But in this edition, specimen documents even without
distinctive numbers have
been
incorporated.
edition is made comprehensive and complete in itself without the need for
cross- references to the previous editions.
3. Considerable efforts have gone into updating this manual. Branches
should make use of this manual to the fullest extent and ensure that proper
documents are taken for each advance. While getting documents executed,
Branches should be guided by Banks Book of instruction and other circulars
issued from time to time. Any suggestion regarding this publication is welcome
and may be addressed to Management Services Department, Central Office.
Contents
Page No.
Part I
Introduction to Documentation
Part II
Part III
23-31
Part IV
35-61
Part V
Specimen of formats:
Sec. (A) Documents with distinctive number
3-15
67-244
399-460
PART I
INTRODUCTION TO DOUCMENTATION
General
1. Documentation is an essential part of
chargeable
relationship between
the
lending
duty
shall
and
writing.
Hence
correct
execution.
properly
and
and
be
with
duly
An unstamped or
documents
stamped,
should
properly
be
rightly
executed
and
Permission
however
can
be
create the
to admit
proper
in evidence, on payment
should effectively
recitals,
give
detailed
an unstamped or
of
certain
the
case
Any deviation
penalties in addition to
duty
of
with
which
an
Instrument
required
from the
however, be remembered
Controlling Administrative
the
to make
It must
that
unstamped
registration
of
charge
with
the
or
up the
exchange
insufficiently
Registrar
of
is
an invalid
Registrar
of Companies should be
cannot
be
penalty.
unstamped
2. Stamping
or
insufficiently
Madhya
Pradesh
and
Uttar
by paying penalty.
Stamps
3.
Adhesive
Non-Judicial
Bills
(Used
for
Stamp
all
documents,
Paper
commercial
such
are
Exchange,
affixed
Shares,
on
etc.
deed,
documents
deed,
If special
Adhesuve
or
impressed
Attorney,
not readily
partition
sale
deed,
gift
Mortgage
deed,
the
stamp
when
value
on
Special
Stamps
the
Adhesive
available
Hundi Paper
Adhesive Stamps
a.
of
Stamps
as
agreement,
c.
documents may be
executed
paper
states.
b.
Revenue Stamp
c.
d.
e.
Insurance Stamp.
f.
Notary Stamp
g.
Consular Stamp
document.
h.
i.
promissory
notes,
acknowledgement
receipts
Therefore the
non
judicial
and
of debts (Revival
letters).
canceling a revenue
Bank seal.
the signature.
This
must be done
10
of
the
declared
the purpose of
Stamp
Act,
1889.
borrower.
e. The stamp may be affixed and cancelled
with date by
stamps.
in
the
is
Manager
form
Branch
required to be used.
Required
Special Adhesive
Stamps
details.
above,
of
borrower.
before
or
at
the
time
should be drawn on
to contravention of law.
c. Branch
seal, should be
put on the
and
cancelled
by
hundi paper or
Treasury
before
Foreign Bill
Stamps
are
to
be
affixed
before
negotiation or presentation.
Execution
presence
maintained by the
branches to ensure
The parties
specimen signatures.
If a document
or over-writing
or interlineations in the
or
interlineations,
must
be
All
if
any,
3. Amount
4. Date of document.
authenticated
the
addition to signing
executants
at the end of
in
5. Form
each
6. Due
date
for
taking
confirmation of balance/
However
of
documents
number
revival letter.
later
letter.
Executants
10.
All
persons
competent
contract,
can
However
any document.
register
should
be
signed
by
the
execute
to
minor,
documents.
lunatic
or
an
persons
11.
a.
In
the
case
of
illiterate
therefore,
it can be treated as a
by
while
the
contents of the
person
affixing
the
thumb
may be
obtaining
as well as
detailed above.
In such
person
read
over
and
explained
to
the
jointly
with
a blind
another
person,
the
and he/she
before
Left
Shri/Smt
thumb
impression
..
taken
create
mortgage,
charge
revival
etc.
by
of
by
Magistrate) and
left
hand
taken). Before
concerned
the certificate
the
agent. Before
the loan
documents
of documents by blind
persons
explained to the
of Attorney, the
documents should be
to open a SB Account.
The Loan
Attestation (Witnessing)
12.
revive
Gift
of
Will
borrowers
deed,
immovable
Sale
deed
property
or
loan
agreement
and
acknowledgement
will
DPN.
not
Renewal
13.
diarise
the
for
renewal
of
Comprehensive
against the
part
should
after 27
payment
be
under
entered
their
in
the
signature.
Documents
Special precautions
Memorandum
to
ensure
that
and
it
Articles
authorises
of
the
specific purpose.
15.3
It
is
therefore
necessary
allowing
of the undertaking.
Manager
should
The Branch
ensure
that
advances
before
(other
than
the
of the Companies
character)
to
(i)
Public
Limited
Companies
or
(ii)
Private
Limited
Act, 1956
are
these
meeting.
Company
limits,
Certified
prior
copies
resolution
of
such
undertaking,
or
undertaking.
of
the
whole,
mortgage,
All
Signatory
3.
4.
company.
Companies
further
Act
private
limited
documents
future,
company
Central
execute
the
should
in
the
limited
an
company.
invitation
is
made
by
an
In
the
case
all
including
registration:
a.
2.
Companies,
b.
Limited
companies
Private
of
c.
therein;
d.
e.
property of the
g.
h.
i.
prescribed
time
of
30
days.
a charge on goodwill, on a
unencumbered
in
any
way
and an undertaking
encumbered
without
Registrar
Companies(ROC).
of
refer
of
registered are
with
Form
13
under
the
company.
circulars
For
(e)
detailed
3/95-96
dt
1/96-97 dt.
12.06.96.
15.7 Affixing of Companys common Seal
the
the
An
as
and
executed
by
the
the
Directors/Secretary
authorised
firm.
17.
security offered.
documents as proprietor
by affixing
Pegging of Deposits/Loan
advances
18.
signed
by
documents
all
the
should
be
partners
.If,
Branches who
that
specially
deposits
authorised
by
the
the
investments
and
by
loans
way
by
of
the
partners/directors
should
their
letter
of
authority
is
given
in
Annexure.
obtain
should be pegged
letters
deposits/loans
from
during
the
the
be
Title Deeds
19.
a.The
title
deeds
must
be
of them must
be executed by the
deposit
the Branch.
No. 379A
Board of Directors.
owners.
The power of
For purpose of
accompanied
by
Registered
A supplementary narration
On
record.
If
there
is
any
intervening
from such
mortgage.
to
The
Revival of Mortgage
period
any
one
of
the
following
i.
Signature of Mortgagor
properly
filled
and
signed
borrower/guarantor
over
by
the
Revenue
Guarantees
20.a.
Joint
Stock
Company(Limited
Company)
Branches
should
examine
the
title deeds.
power either.
iii.
Whenever
In case of Registered
limitation
an
terms.
can
be
extended
by
20.b. Partnership
Rs(Rupees
Only ) as on ..and
Guarantees should
be obtained in
Place:
Date
execution
of
loan
documents
by
the
borrower.
Lead Bank.
carefully as
f.
Working
capital
consortium
debts.
Consortium Advances
financial
institution
join
together
in
company
Participating
themselves.
in
favour
Banks
of
-
to
the
be
agreement.
executed
1.
When
the
working
capital
the
consortium
banks only.
by
i.
Undertaking
letter
from
the
23-6-89.
j.
2.
Lead Bank.
advocates/solicitors
circulated
is
share
the
security
equally
without
Agreement
agreement
sanction
Dear Sirs,
Financial
assistance
to
of
the
created/
mortgage
to
be
and
charge
created
by
.(hereinafter
called the Borrower ) in our favour in
respect of the Borrowers immovable and
movable
of
realization
without
any
of
the
participating
together with
default
..
of
/loan
commitment
premia,
costs,
charges
in such
charges
assets
in respect of
Yours faithfully,
on
behalf
of
subsequent
execution
of
be filed.
itself
to
for
other
Insurance
22. All securities such as stocks, buildings,
machineries,
security
of hypothecation as
risk
participants.
with
necessary.
of
getting
their
approval.
favour
of
the
individually
or
registered
with
institutions
jointly, it
the
either
should
be
Registrar
of
Category
Type of risk
Type of assets
a. All category of Priority Sector advances Fire & Other risks Equipment and
upto and inclusive of Rs.10,000
Current assets
b. Advances to SSI Sector upto and
inclusive of Rs.25,000 by way of
i.
Composite loans to artisans village
and cottage industries.
ii. All term loans
Fire
iii. Working Capital where these are against
non- hazardous goods/Current assets
Fire
Fire
-doEquipment
Current assets
up the
and
the
it has to
branch,
and
execute
in
the
can
Manager.
The
the
presence
of
documents
the
cancel with
their full
signature
mentioning the
about the
identity
of the party.
actual date of
to
good
the
concerned
branch
under
by
the
Officials/collector of stamps.
specifically
that
the
named
made
Treasury
Office/Central
for effecting
account.
branch)
should
obtain
creation
and registration
of charge
entire limits.
the date of
the following,
24.
Advance
accounts
transferred from
can
be
one branch to
in cases where
along
acknowledgement
due.
It is also
rectifiable
mistakes
by
pointed
out
the
Copy of permission
account.
Office,
permission
from
for
the
Regional
2.
from
the
party
duly
3.
branch
4.
Latest
copy
of
sanction endorsement
of limits
(copies
sanction
of
all
endorsements)
5.
transfer
from
the
last
sanction.
6.
Inspection
extract
report on
of
the
transferring
the
confidential
note
any
limits
7.
debit
the
obtain
mortgage,
should
facilities,
as
supplemental
while
formalities
with
the
experience
recommendations
about
the
are
branches should
complied
note to obtain
meeting, for
receipt
of
the
above,
transferring the
account. A supplemental
On
with,
party.
ensuring
companies,
agreement
the
open the
of
from
advice
received
ensure that
necessary
endorsement
from
the
but
documents
very
whenever
credit
should
handle
expeditiously
opened by the
transferor
Bank/beneficiary
the guarantee
account to another
receipt
of
of
bills,
branch.
transferor
On
branch
forward
the
documents
registered
post
with
the
be
negotiating
advised
Bank
about
the
the
document
Banks
risk
at
the
and
Office.
An
of the guarantee,
ensure
prompt steps.
While taking over an account from
another bank
25. Branches can take over a borrowal
account
obtaining
from
another
permission
bank
from
on
Central
credit
facilities
exceed
2. Obtain
letter
from
the
9. Send
the
Bankers
Cheque
letter
through
our
bank
messenger only.
authorising
of
authority
payment
to
the
transferor bank.
by
Central
in
to time.
Office/Regional
Office
the account.
7. To the debit of the Loan/Cash
2. Exchange
the Bankers
Cheque/Cheque
on
Credit
account,
prepare
Reserve
the
Register
clearly
indicate
as
to
of
Companies
a.
loans
the
present
from
for
accounts
/guarantee
detailed
account
other
/security
documents
For
loan
messenger.
New
b.
28.4.98.
from
the
borrower
and
fresh
guarantor.(If
there
is
any
one).
revival
letter
balance,
or
or
confirmation
any
letter
of
of
Modification of charge
advances
to
Office.
Department
at
Central
Office/
documents
for
the
Advances
supplemental
measures
barred debt.
Department
concerned
obtain
remedial
deeds
are
to
be
(Refer
permanent
circular
ADV
limit
The
General
Hypothecation
with
the
same
security 110F
and
schedule
column
110G
All present
elsewhere.
110H
Branches should note that we can
Creation
of
(Machineries
Collateral
&
Security
Current
Assets)
stipulation
only
movable
hypothecation
things
in
agreements.
secure
that
for
in
addition
loan
limits.
collateral
to
securities
the
usual
responsibility
responsibility
Institutions
the
branches
mortgaged.
It
is
sufficient
to
take
of
safeguarding.
towards
Financial
includes
Financial
informing
Institutions.
should
keep
Hence
with
the
charge in favour of
same
in
Register.
record
the Financial
Document
Similarly
the
fact
Execution
branch should
that
Financial
prior
given
30.
Branches
must
obtain
assets
provided
Financial
us
to
the
company.
Further
current
of second
has
favour of
holder
either
addressed
to
the
When a
bank.
borrower
is
limited
passed
conditions.
necessary
Thereafter,
authorising a
Director to
documents as may be
charge
on
machinery.
second
Then
an
sent
purpose
of
extending
the
mortgage.
assets.
The extended mortgage will cover the
fixed assets such as land, building,
fixtures, fittings, plant and machinery
(fixed) in order
to have a second
way
of
equitable
mortgage,
the
stated above.
credit/packing
on
as
respect
behalf
of
the
Bank
also
borrower
of
other
is
already
working
capital
writing
the
as:
borrower,
the
charge
holder
respect
borrower,
of
Limited
modification
Company
of
charge
Accountability
without
holding
the
second
charge
on
first
obtaining
proper
Deputy
Manager
hypothecated to:
1)Bank
.(Name
of
the
completed
first
chargeholder)
and
signed
by
the
obtained
in
respect
of
each
loan/advances.
Branch
Chief
Manager
Manager/Manager/Senior
/Senior
Deputy
should
himself
send
the
above
with the
regarding
Branch
Death of Borrower
deceased borrower.
PART-II
DESCRIPTION OF DOCUMENTS WITH
DISTINCTIVE NUMBERS
PART III
Part IV
Securities/Relief Bonds/
letter
from
the
owner
as
security
for
the
Obtain
documents
as
per
instructions.
5.
Forward
the
Government
in
order
and
Government
are
number
of
in
renewed
before
endorsement to be Bank).
6. Enter all the particulars in the
Security Ledger and Loan Ledger.
7. Retain margin as per instructions.
8. On obtention of the Government
Promissory Notes from Public Debt
Office, release the loan amount.
documents
and
closure
is
not
are
issued
without
custody of
the
patras
5.
Advance
against
National
as
Patra/10
NSC
year
social
security
certificate
may
be
taken
with
suitable modification.
6. For advance against 10 year
Social
Security
Certificate,
documents as applicable to
taken
with
suitable
invested
3. Borrowers
should
not
and
value of certificate
suitable
repayment
pledged as security.
months
time
of
At the
enforcement
of
may
be
fixed
certificates.
Margin
and
repayment
as
per
guidelines, if any
Rules, 1982
Trust of India
Refer Annexure
12.
1. Obtain
documents
as
3. Obtain
addressed
to
Post
Office
the
the
Obtain
F396.
name
of
pledgor.
acknowledgement
in
blank
transfer
deed
office
of
the
Trust.
Forwarding
letter
as
per
case
Annexure 8.
of
fixed
Deposit/Reinvestment Deposits.
6. Follow-up
and
obtain
the
the advance.
prescribed
different
branch,
before
document
the
details
distinctive
of
security,
number,
date
its
of
8. Margin
writing.
the loan
ledger.
the
(Fixed
Deposit
other
discharge
joint
the
depositors
receipt
for
to
the
3.
case
of
dematerialised
In the
shares.
necessary.
Advance
against
Shares
and
4.
Debentures
the
Ensure
1.
respective
company
in
2.
3.
the
4.
5.
6.
borrower
as
far
as
possible.
services
Mumbai (Metro).
5.
For
at
limits
Regional
Office,
exceeding
Rs.10
company.
shares
should
be
transferred
1.
2.
Whenever
the
ensured
the
said
easily traceable.
shares/debentures/bonds
are
that
limit/limits
of
unconditional
in
For this
against
days
voting
rights
shares/debentures/bonds
securities
are
dematerialised
held
form,
from
register.
in
the
party.
be
taken
Authority.
by
of
separate
will
date
registration of transfer.
regard
the
the
However,
opening
for
each
less
margin
or
lower.
arrived
the
fortnight.
securities
pledged
by
the
In case of
atleast
once
in
Company
wise,
Banks
name
immediately.
a. Recording of withdrawal
Security Register.
b.
Company is
c. If
the
withdrawn.
shares
were
with
deed
the
property
d.
in
is
the
party
wise
14.
15.
16.
owner
against
feasible
determine
not
immediately
to
repayment
programme.
17.
acknowledgement.
programme.
paid
holders,
shall
up
capital
maintain
and
register
reserves
with
Reserve
Bank
of
Indias
long
term
advance
of
the
Company
Authorised Capitalshares
_______________________________
_______________________________
_____
Sl. No. Date
Company
Face value
are lodged
each
ordinary/
preferences etc
share
Subscribed
Capital
1.
up
capital
of
holding..
. Rs. .
(30% of the paid up shares capital of
Market value
Total Market
No. of
shares
Paide up value of
Initials
of each
shares
Value
under security
Shares under security
Balance Cr.
Deposited withdrawn
Balance
Dr.
11
10
12
Regional Offices.
maintain
register
with
extended
individuals)
Officer
resources.
In the case of
to
corporates
to
meet
(not
to
promotors
Undertakings.
Prior
If not, arrangements
Property
Act
are
not
to
be
accepted.
ii. The minimum margin on loans to
cent.
iii. The
ceiling
limit
for advances
of policies.
II. Procedure
a. Scrutinise
policy
as
mentioned above.
b. Obtain
the
the
prescribed
documents.
c. Obtain
the
Last
Premium
on the anvil.
witnessed.
accompanied
by
Wording
of
of Instruction.
the insured.
ensuring
that
payment
or
premia is made.
l. On receipt of the insurance
adjustment promptly.
h. Enter
the
policies
Miscellaneous
in
the
Security
Register.
of
after
Surrender
margin
the
loan
value
or
minus
loan
the
amount
whichever is lower.
Policies.
assignment
Mark
the
drawing
vacates
the
ledger.
k. Obtain a standing instruction
General
1. Quality
payment of premia.
alternative,
diarise
In the
the
due
premia
receipts
thus
and
Quantity
easily
ascertainable.
2. Readily marketable.
3. Not subjected to violent fluctuation
in price.
4. Not subjected to rapid deterioration
in quality.
10. Godowns
and
storage of foodgrains.
is
not
exceeded.
cleaned
hoarding.
different
are
of
cost
price
of
moisture.
12. Preventive curative treatments are
Merchandise to be seen.
Godowns
13. Record
range
and
individual
town limits.
Register.
main
door
being
locked
engraved.
godown premises.
In case of
evidencing
Storage
1.
Storage to be effected
c. Leaving
sufficient
and
uniform
Valuation of Stock
safe.
8. Arrange for insurance and enter the
Central
Office
the
maximum
particulars
advance
rate
and
minimum
Register.
in
Insurance
Policy
Advances Register.
10. As far as possible, goods under
pledge to the Bank, should be
of
the
account
of
the
cum-Drawing
based
on
Power
Register
godown
keepers
certificate.
less margin) (value = Market price
or cost, whichever is lower)
the
particulars
Inspection
1. Conduct
4. In
borrower.
case
in
of
inspection
at
irregular
loan,
enter
Demand
Loan
6.Obtain
borrowers
owners.
person only.
godown.
8.Delivery
order
countersigned
should
by
the
be
goodown
keeper.
10.Receipted
are followed.
and
also
delivery
orders,
on
Godown
the godown.
Release of Merchandise
1.
1.
2.Enter
the
released
in
particulars
Godown
of
goods
Inspection
2.
of
goods
stored
Register.
specified
merchandise.
cash credit.
3.
4.
for
A
An
the
storage
particular
certificate
undertaking
to
in
effect
Insurance
Documentation
one
godown,
necessary
of
name
board
hypothecation
the
goods
and
indicating
should
be
prominently displayed.
4. Certified
stock
statements
market
rate
or
invoice
price,
whichever is lower.
Register.
those
permitted
by
Central
against
Merchandise
General
be
need-based
and
purpose-oriented.
2. In
view
collateral
of
the
security
risk
or
involved,
a
sound
Power.
Banks clause.
4. Description
of
the
goods
and
account.
should be correct.
borrowing
value
of
the
hypothecated securities.
7. Insurance
Policy
should
be
account.
Register.
Inspection
1. Inspection
of
stock
under
margin.
14. Composition
hypothecated
and
age
of
stocks
the
intervals,
once
are
Manager
and
satisfactory.
stock
again
Deputy
by
the
Manager.
by the
records
and
stock
stock register.
Insurance:
SRCC.
Jewel Loans
Branch
1. Ensure
loan card.
identifiable.
b.
c.
d.
8.
loan
number
Adequate
margin
for
9.
wax,
a safe.
string,
fastenings,
Jewel
In
all
cases
10.
exceeding
for
identification,
by an approved goldsmith
/appraiser.
of loan.
11.
to
from
3. Obtain documents.
weight,
the
safe
(Movement
register)
fineness
12.
and
register
must
be
Movement
of
Rs.10
with
minimum of Rs.100/-.
14.
joint custodians.
over
15.
Enter
the
printed
stamp
and
revenue
a.
borrower.
b.
Obtain
partly
(An
affidavit
as
per
repayment
of
entire
outstanding.
d. Enter
in
jewel
f.
Bank
and satisfactory.
cover
the
balances
g.
Obtention
of
1.Ensure
of creation of mortgage.
in original.
place
refer
para 7.
d.
All
collateral
security
for
persons
property
continuing
as
interested
owners
in
the
must
be
present.
the
owners.
Limited
companies,
narration should be as
follows:
Shri/Smt/Sarvashree
Diretor/Officer of M/s.
Register.
h.
Entries to be verified
Manager/Deputy Manager.
i.
deposit
he/
they
stated
Register.
j.
intent
to
create
that
a
Bank
security
as
for
continuing
advances
Shri/Smt/Sarvashre.called at the
bank
by
and
deposited
the
above
the
Bank
of
M/s.Company
Ltd. By way of ..
(Mention
facilities)
upto
k.
nature
or
an
c. Register
of
otherwise
extent
of
the
Registrar.
5. If title deeds stand in the
Rupees
..(Rs.)
and
other
of
Company
by a power of attorney in
for
all
the
kept
should
be
obtained
on
the
subsequent day
3.Registered
along
with
the
8 Para 19.
Memorandum
of
a.
powers
to
one
of
the
power
certified
4. Registered Mortgage
attorney
copy
of
and
the
a. Follow
the
procedures
outlined
in para 1.
b. Mortgage deed to be
drafted
of
by
the
approved lawyer of
the Bank.
lawyers
original,
certificate
scrutinised
by
in
Banks
approved
Annexure.
(Excluding k)
h.
with
the
relative
showing
c. Request the owners of the
property to be present at the
the
postal
acknowledgement stamp.
8.
cover
9.
the branch.
Insure
the
building
with
Bank,
title
deeds
have
been
with
the
Banks
10.
17.
11.
Inspect
the
property
12.
In
case
of
loans,
enter
13.
18.
Record
the
narration
as
Limited Companies.
Shricalled
of
each
..(full description of
stage,
based
on
Architects certificate.
the
property
at
situated
the
at
15.
construction is according to
16.
Ensure
by
the
Bank
to
Shri..may be continued to
be held as continuing collateral
loan,
particularly
b. There is no interlocking
of funds.
whatsoever
and
all
costs and
Repayment
20.
Shri..Director/Officer
of M/s.Company Ltd
borrower.
situated
at
21.
ledger
..(full
recovered.
description
of
the
with
the
Bank
22.
on
as
and
when
M/s..with intent to
signing
Loan, if it is later
Bank
Term
Loan
to
M/S
Release
to
the
extent
of
of
documents:
On
Rs.
(Rupees
23.
.) may be continued to be
depositor
held
acknowledgement
as
continuing
collateral
against
in
Title
to
M/sand for
the
title
deeds
Legal
heir
can
maybe
be
independent
respectable
Deeds
is
not
acceptable
24.
In
case
Mortgage
of
Registered
and
Registered
Memorandum of deposit of
27.Limitation
enforcement of mortgage is 12
be
years.
registered
with
Sub-
Registrar.
In
case
mortgage
extended
25.
period
equitable
limitation
by
narration
confirmation
Limitation
of
any
and
will
get
supplemental
by
letter
period
for
obtaining
in
of
F379-A
registered
letter.
Advances
Receipts
sanction
or
procedure
as
laid
against
Ware
house
per
the
down
by
Regional Office.
26.
Properties
situated
at
3. Enter
Cantonment Area
particulars
ledger.
in
the
loans
area,
if
the
Verify
of
endorsee
/Registered
of
the
deeds
signature
warehouseman.
the
depositor
(Advance
or
the
first
should
be
6. Forward
(F374)
the
in
notice
of
Duplicate
warehouseman.
pledge
to
the
Obtain duplicate
and
retain
the
borrower account.
17. A
letter
from
Warehousing
duly discharged.
receipt
from
the
warehouseman
letter
authorising
to
the
partial
authorised,
releases
the
incorporated in
releases
the
are
are
Warehouse
1. General
a. Ensure borrower has a
licence
to
machinery
quantity
imported.
still
held
under
the
import
the
if
be
to
advisable to obtain a
i.e.
status
price.
report
on
the
manufacturers
and
e. Depreciated
suppliers of machinery.
c. Payment
value
the
machinery
showing basis
deferred basis.
of
and
Building
is
calculating
depreciation
and
machinery.
thereof.
rate
f. Condition
of
machinery is not on a
d. Land
e.
for
purchase
of
machinery
4. Enter the loan amount in Loan
Obtain
documents
as
prescribed.
Liability
Register
maintained
partywise.
5. Release the amount to the
3. Record
full
details
of
the
credit
of
borrowers
current
Register.
of
purchase
b. Details
of
machinery
as
per
machinery with
invoice;
identification
number
of
machine.
c. Name
supplier
receipt
requisite
margin
and
is
address.
d. Invoice
6. Ensure
obtain
Proforma
7. Specific
purchased
machinery
from
to
be
specific
Number
showing costs
borrower,
the
to the Bank.
9. A
list
of
hypothecated
be reduced.
needed,
specific
written
Inspection
Insurance
burglary,
breakdown,
SRCC,
erection
(Storage
cum
19
etc
erection
Ensure
a.
b.
insurance)
12.
recover
c.
Except
where
the
Banks
Banks clause.
tax, is obtained.
Policy Register.
Repayment
14. Recover
as
per
repayment
schedule
15.
Period
of
loan
may
be
taken.
later.
16. On
the
authority
basis
of
obtained
letter
from
of
the
permitted
authorities.
of
slings,
electrical
and
3.
by
exchange
control
Residents.
4.
Forward Contract
(Imports)
A.
1.
Purchase
Obtain
request
exporter
Forward
an
application
to
letter
from
the
customer
with
the
of
following documents:
deferred
accompanied
by
import
licence,
the
following
documents:
1. Documentary proof of export in any
a.Exchange
Control
copy
of
the
b. Firm Order
c. Cable/telex
message
through
Control Manual.
Prepare
the
stamped
as
per
rules.
(See
Annexure 30)
B. Sales
Obtain request letter from the
d. An Application on an appropriate
exchange control Form (Form A-1)
for
documents:
1.
of
the
advance
remittance
e.
2.
Obtain
R.B.I.
approval
and
funds arrangements.
11.
instalment.
12.
matter.
3.
opinions
on
the
of
that
the
reports
are
absolutely satisfactory.
Obtain
documents
as
feasibility,
per
permanent
respective
time to time.
Council.
FEDAI
10.
all
9.
exercise
term loans.
viability,
any.
8.
should
b. Periodical inspection.
prescribed.
7.
satisfied
6.
13.
machinery.
5.
manufacturer/Supplier
4.
commission
Rules
After
and
receipt
as
of
Export
Promotion
import
installment.
respects.
remittance.
(ii)
Date
of
shipment
and
6. Packing
credit
should
be
exchange problems.
f) Goods
to
be
shipped
are
of
goods
7. In case of Loans
a. Obtain Form 251 B for the entire
for
which
limit.
b. Obtain Form
is not barred.
i) Exporter is in possession of
necessary
export
quota
wherever necessary.
sanctioned.
c. A running simple loan account need
be maintained.
account.
and
regulations
in
export
of
L.C./Confirmed
e.
Except
the
loan
amount
and
in the account.
account.
drawing
power,
to
the
domestic
Maintain
recording
subsidiary
details
in
duplicate
to
register
orders,
prevailing
of
Guarantee
L.C.
Number,
rate
debited
to
customers account.
15.When bills are tendered, follow the
procedure
laid
down
for
Note
1.Advise
party
to
book
forward
and
credit.
credited
to
customers
meet
credit
such
other
expenses
of
any
by
negotiating
advance
other
expenses.
11.Obtain Stock statements and paid
invoices periodically.
contract
to
another
country
time
under
the
prescribed period.
hypothecation/pledge board.
through
Export
House/Agencies.
and
that
no
bearing
would
be
orders.
preshipment
(ii)
credit
the
certificate
of
the
Export
House/Agency
not
documents
certificate
from
accompanied
evidencing
the
by
export,
Export
are
House/Agency
and
indicating
the
Lading.
3.Obtain documents
negotiated.
received
Bombay Branch).
from
the
Export
Production
Finance
commission
at
the
4.Obtention
of
documents
and
and
partywise
liability
register.
refinance
from
R.B.I.
with
minimum of Rs.10/-.
amount,
bills/cheques
for
payment.
with
the
disbursing
authorities.
6.Advance is covered under Export
Finance Guarantee of ECGC.
Letter of Credit
The importer-customer should submit
the
following
opening L/C
documents
2.Exchange
control
copy of
for
valid
reduced amount.
In such cases,
note
from
insurance
company.
Advance against Book Debts
1.Advance against Book Debts can be
granted by way of Cash Credit only.
Original
Bank
documents
2.Ensure
a. A proper accounting system exists in
the borrowers organisation.
b. Debtors are widespread.
c.
Existence
of
satisfactory
debt
collection mechanism.
challans
months.
and
other
books
of
account.
e.
Credit Section.
Periodical
reconciliation
of the
account.
Bank.
9.No bad debts are written off without
Verification
of
goods
returned
debtors
satisfactorily
associate
accounted for
members/groups
k.
excluded
taken
permitted.
Power.
Against
firms,
interlocking
of
funds,
for
from
family
are
the
arriving
to
be
outstanding
at
Drawing
1.Ensure
books
borrower,
of
account
of
the
enter
details
in
the
Prompt
fallen due.
date
has
1.Ensure
warehouseman
and
the
a. Grade of Tea
b. Gross Weight
c. Tare Weight
d. Net Weight
e. Garden Name
f.
No.
of
chests
Break/Chest
Number.
g. Invoice prefix
h. Invoice Number
j. Year of manufacture
same.
Pacca
Delivery
Order
to
be
the broker/auctioneer.
to the auctioneer/broker.
shipping
agents
with
an
transaction
accommodation.
and
is
not
an
letter.
d. In
case
of
usance,
bills
are
adequately stamped.
particulars.
g. Goods are consigned to Banks
name in case of lorry Receipts and
order
to
ensure
that
the
jute
Mills:
any
jute Mills.
to trade in.
Demand/Usance
Bills
Purchased/Discounted (Inland)
1.
m. Satisfactory
crossing
sheets submitted.
2. Ensure
stamp
on
all
credit
reports
on
drawee of bills.
n. There
is
no
undue
time
lag
(Inland) and
are
not
drawn
on
Associate firms.
in
to
case
Demand
9.
Usance
Bills
Discounted
whether
(Documents
Acceptance)
(Documents
Payment) terms.
b.
Diarise
of
Discount
DP
against
90
days
or
as
and
watch
for
acceptance
from
the
collecting branch.
d.
Purchase
Bills
or
intimation acknowledgement
Register.
Bills
against
DA
and
Register/Usance
Bills
Demand
Current
e.
Register.
unless
Register.
6.
Collect
Exchange/Discount
and
the
bill
provides
which it is expressed to be
payable.
f.
Credit/Current
margin
debited separately.
day.
drawn
be
watched
with
14. When
the
part
received
payments
on
purchased/discounted,
schedule
are
bills
such
regarding
sent
by
letter
ortelegram.
retained
be
suspicion.
b. Whether
should
should
amount
and
in
Account
the
pending
may
be
arrival
of
goods.
amount
stored or insured.
payment; and
unpaid.
world F.
Current/Cash
Credit
account
Bills
(Foreign)
be
credited
to
the
Cash
Purchased/Discounted
Letter of Credit
Letter of Credit.
having/Import
Number
Exporter
and
respective
is
Code
registered
Export
with
Promotion
Council.
d. Mode
Payable
or
as
instructed
by
the
issuing bank.
6.Ensure invoice.
Letter of Credit.
2. Ensure Letter of Credit
unless
b. is not restricted.
otherwise.
not
required
b.
contain
offending
clauses
Commercial invoice
and
/or
consular
invoice as required.
c. Description of goods
3. Remember
Doctrine of strict
and
merchandise
correspond
under L.C.
description
4. Ensure
all
documents
are
with
in
the
credit.
of calculating it (CIF,
copies.
FOB
credit amount
within
as
per
terms of Credit.
a. Is drawn by beneficiary
b. Amount
etc)
e. Quantity
of
goods
f. Number of packages
shipped and marks
thereof given in the
invoices agree with
those
in
Bills
of
Lading.
adjustment
account
goods
not
of
or
other documents.
adjustments on prior
shipments
of
are
permissible.
i. There should not be
any excess drawing
on shipment.
the
company
its
accredited agents.
b. Dated not later than
the
quantity
actually
unless
despatched
or
unit
last
date
of
lading.
d. Full set of clean on
price is indicated in
confirm there.
port of destination as
or
issued
there
transhipment
is
at
intermediary
by
company
whether
or
port,
an
Letter
an
of
transshipment.
g. Description of goods
in the Bill of Lading
does not conflict with
the
description
as
of
Lading
are
not
acceptable.
for
negotiation.
After
discrepancies
j. Does
not
evidence
ensuring
rectified,
c. If
the
follow
documents
On Deck shipments
contain
unless so permitted
superficial
by
discrepancies,
the
Letter
of
Credit.
k. Not
minor
negotiate
made
favour
9.
out
of
in
the
or
the
bill
of
the
consignee (Importer)
beneficiary.
Obtain
unless permitted by
indemnity
letter of credit.
in
Form
Quality, Analysis
etc as
required by Credit.
10. Enter
the
Referred
bills
our
in
Register
record discrepancies.
customers,
Bills
indemnity should be
and
countersigned
If
their bankers.
by
d. If documents contain
major discrepancies.
i. Call
for
instructions
outstanding
goods
exported.
that
against
is
the
being
opening bank.
ii. Send the bit for
collection and
b. Inspection certificates
realisation.
12. a.
Enter
all
details
are genuine.
in
amounts in relation to
Purchased/Discounted
the
Register.
goods.
4.
value
of
the
purchaser concerned.
5.
document
as
prescribed.
6.
Obtain endorsement
of
Obtain
follows:
We
2.
3.
Ensure
Obtain
letter
from
the
contractor/Supplier,
a. Inspection certificates
authorising
the
responsible
bills.
for
authority
making
effect
8.
payment
to
the
16. If
is
not
Bank.
In
Register
(Supply/
payment
case
of
purchase,
the party.
17. If part payment is received
advance.
Demand
Purchase
power
Demand
Bills
Bills
Liability
Purchase
Register
maintained partywise.
10. Present
the
Bills
reduced
unless
on
received
in
any
endorsement
or
Bank.
reverse
12. Bills
entered
in
the
liability
outstanding.
need
entered
in
not
be
ODB/OUB
Register.
13. Allot
against
Hire
purchase
Agreement
1. Advance Against Hire Purchase
Separate
running
Advance
of
contra
and
balancing to be included in
exceed
ODB.
the
total
amount
of
credited
to
Current
Account
permitted
account.
Registering Authority.
11.
Enter
on
this
following
cash
credit
particulars
in
vehicles
each vehicle.
covered
under
Hire
Purchase Agreement.
3. Amount of Pronote
8. Hirers
should
execute
all
5. Margin
8. Registration No.
hirers
should
be
absolutely
reading as under.
of the vehicle.
No.
Amount
Balance
Credit.
agreement
and
in
the
payable
under
this
Agreement
10.Release the advance to debit of
Cash Credit Account and proceeds
To amount advanced
12.
3. If
hirer
continuously
defaults
advance.
1. Shipping
Guarantee:
Obtain
Bank clause.
Repayment
shipping guarantee.
a. Ensure
reference to invoice.
ii. Invoice
and
other
credited
to
remittances
borrowers
to
be
Current
Account.
in respect of each instalment will,
on due date, debited to
Account and credited
Credit account under
current
to Cash
irrevocable
letter of authority.
to
genuine
movement of goods.
iii. Invoice is signed
iv. Letter
relates
of
Credit
has
been
Letter
of
established
Credit
collect
has
full
been
margin
of
documents
against
payment.
Inspection
vi. If
Letter
of
Credit
has
been
of
Receipt.
hirers,
vehicle
No.
amount
inspected
periodically
borrowers
verify
the
correctness
of
the
requirements of the
constituent.
Manager.
b. Guarantee amount is
to be stamped).
of the constituent.
d.
Enter
particulars
in
Shipping
consecutive number.
When
received,
process
as
per
procedure.
obtain F 110 E.
duly cancelled.
Referred Register.
i.
Obtain
general
Hypothecation
Railway Guarantee
All the above formalities to be followed
Guarantee
Liability Register.
8. Guarantee to be signed by two
Ensure
the
account.
account.
Dr.
original
Banks
guarantee/
Liability
on
extended
Letter
of
Guarantee.
Cr. Customers Liability on Letter of
cancelled.
Guarantee.
Register
and
round
Guarantee Register.
off
in
specific amount.
21. Revolving guarantee should not
be issued.
22. Period of liability should be
to the beneficiary.
16. If no reply is received or if
clearly indicated.
23. Incorporate
the
following
all Guarantees.
Guarantee
period, if any
Rs. (Rupees .
shall
not
.
only)
exceed
..
liability to make
ADV
payment
the
of
guaranteed
amount
or any
motor
vehicle
see
Annexure 23.
transfer of ownership of a
of
motor
the
guarantee
on
or
before
Refer
Permanent
vehicle
See
Annexure 24.
Adv.194/97-
c. Form
98/6.12.97
34,
making
application
an
entry
agreement
of
of
for
an
hire
purchase/lease/hypothecati-
on
subsequent
to
Vehicle.
25.
of
worthiness
approved
fitness,
road
value
from
an
and
qualified
Automobile
agreement
of
hire
purchase
Agriculture
Crop Loans
Clause.
4. Vehicle
Registration
Certificate
upto date.
Obtain
following
documents
in
or
village
officers
society/land
Bank.
4. Valuation
Development
Report
on
officer
security is obtained.
village
officer
when
the
when
collateral
and
pumpsets
Electric
Board/Department
regarding
extension
of
power supply.
parties
and accessories.
after
repaying,
the
same
7. Estimate
and
plan
for
lands
photographs
the holdings.
applicant.
Engine
with
Pump
sets:
of
Sale
Ground
Directorate
and Adangal
the
in
Water
case
for
purchase of pumpsets as
per guidelines in force in
duly
to
pay
the
mortgage
or
Memorandum
of
Regd.
raised, etc.
co-operative
credit
Well
duly
signed
by
the
officer.
3. Valuation Report on the land by
village officer when collateral
security obtained.
4. No due certificate from Co-
operative
Development Bank.
etc.
village
Society/Land
operative
qualified engineer.
society/Land
Development Bank.
security obtained.
State Govt.
works
proposed
from
qualified engineer.
title
deeds
equitable
reports
states/Region.
Laboratory
or
from
Soil
in
Testing
case
of
reclamation.
for
Land
Reclamation
2. Chitta
and
Adangal
Extract
Adangal
Extract
Society
Land
Development Bank.
village
invoice
for
dairy
equipments / utensils to be
purchased if any
4. Proforma
officer
when
letter
from
the
supplier.
located.
6. Valuation
certificate
for
the
8. Comprehensive
insurance
of
Development
or
Mortgage
or
Regd.
of
Corporation
equitable
Banks Clause
Cattle
Insurance Scheme.
Advance to Poultry Farming
under
estimate
for
the
of
Sheep
under
fire
5. Plan
and
estimate
for
the
the
etc.
showing
fisheries
Department
the
availability
the
located.
vessel
and
engine,
hull,
marine
engine
and
boat
Piggery
manufacturers
building
yards
/
dealers
4. Certificate
security.
5. Reports
on
valuation
of
4. Valuation
of
on
the
worth
of
guarantors.
6. Where the Govt. Assistance for
for
the
Govt.
the
application
Fisheries Department
case may be
State.
of the
may be.
of
security is obtained.
8. Two copies of passport size
vessel
with
MPEDA.
10. Comprehensive
insurance
of
agricultural
advance
please
1992 Edition.
and Agri 15
gas plant.
3. Estimate
with
break
up
of
512.
4. Registered
or
equitable
Regd.
mortgage
or
branch
subsidy
to
direct
receive
the
from
the
sponsoring authority.
adjustment
Co-operative
Credit
advance.
of
the
seasonal
gas
computers,
VCR etc.
stamped.
3. Whenever
there
is
an
stove
including
fax/xerox
cylinder)
machines,
loan.
amount of enhancement.
In
to
character,
environment etc.
should be obtained.
meet
his
home
Personal Loans
granted
1.Ensure
outstanding.
a.
Applicants
are
salaried
when
commitments,
and
one
office
loan
is
duplicate (PL2).
employed
persons
with
steady
income.
the borrower.
and
sewing
clock,
metal
furniture,
water
heater,
washing
filled in.
bed,
scooter,
motor
cycle,
tables
supplied
to
18 or 24 or 30 months. For
motorcycles
(not
mopeds)
repayments up to 48 E.M.I.
could
be
considered
in
deserving cases.
16. Obtain
Documents
as
prescribed.
17. Ask the party to remit the
margin amount in his account.
with
of
durable.
the
the
of
the
discount
cost
of
the
vehicle
whichever is less
the
loan
Amount
borrower
borrower
and
with
with
amount
the
the
Credit
income.
12.
the
Bankers
Cheque,
documents
security,
taken,
nature
of
instalments received
General
complied
formalities
with
in
to
be
thereafter
case
of
Branch
1.
credit facility.
Certified
copies
of
the
6.
All
research
before
copies
renewal
of
resolution
Articles of Association.
forwarded
2.
Certificate of incorporation.
3.
Certificate of commencement
and
Secretary.
not arise)
4.
Certified
Resolution
7.
true
copy
passed
borrowing
countersigned
limited
by
the
by
from
of
Directors/Managing
Director/Managing
and
Agents/Secretaries
and
Treasurers/Managers or any
signed
by
authorised
signatories.
9.
Documents to be obtained in
delegating
5.
of
by
of
the
power
to
10. Attested
copy
of
the
13
may
be
borrowed
by
the
by
the
the
authorised
delegates.
with
Registrar
should
note
to
of
file
the
the
12.
modification of charge:
Following
constitutes
interest,
Form
(to
avoid
and
mentioning
13
the
filing
of
itself,
after
interest
rate
a. Debentures
of the company
c.
Immovable property
c. Additional securities
e. Hypothecation
of
merchandise,
vehicles,
furniture,
fixtures
etc
of
movable types.
f. Floating
the
charge
on
14.
undertaking
of
companies
In
case
of
and
public
limited
private
limited
company
including
stock in trade.
g. A charge
on
calls
i. Good
will,
capital
and
resolution
excess
General
free
authorising
has
to
Body
be
reserve
such
an
passed
in
Meeting
of
the
patent,
trademark copyright,
licence
copyright.
under
lien
should
be
PART V
SPECIMEN OF FORMATS
Section A
Rs.______________________________
Place .
Date
Stamp
Rs.______________________________
Place .
Date
Stamp
F. 15
Revenue
Revenue
Stamp
Stamp
Place
Date .19...
On demand I ..
Stamp
stipulated to be observed
and performed by him.
( c ) The borrower dies,becomes
insolvent, or has a receiving order made
against him/her allows the article to be
seized in distress or execution or under
any other process of law.
13. That the Borrower hereby agrees
that if he/she fails to pay the
monthly instalments punctually
on or before the due dates, he/she
shall be liable to pay a penalty of
R.0.015 paise per each month or
part thereof for every rupee
which he/she has failed to pay on
the due dates.
14. That in the event of the
Borrowers failing to pay the loan
instalment on the due date, the
Bank reserves the right to sell the
article/s apply the proceeds
thereof towards the loan amount
due and the Borrower hereby
agrees to accept the account of
the Bank for such sale or
realisation signed by their
Manager or Accountant or other
duly authorised officer of the
Bank as sufficient proof of the
amount realised by the Bank and
the costs, charges and expenses
in such sale or realisation.
15. That if the net sum realized 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 Borrower in or
towards payment of the balance
for the time being due to the
Bank and in the event of there
In witness whereby the Borrower has hereunto set his/her hand this .............
day of .. in the Christain year .............
Signature
(Schedule of Securities )
(Referred to in the foregoing agreement)
Signature
. (Rupees .....
Only) to the borrower in lumpsum/stages
for the purchase of ..
(hereinafter called the vehicle) described
in general terms in the schedule
hereunder:
Whereas to secure the due
payment of the said loan Rs. ...
amount
at
any
time
notwithstanding
the
Banks
acceptance for allowing the
borrower to pay the due
instalments.
5. The borrower hereby declare and
assures the Bank that the said
Vehicle is his absolute property
and is not subject to any hire
purchase agreement or charge in
favour of any other person.
6. At all times during the
continuance of this agreement the
borrower undertakes to maintain
and to keep in good condition
and working order the said
vehicle and if necessary (with the
written permission of the Bank)
replace the said vehicle and in
that event the charge created by
this instrument shall attach itself
to the replaced vehicle.
7.
.
Signature of borrower
SCHEDULE
General
description of the
vehicle
Name of Manufacture
Name of supplier or
suppliers
Year of Manufacture
Chassis No.
No.
Engine No.
Signature of Borrower
PL 7
ANNEXURE
To
Place:
Date:
.. Branch
Reg: Vehicle Loan granted to me/us
Further to the Deed of Hypothecation dated . executed by me/us. I
we furnish the following details about the hypothecated vehicle.
Description
--
Chassis No.
--
Engine No.
--
This letter may be treated as part and parcel of the said Deed of Hypothecation.
Yours faithfully.
Signature of Borrower.
PL 7
The Manager
Indian Overseas Bank
Place :
Date :
.. Branch
Dear Sir,
Ref: Personal Loan No. . For Rs.
A sum of Rs. ( Rupees .
only ) has been advanced under Personal loan as per Demand Promissory Note/relevant
document dated . executed by myself
and undertaking to repay the amount in equal
monthly instalments spread over a period of . months. I
hereby irrevocably authorise you to recover the above such instalments and interest due
thereon from my Saving Bank Account No . with your branch
until the loan is completely liquidated notwithstanding any accidental loss, theft or
damage to the article(s) purchased.
Further I authorise you to credit the proceeds of the above loan to my
Current/Savings Bank Account with you. I also authorise you to pay to
the debit of my Current/Savings Bank Account a sum of Rupees ..
being the cost of .......... purchased from him/them with instructions to
deliver the article(s) to me.
Yours faithfully,
Signature
Name
Address :
....
.
.
..
PL 8 (Revised)
From :
Place :
Name :
Date :
Roll No.:
To
The General Manager
Indian Overseas Bank
Madras 600 002.
Dear Sir,
. Loan No .
A sum of Rs. . (Rupees
only) was advanced as per Demand Promissory Note/ Relevant document dated
.. executed by myself and ..
undertaking to repay the amount in equal monthly instalments spread over a period of
.. moths. I hereby irrevocable authorise you to recover the above
such instalments and interest due thereon from the salary payable to me every month
beginning from . months salary until the loan is completely
liquidated. Further, I would like to place on record that each appropriation made/to be
made from my salary and/or gratuity shall be payment made by me and/or on my behalf
for the purpose of Limitation Act.
Yours faithfully,
Signature
PL 8A (EH) (Revised)
Stamp
The guarantor further undertakes to pay regularly all the rates and taxes on the
.. as well as the insurance premia and file the receipts as sufficient
proof thereof with the bank.
It is further agreed that if the guarantor neglects or refuses to pay such rates and
taxes on the or to effect such insurance or keep the same in
force by paying such premia, the bank may pay (though not obligatory on its part) such
rates or taxes or effect such insurance or pay such insurance premia and all such expenses
incurred by the Bank shall be recovered from the guarantor as if they formed part of the
money guaranteed by him and the security shall extend to such payments made by the
Bank.
The guarantor hereby undertakes not to create any further charge over the said
other than the charge created in favour
of the Bank under this instrument without the written permission of the Bank.
All moneys received under the Insurance effected in pursuance of this agreement
on the said .. shall at the option of the Bank be applied either in or towards
the payment of the money secured or in or towards payment of replacing the
in respect of which such Insurance money was received.
The guarantor/s hereby empowers the Bank or any one from time to time
authorised by them on that behalf without previous notice to the guarantor/s to enter the
said premises for the purpose of inspecting the said . described hereunder and
shall, when required by the Bank give full particulars to the Bank of the hypothecated
..
The guarantor shall, if required by the Bank, have the name of the Bank written in
any part of the vehicle to indicate that the vehicle under hypothecation to the Bank.
The guarantor hereby agrees and declares that in default of the payment by the
borrower of money advanced, or deemed to be advanced on demand by the Bank or in
default of condition set out therein above, the Bank shall have power, without the
intervention of the Court to take possession of the . described in the schedule
hereunder and sell . either by public auction or by private sale with or
without notice and to realise the amount due to the Bank from such sale proceeds after
defraying the necessary expenses reserving its right to proceed against the guarantor
personally for shortfall, if any.
In the event of such sale or realisation, the guarantor/s agree to accept the account
of the Bank for such sale or realisation signed by the Manager or Accountant or duly
Authorised Officer of the Bank as sufficient proof of the amount realised by the Bank and
costs and expenses incurred in such sale or realisation.
The Bank shall not be in any way liable or responsible for damage or depreciation
which the said hypothecated to the Bank and subject of this agreement
may suffer or sustain on any account whatsoever while the same shall at any time come
into the possession of the Bank.
The guarantor hereby gives the assurance that the said .. (vehicle)
shall be driven only by a person duly qualified under the Motor Vehicles Act and that in
all respects he will comply with all the terms and conditions of his Vehicles Insurance
Policy.
SCHEDULE
No.
Engine No.
Make & Model
Chassis No.
Accessories
Year of Manufacture
Tools & Plant
In witness where of the guarantor has signed and affixed his seal the
day .. month and year first above written.
..
Signature
PL 11
19 .
Dear Sirs,
I/We beg to enclose an On Demand Promissory Note for Rs. . (Rupees
) signed by me/us which is
given to you as security for the repayment of any overdraft/cash credit or any other credit
facility which is at present outstanding in my/our name and also for the repayment of any
overdraft/cash credit or any other credit facility to the extent of Rs. ...
(Rupees
)
which I /We may avail of hereafter and the said Promissory Note is to be a security to you
for the repayment of the ultimate balance or sum including interest and expenses
remaining unpaid on the overdraft/cash credit or any other credit facility and I am/we are
to remain liable on the Promissory Note not withstanding the fact that by payments made
into the account of the overdraft/cash credit or any other credit facility from time to time
the said overdraft/cash credit or any other credit facility may from time to time be
reduced or extinguished or even that the balance of the said account may be at credit.
Yours faithfully,
Signature
F 16
From
...
To
The Manager
Indian Overseas Bank
Place ..
Date 19.
. Branch
I/We .
..
request you to extend me/us financial
assistance by way of loan/overdraft/cash
credit/letter of Guarantee/Letter of
Credit for a sum of or upto a limit of Rs.
..
(Rupees ...
)
against the security of undermentioned
term deposit(s) which are offered by the
depositors in consideration of the facility
on the terms provided below:
1. Margin of . % of
the deposit amount shall be
retained by the Bank.
2. Interest % p.a.
compounded quarterly/. or at such
other rests/rates as may be charged by
the Bank from time to time shall be
applied by the Bank at any of its offices
in India or abroad and paid by me during
the next quarter/ or period of rest.
Payment in cash
Credit to my/our ..
account No with
you.
iii)
by allowing drawings in
my/our
cash
credit/current account.
iv)
issue of the letter of
Guarantee/Credit as per
request.
Purpose : (i) .
..
Occupation
Social Status
:
(SC/ST/BC etc.)
Religion
: .
Signature(s) of Applicant(s)
Deposit Receipt/
A/C No.
Name of the
Depositor(s)
Date
Issued
Rate of
Interest
Amount/
balance
Date of
Maturity
I/We .
(Name of Depositor(s))
tender herewith the Pass Book/Discharged Deposit Receipt(s) relating to the
above mentioned term deposit(s) standing in my/our names(s) and I/we hereby
authorise the bank to hold it/them as security for all moneys now owing or which
shall at any time hereafter be owing from me/us/Sri/Smt/M/s
.
Signature of Depositor(s)
60 H
..
Signature of Depositor(s)
Place
Date
(In case of any discrepancy between the English version and translated version in
other languages English version shall prevail.)
60 H
Place .
Date .
The Manager
Indian Overseas Bank
..
Dear Sir,
SECURTIY DELIVERY LETTER
(Government & Authorised Securities)
Please take delivery of the under noted securities which have been endorsed by me/us in
the name of the Bank and hold them as security for all moneys now owing or which shall
at any time hereafter be owing from me/ us ...
..
(Name of borrower)
. in any manner whatsoever.
Interest on the securities may be credited as and when it falls due to my/our ..
........................................................................................... account.
Yours faithfully,
Signature
F.64
Amount
Deputy Manager
F.64(A)
Manager
The Manager
Indian Overseas Bank
.20.
Dear Sir,
With reference to the securities standing in your books in our joint names at
present, we shall be obliged if you will hold, with benefit of survivorship, all
securities which are now or which may hereafter be deposited in these joint names.
Yours faithfully,
--------------------------------------------Each person to sign here
-------------------------------------------------------------------------------------------------------------------------------------
F.64 C
TRUST RECEIPT
Received, upon the trust hereinafter mentioned, from Indian Overseas Bank the
following goods and merchandise, the property of the said Bank specified in the Bill of
Lading as follows:
Date
Vessel
Merchandise
Dated ..
Signature
F. 65
Irrevocable
Documentary Credit
Number:
Stamp
Cable :
Telex :
Expiry Date :
Place of presentation
APPLICANT
BENEFICIARY
ADVISING BANK
REFERENCE NO.
Amount
in figures
in words
Partial despatch
allowed
not allowed
Transhipment
allowed
not allowed
Shipment/Despatch as
Article 46
From
For transportation to
Not later than
Covering shipment of
FOB
C&F
CIF
Signed commercial invoices, original plus
copies, indicating import licence no
dated . and certifying that the goods are as per order/indent/contract No
dated or as per Article 39 of UCP 500 notify
Name and address of Bank
Notify .. Name and address of Applicant
Full act of clean on board/Marine/Ocean Bills of Lading, covering port to port shipment.
Full set of mullimanded Transport document covering atleast two different modes of
transport.
Airway Bill (original for consignor) in the case of despatch by Air, indicating FLIGHT
NUMBER & DATE.
Transport document made out of the order of Indian Overseas Bank
Transport Document endorsed in Blank
Third party transport document not acceptable
Freight prepaid
Freight payable at destination
Notify party
Transport documents must not be dated prior to the date of this credit.
Short term/blank back transport documents are not acceptable.
In the case of despatch by post or courier
Courier receipt
Postal receipt
Marine insurance/insurance policy issued to the beneficiary and blank endorsed for full
invoice value plus .. percent in the courier of the credit with claims payable in
India.
Covering in the case of carriage by sea
Covering in the case of despatch by air
Indicate Cargo Clauses(A)
Indicate Cargo Clauses (Air)
Indicate Cargo Clauses (Air charges)
Institute War Clauses (Cargo)
Institute War Clauses( Air Cargo)
Insurance covered by Applicant locally.
A certificate from the beneficiary certifying that they have cabled telexed, immediately
on shipment/despatch details of despatch as under to
. quoting insurance policy No dated
(Name & Address of the Insurance company)
In the case of despatch by sea
In the case of despatch by Air :
1. Name of the carrier
1. Name of the carrier
2. Name of vessel
2. Flight number & Date
3. Bill of lading number & Date
3. Airport of departure
4. Port of shipment/place of taking incharge
4. Airport of destination
5. Port of discharge/place of final destination
5. Commodity
6. Commodity
All Bank charges outside India are for account of beneficiary/ applicant.
This document consists of .. signed pages. ( Name
F80B
Telex :
Continuation
of Number :
irrevocable
Documentary
credit
BENEFICIARY
CERTIFICATES :
Certificate from Lloyds surveyor that the carrying vessel is a conference
vessel on Lloyds classification and that the vessel is not more than 25 years
old.
Certificate issued by
to the effect that the carrying vessel is a conference vessel and is registered
with an approved classification society as per the Institute classification.
Clause and class maintained equivalent to Loyods 100A 1 and the vessel is
not more than 25 years old.
Preshipment inspection certificate issued by Society Generals De survelance
S.A. Genova or their local accredited representatives of ..
certifying
(1) that goods conform to specification in indent/order/contract no .
dated of
(2) that the carrying vessel called at the port of loading indicated in the bill of
lading presented and that the merchandise indicated in the bill of lading have
actually been loaded on board the carrying vessel
(3) That the carrying vessel is not more than 25 years old.
Certificate of . Origin in duplicate issued by a Chamber of
Commerce or attested by a Chamber of Commerce.
Analysis Certificate issued by certifying that ..
Chemical Analysis certificate issued by . certifying that ..
Health certificate (specify details of certificate required)
Others (specify)
OTHER DOCUMENTS :
Packing List
Weight List
Measurement List
Document to be presented within .. days allot date of shipment but within
the validity of credit.
All documents unless otherwise indicated must be attested in DUPLICATE. The number
and date of this credit and name of our Bank should be mentioned on all date if called
for, if the credit is available by negotiation, each presentation must be noted on reverse of
this advice by the nominated bank. The original documents should be sent to use by first
available REGISTERED AIRMAIL/COURIER and the rest of the documents by the next
registered airmail.
We hereby issue this documentary credit in your favour. Except so far as otherwise
expressly stated it is subject to UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS (1993 Revision) ICC, Parris, France publication No.500
and engages us in accordance with the terms thereof.
This documentary credit is subject to uniform rules for bank to bank reimbursement
under documentary credits. I.C.C. Publication No.525.
Sig.No.)
(Name
Sig.No.)
Authorised Signature
This document consists of signed page.
F 80 B(010087) 500 P X 25 5/2 FO 5/96
Date of
Presentation
Irrevocable
Documentary Credit
Number :
Stamp
In continuation of our
Cable/telex dated
Cable :
Expiry Date :
Telex:
ADVISING BANK
REFERENCE NO.
Place of presentation
BENEFICIARY
Amount
In figures
In words
Partial despatch
allowed
allowed
Transhipment
allowed not
allowed
by acceptance of drafts at
Shipment/Despatch as defined in UCP 500
Article 46
by negotiation
From
:
For transportation to :
Not later than
Sig No.)
Authorised Signatures
F80D
Beneficiary
Applicant
Date of
Presentation
Ref. No.
Sig.No.)
(Name
Authorised Signatories
Sig.No.)
Description
Gross
Weight
Net Weight
Advance
Rate
Value
Remarks
I .. son of
residing at ..
hereby declare, that the above jewels are my own property, which I can pledge or sell or
dispose of as I like.
Yours faithfully,
(Signature of Borrower)
F 89E
I declare that I am an agriculturist holding .. acres of land
as per details given below and this loan is required for
(Please specify the purpose)
Name of
Village
and
distance
Survey
No.
Extent of land
owned
/ cultivated
Name
of
crop
Loan
Amount
applied
APPRAISERS CERTIFICATE
Indian Overseas Bank . Branch
Date .
Jewel Loan No
Schedule of Jewellery Deposited as Security
Name of Borrower
No.
Description
Gross
Weight
Net
Weight
Fineness
In carats
Advance
Rate
Advance
Value
Market
Value
Remarks
Countersigned .
(MANAGER)
89 E.
Signature of Appraiser
To
Irrevocable
Documentary
Credit
.. Branch
Application
APPLICANT
Date of Application
Branch Manager/First Line Managers
Remarks and approval
ADVISING BANK :
BENEFICIARY
Transhipment
allowed not allowed
Please refer to UCP 500 Transport Articles
for exceptions to this condition.
by payment at sight
by deferred payment at
by acceptance of drafts at
by negotiation
Against the documents detailed herein:
and Beneficiarys draft(s)
drawn on :
From
:
For transportation to :
Not later than
:
Goods (Brief description without excessive details
- see UCP 500 Article 5)
Terms :
FAS CIF
FOB Other Terms
GFR as per INCOTERMS
OTHER DOCUMENTS:
Packing List
Weight List
Measurement List
Documents are to be presented for PAYMENT/ACCEPTANCE/NEGOTIATION
within days after the date of issuance of transport documents but
within the validity of the credit. All documents unless otherwise indicated must be
atleast in DUPLICATE. The number and date of the credit and the name of your bank
should be mentioned on all drafts if called for. The original documents should be sent
to you by COURIER/REGISTERED AIRMAIL and the rest of the documents by the
next Registered Airmail.
This credit may be notified to the beneficiary by your branch/ agent/ correspondent
Stamp
Authorised Signatory
9. It is understood that our
engagement to provide funds and
indemnify you generally shall
continue
in
force
notwithstanding any changes in the
individuals
composing
the
respective firms or in the powers
granted by the respective
companies.
10. That it is at your sole discretion
to claim payment of all drafts
drawn pursuant hereto at your
bills selling rate on the date
payment is due from me/us
unless exchange rate has been
fixed by you earlier, either (a) in
exercise of your option herein
referred to or (b) under my/our
exchange contracts with you, or
at any official rate prescribed for
such bills from time to time and
also that it is at your sole option
to fix the rate of exchange at any
time during the currency of the
credit or 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 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
.. or
(ii)
the
date
failing
on
the 10th day
from
the
date
of
receipt
of
documents
by
you,
under
the
credit in the
case of sight
bills or on
the date of
maturity in
the case of
usance bills.
In case the
10th day or
the due date
falls on a
holiday or a
Saturday, the
bills selling
rate
prevailing
on the next
working day
shall
be
applied
to
crystallise
my/our
liability.
(iii)
The
next
working day
when
the
relevant rate
of exchange
is
quoted
following
the date on
which
the
bills
are
received if
the foreign
currency
liability is
crystallised
immediately
on receipt of
bills.
(b) the forward exchange contract rate in
case a forward exchange contract has
been booked by me/us with you.
(c) the date of receipt of documents
under the credit as registered in your
record shall be conclusive and binding
on me/us.
(d) I/We confirm that crystallisation of
my/our liability on the foreign currency
bill by you as aforesaid and charging
/payment of interest at a higher rate as
under noted shall not be deemed to
create any right in me/us to keep any bill
unpaid when it is due and binding on
me/us.
11. To pay :
(i)
Your
commission
at your rates
for opening
the Letter of
Credit.
(ii) Interest to you on the amount
payable in respect of my/our liability
under the credit at the rate of
% per annum with quarterly rests or at
such rates and rests as may be revised by
the Bank on its own or as per the
instructions of the Reserve Bank of
India, from time to time. Interest at the
aforesaid rate shall be payable during the
period
from
the
date
of
payment/acceptance/negotiation of the
bill
by
your
branch/correspondent/nominated bank of
the bill/documents under the credit up to
and inclusive of the date of expiry of a
period of 10 days from the receipt of
documents by you or the date of
crystallization of foreign currency
liability as above, and thereafter at the
penal rate of .. percent per
annum with quarterly rests until
payment/realisation or/at such other rate
as may be revised by the bank, from
time to time. In case of payment before
maturity of usuance drafts, waiver of any
interest from date of payment till the
maturity date being optional on your
part. If no rate of interest is specified in
the above columns, interest shall apply
as prescribed by RBI or by the Bank for
advances to non priority sectors, from
time to time till the date of expiry of a
period of 10 days from receipt of
documents or the date of crystallisation
of Foreign Currency liability and
thereafter at the rate of interest
applicable for overdue advances.
(iii) The commission or handling charges
as prescribed by FEDAI rules from time
F104X
including
the
confirming
bank/Nominated
bank/agent
bank,
whatever name be called/designated for
making payment under the letter of
credit opened at my/our request, to effect
payment on you/their satisfaction and
that the documents are in terms of the
Letter of credit.
26.I f the drafts are required under this
credit, I/we shall bear the cost of stamp
duty, if any, and provide funds to meet it
and on my/our default to do so, the cost
of stamp duty and other expenses may
be debited to my/our account.
27. I/we undertake to abide by the
Foreign Exchange Dealers Association
of India (FEDAI) Rules and pay the
charges / interest rates as stipulated
under the FEDAI Rules.
28. Except as otherwise expressly stated,
this credit, shall be governed by the
Uniform Customs and Practice for
Documentary Credits (1993 Revision )
as contained in the
International
Chamber of Commerce Publication 500
and as amended from time to time.
Authorised Signatory
LETTER OF HYPOTHECATION
To
my/our
request)
make
my/our
account
and/or
collection
on
my/our
it
between
us
is
that
agreed
the
The
expression
Bank
shall
which
include
its
the
request
of
(hereinafter
called
the
its
assigns)
successors
agreed
to
and
grant
individuals
constituting
the
borrower personally or may be
left at the then or last known
place of business or residence in
the Indian Union of the borrower
or any of such individuals
addressed to the borrower or any
such individuals or may be sent
by post to the borrower or any
such individuals addressed as
aforesaid and if sent by post, it
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
envelope containing the notice
was posted and a certificate
signed by the banks local
Manager that the envelope was
so posted shall be conclusive.
Dated .. this .
day of .
..
.
Signature.
Stamp
F107B
FORM A
To
(Name and address of the Hirer)
Date .
Place
....................................................
Dear Sir,
We Financiers, ......................... hereby notify
that we have this . day of .. 20 assigned
in favour of the Indian Overseas Bank .. our contractual rights and interest
in the Hire Purchase Agreement in respect of Registration no.
. entered into by us on . and whereas under the said
assignment all amounts due (Rs. . as on ..) and becoming due
and payable to us under the said Hire Purchase Agreement with future interest have been
assigned in favour of the Indian Overseas Bank and you are hereby required to pay all the
sums due/becoming due and payable under Hire Purchase Agreement to the said Indian
Overseas Bank and receipt be obtained on such payments.
Yours faithfully
..
F 107 C
Re : Agreement dated
for cash credit against
Hire Purchase Documents
Please take delivery of the following :
Pronote and
Hire purchase
Agreement Date
F 107 D
Executed by
Particulars of vehicles
Registration Mark, Make,
Engine No., Chassis no. and
year of Manufacture
Amount
..
(Signature)
To
.
.
.
Dear Sir(s)
Hire Purchase Agreement dated . executed between you and M/s
. relating to Vehicle No
.......................
This is to inform you that M/s for
valuable consideration received from us, have assigned and transferred all their rights,
title and interest in the above mentioned Hire Purchase Agreement and the moneys
thereby secured, to us, our successors and assigns.
Please therefore take notice that we have an interest in the vehicle/article and
moneys secured under the agreement above mentioned.
Yours faithfully,
MANAGER
F 107 E
Stamp
The Manager
Indian Overseas Bank
Name
Loan No. ..
Amount Rs. ..
I/We hereby acknowledge to have deposited with Indian Overseas Bank
The goods documents and securities for property of money, hereunder mentioned
( hereinafter referred to as the said goods and securities in which expression are
included unless the same is inconsistent with the context any further goods documents
and securities for property or money to be deposited as hereinafter mentioned) as a
collateral security for the due payment of my/our promissory note to the said Bank dated
this day of . 20.. for the sum, Rupees . as well as of all interest
at the rate of % over Reserve Bank of India rate of interest with a minimum
of . % per annum or at such other rates as may be notified by the Bank to me/us
from time to time with . rests and charges thereon, and also for the cost and
charges of keeping the said goods and securities as a security and in case I/we shall make
default in paying the said sum of Rs. .. to the said Bank on demand according to
the tenor of my/our said Promissory Note I/We hereby authorise and empower the said
Bank or any recognised Agent there for to sell or remove and sell absolutely dispose of
the said goods and securities in such manner as they or he may think most advisable
without any reference to me/us the undersigned or consent on my/our part.
I/We further hereby authorise the said Bank to reimburse itself out of the proceeds
of the said goods and securities all costs, charges and expenses of keeping and selling the
said goods and securities, but so that the said Bank shall not be responsible for any loss
from or through any Employee/Agent Broker or Auctioneer employed in the sale of the
said goods and securities, or in any other manner whatsoever in respect of the said goods
and securities and the said Bank shall also reimburse itself in the amount of the said
Promissory Note and all interest and charges thereon, and should any balance remain
over I/We authorise the said Bank to place the amount against all such sum or sums of
money as may at the time to such sale be due or owing by or from me/us to the said Bank
upon or in respect of any other Promissory Note, Bill of Exchange or other engagement,
although it shall happen that such sum or sums of money shall not be due at the time of
such sale, and I/we further engage to pay to the said Bank the balance, if any, remaining
unsatisfied and I/we further engage to grant such further documents as may be found
necessary effectually to vest in the said Bank the said goods and securities to enable them
to sell or transfer the same and I/we further engage to maintain a margin either by
payment in cash or by the deposit of further approved goods, documents or securities for
property, money, so that the amount advanced be not more than per cent of the
market value of the goods or securities deposited as security for the time being and I/we
agree that the Banks decision as to market value shall in all cases be final and binding
upon me/us. And in the event of my/our failing to maintain such margin as aforesaid I/we
hereby authorise the said Bank to sell at any time before the maturity of my/our said
Promissory Note the portion of or all the said goods and securities for the time being the
subject of this security which may be necessary to the full payment of my/our said
Promissory Note with interest and charges as agree on. And all fresh security added is to
be subject to the same conditions as herein before stated or as stipulated for by any
separate document. I/we further agree and engage not to revoke or make viod any Power
of Attorney or other authority which I/We have given or may give to the said Bank to
enable it to sell and transfer the said goods and securities for the time being the subject of
this security.
The Bank shall not be answerable or liable for any damage arising out of
shortage, theft, pilferage, deterioration, depreciation and other causes which the said
goods and securities may suffer while in its possession or custody or in the possession or
custody of its servants or Agents including clearing Agents.
The Bank shall not be responsible for the shortage in weight of the goods pledged
since it will not ordinarily be possible to ascertain their correct weight by the Bank either
at the time of storage or release.
It is distinctly understood that I/we take full responsibility for the correctness of
the quality, weight and quantity of the goods and for their safety and insurance and for
taking such measures or precautions as may be necessary in this connection.
I/We further agree that the Bank shall not be responsible for any accidental or
willful wrong or fraud on the part of its employees committed in respect of the said goods
and securities while in the custody of the Bank.
And I/we hereby declare that I/we am/are the owner/owners of the said goods and
securities and that the same are, except for such deposit, within my/our own disposition
and control and free from any prior charge.
And I/we hereby also agree that any notice in writing requiring to be served
hereunder shall be sufficiently served if addressed to me/us at my/our address registered
in the Bank or in the event of no such address being registered at my/our last known
place of residence of business in .. and left as such address or place or if
forwarded to me/us 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.
20.
.
PARTICULARS OF SECURITIES ABOVE REFERRED TO
F108
..
Dated : 20
To
5.
6.
7.
8.
Schedule of Securities
F 109 (A)
Stamp
To
The Manager
Indian overseas bank
.
Date :
In consideration of your having this day delivered to me/us the under noted,
securities/articles covered by your custody/deposit receipt specified below which has
been lost or mislaid I/we hereby (jointly and severally) agree to hold you harmless from
and against all claims, demands and expenses in respect thereof and from an against all
loss, damage, costs, charges and expenses which may be incurred or sustained by you in
the event of the said safe custody/deposit receipt being forthcoming at any future time to
otherwise in consequence of such delivery as aforesaid, at any future time or otherwise in
consequence of such delivery as aforesaid. I/we further undertake to deliver to you the
said safe custody/deposit receipt, if and when found.
Dated . this day of ..20
Date
Description of article delivered
Signature(s) .
.
F109 (c)
Stamp
Indian Overseas Bank
(CENTRAL OFFICE :762, ANNA SALAI, CHENNAI 600 002)
LETTER OF HYPOTHECATION (IN CASE OF OPEN ADVANCES ONLY)
No. .
Amount Rs.
Name :
Indian Overseas Bank (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 cash credit
account to the extent of Rupees with the borrowers,
repayable on demand and to be secured by goods to be hypothecated to the bank. IT IS
HEREBY AGREED between the Bank and the borrowers (the borrowers agreeing
jointly and severally) as follows:
1. That the goods, described in
general terms in the schedule
which have already been stored
in the premises at .
.. and the goods
which shall hereafter be stored in
the said premises or in any other
premises in addition to the goods
now stored or by way of
substitution for and in lieu of any
goods which may from time to
time have been withdrawn, are
hereby hypothecated to the Bank
and or to be deemed to have been
so hypothecated as security to the
Bank for all moneys for the time
being owning by the borrowers
to the Bank and for the Balance
due to the bank at any time or
ultimately on the closing of the
said Cash Credit Account for the
payment of all debts and
liabilities mentioned in the 16th
Clause hereof. The expression
the balance due to the Bank in
this and subsequent Clauses of
this Agreement shall be taken to
if afterwards re-opened by
payment to credit.
21. 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 portion of the
ultimate balance of the said
account and interest in excess of
the said sum of Rs.
only or in the respect on any
other advances made or to be
made by the Bank to Borrowers.
22. That the bank shall not be in any
way liable or responsible for any
damage or depreciation which
the goods for the time being
hypothecated to the bank and
forming part of the Securities the
SCHEDULE OF SECURITIES
Referred to in the foregoing Agreement
F 110 (A)
(To be stamped as
an agreement)
Stamp
TERM LOAN AGREEMENT
This
Agreement
made
atthe
.day of
.Two Thousand
e) An
Association,
corporate,
by
and assigns.
In
Borrower is.
FAVOUR
OF
INDIAN
Office
amongst
respective
at..(hereinafter
heirs,
executors,
at
762,
Annasalai,
other
places
representatives;
expression
shall
include
its
and assigns,
grant
to
the
extent
Rs
of
(Rupees
in
the
manner
hereinafter
mentioned.
AND
the
by these presents.
2. The
Borrower
expressly
Rs.
(Rupees
purpose.
only) on
undertakes
to
repay
or
First
Payable on .
Second
Payable on . Third
installment RsPayable on
other purpose.
NOW
CONSIDERATION
of
installment
the
installment
Fourth
Rs
Rs
installment
IN
RsPayable on .
the
Fifth
installment
Rs
Payable on . Sixth
follows:
installment RsPayable on
. Seventh installment
RsPayable on .
Eighth
installment
Rs
principal
or
interest
Payable on . Ninth
installment RsPayable on
Tenth
installment
RsPayable on
annum
over
the
rate
payment or realisation of
percent
interest.
over
the
hypothecates
time to time
charge
rising and
Borrower
hereby
and
charges
machineries.
premises
September
(hereinafter
and
December
or
not)
called
more
the
securities
the
expression
securities
shall
wherever
instalments
either
of
the
additional
made
to
the
third parties.
at.
of
permit to be
the
said
loan
of
Borrower
removed the
Rs..
premises
(Rupees
at...
..only)
and
interest
thereon
by
.where
the
Bank
Borrower
for
the
preservation,
protection,
defence
and
attempted
or
actual
realisation thereof.
7. The borrower declares and
except
in
the
board or boards
are and
the
premises
machinery
are
wherever
under
displayed/fixed or painting
Borrower
The
also
prominently
place
of
the
the
desire.
borrower
whether
shall
in the
the
items
office/factory
of
shall
duly
and
account be maintained in
securities so insured or in
to
agreement.
The
Borrower
remit
11. The
cash
Borrower
or
give
shall
not,
rate
aforesaid.
received
under
All
sums
any
such
pledge
hypothecate
or
after
deduction
of
all
the
except
whereby
Borrower
the
be prejudicially affected or
whereby
creditor
subject
to
possession
in
of
the
the
any
or
the
manner
security
distress
other
or
person
insurance
amount
of
the
assessments
outgoings
and
and
other
whatsoever
covenants
and
obligations
along
with
the
interests
mentioned above.
premises
and
shall
any
books
intimation
date
or
the
on
quarterly
unpaid,
of
maintain
accounts
and
the
the
obligations
performance
Borrowers
of
towards them.
Bank
commitment
any of the
officers
commitment
shall
and
agreement
charge
whichever
is
taking
account
account
of the
and
Borrower
purpose.
the
description
valueer to be appointed by
may
and
such
such
be
advance
the
fees
valuation
secured
of
shall
by
this
Agreement.
16. The Borrower shall furnish to
Bank statements
thereof
from time
to
and
and
time
to
the
Bank
instalment of principal or
payment
books
thereof
as
of
account
and
prejudicial to or endanger or
likely
the
circumstance mentioned in
said
circumstance
or
upon
where
proceeding.
to
any
endanger
occurs
place
Loan
Account
and
The Borrower
pay
or
thereby
shown
on
demand
any
shortfall
deficiency
immediately
depreciation
still
deficiency,
the
nothing
herein
which
the
Borrower
shall
not
Agreement
Borrower
agrees
to
without
the
of
the
borrowing concern /
company
the
Bank
under
this
or
reconstruction;
(c) implement
the
proprietors,
partners or directors
of the Borrower;
new
scheme of expansion
way of deposits, or
or take up an allied
lonesor
line of business of
manufacture.
concern so long as
other
activities
trading
if
in
share
Banks
the
any
Borrower
the
however be free to
the
deposit
and
as such;
normal
undertaken
time
at
of
application
will
funds
course
by
of
business
or
if
or distribute profits
required
for
the
after deduction of
business;
(f)
(h) Borrow
or
obtain
the instalments of
credit facilities of
are
credit
being
paid
agency
or
regularly;
moneylenders
Withdraw or allow
to
purchase
the
withdrawn
or
arrangement during
of
the
loan
any
moneys brought in
by the Borrower or
loan;
security
found
documents
to
be
materially incorrect;
(d)
the
Borrower
committing
branch or default in
the performance of
or observance of any
term or condition or
provision contained
/ or in the security
documents or any
other
any
term
or
principal remaining
condition relating to
the advance;
(e) the
borrower
entering
for
arrangement
the
payment
there of;
into
any
or
(b) any
remaining
interest
Borrowers creditors
unpaid
or committing any
act of insolvency;
(f)
the
Borrower
have
due
the consequences of
whether demand or
not;
the winding up of
become
made
by
the
being
the
Borrowers
business;
(g) execution or distress
or
other
process
being enforced or
levied
upon
(j)
Receiver
being
or
appointed in respect
any
part
of
the
Borrowers property
whether secured to
of the Borrower;
(k) the
for
or
threatening to cease
liquidation
(except
Borrower
ceasing
(i)
to carry on business;
the
or
giving
of
purpose
of
threatening to give
amalgamation
or
notice
reconstruction
with
intention to do so or
Bank);
or any substantial
individual) or any of
(l)
of
its
stop
threaten to do so;
being
payment
or
adjudicated
insolvent or taking
advantage
in writing of the
of
any
Bank
insolvent debtors; or
attempt or purport to
entering
into
arrangement
any
or
charge,
create
or
pledge,
hypothecation,
or
creditors
or
lien or encumbrance
ranking in priority to
of insolvency;
charge
pledge,
depreciate
or
hypothecation or lien
jeopardize
the
or
encumbrance
subsequent
to
the
Bank; and
security given or to
(p) the
any
circumstance which
occurrence
of
event
or
would or is likely to
an accountant or a
prejudicially
firm of accountants
adversely affect in
appointed
Bank
by
the
any
(which
the
capacity
or
manner
of
the
the
Borrower to repay
authorised to do at
the loan.
liabilities
matters,
of
Borrower
the
events
or
circumstances
exceed
the
Borrower
is
carrying on business
at a loss;
(o) the
occurrence
of
event
or
circumstance which
is
to
or
for
any
likely
prejudicial
to
the
advance
to
the
impairs or imperils
or
or
of
is
likely to prejudice or
impair or imperil or
depreciates
jeopardizes
or
India,
Agricultural
Refinance
or
the
Corporation
Borrower
and
the
if
and
Bank
the
such assignment.
shall
Borrower
shall,
to
do so,
at
be
deemed
to
be
deemed to be of service of
individuals.
furnish
to
the
said
Bank,
information
manner
Development
or
report,
whatsoever
supersede,
from
extinguish
the
otherwise
possession.
Borrower
in
the
or
Banks
vary,
or
to
limit,
otherwise
and
no
delay
in
exercising or omission to
given
envelope
certificate
of
banks
any
default
of
the
by
post
shall
containing
signed
local
be
the
by
the
Manager,
shall be conclusive.
Borrower.
mentioned
If by
above
or
the
Borrower
inserted
advertisement in a newspaper
once
cannot
as
be
an
which
Agreement
such
advertisement
appears.
first
accrue
moneys,
indebtedness
and
----------------------
----------------
SCHEDULE B
Brief particulars of all other documents obtained by the Bank from the Borrower
Date of Documents
Brief Description
Stamp
Amount
(Rupees)
1.
2.
3.
4.
5.
6.
7.
8.
Nature of Facility
Amount
Amount
1.
From Rs.
to Rs.
2.
From Rs.
to Rs.
3.
From Rs.
to Rs.
4.
From Rs.
to Rs.
5.
From Rs.
to Rs.
6.
From Rs.
to Rs.
7.
From Rs.
to Rs.
8.
From Rs.
to Rs.
aggregating
to
Rs.
(Rupees
..
only)
assigns.
b) A
firm,
partners
include
for
the
the
time
and
assigns.
administrators
executors
respective
heirs
executors, administrators
and assigns.
loose
..
facilities
credit
enhanced
in
the
premises
and
at
the
fees
appraisement.
also
all
interest
thereon
and
expenses
of
Any
such
such
hypothecated
machineries.
goods
affected.
facilities
credit
BANK
punctually
receipts
enhances
and
shall
pay
duly
the
and
premia
behalf
previous
and
without
premia
and
to
to pay such
keep
such
borrowers
as
and
when
hereof.
demanding
payment
of
the
without
demanding
balance
at
the
same
payment
due
to
of
the
time
the
Bank
event
of
the
borrowers
committing
any
act
of
at
of
executing
time
thereafter
of
without
composition,
or
borrowers
said
subject
any of the
whether
of
this
the
security
or
any
notice
to
and
Deed
Agreement,
any
any
the
Securities either
of
the
Borrowers
as
aforesaid,
the
Manager/Accountant
or
other
costs
charges
incurred
in
and
such
expenses
sale
or
realisation.
apply
or
any
other
money
herein
be
Bank
contained:
shall
by
way
of
loans,
direct.
them
be
or be in liquidation or otherwise
etc.
shall
become
or
same
shall
have
been
so
advanced.
facilities/enhanced
to
facilities/enhanced
of
credit
credit
the
said
facilities/enhanced
the
said
credit
credit
be
any
account
whatsoever
as
considered
credit
exhausted
by
of
inscription.
the
Bank
against
the
furnished/to be furnished by
the
performance
of
any
time
the
are
stating
goods
in
place(s)
where
securities
kept/stored/available
distinctly
that
the
remedies
present
undertaking
and
documents
and
accounts
from
the same.
to
transfer
and
or
papers
receipts
in
or
respect of any
future
security,
time.
from
or
any
prior
charge
Hypothecation
dated..execut
ed
aggregating
it is sent.
Rs
for
the
credit
facilities
enhanced
Rs.
Letter
of
to
Hypothecation
as
Supplemental.
IN
the
hands
continuance
Agreement
shall
of
this
impair
or
WITNESS
whereof
the
this
.day
Two T housand
them hereunder.
27. The borrowers hereby agree that
the security hereby created would
translated
prevail
Signature
version
in
other
Stamp
.....20
which
is
....
to advance an additional sum of Rs. .
in my/our loan .......................... account/to
raise my/our cash credit limit from Rs. . To Rs.
..
Those
the
movables
specified
in
the
Principal
Deed/s
of
read
and
constructed
as
if
the
advance/limit
therein
mentioned
was
Rs..
AND I/WE confirm in all respects the Principal Deed/s of Hypothecation/Pledge.
IN WITNESS WHEREOF I/We have executed these Presents the day and year first
above written.
(Not to be attested)
Signature
In case of any discrepancy between the English version and translated version in other
languages English version shall prevail.
F 110 (F)
Stamp
..
on
the
....
............................. day of . ...
200 which is supplemental to the Agreement of Hypothecation/Pledge dated .
.................................................... (hereinafter called The Principal Deed/s of
Hypothecation/Pledge) I/We the undersigned hereby agree with Indian Overseas Bank that in
consideration of the Bank having at my request agreed with effect from .. to
advance
an
additional
sum
of
Rs.
...
...
in
my/our
loan
account/to raise my/our cash credit limit from Rs. . to Rs.
all those the movables
specified in the Principal Deed/s of Hypothecation/Pledge shall with effect from ......
constitute security to the Bank not only for the original advance/limit but also for the
additional/increased advance/limit of Rs. ...... and that the Principal Deed/s
of Hypothecation/Pledge shall be read and construed as if the advance/limit therein mentioned
was Rs...........................................................................................................................
AND FURTHER that all those the movables described in the Schedules hereunder together with
the movables specified in the Principal Deed/s of Hypothecation/Pledge stand security AND
FURTHER that all the provisions in the Principal deed/s Hypothecation/Pledge (including
margin) shall apply for the purpose of the security conferred by this further
Hypothecation/Pledge of the movables specified in the Schedule hereunder AND I/WE confirm
in all respects the Principal Deed/s of Hypothecation/Pledge.
The Schedule
All those the movables consisting of ..
..
..
..
......
IN WITNESS WHEREOF I/We have executed these Presents the day and year first above
written.
(Not to be attested)
Signature
In case of any discrepancy between the English version and translated version in other
languages English version shall prevail.
F 110 G
Stamp
..
..
....
......
IN WITNESS WHEREOF I/We have executed these Presents the day and year first above
written.
..
Signature
F 110 H
Stamp
(Agricultural Advances)
This letter of Hypothecation
executed at . this
... day of
200..by...
S/o/W/o/D/o ...
.aged
residing at
hereinafter called the Borrower(s)
which expression wherever the
context so requires or admits shall be
deemed to include his/their heirs,
executors, administrators, assigns
and all persons deriving title from
them in favour of Indian Overseas
Bank, a Banking company wholly
owned by Government of India
under the Banking Companies
(Acquisition and Transfer of
Undertakings) Act 1970 having its
Central Office at 763, Anna Salai,
Chennai and a branch among other
places at
(Rupees
.only)
cut of which Rs. (Rupees
.only)
for the purpose of raising crops
described in Schedule A hereto
and/or Rs. .................................
(Rupees ..
.....only)
Is for purchase and/or repair of
(nature of goods/ machinery)
described in Schedule B hereto
and/or Rs
(Rupees..
only)
Is for purchase of livestock valued at
Rs.
.
(Rupees
.only) described in
Schedule C hereto and/or Rs
(Rupees ..
.only)
Is for construction of structure on
sinking of wells in/or development
of the land specified in Schedule A
In consideration of the
above
premises the borrower(s)
hereby
agree/s
undertake/s and declare/s
that
each
and
all
borrowers present and
future crops whatsoever
and wherever raised or to
be
raised
including
standing crops on the land
though not specified by
name fully described in
Schedule A hereto and/or
all the hypothecated
goods/
machinery/livestock
described in Schedule B
and/or C hereto not kept
or hereafter kept from
time to time at yards,
godowns/premises of the
borrower or kept in any
other
premises
wheresoever whether in
transit
or
in
the
possession or control or
power of the borrower or
of the bank and all other
hypothecated goods as may come into
existence by natural increase, accretion
of purchase or otherwise shall stand
hypothecated to the bank as security for
the due payment by the bank from time
to time and ultimately and by virtue of
this agreement.
2. The borrower/s hereby
agree/s
that he/they shall repay to the Bank the
principal sum of Rs
(Rupee .
...only) On demand / by
fortnightly/monthly/Quarterly/Half
yearly / Annually on the due dates
described in the Schedule D along with
interest, commission, cost, charges and
expenses etc., provided the Bank, at the
request of any of the borrower(s) and/or
in this absolute discretion may extend
the time for repayment from time to time
and may convert one type of loan into
another type or a Demand Loan/Cash
Credit /Overdraft into a Term Loan and
the mode of repayment and rate of
interest shall be stipulated and intimated
by the Bank to the Borrower(s) and the
new terms thus stipulated will be binding
on the Borrower(s) and shall be deemed
to have been incorporated in this
Agreement and shall form part of this
Agreement and the Borrower(s) agree9s)
that any such extension of time or
conversion will not in any way absolve
any of the Borrower(s) from the
borrower(s) liability to the Bank in any
manner whatsoever and the nature and
extent of the Borrower(s)s liability and
that of the security shall subsist and
continue subject to such changes:
3.
Interest will be charged at the
rate of
________ % per annum over Prime
Lending Rate of the Bank with monthly
rests or such other rates and rests as may
be notified by the Bank to me / us from
time to time and shall be calculated and
charged as the daily balance in the
Banks favour due upon the said account
until the same is fully liquidated and
shall be paid by the borrowers as and
when demanded by the Bank.
Other to receive such notice for himself
and for others. All dealings between the
borrower/s and the Bank shall be
governed by the rules of business of the
Bank that are now in force, subject
however to the condition that the Bank
shall be entitled to charge overdue
interest as mentioned in Clause 4(a) here
below and also to compound interest
every quarter/half year. The bank shall
be entitled to compound the interest
along with the principal outstanding in
case of default of the borrower to repay
the installments on due dates.
4.
a)
The borrower shall be
liable to pay additionally, interest at the
rate of 2% or at the rate specified by the
bank from time to time over and above
the normal interest on the amount
outstanding upon the happening of any
of the following events, namely.
1. When loans/installments
are not repaid on the due
dates.
1.
When
the
account
becomes irregular due to
a.
Excess
over
drawings
drawing
power/sanctioned
limit.
4.
b.
non-submission of
stock statements.
c.
non-submission of
quarterly/ half
yearly financial
data causing delay
in review of
limits,
consequently the
limits expire and
the advances still
continue.
2.
3.
Excess
borrowings
arising out of excess
current assets as
recommended by RBI.
4.
Non-payment/nonacceptance
demand/usance bills of
exchange on presentation/
due dates.
(b)
6.
7.
(Rupees
.
and in
aforesaid.
b)
manner
c)
d)
e)
f)
To
arrange
for
registration of charge/lien or
hypothecation in favour of
the Bank with the prescribed
authorities within the time
prescribed or allowed by the
Bank.
g)
To
sell
the
cardamom/coffee through the
registered
auctioner/coffee
board/ curers with whom
his/their power of attorney is
registered. A copy of the
Registered Power of Attorney
is enclosed/will be submitted
within 30 days.
the
20.
The
Borrower/s
hereby
authorise/s the Bank to debit the loan
account and/or SB or any account at its
absolute discretion all charges, cost, etc,
as mentioned in clause 15 hereof and the
Borrower/s hereby undertake/s to
maintain sufficient balance at all times in
his SB or other account as the cse may
be to enable the bank to appropriate
such amounts as may be necessary from
time to time.
21.
b)
admission or rejection to
the claim wholly or in
part whether the claim is
made by the bank or the
Borrower.
c)
d)
That
he/it
shall
himself/itself of his/its
own accord take all steps
like initiation of filing
claims/furnishing
necessary information to
the
Bank/
Insurance
Company without being
informed of details of
loss/damage for any
reasons whatsoever.
22.
23.
In case the loan is eligible for
Guarantee cover under Small Loans
Guarantee Scheme 1971/Small Loans
their hands on
mentioned above.
the
date
Place :
Date :
Borrower(s)
The contents of this deed and the Banks
rules of business have read by/read
over/explained to me/us and I/We have
understood the same and signify my/our
consent to abide by the same.
Borrower(s)
SCHEDULES
SCHEDULE A
Crops hypothecated
Estimated
Value
BORROWER(S)
SCHEDULE B
SCHEDULE C
Sl.No.
Value
BORROWER(S)
F 100(i)
SCHEDULE D
Due Date
Amount Rs.
Due Date
Amount Rs.
In case of any discrepancy between the English version and translated version in other
languages. English version shall prevail.
Place :
Date
;
BORROWER(S)
F 110(i)
Letter to be obtained from the borrower(s) furnishing the details of hypothecated security
Place:
Date:
To
The Manager
Indian Overseas Bank
..Branch
Dear Sir,
Credit facility extended to me/us
When I/We have executed Letter of Hypothecation dt.
containing the terms of the credit facility and covenants relating to the hypothecated
security. The details of the security were not available at the time of execution since the
security was purchased by me/us only after availing the loan from the Bank. Further to
the said letter of hypothecation. I/We furnish the details of the hypothecated security,
which may be treated as incorporated in the Schedule of the said Letter of Hypothecation.
SCHEDULE B
Location
Installation
SCHEDULE C
Yours faithfully,
BORROWER(S)
F 110(i)
To
Indian Overseas Bank
Gentlemen,
1. In consideration of your at
my/our request making and
agreeing to make loans and
advances or otherwise giving
credit to ..
.. jointly
and severally guarantee the
payment upto but not exceeding
in the aggregate the sum of Rs.
..
and of all moneys (which terms
shall include all interest due or to
become due in respect of the said
advances from the date or dates
of the advances until repaid at the
rate charged by you from the
time of such advances with
quarterly interests and your usual
Bankers charges) which are now
or shall at any time hereafter
F (lll)
1.
of (hereinafter referred to
as
The
principal)
time for
to
allowing
him/them
overdraw his/their
to
account by
way of cash
otherwise,
credit or
/We
the
undersigned
..
jointly and severally
the
payment
upto
guarantee
but
not
due
the
said
account
and
time
such
advances
with
monthly
3.
there
be
nothing
time
the
indulgence
to
or
compound
with
the
affecting
costs,
other
of all such.
2.
hereafter
during
charges
And
and
I/We
this
guarantee
expressly
shall
for
be
continuing
all
purposes
as
the
principal
sum
of
should
the
Rs
...
or insolvent in respect of
indebtedness
to
you
5.
not be affected by my
either of us or my/our
representatives
or
any
representatives of any or
effect until
either of us to stand in
to
notwithstanding
such
or
the
have received
compositions
the full
cancelled by
be
or
against
constitution
the
principal
guarantee and
that this
binding
any
partners
4.
in
the
or
partners
of
or
the
principal.
6.
to
that
may
be in your Banking
balance
which
shall
made
course
And
it
is
expressly
in
the
of
you
ordinary
Banking
by
conclusive
against
any
representatives
of interest or margin or
representative,
various
or
and
shall
be
evidence
me/us or any or
either
of
our
or
of
the
transactions
7.
declared
time
hereby appearing
guarantee
continuing
you
be
disputed or questioned by
any
either
continuance
and
shall
not
of
our
representatives
or
that
this
shall
be
guarantee
time
during
guarantee
the
of
and
the
shall
representative.
And
I/we
further agree
guarantee and
thereby.
and payable
to you on
demand after
10.
And
I/we
secured
hereby
requiring
and
to
limitation of or substitution
me/us
at
my/our
representatives
8.
9.
last
provisions
for any
herein
former or other
guarantees or guarantee
abode
or
business
in
me/us
my/our
heirs,
representative
executors
(whether
jointly
and
your assigns.
11.
or
or guarantees.
and shall be
It
is
also
that
any
Officer
conclusive
admission
or
me/us
acknowledgement
in
further
writing
by the principal
of the Bank,
binding and
as
also
against
and
agree
I/we
that
in
making
an
acknowledgement
or
indebtedness
making
he
of
the
a payment
this guarantee
purpose
or any
of
Indian
the
principal
Place.
Date.
of
of
any
account
served
on the principal
debtor
which
is
duly
Stamp
From
Mr. / Mrs.
Director _________________________ Ltd Company
To
Indian Overseas Bank
______________ Branch
Dear Sirs,
Irrevocable Undertaking to guarantee
_____________________________
In consideration of your making and / or continuing advances to
M/s. _________________________________ Ltd of which I am one of the
Director and inconsideration of your deferring obtention of my personal
guarantee at my / companys request, I hereby undertake that whenever
required by you I shall execute and deliver to you Irrevocable and
unconditional guarantee in all forms prescribed by you, for payment and
discharge by the above company of you of the sum of Rs.
Rupees
and interest and costs, charges and expenses and other moneys due and
payable by the above company to you under or in respect of the loan facilities
advanced or to be advanced to the above Company. This undertaking is
irrevocable and unconditional
Place :
Date :
Signature
(Director of Ltd)
has been balanced to 31st March /30th September .. and that the
balance of Rs. (Rupees ....
.) has been carried forward to your debit.
Kindly sign the confirmation below and return the form intact. In case
the correctness of the balance is not confirmed within one month from the date
of this letter, the balance carried forward will be treated as acknowledged by
you as correct.
Please notify change of address, if any.
Yours faithfully,
Deputy Manager /Manager
Indian overseas Bank.
.
I hereby confirm the correctness of the balance
Signature ..
Full Address ..
Revenue
stamp
Date ..
F237A
Signature
Date .
To
Dear Sirs/Madam,
Credit Facilities a/c .
We would like to inform you the outstanding debit balance position under the
various credit facilities availed by M/s. ..
from the Bank.
Nature
Debit
of Credit
balance on
Facilities of Rs.
As
Date
Whether
Rate of
Compounding
If interest is
Interest is
Interest
at quarterly/
not applied
included
applied
Half yearly/
due to
upto date
lastly
yearly
irregularity
overdue
interest will
apply from
Date / Rate of
Interest
KINDLY sign the confirmation below and return the form intact. In case
the correctness of the balances is not confirmed within one month from the date
of this letter, the balances carried forward will be treated as acknowledged by you
as correct.
Please notify the change of address, if any.
Yours faithfully,
Manager
To
Indian Overseas Bank
PLACE:
. Branch
DATE :
I/We hereby confirm the correctness of the balance(s), which is/are due and
payable by me/us to the bank, as borrower(s) * / guarantor(s) *
Revenue Stamp
(F 237 B)
SHIPPING LIEN
Stamp
The Manager
Indian Overseas Bank
..
Dear Sir,
Description of goods
Name of Ship
be
stored
in
Invoice value
Agent and
deal with
. pending
shipment of the
control of
the
same for
the
on your behalf
proceeds
of
satisfaction
I /we
that
further
undertake
notwithstanding
anything
hereinbefore
owing by
towards
or
all the
me/us to your
I/we authorise
purpose
of
I/we
of any
in
will
demand
contained
amount
sale
taking
possession
same
thereof
and without
notice to the
any claim,
Place :
Date :..
..
F251
Stamp
(PACKING CREDIT)
To
Indian Overseas Bank
such
insurance
and
all
of your
advance to me/ us
amounts
said
(Rupees
..
goods
as
shall
be
advances and
delivered by
me
person
Cash
Credit/Demand
Loan
to
any
for
goods)
that effect
or as
required
by
advances
and
until
such
to you with
interest, costs,
any of the
by proceeds of the
officials of the
exchange
sold to you or in
may be
the
bank
I shall
purpose of
authorised
bank for the
inspecting
and
taking
account
of the said
it shall be
by me/us
as agent
and in
by me/us
fully
against
referred as above.
2. I/we agree that immediately
upon shipment of the
said
goods
I/we
shipping
documents
endorsed including
lading
4. Interest
shall be calculated
duly
bill or
until
the
same
is
fully
the borrowers
negotiated
by
as and when
intention
of
this
shall
be held by you in
repayment
named
with
of the above
advances
together
hereby
. percent over
bring
of percent
per
made
within
will be
the stipulated
anytime
them
into
your
in order to take
which I /we
at the
the bank.
of
undertake
to
have
no
advance from
any
other
otherwise
fail to fulfill
and of my/our
obligations to
other
goods
in
my/our
you.
time and
in such
and after
balance to
deducting usual
commissions,
charges
expenses
to
proceeds in payment
and
become due on
is
not
to
be
of the
security
considered
Rs
(Rupees only) if
by us.
afterwards
is not
to
exhausted
be
by
account
reopened
by
payment to credit.
security
to
you
for
the
of
or
or
jointly
with
any
other
bills,
on
drafts
any
or
other
notes
account
Quantity
goods
Mark and
Where
Number
stored
Value
Place ..
Date
Signature(s) of Borrower(s)
F.251C(01085)
The Manager
Indian Overseas Bank
.
Dear Sir,
Bill for Rs. . on
Covering shipment of
to .
(Customer)
We, Indian Overseas Bank, have this day bought from you, the following Exchange,
subject to the following terms and conditions:
FPC No.
Foreign
Payable
Usance
Rate
Counter
Delivery
Currency Amount
DA/DP
Currency
Period
Purpose:
*Export of Goods
on the
* Commercial Contract
*Documentary
*Export of services
Exchange
Control
provisions
Credit.
Foreign
Exchange
This
assignable.
Contract
is
transaction)
*Documentary
not
of
Particulars of * Commercial
Contract
of
details
(Specify
underlying
Others
Exim Policy)
e) Quantity
f) Value
g)
Expected
date
of
shipment/Remittance.
maturity
transaction.
Realisation/Receipt of Remittance.
/Telex/through
Overseas
Communication
the
underlying
this
your
FEDAI
Regulations.
your
beyond
contract
is
Services),
of
subject
confirmation
to
that
the
Rules/
Exchange
period
Control
permitted
by
EXIM
not
issued by DGFT./
Regulations.
5. Delivery Period:
Policy
in
force
or
therefore
be
taken
up
on
the
respective
maturity
Substitution
of
dates.
the
underlying
thereof
furnishing
suitable
documentary evidence.
9. This
contract
is
subject
to
Exchange
of
allowed
under
extant
against
the
delivery
period
(or
other
contract)
ready
documentary
While
submitting
necessitating
bills/offering delivery
under this
draw our
and date.
transaction.
as
any
evidence
such
automatic
roll-over
your account.
/cancellation
of
the
drawn
for
exchange
other charges.
under
LC
are
rates.
Such
Failure/non
funds
to
our
banks
nostro
for
adherence
whatever
the
of
costs
the
and
Office,
bank
Chennai
or
Foreign
will
recover
the
entire
OVERDRAFT or EXCESS
amount
applicable
providing
us
with
You
with
interest
to
as
overdraft
the
Swap
Dealers
Association
(ISDA)
Master
contract
the
ISDA
and
the
,the
ISDA
Master
forward
(Authorised Signature)
(Customer)
Authorised Signatures.
Balance
Bill NO.
Foreign
INR
currency
Foreign
currency
INR
FEDAI RULE 7
EXCHANGE CONTRACT
(Relevant Sections)
General
a. Contract amount :
no provision
for
excess or
shortage.
a. Contract amounts.
Any
excess
amount
over
the
Contracts / Permitting
option of
b. Option of delivery
In all forward merchant contracts,
the merchant whether a buyer or a
c. Place of delivery :
Ready
or
Cash
Merchant
C. Option or Usance
The
foreign currency
should
state
the
different
Settlement
will
of
be
the
foreign currencies.
bills
tenor
tenor
or 100 units of
at
the
agreed
Merchant
of
all
rate
Merchant
d. Merchant quotations:
The
Exchange
rate
shall
be
rupee amounts
to the nearest
FEDAI RULE 8
EARLY DELIVERY, EXTENSION & CANCELLATION OF
FORWARD EXCHANGE CONTRACTS.
1. General
a. At the request of customer, unless
i.
ii.
b.
It
at current rate of
delivery:
is
the
responsibility
the
contract is
exchange.
at which
The
the
cancelled should be
recovered
request
case may be on or
before
the
the
from/paid
to
the
contract.
c.
delivery,
extension
or
Iv Cancellation :
a) In the case of cancellation of
a contract at the request of
cancellation of a contract.
the
Authorised
customer,
Dealer
the
shall
may
iii. Extension :
Forward
Exchange
be
the
difference
cancellation is effected.
contract/s
i. Purchase contracts
cancelled at the
shall be
impossible of performance
contracting
for
whatever
reason,
including
Government
prohibitory
order
the
exchange
contract
be
ii. Sale
contracts
cancelled
at the
shall
be
contracting
deemed
to have become
void
iii.
is
customer
cancellation
shall
subject
to
the
appropriate forward
and
Exchange
difference
exceeding
Rs.100/-
f)
not
i.
In
the
absence
instruction
shall
from
the
contracts
bank.
which
have
the
of
to
maturity
be
automatically
the
day falls on a
bills
tendered
as
Saturday or
takes up the
cancelled
tendering
contract
other
by
approved
on
the
next
Swap
exchange
contract
iii)
In
case
ultimately
the
contract
cancelled,
is
the
entitled
the
any,
bank
becomes
contact
is
cancelled
on
In
case
of
subsequent
cancellation the
current rate
from
delivery
to automatic
appropriate
prevailling on
a)
Swap cost to
ended or front
shall be
applied.
v)
customers irrespective
ended in the
discretion of Banks.
b)
Swap gain :
Payment of swap gain to the
be recovered
from customers:
In all cases of early delivery
of purchase or sale contracts,
customer will
made at
the
Swap period.
normally be
end of the
Place:
Date :
(Customer)
We, Indian Overseas Bank, have this day sold to you, the following Exchange,
subject to the following terms and conditions:
________________________________________________________________
FSC No. Foreign
Payable TT/BILLS
Rate
Counter
Delivery
Currency Amount
Selling
Currency
Period
Purpose:
Import of Goods
of India and
1. This
Contract is subject to
Amendments
Contract
is
not
assignable.
3. This
Exchange Control
copy of
a)
Date
Name
Address of the
&
Overseas
Remittance.
b)
Number
&
Date
c)
Commodity
Purpose
d)
Approval by:
Approval Ref.
Date:
e)
Quantity
f)
Value
your
g)
Expected date
confirmation
that
the
of shipment /Remittance
Policy
in
force
or
h)
Bill to be drawn:
not
Sight /
Usance DA/ DP
issued by DGFT.
Nature of the
Delivery Period:
a) In the case of Import of
Commercial Contract *
Documentary Credit as
detailed below.
of
underlying
transaction)...........
Particular
Commercial
of
Contract
Documentary Credit.
b) In the case
maturity of
of deferred
initial
instalments.
Any
delivery
be subject to availability of
part thereof
FEDAI
Rules/Exchange
Control
Regulations.
c) In all
delivery
period
evidence.
should
the Exchange
9. This
Contract is subject
automatic cancellation
to
on the
Control Regulations.
6. This Contract is firm and should
the
absence of instructions in
respective
dates.
underlying
maturity
Substitution of the
transactions may be
as
allowed
permitted
under
extant
cancellation of the
contract or
cancelled
any
documentary
ready
necessitating
other
contract)
transaction.
as
on
the
next
evidence
such
automatic
While
submitting
bills/taking delivery
under this
10.
contract
draw
forward
you
will
our
Wherever
cancellation
contracts
are
of
not
permitted
as
per
extant
Central
Office,
RBI is
may be.
to be
obtained for
11. Acceptance
of Bills/Documents
at the discretion
subject to
of the bank
recovery
of SWAP
for cancellation,
such
other
security,
stipulated
contract are
governed by the
by
sanctioning
obligatory
charges are
on
the
as
your
part
to
to any adverse
exchange
your account.
replenishment
14.
Department
gets eroded
movement
rates.
as
of
Such
well
as
cancellation
provided within
the
time
Failure
of your account.
This
charges
contract
of
will
this
be
frame.
as
stipulated
/non-
You
our
Foreign
Exchange
facilities
the entire
SWAP and
conditions of
International
to your
Association
results in
Agreement
Swap
(ISDA)
Dealer
Master
wherever executed
amount
as
overdraft
with
applicable
interest
to
the
contract
the
ISDA
Master
(Authorised Signature)
(Customer)
Authorised Signatures.
Amount
Date
Bill NO.
Balance
______________________________________
Foreign
INR
currency
Foreign
currency
INR
FEDAI RULE 7
EXCHANGE CONTRACT
(Relevant Sections)
1. General
a. Contract amounts:
contract being
provision for
computed from
the time of
transaction.
excess or
shortage.
c. Place of delivery :
All Contracts shall be understood
for at the
named place.
Bank
and at the
a. Contract amounts.
Any excess
amount stated in a
example.
contract, or
of the
February
permitting option
bills
of
different
b. Option of delivery :
d. Merchant quotations:
The
delivery.
Exchange
rates shall be
so
foreign currencies.
C. Option of Usance
contract
bills
of
all
Merchant
for a
will be at the
different tenor
FEDAI RULE 8
EARLY DELIVERY, EXTENSION & CANCELLATION OF
FORWARD EXCHANGE CONTRACTS
I. General
contrary in
bank to-
contract is
b.
It is the responsibility
should be
the
or to request
extension/cancellation
as
the
time
contract.
IV.
Authorised
of
extension.
Cancellation:
Dealers
the
customer
delivery,
extension or cancellation of a
contract.
rate at
for
early
which
the cancellation is
Extension
Forward
effected.
iii.
cancelled
contract/s
maturity,
the
appropriate
ultimately
contract
between
the
for
including
discretion of Banks.
whatever
of
V. Swap cost:
reason,
b) Swap gain:
Payment of swap gain to the customers
will normally be made at the end of
the swap period.
Date : 19
Dear Sir/s,
In consideration of your agreeing to negotiate our documentary bill of exchange for
Rs dated .. drawn on .
under commercial letter of Credit No.. issued by
notwithstanding any discrepancy or discrepancies between the draft/documents and the
terms of the covering commercial Letter of Credit which may also be discovered
hereafter including the following:
We, the drawers and /or endorser, hereby unconditionally agree to reimburse you upon
demand for the amount or aggregate amounts, of all claims including costs, legal or
otherwise which you may be called upon or compelled to pay in connection with this
bill including any guarantee and /or indemnities given by you, together with interest at
a rate to be determined by you plus the amount of all expenses of whatsoever nature
incurred by you, in connection with any claim and /or claims. We, the drawers and /or
endosers expressly agree that the amount of claim and /or claims paid by you, in
connection with this bill will be accepted by us without equivocation, dispute or delay
as correct and just and we hereby waive all rights to contest the amount or nature of
claims paid under such guarantees or indemnities
F283
Your faithfully,
Stamp
issuing a
..
I/we
the
undersigned
. and ..
and .
hereby (jointly and severally) guarantee and agree to hold the said Indian Overseas
Bank, their successors and assign harmless and make good the loss to the bank that may
arise so doing and form payment of the original Deposit Receipt / Demand Draft and
form and against all charges
Signature (s)
....
LETTER OF INDEMNITY
The Manager,
Indian Overseas Bank,
.
Dear Sir,
In consideration of Indian Overseas
as our Agents.
Receipts -
Transport
Operators
prepared
or
(b)
been
Receipt.
issued
otherwise
than
Yours faithfully,
To
Indian Overseas Bank
Stamp
LETTER IF INDEMNITY
In consideration of Indian Overseas Bank.
.at my/our request issuing/
countersigning from time to time letters(s) of Guarantee (s) not exceeding Rs.
(Rupees.
)
in the aggregate at any one time issued in favour of..
1).
2)
3)
or on such other parties from time to time on account of .......................
..
..I/we hereby undertake and agree to hold the said Indian Overseas
Bank.their successors and assigns harmless and
indemnified against any
Place:
Date:
---------------------------F 286 D
specify from time to time , and subject to your right to refuse to issue guarantees or
to undertake any guarantee liability of which you do not approve or to refuse to
approve any further guarantees at anytime. The said guarantees so issued or to be
issued or guarantee liability undertaken or to be undertaken by you are hereinafter
referred as such guarantees, which expression shall unless repugnant to the context or
meaning thereof be deemed to include any renewals or extensions or modifications of
all or any of such guarantees. (The term guarantee will hereinafter be understood to
include co-acceptance).
(Incase of an
Individual)
being partners)
Company)
i.(a) To indemnify you and keep you fully indemnified and saved defended and
harmless in respect of and against each and every payment made and any obligation,
liability loss or damage, exchange fluctuations, charges, expenses costs whatsoever
undertaken or incurred or suffered by you (whether directly or indirectly) under or in
connection with all or any such guarantees.
(b) To keep you indemnited for issuing the guarantee in the formats presented by
me/us from time to time making necessary changes or in the formats as may be
prescribed by the authorities concerned or in the formats and language as may be
prescribed by beneficiary/overseas correspondents /authorities in other countries and
against any action or proceedings or litigation subject to the law/usage of a foreign
country.
ii. To pay to you at your branch or any other branch notified by you on demand by
you all such sum or sums of money as you may pay under in connection with all or
any of such guarantees with interest thereon at the rate applicable to overdraft or at
such other rate or rates of interest as may be notified by you to me/us from time to
time, from the date on which you so pay until repayment by me/us.
ii. (a) To pay commission to you as per your Bank Rules /FEDAI RULES/ Banks
sanction in terms in the event of default of payment, you shall be entitled to realise
the amount of commission due to you either to the debit of our account or from the
securities/margin, if any furnished by us;
(b)To pay you commission calculated in Foreign currency and converted as Indian
rupees at the exchange rate prevailing on the date of recovery in the case of Deferred
Payment Guarantee/Shipping Guarantees etc and to pay the commission for the full
unexpired period in the event the guarantee is redeemed/invoked before expiry of the
guarantee and when the commission is collected in instalments at your discretion.
(c) In for any reason, you are 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 to you, guarantee commission for the period for which I/we delay, by such
action the payment or discharge of the guarantee.
(d) To pay you charges paid by you to your correspondent/overseas branch converted
at the prevailing exchange rate on the date of recovery and I/we also agree to
reimburse you the taxes, if any, collected on the commission in another country.
iv. You shall be entitled, at your discretion and without any reference to me/us to
obtaining the consent of myself/any of us to make payment of all or any part of the
sum of or sums guaranteed by you under or by virtue of all or any 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 payments of any sum or sums of money shall be sufficient authority
from me/us to you making such payment/s.
v. Notwithstanding the possibility, existence, pendency, or continuance of any
disputes or differences or any arbitration proceedings or of any suit or other legal
proceedings whatsoever between me/us or of any of us and the beneficiary or
beneficiaries of all or any such guarantees and/or between us inter-se which may
directly or indirectly arise out of or under or in connection with subject matter/s of all
or any of such guarantees or which may affect the legality or validity of all or any of
the bills
immediately on presentation and in the case of a bill drawn under a letter of credit,
irrespective of discrepancy that may ultimately be discovered between
bills as
are released from your liability by the beneficiary thereof. Nothing herein shall after
or prejudice your right of general lien or set off over such securities/margin.
xi. In the event of your redeeming the guarantee on the basis of a letter from the
beneficiary/correspondent bank without returning the original guarantee executed by
your or in the event of your reducing the liability by issuing suitable notice to the
beneficiary on their non return of the guarantee after maturity , I/We undertake
to
hold you fully indemnified and saved , defended and harmless in respect of any
claims the beneficiary may make subsequently based on the original guarantee.
xii. (In case of more than one individual not being partners)
(a) We and each of us shall be liable hereunder to you jointly and each severally. On
the death of any one or more of us, his heirs, executors, administrators, legal
representatives, estates and effects as the case may be shall be liable jointly and
severally with the survivor or survivors.
(b) (In case of a Partnership Firm)
The liability incurred by us and each of us hereunder shall not in any way be
prejudiced or affected by any change in our partnership firm whether by death or
retirement or insolvency of any partner or by admission of any new partner or
partners or otherwise howsoever eventhough the firm may become a sole
proprietary concern and all the partners for the time being of the firm or the sole
proprietor and his /their respective heirs, executors, administrators, legal
representatives, estates and effects, as the case may be , shall be liable to you
hereunder , jointly and severally.
Yours faithfully,
F 286 E
..
Yours faithfully
Authorised Signatory.
F 286 F
Encl: Format of LG/DPG/Shipping guarantee/Bid Bond Tender/ Co-accepted
Bills (Photostat copies)
Duly authenticated by the Authorised Signatory
Import licence for perusal and return after making provisional endorsements.
Office use
LG No:
Extended till:
Validity Period:
Extended on:
Claim Period:
Disposal of Invocation
(By payment /by rejection)
Commission Rate:
Commission Collected
Amendment to
Number:
Documentary Credit
Cable:
Telex:
Date of Amendment
Applicant
Advising Bank:
Reference No:
________________________
(Name Sign No.) Name .Sign No)
Authorised Signatures.
F288(1205)250Px251/5KRP
Amendment to
Number:
Documentary Credit
Cable:
Telex:
Date of Amendment
Applicant
Advising Bank:
Reference No:
COPY
All other terms and conditions remain uncharged.
The above mentioned Documentary Credit is subject to the Uniform Customs and
practice for Documentary credits (1983 Revision)
ICC Paris, France, Publication No. 500.
Please advice the Beneficiary
Advising Banks notification
________________________
(Name Sign No.) Name .Sign No)
Authorised Signatures.
F288(1205)250Px251/5KRP
Place:
Date:
..
Dear Sir,
Please take delivery of the following goods as security for cash credit/loan against
commodities in terms of my/our agreement:
Description of goods Quantity Unit Weight
Yours faithfully,
F 296
GODOWN KEEPERS CERTIFICATE
The Manager
Date..
The Warehouseman,
Date..20
.
.
Dear Sir,
NOTICE OF THE BANKS LIEN ON SPECIFIED GOODS
Please
take
notice
that
Shri/Messrshas/have
assigned and endorsed over to the Bank and deposited with the Bank as security for
advances
granted
to
him/them
Dated
warehouse
receipt
No
issued by you
covering
(description or goods)
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
Bank or with the consent of this Bank.
This notice is sent to you in duplicate and we shall be glad if you will please
return to us one copy thereof duly signed by you, in token of your having received it
and of your agreement (a) to hold such goods in future as warehouseman for the
Indian Overseas Bank and to continue so to hold the same not withstanding that the
period upto which the goods have been accepted for deposit shall have expired. And
(b) not to sell, hypothecate, charge or otherwise deal with or dispose of the goods ,
except where, in the case of goods of perishable nature, it is apprehended that by
continued storage they will deteriorate greatly in value or injure other property, in
which event, you shall give such notice as is reasonable and possible under the
circumstances to the Indian Overseas Bank, being lawful holder of the warehouse
receipt and also to Shri/Messrs.
the original depositor requiring the goods to be received from the warehouse and if
upon their falling to do so, you dispose of the goods by public sale the sale proceeds,
less any costs incurred and charges due to you shall be held by you on account of the
Indian Overseas Bank and shall be payable to the said Bank.
Yours faithfully
MANAGER
Date : This form has to be printed in duplicate. The certificate as on reverse has
to be printed on the backside of the duplicate copy blue colour paper) only.
F374(010965)
The Banks lien has been noted in warehouse register. The within mentioned
goods or any part there of will be permitted to be received or dealt with from the
warehouse in any manner by the deposit without the written permission of the Bank
previously obtained. Notwithstanding any agreement to the contrary with the
depositor, the goods will be delivered to the Bank on demand without any reference
to the depositor or his consent .The Bank is at liberty to inspect through its officers,
the goods under lien to them during the hours of business . The Bank will be notified
of any loss or damage to the goods before taking any action to auction the goods in
accordance with State/Central Government warehousing rules.
Dated..20
Signature of Warehouseman
F 374
Stamp
Place:..
Date:...
Dear Sirs,
I/We hereby acknowledge to
have
delivered
to
you..
preservation
of
the
debit
due
by
me
/us
for
the
of
the
said
of
the
Rupees
Rupees
expenses
by
said
incurred
sum
by
of
you
and
in
at
the
the
rate
of
..%
possession
of
the
whether such
part(notwithstanding
notice
therewith.
goods.
principal
surety)
debtors
any
or
as
debts had
become
7.
margin.
by sale.
8.
I/we
further
agree
that,
of security for
of my/our
all other
in
debts or
or jointly,
all the
without
of
damage or depreciation
the
other
acknowledging receipt
the Bank).
which
employee
of
the
Bank
of goods as
every
right
to
pledge
the
there are
hereunder
on
the
distinct
no encumbrances, lien or
as the same
Warehouse and
secured
action
pledge.
to
auction
the
goods
warehouse in any
depositor
manner
by the
the
instrument.
written
permission of the
Bank previously
notwithstanding
any
without
the
demands,
agreement to the
contrary
outstanding
written
permission
in
the
the
Bank
and
that
contrary between
delivered
time.
previously
under
house
of
unpaid
obtained;
business;
during the
that
the
-------------------------
consent.
SCHEDULE
Description of Document
F375
Signature:..
Address:.
Place
Date .
..
Dear Sir,
With reference to the loan of Rs. .
(Rupees..
only)
the
said
loan
of
Rs in equal
instalments of
Rs. . each
instalment
or not.
c. any representation or statement
made herein by the Borrower
being
found
be
materially
incorrect.
d. the Borrower committing any
breach
performance of or observance of
any
circumstances
provision
or
when
the
Bank
or
term
default
or
in
condition
contained
the
or
in these
contained herein.
a. any
instalment of principal
Borrowers
creditors
on
committing
any
act
of
insolvency;
k. the
Borrower
ceasing
or
Borrowers business:
being
reinforced
or
part
of
l. if
the
Borrower
shall
stop
Borrowers
Bank or not.
h. the
any
business.
borrower
into
the
or
of the Bank);
mortgage;
liquidation
going
(except
for
purpose of amalgamation
charge,
hypothecation
or
pledge,
lien
or
Borrower (if
a firm)
being
the
or
being
accountant
certified
or
by
an
firm
of
committing
any
act
of
insolvency;
that
the
liabilities
of
the
business at a loss;
pre-
or depreciates or jeopardizes or is
imperils
or
or
which
is
depreciate
Your faithfully,
..
(Counter Signature of Guarantor)
F378 Revised
Place :.
The Manager,
Date :.
the
following
...
to
time
or
at
any
time
be
due
from.
or
me/us either solely or jointly with any other person or persons to the Bank whether
on balance of account or by discount of otherwise in respect of Bills of Exchange,
Promissory Notes, Cheques and other negotiable instruments
or in any manner
whatsoever and including interest, commission and other banking charges and any
law costs incurred in connection thereto.
LIST OF DOCUMENTS
SL. No.
Brief description
Depositors estimate
and date
of property/properties
of
value of the
property
properties.
Yours faithfully,
F379
CONFIRMATION LETTER : SUPPLEMENTARY NARRATION
The Manager
Place : ..
Date : ..
..
Dear Sir,
I have already deposited the title deeds on .. of the property
situated at ..... (full description of the property and its address) with
an intention to create a mortgage thereon for the advances granted or to be granted to
Shri. .. As already agreed to by me I hereby authorise you
to continue to hold the said title
continuing
made to
Shri...
And all other indebtedness and liabilities of his whatsoever and all costs and charges
outstanding at anyone time together with interest thereon.
I undertake to produce nil encumbrance certificate on the property upto date.
LIST OF TITLE DEEDS
Yours faithfully,
F379A
...
Place : .
The Manager
Date .
Exchange, Promissory Notes, Cheques and other negotiable instrument to the extent of
Rs. . and for all other indebtedness and liability of the company whatsoever
and for all costs, commission, charges etc outstanding at any time together with interest
thereon.
LIST OF DOCUMENTS:
Yours faithfully,
For .. Limited
F379B
.
(Authorised Signatories)
(Companys rubber Stamp and Signatures)
Place ..
Date ..
Branch.
Dear Sir,
We had already deposited the title deeds on behalf of . Limited (hereinafter
called the Company) on .. of the property situated at
(full description of property and its address) with an intention to create a mortgage
thereon for the advances such as (nature of credit facility secured against
mortgage) granted and /or to be granted to ..
As already agreed by us we had authorised you on behalf of the company to continue to
hold the said title deeds relating to the above said property as continuing collateral
security
advances such as
enhancement in .. facility
collateral
F379C
Stamp
this .. day
of
20 .. by
to the extent of Rs
(Rupees
.................................................
hereinafter
the
shall,
Borrower
referred
(which
to
as
expression
only)
respective
heirs, executors
administrators
or
representatives of
other
the
and
legal
deceased
purpose
mentioned
in
the
loan
Overseas Bank
a body corporate
1.
Bank
Rs..
its
the
said
loan
of
(Rupees
...
programme mentioned
which
expression
shall
include
its
in the
in
the
Schedule
..
2.
equal
in
3.
monthly
installment of Rs.
(Rupees
of both
with
repayment
mentioned
in equaled
Rs. payable
month..
interest
commence from ..
thereon
or
on
the
interest
as per the
programme
in
the
Schedule
instalments of
every
and in
annum
case of delay in
overdue
and
at Rs. .. per
of
instalment.
4.
the
payment
of
the
the
fully liquidated
and shall be
amounts due
under this
hereunder
absolute
written (hereinafter
unencumbered
undertakes to indemnity
pertaining
to
the
hypothecated
said
goods
of
the
the
hypothecated
goods/machinery
of
additions
made to the
Hypothecated goods/machinery
from time to time as security
for
due
repayment
borrower
the
from
any
by
the
bank
at
or
removed
goods/machinery
and
by
borrowers premises at .
manner
the
preservation,
interest
instalments
in
protection,
there
the
attempted or
and
remain the
The
borrower
cause or permit to be
the
hypothecated
from
the
declares
and
hypothecated goods/machinery
that
the
guarantees
7.
deem proper.
The
hypothecated
insurance
keeping
the
premises
so
keep
of
as
aforesaid
hypothecated
insured
the
or
in
hypothecated
by
to the
Bank.
The borrower
this
on
Agreement.
The
received
applied
under
in
or
All sums
any
towards
such
the
surplus
the
same
shall
be
whereby
distress
or
other
Bank if any.
Government
The borrower
8.
any
person
including
or
any
Municipal
authority or body.
9.
assessments
amount
for
the account.
any
to cover shortfall.
received
the
this
of
so
applied
continuance
the
of
hypothecated
and
notice
obligations
or
from
intimation
any
of
the
other
prejudicially
affected
or
records,
documents
aforesaid
in this behalf.
any
of
the
Account
Officers
payment
without
advance
and
at
and
accordingly
valued
the
be
and
be
by
payable
shall
treated
secured
and
until
as
by
an
the
agreement.
inspection
or
checking
the
hypothecated goods/machinery
and
taking
account
and
13.
thereof as the
hypothecated and
charged as
furnish to
value,
Bank
or
margin.
machinery
any
circumstances
in Clause 16 hereunder
event
or
further
other
mentioned
or
goods/machinery
event
or
circumstances
occurs
insure
and
take
charge
or
Bank
depreciation
hypothecated
Bank.
which
17. Notwithstanding
the
anything
to
the
borrower(s)
Bank
under
this
Agreement,
believe
that
the
has/have
contained herein:
a.
any
installment
of
document or paper.
respective
due
dates
for
f.
payment thereof.
if
the
borrower
shall
b.
any
representation
or
mortgage,
charge,
hypothecation
to be materially incorrect.
encumbrance
or
pledge,
lien
on
or
the
hypothecated
c.
performance of or observance
here under.
g.
d.
execution or distress or
of the business.
h.
the
borrower
if
any
circumstances
event
shall
or
occur
being
or
endanger or be likely to
security hereunder.
adjudicated
insolvent
arrangement or composition
with
his
committing
insolvency.
creditors
or
any
of
act
i.
irrevocably
manner
authorise
the
whatsoever
supercede,
the
restrict,
amount
of
each
vary,
to
limit,
extinguish
or
exercising or omission to
remedy
terms hereof.
occurring
remedy
or
to
shall
the
be
construed to be a waiver
nor
others
all
conditions
of
convenants,
them
and
shall
the
action
or
Manager
authorised
affect or
or any Officer
in
that
the
be conclusive. If by reason of
the borrower.
inserted
advertisement in a newspaper
appears.
once
as
an
scheme,
borrower
certificate
notwithstanding
signed
by
the
the
terms
agrees
and
that
anything
expressly
said
undertakes
to
sufficient
balance
condition.
authorises
guarantee
fee
the
and
maintain
in
purpose.
Loans
24. In
Guarantee
witness
whereof,
the
(SSI)
Guarantee
Scheme
above mentioned.
25.
.
(Signature of Borrower)
F 407
Place
Date
Dear Sir,
With reference to the credit facilities availed by me/us, this is to place on record
that the Bank will have a right to recall all or any of the advances granted by it to me/us
notwithstanding anything contrary contained in any agreements/ documents executed by
me/us in Banks favour for availing of advances form the Bank, if I/we were to commit a
default in any other account or accounts maintained with the Bank or with any other
account or accounts maintained with the Bank or with any other account or accounts
maintained with the Bank or with any other credit institution/Bank provided such account
or accounts is/are covered under the Credit Guarantee Scheme of the Guarantee
Organisation.
In the event of such recall of the advances, the Bank will also have a right to set
off the amount due to it in respect of the advances so recalled against any amount that
may be due by the Bank to me/us whether under a deposit account of otherwise and
whether such account has become due for payment or otherwise.
In the event of the Banks exercising its right to recall the advance, the operations
on any account or accounts maintained with the Bank by me/us can automatically be
stopped.
Yours faithfully,
F 409
or assigns and declare that the receipt passed by the said Bank or its successors or assigns
shall be good and valid discharge of all the moneys secured under this bill.
F414
carrying on business as/and having its office at hereby nominate, constitute and
appoint the Indian Overseas Bank ..
branch as our attorney in our name and on our behalf to do or execute all or any
of the acts, deeds and things hereinafter mentioned that is to say:
WHEREAS the said Indian Overseas Bank
. branch has been purchasing from us, bills
drawn by us on various parties and Government Departments on account of
services rendered and supplies made to them and
WHEREAS it has been considered expedient and necessary that the said
Indian
Overseas
..
Bank
Branch
be
2.
F 415
residing at...
(hereinafter referred to as Mortgagor/s) IN FAVOUR OF Indian Overseas Bank, a
Body Corporate constituted under the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970, having its Central Office at 762 Anna Salai,
Madras 600 002, carrying on business in banking among other places at
credit
overdraft
not
exceeding
Rs..
(Rupees
only)
F417
LIST OF DUCUMENTS OF TITLE
1.
2.
3.
4.
SCHEDULE OF PROPERTIES
It witness whereof the Mortgagor/s has/have set his/their hand the day, month
and year first above written.
Witness :
1.
Mortgagor/s
2.
F417
THIS
SUPPLEMENTAL
MEMORANDUM
executed
on
this
. . day of .
the
20
..
by
son/wife of ..aged years
Religion.residing
at
evidenced
by
Registered
dt..registered
The
Mortgagor(s)
had
again
re-deposited
(by
constructive
deliver)
only)
SCHEDULE OF PROPERTIES
IN WITNESS whereof the Mortgagor(s) has/have set his set his/their hand on the
day hereunder mentioned.
MORTGAGOR/S
WITNESS (1)
(2)
F 417 A
LETTER OF PEGGING
To
The Manager
Indian overseas Bank
Dear Sir,
CREDIT FACILITIES
A/c ..
Please refer to the credit facilities sanctioned to the above party,
stipulating interalia that their private borrowings should be pegged for the amount
outstanding in their books of accounts as on ..
The account shows a sum of Rs. owing by the
company /firm to me as on that date. In consideration of your having extended or
your agreeing to continue to extend various credit facilities by way of Cash
Credit/Loan/D.D. Purchase and Discount of Bills, Issue of Guarantee, Letter of
Credit
etc.
for account
of
M/s
..
irrespective of any security / securities you may hold for the liabilities of the
company/ firm to you under any category of advance or other contigent liabilities,
I
undertake
to
keep
any
way
deposit
pegged
to
the
amount
of
Countersigned by Borrower
F418
..
Stamp
Limited
on
our undertaking
immovable) and assets (including uncalled capital) or any part thereof and that
we undertake that no such mortgage, charge, lien or encumbrance shall be made
or allowed while we remain indebted or liable to you in any manner without your
previous written consent.
Dated 20
(To be signed by the
Company under seal)
() insert name of the borrowers
(?) insert here short particulars of any existing mortgage etc. including the
Banks.
F419
MORTGAGE DEED
land specified in the Schedule I hereto, together with all trees, crops (existing and
future) standing on the land and superstructure, fixtures and fittings including
building, machinery, pipeline etc. presently installed and/or that may be installed
thereon (hereinafter for the brevity sake referred to as the land) and buildings
thereon (hereinafter referred to as the land), which is free form encumbrances,
attachments, charges and liens whatsoever.
AND WHEREAS at the request of the mortgagor/s the bank has
granted/agreed to grant from time to time to the mortgagor/s accommodation to
the
aggregate
extent
of
Rs..
(Rupees
..
only), by way of:
1. Cash Credits at any one time upto limit for Rs (Rupees
... only)
2. Overdrafts at any one time to the extent of Rs.
(Rupees
...
. only)
3. Demand Loans at any one time for Rs (Rupees
.... .. only)
4. Term Loans at any one time of Rs (Rupees
.... only) Strike whichever is not applicable
To be secured inter alia, by a simple mortgage of the land by the mortgagor/s in
favour of the bank. The advance so granted will be subject to the limits of
Rs at any one point of time during the subsistence of this
mortgage.
Signature of the Mortgagor/s
F512
consideration
of
the
follows:
the Bank.
c. The
said
Cash
Credits/Overdrafts/Demand
Loans forthwith upon demand by
mortgagor/s
agree/s
that
the
hereby
amount
.%
monthly/quarterly/half-yearly/yearly
.% per annum.
the bank.
per
annum
with
Provided that
instalments
specified
in
a. The
Bank
shall
not
be
and
nature,
insured
expenses
of
the
expenses
inspection(s)
respect
mortgagors
premises.
account
the
nature.
The
be
applied
towards
or
towards
the
of
of
as
the
such
may
be
mortgaged
etc.,
payable
in
power
the
Schedule
crops
as
any
or
crops
direct
compensation
compulsory
on
for
acquisition
behalf
of
the
except
except
of
produce
and
mortgage.
marketing
it
purpose
mortgage
shall
with
processing
of
the
the
the
thereafter
for
specific
repaying
the
be
the Bank.
further
with
i.
cancelled by endorsement on
this
and
redemption.
mortgage
deed
Bank
and
also
on
the
the
security,
take
likely
otherwise.
to
be
adversely
affected/
mortgaged
created
discretion
premises
for
realisation
of
the
in
payment
of
any
manner
aforesaid
or
in
condition
or
provision
personally
to
repay
the
All
the
obligations
of
the
fluctuation of accounts; or
61,
respectively
65A
of
the
and
67A,
Transfer
of
been
repaid
either
after
admission
and
of
notwithstanding:-
this
mortgage
are
mortgagor/s
explained
in
to
her/his
the
their
Vernacular
language
and
enter
Term Lands)
Witness: (1)
particulars
of
land
(2)
DUE DATE
AMOUNT
Signature of Mortgagor/s
F512
To
The Manger
Indian Overseas Bank
Dear Sir,
This is to place on record that the overdraft granted to me/us in my/our
Current Account at my/our request under you discretion is in the nature of
temporary accommodation. It is in Banks sole discretion to continue this facility
and the Bank is within its rights to cancel or withdraw this facility with or without
notice to me/us and without assigning any reason whatsoever. If any cheque /(s)
drawn by me/us in my/ our overdraft account either tendered directly or sent
through clearing is/are dishonored by the Bank for want of adequate funds in the
account, whether as a result your decision not to grant or to withdraw the
overdraft facility or otherwise, I/we shall not hold the Bank liable for its action.
Yours faithfully,
F521
LETTER OF AUTHORITY
The Post Master
Sir,
Please
Pay
to
Indian
Overseas
Branch/Office
the
Bank
sum
of
Rs. (Rupee
..only)
being the interest and other payments due to me, on the National Saving
Certificates/Kisan Vikas Patras/10 Yr. National Security Certificates held in my
name as per details overleaf.
Station ..
Yours faithfully,
Date ..
Signature of Holder
Description
Serial
Index
Reg.
Date of
Face
Annual
Amount of
of Holding
Number
Number
Number
Issue
Value
Interest
Interest
F 525
UNDERTAKING LETTER
Dear Sir,
Reg : Request to receive the interest accrued during the holiday
period in instalments-Term Loan Account:
I/We ..
hereby undertake to pay Indian Overseas Bank the Interest accrued in my/our
Term Loan Account No .. during the
holiday period, in monthly equal instalments commencing from ... The
Bank shall have the right to debit the said instalments to the Term Loan Account
if the instalment is not paid by me/us on the due date and such debits will also
carry interest at the rate applicable in the Term Loan Account.
Yours faithfully.
SSI - 4
The Manager
Stamp
Signature(s)
TC 8
To
The Manger
Indian Overseas Bank,
Branch
Dear Sir,
We have noted your charge on the goods delivered to us by M/s
.. from
time to time for conversion/processing/jobbing at our establishment located at
and note that you have valuable interest in the said goods. We confirm that we
have no lien whatsoever on the said goods received from time to time which are
and shall be held in trust by us on your behalf.
You, your servants or authorised officials, have our permission at all times
of the day and night and as often as you like without interruption, hinderance or
objection on our part to enter our establishment for the purpose of inspection,
verification, taking possession and otherwise dealing with the said goods. We
undertake to properly segregate such goods so as to render them
clearly
identifiable to all parties, and undertake not to charge the same as security for
any advance to be availed by us.
We further affirm that we shall deliver or cause to deliver the said goods to
you unconditionally upon demand.
The contents of this letter are irrevocable and it will bind our successors
and assigns.
Yours faithfully,
F 561
Date:
Mr. M/s
..
..
Dear Sir,
Ref. : CREDIT FACILITY
We have pleasure in advising that the limits detailed overleaf have been
sanctioned at this branch for you/your firm by our Central Office/Zonal
Office/Regional Office on the terms and conditions stated there against, with
effect from for a period of
months expiring on
. subject to renewal at our option and provided there is no
substantial alteration in the position of you/your firm as at present existing. We
also reserve our right to amend, alter the terms and conditions or
cancel/withdraw all or any to the limits sanctioned at any time at our sole
discretion without assigning any reason whatsoever. These limits shall not be
operative until proper documents are executed and the terms and conditions of
sanction are complied with. Please note not to exceed the limits without prior
arrangement with us.
The loan amount shall be utilised for the purpose of the loan/advance and
if the Bank has reason to believe that the borrower has violated or is violating or
apprehends that borrower is about to violate this condition the Bank shall have
option to exercise its right to recall the entire loan/advance amount or any part
thereof at once notwithstanding anything to the contrary contained herein. This
right is with prejudice to the Banks right to demand the loan/advance amount for
violation of other terms and conditions of the sanction and loan/security
documents.
Kindly return the duplicate copy of this letter duty signed in token of your
acceptance of the above.
Assuring you of our best services at all times.
Yours faithfully,
MANAGER
DEPUTY MANAGER
F568
PARTICULARS OF FACILITIES
Terms and conditions
SI.NO
Nature of facility
Limit
Rs.
DY. MANAGER
Margin
P.
MANAGER
F568
AGREEMENT FOR BACK END SUBSIDY UNDER IRDP
between
limit
the
BORROWER
expression
(Rs
only)
(which
and
respective
their
heirs,
administrators
and
representative(s)
OVERSEAS
corporate
survivor(s),
executors,
other
AND
BANK,
constituted
under
extend
Integrated
of
Rural
Rs
the assets of
legal
INDIAN
body
a
under
the
Integrated
Rural
Development
Salai,
other
places at
as follows:
branch
Chennai-600
situated
002
amongst
and
after
NOW IN CONSIDERATION of
the benefit of Back-end subsidy
extended/agreed to be extended it is
hereby agreed as follows:
1. The full project cost including
subsidy would be disbursed to
the borrower as loan/cash
credit right of the beginning by
the Bank;
five
years,
only
on
to
the
Bank
as
security
for
the
loan/cash
subsidy
lock-in-period
Reserve
Fund
i.e.,
on
or
before
payable
on
this
Subsidy
repaid/cash
adjusted
the
fully
lock-in-
Bank;
the
after
is
loan/cash,
4. The
on
credit
amount
held
Bank
on
the
NABARDs
Indicative formula.
under
subsidy
him
terms
District
Consultative
Consultants
whose
available
to
Committee
decision
shall
be
loan/cash
and
credit.
conditions
parties hereto.
hereinabove mentioned.
i.e.,
or
before..
F 596
BORROWER
Place :
Date :
To
The Manager,
Indian Overseas Bank
. Branch
Dear Sir,
We, the members/partners of
(name of the group/users Association/firm) carrying on agriculture/allied
agricultural/industrial/service/business/production activity
at ..
Son/wife/daughter of
2) Sri/Smt/Kum
Son/wife/daughter of
3) Sri/Smt/Kum
Son/wife/daughter of
4) Sri/Smt/Kum
Son/wife/daughter of
5) Sri/Smt/Kum
Son/wife/daughter of
6) Sri/Smt/Kum
Son/wife/daughter of
7) Sri/Smt/Kum
Son/wife/daughter of
8) Sri/Smt/Kum
Son/wife/daughter of
9) Sri/Smt/Kum
Son/wife/daughter of
10) Sri/Smt/Kum
Son/wife/daughter of
11) Sri/Smt/Kum
Son/wife/daughter of
12) Sri/Smt/Kum
Son/wife/daughter of
13) Sri/Smt/Kum
Son/wife/daughter of
14) Sri/Smt/Kum
Son/wife/daughter of
15) Sri/Smt/Kum
Son/wife/daughter of
Of these members/partners the persons whose names are set out below:
1) Sri/Smt/Kum
Son/wife/daughter of
2) Sri/Smt/Kum
Son/wife/daughter of
further
register
execute,
endorse,
negotiable
members/partners
contracts
negotiate
draw,
and
accept,
sell
authorised
all
of
legal
to
sign
and
suretyship
and
other
including
whether
binding
others shall be
be
respective estates.
deemed to
on
the
group/users
the
bank
with
the
association/firm
we
Notwithstanding anything to
writing
group/users
of
dealing
any
change
in
the
member/partner
further
agree
that
until
among
us
is
behalf
confirmation
membership
of
association/firm
the
balances/revival
to
the
be
group/users
legal
assets
association/firm
have
against
binding
been
on
on
fully
behalf
the
of
of
group/users
done
acts
the
the
be
all
group/users
of
of
discharge,
be
action
of
the
for
recovery
the
in
and
group/users
the
group/
even
of
users
association/firm
in
the
event
of
7.
the
8.
group/users
9.
use severally.
10.
11.
12.
Yours faithfully
13.
1.
14.
2.
15.
3.
4.
(Note: Members/Partners shall sign
5.
6.
for
and
on
behalf
of
group/users association/firm).
F- 597
the
Stamp
(To be Stamped as an Agreement)
Dear Sir,
Sub: TERM LOAN/COMPOSITE LOAN OF RS.
GRANTED TO .
(NAME OF THE GROUP/USERS ASSOCIATION / FIRM)
LOAN NO.
9) Sri/Smt/Kum..Son/wife/daughter of
10) Sri/Smt/Kum..Son/wife/daughter of
11) Sri/Smt/Kum..Son/wife/daughter of
12) Sri/Smt/Kum..Son/wife/daughter of
13) Sri/Smt/Kum..Son/wife/daughter of
14) Sri/Smt/Kum..Son/wife/daughter of
15) Sri/Smt/Kum..Son/wife/daughter of
(hereinafter referred to as your constituents
desired to purchase common items
for/carry
Allied
Business/Production
on
Agricultural/
activity viz.,
Loaning
at
Development
village in the
Taluk of
District of
. State
jointly and each one of us are
required
to
contribute
sum
of
Rs (Rupees
which
we
have
jointly
under
Integrated
Programme
Rural
(IRDP)
loan
of
(Rupees
only)
request
granting
loan/composite
loan
Rs.
term
of
(Rupees
only) to us to enable us to
purchase common items for/carry on
Agricultural/Allied
agricultural
Industrial/Service/Business/Producti
on
activity
viz
. jointly
by all of us in
Village of
Taluk of
without,
however,
any
District
names
and
to
hypothecate
the
land
legislation
revenue
in
relating
terms
to
of
any
recoveries
credit
to
the
said
joint
current
the
loan
by
members/partners
the
other
of
the
group/users
association/firm
and
and
such
loan/security
documents
other
in
such
and
several
as
contained
discount,
charges,
costs
any
such
admission
and
commission
and
expenses
future
agents, Attorneys,
your
stocks,
whether
raw,
in
movable machinery,
consumable
articles
and
debts,
and
remains
right
engagements,
interest
outstanding,
thereon
shall
have
to
outstanding,
moneys,
securities,
your
movable assets;
said
secured
or
constituent
on
the
in
non-
occurrence
of
circumstance
opinion
referred to as security)
with
of
any
in
your
the
bank
stand
and
be
hereby
sell
by
public
auction
or
first charge.
be entitled to:
and/or
take
possession
10. We, the undersigned agree and
thereof;
prejudice
to
the
foregoing, on default by us or
specifically
this
kept
or
of your Bank.
free
appropriated
from
any
to
charge
continuing
and/or
all
and
operative
normally
moneys,
as
security
indebtedness
security
and/or
the/those
may
be
without
the
kept/preserved/stored
..
20
at
9.
2.
10.
3.
11.
4.
12.
5.
13.
6.
14.
7.
15.
8.
NOTE: * Delete whichever is not relevant
(NOTE: Members/partners shall sign in their individual capacity only and not for
and on behalf of the Group/users association/Firm)
F 598
loan
Agreement
made
at
.. this
years residing at
day of
.. 20 between
.. (hereinafter
Indian
Overseas
body
the
corporate
Bank,
established
order
Chennai-600
002
and
WHEREAS:
at...
common
Agricultural/Allied
items
for/carry
on
Agricultural
at
Village in the
PART.
Taluk of
And
District
Shri/smt/kum
son/wife
1). Shri/smt/kum
Daughter
of
aged
about
Son/wife/ Daughter of
. resident of
2)
Shri/smt/kum
..
Son/wife/
Daughter
of
. resident of
. resident of
7)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
3)
Shri/smt/kum
..
son/wife/ Daughter of
. resident of
8)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
4)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
9)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
5)
Shri/smt/kum
.. son/wife/ Daughter of
resident
of
10)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
6)
Shri/smt/kum
..
son/wife/
Daughter
of
11)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
12)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
13)
Shri/smt/kum
..
son/wife/
Daughter
of
. resident of
14)
Shri/smt/kum
Centrally
Sponsored
Schemes
Programme
the
borrower
loan/composite
loan
term
of
Rs.
. (Rupees
only)
by
its
sanction
letter
No.
. dt
for the said purpose under the Group
Loaning under IRDP/GKY subject to
..
son/wife/
Daughter
of
. resident of
sum
of
Rs
(Rupees)
... only) as and by way of
his/her
share
of
capital
or
IS
THEREFORE
HEREBY
(Rupees
..only).
at the rate of
creating
hypothecation/mortgage
amount
shall
be
paid
on
the
the
furnish
consent-cum-undertaking
hypothecation
guarantee
are produced.
Bank
necessary
and
and
letters
from
to
personal
the
said
the
agrees
the
the
to
hereby
on
Borrower
requisite
Delete
whichever
is
not
applicable
-
5)
half yearly.
All
the
assets
and
good
and
any
forthwith
Borrower
to
intimated
the
by
bank
at
the
its
.. branch.
repaid in.
yearly/annual
.
only)
each,
the
first
the loan
of
such
due
instalments
becoming
and
payable
on.and
thereafter,
the
subsequent
succeeding month/quarter/year.
the
interest,
under
such
by
law
instalments,
to
recover
otherwise
than
premises/place
to
seize
and
take
amounts
the
furnished
by
the
borrower.
and
the
outstanding
where
also
Demand
for
for
of
Rs
. carrying interest
Promissory
the
Note
sum
13)
Notwithstanding
what
in
against
the
Borrower, if,
in
its
account
of
any
reason
written.
WITNESSES:
This
agreement
shall
2.
be
BORROWER
Loan/Composite
Loan
of
Rs.
granted
of
Group/Users
Association
Firm)
by
Indian
to
(Name
Overseas
Bank
..
Branch-
Loan No
By this agreement made at .. this day of
20 which is supplemental to the Letter of Consent cum
Undertaking and Hypothecation dated (hereinafter called the
principal deed of hypothecation) we the undersigned hereby agree with the
Indian Overseas Bank that in consideration of the bank having at our request
agreed to advance an additional sum of Rs.. by way of cash credit
limit/to raise
our
cash
credit
limit
Rs
from
to
Rs.
Rs
all
to
those
from.. constitute security to the bank not only for the original
advance by way of term loan/composite loan but also for the fresh cash
credit/additional cash credit limit of Rs. and the
principal deed of hypothecation shall be read and construed as if the term
loan/composite
loan
therein
mentioned
was
Rs.
..
AND FURTHER that all those the movables described in the Schedule
hereunder together with the movables specified in the principal deed of
hypothecation shall stand as security for all advances upto increased advance of
Rs. and all other sum for which the
movables specified in the principal deed of hypothecation stand security.
AND FURTHER that all the provisions in the principal deed shall apply for
the purpose of the security conferred by this further hypothecation of the
movables specified in the Schedule hereunder AND we confirm in all respects
the principal deed of hypothecation.
SCHEDULE
.. we the undersigned
have executed these presents the day, month and year first above written.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
NOTE: Members/Partners shall sign in their individual capacity only and not for
and on behalf of the Group/ Users Association/Firm).
F600
HOUSING LOAN
Term Loan Agreement for Refinance Scheme
This
agreement
is
made
to be availed of at .
at
. on the .
day of ..20 by
Shri
S/o.
bearing S.No. ..
D/oresident of
situated at ..
..
(hereinafter
borrower
. sq.yds mentioned
Indian
on
called
Overseas
corporate
the
Bank
carrying
on
body
banking
terms
one
of
its
branches
at
.
(hereinafter
called
Bank
which
required,
include
its
conditions
as
and
measuring
National
Housing
Banks
of
the
on
(Date of acceptance).
mortgage
mentioned
for
last day of
then
the
be reduced pro-rate.
2.The borrower shall so long as the
That
pursuant
to
and
in
Bank at
of Rs. (Rupees
) together
half
yearly
instalments
of
The
Rs
mortgage
the
same
with
all
% stipulated by RBI or as
charges.
instalments
overdue
in
remaining
case
of
unpaid
or
default
in
the
acceptable
Bank/create
proper
the
to
the
utilisation
to
inspect
The
borrower
assures
possession
of
the
property
and
Rs as margin money.
title
free
from
all
keep
the
house
property
in
unpaid
solely
for
purchase/construction/repair
for
period
of
representation
or
of
to be maternally incorrect at
any time.
herein
breach
or
default
in
performance or observance of
Notwithstanding
contained
for
anything
fixation
of
or
application/attachment
distrant
schedule
in
agreement
the
or
other
property
loan
or
precess
whether
create
any
further
mortgage/charge
or
any
encumbrance
schedule
of
obligation
or
endanger
Banks
security.
insure
the
mortgaged
account.
The non-admission or
mortgage
security
when
and
loan.
appropriated
by
the
bank
loan
officer
attaching
if
or
required
affecting
for
the
creating
permanent structure.
cost
of
the
execution
property
means
..
I.SCHEDULE
Description of Property
..
Borrower
SCHEDULE II
Terms and conditions of sanction of Housing Loans
1. The loan shall be repaid in
equated monthly instalments
or Rs each
over a period of
months. The repayment shall
commence immediately after
completion
of
construction
months
from
of borrowers contribution /
margin
instalment
initially
in
the
balance
stages
after
watching
the
progress of construction at
each stage of release.
2. Interest at .% p.a
shall
be
charged
and
for
the
full
value
of
its
holiday period.
within
due
banks
clause
during
the
date
of % p.a. on the
overdue
amount
shall
be
by the
borrower
receipt
and
produced
verification
apart
the
for
form
10. The
borrower
shall
not
and
building
offered
as
lawyer/valuer
writing
shall
be
HOUSING LOAN
Term Loan Agreement for Direct Finance Scheme
This
agreement
is
made
at
on the
. to be availed of at
day of 20by
Shr
for
...S/o
D/o
on
resident of
S.No. situated at
(hereinafter
called
the
borrower
overseas
corporate
Bank,
carrying
on
body
banking
one
of
its
branches
at
otherwise
required,
purpose
plot
of
of
purchase
land
bearing
..
measuring sq.yds
mentioned in Schedule I herein or for
repairs or alterations of the same
hereinafter
called
property with
the
Schedule
its
accretions,
all
(hereinafter called
the
the
Branch
to
be
secured
by
registered
mortgage/equitable
of the borrower.
mortgage
mentioned
for
the
last
day
of
each
amount
of
loan
follows:
advanced to him.
That
pursuant
to
and
Bank
at
Branch
minimum of % p.a.or
the
in
monthly
yearly
equal
quarterly/half
instalments
of
Rs.
amount
and
shall
carry
rate
property
of
.%
having
good
be
encumbrances
charged
by
the
bank
and
he
is
of principal or interest.
charges.
shall
the
Bank/create
to
equitable
not
mentioned
during
in
the
Schedule
other
charges
as
herein
thereof
without
the
the
schedule
Bank
the
the
prior
property
amount
is
of
9. Notwithstanding
anything
bank
sum
of
Rs.. as margin
money.
house
accordance
in
approved
property
with
the
the
happening
house
property
in
borrower
of
upon
any
the
of
following
the
structure
without
loan
solely
purchase/construction
for
repair
events and
the
after
for.
conditions
contained
in
this
agreement
or
the
loan
application/attachment or distraint or
the
schedule
in
property
whether
borrower
insolvent
or
being
committing
mortgage
security
when
of
insolvency.
mortgage/charge
obligation
or
any
insure
the
mortgaged
the Bank.
account.
Banks security.
occurred
conclusive
and
or
not
shall
be
binding
on
the
borrower.
The
non-admission
or
appropriated
by
the
bank
loan.
borrower
agrees
to
In
these
presents
expression
officer
creating
Bank.
permanent structure.
if
required
for
schedule
the
witness
property
In
borrower
has
whereof
executed
cost
of
the
..
execution,
Borrower
Borrower
HL 2
the
these
SCHEDULE II
Terms and conditions of sanction of Housing loan
of Rs each over
the borrower.
a period of .
months. The repayment shall
commence immediately after
completion of construction /
purchase of flat / house or
of
margin
instalment
balance
borrowers
contribution/
initially
in
the
after
watching
the
progress of construction at
2. Interest at ..%
holding period.
the
full
value
of
its
within
due
date
clause
during
the
of ..% p.a. on
by the
borrower
receipt
and
the
produced
verification
apart
for
from
10. The
borrower
shall
not
building
offered
as
writing.
lawyer/valuer
HL 2
shall
be
SECTION-B
Ann.No
1.
Name of Document
Affidavit under the Urban land (Ceiling and Regulation) Act
1976.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Page No
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
Notice
of
termination
of
agreement
of
hire
purchase/lease/hypothecation F.35
26.A
27.
28.
29.
Rule 1989.
32
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
sale
of
imported
machinery
by
authorised
agent./distributor.
46.
47.
48.
50.
51.
52.
53
54.
55.
56.
57.
Letter of request for finance for import out of cash credit limit.
58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
80.
81.
82.
83.
84.
85.
86.
87.
88.
89.
-do-
90.
91.
92.
-do-
93.
94.
95.
Annexure 1
AFFIDAVIT
(To be executed on non-judicial stamp paper of requisite value as per Stamp
Duty prevailing in respective states)
I, .. S/o, D/o,W/o
aged . years
residing at
. do hereby solemnly affirm and state as follows:The following property mentioned in the Schedule A hereunder to be
mortgaged belongs to me absolutely.
I do not hold any other urban vacant land/* I hold other urban vacant loan
mentioned in schedule B hereunder total holding does not affect or violate any
provisions of Ceiling Law for the time being in force.
I confirm having given notice to the Competent Authority in writing of the
intended transfer by way of mortgage. In proof of the same. I am forwarding the
acknowledgement of the Registered letter sent to the Competent Authority.
Sl. No.
SCHEDULE A
SCHEDULE B
*Strike out, if not applicable
SIGNATURE
Annexure 2
Dear Sir/Sirs,
Date:
Ref: Your Loan
mortgage
created
of
by
of
deposit
on
20../
immovable
the
by
of
property
title
deeds
situated
at
made
at
day
registered
the
deed
dated
day of 20
Please return this form intact to the Bank as soon as possible with the
confirmation below signed across a Revenue stamp by each account holder and
with the concurrence below of the guarantor/s also signed across revenue stamp.
Yours faithfully
MANAGER
Encl:
To
Indian Overseas Bank
I/we hereby confirm and acknowledge my/our indebtedness on
in the sum of Rs (Rupees.
only) as stated above and further acknowledge that the debt is secured in the
manner stated above and that the foresaid documents of security/and the
mortgage created on.. are in full force and effect and that the
security there under is also in full force and effect.
(Stamp)
(Stamp)
(Stamp)
Date:
I/we the guarantors, concur in the foregoing confirmation of balance & Security
and acknowledge and declare that the letter of guarantee signed by me and
above noted is in full force of effect.
Date
Date Stamp
I/we, the guarantor/s concur in the foregoing confirmation of balance and security
and acknowledge and declare that the letter of guarantee signed by me/us and
above noted is in full force and effect.
(Stamp)
(Stamp)
(Stamp)
Signature of Guarantor(s)
Date
Note: In case of more that one guarantor each guarantor should sign on a
separate revenue stamp.
In case of joint borrowers i.e. individual other that partnership firm or
Limited Company etc, each of the borrower should sign on a separate revenue
stamp.
Annexure 3
From
..
.
.
To
The Manager
Indian Overseas Bank
.. Branch
Dear Sir,
Please transfer the following credit facilities enjoyed by me/us from your branch
to branch for the reason that ...
(Specify the reason)
Details of facilities
The Loan documents/security documents already executed by me/us and
securities/mortgages/already created shall as earlier agreed to in person
continue to be in force and applicable to the facilities transferred to the new
branch.
Thanking you,
Yours faithfully
Date
I/we . concur for the above arrangement.
Date .
cc to Branch
(Transferee Branch)
Annexure 4
This
Supplemental
Agreement
entered
having
into
its
between
M/s
Registered
Office
at....
hereinafter referred to as the Company (which term shall mean and include its
successors and assigns) represented herein by its Managing Director/Directors
Shri AND THE INDIAN OVERSEAS BANK a
Body Corporate constituted under the Banking Companies (Acquisition and
Transfer of Undertaking) Act 1970 and carrying on Banking business among
other places at whereinafter referred to as the Bank
which expression shall include its successors and assigns witnesseth as follows:WHEREAS for purposes of convenience and for proper operation of the
accounts
the
Company
has
requested
the
Bank
transfer
day of 20.
Company
Annexure 5
Stamp
The Manager
Indian Overseas Bank
.. Branch
AGREEMENT FOR
LOAN AGAINST R.B.I. DUTY DRAW BACK CREDIT SCHEME 1976
Dear Sir,
In
Consideration
Bank
time
not
of
exceeding
your
sum
of
Rs.. at any
authorities
delivered
the loan.
to
you
Demand
outstanding
90
days
within
at
any
time
shall
be
repayable by us on demand in
accordance with the Scheme.
back.
draw
of
the
customs
draw
back
as
back
has
been
with
agreed
in
interest
the
as
preceding
paragraphs.
9. That this agreement is not to
prejudice
the
rights
or
or
other
securities
promissory
note
for
Rs..) shall
operate
as
continuing
us.
advance
under
the
said
Scheme.
Yours faithfully,
Annexure 6
To
Stamp
The Manager,
Indian Overseas Bank
Branch
Dear Sir,
Credit facilities granted to me/us by way of
.. loan
Account No.
I/we availed a loan of Rs. on from your
Bank. There is an outstanding of Rs as on
which remains unpaid till date due to my financial difficulties. As I/we would like to
keep up my/our obligation to pay the said dues and to maintain good relationship
between the Bank and myself/ourselves, I/we hereby expressly promise to pay
the said dues entirely with interest within.. months.
Yours faithfully,
Date
Annexure 7
LETTER OF AUTHORITY
The Agent/Manager
Dear Sir,
In consideration of the
.. agreeing to
(Rupees
only)
MIS
certificates).
time
to
time
(Wherever
&
GIUS
The
letter
non-cumulative
of
mine/ours
any
accretions/accruals
3.
4. .
Holders)
Note:
1. A blank signed dated/undated
transfer
form
should
be
the
original
unit
certificate.
the loan.
2. In case of MIS and GIUS
Yours faithfully
(under
scheme)
non-cumulative
where
post-dated
issued
by
the
Trust
in
regularly crediting to
Advance Account.
the
Annexure 8
The JGM/DGM/MGR/DM
Unit Trust of India
.
.
Dear Sir,
ADVANCES AGAINST THE SECURITY OF UNITS
We
forward
herewith
letter(s)
dated
from
the unit holder(s) mentioned hereunder who has/have executed blank signed
dated/undated transfer deeds and submitted the unit certificate(s) No(s).
mentioned hereunder in original as also the post-dated dividend warrants
(applicable for MIS and GIUS non-cumulative certificates). We have sanctioned
loans/advances against security of the units mentioned hereunder. You are,
therefore, requested to note a lien in our favour against those units in your books
and continue the same till you hear from us in the matter. The income warrants
issued by you relating to the units that may be issued/payable hereafter may also
be forwarded to us till the authority is revoked by unit holder(s) and confirmed by
us (applicable in case of units issued by UTI under U.S. 64 only). We fully
understand that future dividend warrants only under U.S 64 when dividend is
declared and paid annually, will be forwarded to us till revocation of this authority,
whereas in respect of MIS or GIUS, (non-cumulative where postdated dividend
warrants for the entire scheme period have been issued in advance, will be taken
in our custody at our risk and the Unit Trust of India will not be responsible in
anyway for forwarding the same to us. Please also note to inform us in case you
receive any request for issue of duplicates of the units covered by the mandate
letter(s) enclosed and/or duplicate dividend warrants in respect of MIS and GIUSnon-cumulative certificates.
1. ..
2. ..
3. ..
4. ..
Yours faithfully,
Manager
Seal of the Bank
Annexure 9
Form No,.8
Particular of Charges
Modification of charge
Pursuant to section 125/127/135)
Annexure 10
FORM NO. 13
Registration No..
Nominal Capital..
Register of Charge
(pursuant to section 130, 135, 137 & 138)
created by a company registered in India
Particulars of Charge(s) subject to which property has been acquired by
company registered in India.
Name of the Company
Limited/Private Ltd.
Presented by
Created
Particulars of Charge(s)
subject to which property has been acquired
Limited/Private
Limited
a company registered in India.
______________________________________
Particulars of charge under section 125
1. Date and description of the instrument creating
the charge.
2. Amount secured by the charge/amount owing on
securities of the charge
Amount
Total..
Signature.
Dated the day of 20.
Name .
(IN BLOCK CAPITALS)
Designation
..
(FOR OFFICE OF REGISTRAR OF COMPANIES ONLY)
18. Date of Registration.
19. Serial No. of the document in file.
.
Signature of Registrar of Companies
Annexure 11
Letter to be taken from witness while taking loan documents from the blind person
Place:
Date:
To
The Manager,
Indian Overseas Bank
. Branch
Sir,
I confirm that in my presence the following documents were read over and
explained in vernacular language by your branch officials of Shri/Smt
who is a blind person and he/she
has understood the same.
Details of the documents read over and explained to the blind person.
Yours faithfully
..
Name:
Occupation:
Address:
Annexure 12
To:
The Postmaster
Sir,
I/we
(Name
Bank,
Co-op
Bank,
Registered
Co-op
Society
Corporation,
I/We agree that the certificate(s) shall be encashable by the pledge when the
security has been forfeited.
PARTICULARS OF CERTIFICATES OF-DECLARATION
IN LIEU OF LOST CERTIFICATES (S)
No. & Date of
Sl. No. of
Certificates
pledgee
Date
Name of the
Denomination
Office of
issue
Total No. of certificates or declarations: I/We enclose the identity slip for
endorsement it necessary.
Address of Transferor:
Yours faithfully,
Signature of Transferor
Date:
Certified that I am duly authorised under Art, 299 of the Constitution of
India (vide) Notification No. 10 dated 15.8.1961 by the Government of India In
With Designation
SI. No. of
Head Office
Sl .No. of Date
Certificate
Denominatio
n
For Postmaster
Date
NC41
Annexure 13
FORMAT OF CERTIFICATION ON DOCUMENTION
FOR ADVANCES
From
To
Name
Roll No.
Designation:
(Asst. Manager / Deputy Manager/
Senior Deputy Manager / Manager/
Senior Manager /Chief Manger)
CREDIT FACILITIES-ADVANCE DOCUMENTS
A/c:
Nature of facility .
I hereby certify that the relevant advance documents as per instructions in
Banks Book of Instructions/ Documentation Manual and circulars issued from
time to time/sanction endorsements have been obtained from the captioned
borrower in respect of .. (indicate
nature of facility and account No.) facilities sanctioned by you/RO/CO vide
sanction
No
dated
Annexure 14
To
Name:
Roll No.
Designation
Regional Office
(Manager)
CREDIT FACILITIES
ADVANCE DOCUMENTS
A/c: .
Nature of Facility
I hereby certify that the relevant advance documents as per instructions in
Banks Book of Instructions/ Documentation Manual and circulars issued from
time to time/sanction endorsements have been obtained from the captioned
borrower in respect of. (Indicate nature of facility and
account No.) facilities sanctioned by you/RO/CO vide sanction No
dated and that the documents are complete in all respects.
Signature
Annexure 15
From
To
The Manage/Chief Manager
Indian Overseas Bank
Sir,
Application for a loan against
the security of Indira Vikas Patra
I/we hereby apply for a loan against the security of Indira Vikas Patra held
by me/us. I/We hereby agree to abide by the rules and regulations of the Bank.
Please grant me/us a loan of Rs..
for the purpose of ...
Please take delivery of the under noted Indira Vikas Patras held by me/us, the
Title over which stands transferred to you by this delivery. I/We request you to
hold the said Indira Vikas Patras as security for all moneys now owing or which
shall at any time hereafter be owing from me/us and/or from
either separately or jointly with any other person or persons and either as
principal debtor or as surety for any other person or persons, including interest,
commission charges etc.
I/We hereby authorise you to sell/encash the said Indira Vikas Patras at
such time and price as you in your absolute shall think fit and apply the proceeds
after defraying the expenses attending the such sale/encashment, towards
satisfaction of moneys owing from me/us and/or from in any manner whatsoever.
PARTICULARS OF INDIRA VIKAS PATRAS DELIVERED
Sl.
Printed
Date of
No
Number Purchase
Issuing
Post Office
Purchase
Maturity
Date of
Price
Value
Maturity
Signature of Applicant(s)
Annexure 16
Date:
Dear Sir,
Ceding second charge on stocks and book debts
We refer to your request for ceding
under
otherwise.
Rs
in
this
their
securities
or
non/funded
to
be
extended by us.
4. X Bank shall not resort to any
legal proceedings for the sale
of the current assets or for the
acquisition
of the
regard.
6. Any
further
assistance
7. We
shall
be
under
no
to recall the
enforcement of security in
marking
their
interest
in
polices.
realisation
available
for
enter
agreement/arrangement with
of
the
current
into
an
inter-se
and
for
other
incidental matters.
12. The
copies
of
relevant
documents to be executed by
your
approval
of
insurance
Yours faithfully
.
premium,
obtaining
from
similar
other
first
Annexure 17
LETTER OF AUTHORITY FROM BORROWER
From
..
To
The Manger,
Indian Overseas Bank
.. Branch
Sir,
Sub: Loan under Pensioners Medical Benefit Scheme
With reference to the loan of Rs.
(Rupees.)
granted to me by you towards my medical expenses, I give you my irrevocable
authorisation to recover the monthly instalments commencing from the month of
.. my SB/CA/CC A/c
with you in which my pension is credited. This may be treated as a standing
instruction in my SB/CA/CC A/c.
Yours faithfully
.
Place:
Date:
Annexure 18
LETTER OF UNDERTAKING
(from son or any other person suggested by the borrower)
From
To
The Manager
Indian Overseas Bank
Branch
Sir
SUB: Loan under Pensioners Medical Benefit Scheme
With reference to the loan on Rs
(Rupees . .. granted
by you to Shri/Smt ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, towards
his/her medical expenses, at my request, I hereby personally give an irrevocable
undertaking to repay the balance in the loan account with interest in the
unfortunate event of his/her demise during the currency of the loan.
Yours faithfully
Place:
Date:
Annexure 19
Note :The first charge holder is being indicated as XYZ Bank
MEMORNDUM OF ENTRY (TITLE DEED NARRATION) TO BE ENTERED IN THE
REGISTER OF THE FINANCIAL INSTITUTION/BANK HOLDING THE TITLE DEEDS.
1. On
day of
and
Mr. .
properties
(Day)
(Month
&
Year)
other
by
immovable
his/her
the
Proprietor/Partner/Director
with an intention
.. (Name
said
immovable
.. (hereinafter
fittings
Mr
both
of XYZ Bank.
on
behalf
of
the
lands
and
other
properties
now
present
constructed,
and
future
writings
particularly
Rs...
the
together
with
compound
interest
described
more
in
First
interests
and/or
Working
on
on
aggregating to Rs.
charges
prepayment
redemption,
or
costs,
capital
facilities
together
with
compound
interest
result
of
devaluation/fluctuation in the
on prepayment or redemption
increase
3. Mr.
(The
said
Borrower)
accorded
assent
and
and
gave
oral
consent
to
Mr
of XYZ Bank
acting for itself and as agent
of
Indian
Overseas
as
interest
and/or
result
of
Bank
said
of
Mr
equitable
mortgage
by
borrower.
stated
constructive
delivery
as
security also
for the
due
to
loan:
the
bank.
that
the
mortgage
mortgage
already
5. Mr
Resolution
passed
by
the
Director
meeting
of
the
borrower
held
on.a
behalf
said
of
the
borrower
resolution
to
Mr.
of
Director
borrower
of
not
of
the
the
said
immovable
been
modified
or
nature
and
tenure
with
the
said
immovable
due
repayment
and
agreement/
sanction
letter.
6. Mr
7. MR.(
The
said
borrower
said
deposited
title
by
deeds
so
him/her
the
were
documents
of
the
only
the
deeds
and
borrower/company
the
had
said
a
the
properties.
was authorised to do so by a
*Strike out which ever is not applicable
said
immovable
FIRST SCHEDULE
LIST OF TITLE DEEDS
SECOND SCHEDULE
DESCRIPTION OF LAND & BUILDING
Annexure 20
FORMAT OF THE AUTHORISATION LETTER TO BE ADDRESSED
BY THE BANK TO THE FIRST CHARGEHOLER / ANOTHER BANK
FOR ACCEPTING TITLE DEEDS UNDER PARI PASSU ARRANGEMENT
To
Date:
Sirs,
Letter of authority for execution/ extension of mortgage*
A/c..(Borrower)
We, Indian Overseas Bank, hereby authorise you acting through any of your
authorised official and acting for yourself and also as agent for us to accept
actual/constructive delivery of deposit of all the documents of title, evidences,
deeds, and writings to be made by the borrower in respect of immovable
properties situated at together with the buildings
and other structures, fixed plant and machinery, fixtures and fittings etc., present
and future with the intention to create/ extend the mortgage to secure the due
repayment and discharge by the borrower of all the credit facilities extended by
us aggregating to Rs.. together with interest additional
interest compound interest, commitment charges, commission, costs, charges,
expenses and other monies including any increase as a result of devaluation/
Yours faithfully,
Annexure 21
CONFIRMATION LETTER EVIDENCING EXTENSION OF MORTGAGE
(To be given by the Borrower)
Place:
Date:
To
The first charge holder/institution
Corporation/Bank accepting the title deeds*
(Address)
Dear Sir,
I/We have already deposited the little deeds on . of
the property situated at.. (full description of the property
and its address with an intention to create a mortgage thereon for the advances
granted and/or to be granted to me/us by.
(name of the first charge holder bank accepting the TDS). I/we confirm my/our
visit to your office on .at. am/pm and during the
visit. I/we authorized you, your institution acting for itself and as agent of Indian
Overseas Bank, to continue to hold the said title deeds relating to the above said
property as continuing collateral security for the advances made and/or to he
made
to
me/us
by
Indian
Overseas
Bank
to
the
extent
of
Rs. (Rupees
.. only) and all other indebtedness and
liabilities whatsoever together with interest, additional interest, further interest,
compound interest, commitment charges, commission, cost, charges, expenses
and
other
monies
including
any
increase
as
result
of
Yours faithfully
.
CC:IOB Branch
Annexure 22
FORMAT OF CONFIRMATION LETTER TO BE OBTAINED FROM THE FIRST
CHARGE HOLDER BANK ACCEPTING THE DEPOSIT OF TITLE DEEDS IN
PARI PASSU ARRANGEMENT
Date:
The Manger
Indian Overseas Bank
Branch
Sir,
A/C .. (Borrowers name)
Thanking you,
Yours faithfully,
Annexure 23
Form 29
(See Rule 55 (1)
Form of note of transfer of ownership of a motor vehicle
(To be made in duplicate and the duplicate copy with the endorsement of the
registering authority to be returned to the transferor immediately on making
entries of transfer of ownership)
To
The Registering Authority,
(in whose jurisdiction the transferee
resides
I/we
resident
at
to
be
sent
acknowledgement due.
to
the
Registering
Authority
by
Registered
post
OFFICE ENDORSEMENT
No. .dated. office of the
The Ownership of the vehicle have been transferred to the name of
with effect from (date)
Registering Authority
(office Seal)
To
..
..
(The Transferor)
By registered post or delivered under proper acknowledgement. Strike out
whichever is inapplicable.
Annexure 24
FORM 30
(See rule 55 (2) and (3)
Report of transfer of ownership of Motor Vehicle
Part 1-For the use of the transferor
(To be made in duplicate if the vehicle is held under an agreement of hire
purchase/lease/hypothecation and the duplicate copy with the endorsement of
the registering authority to be returned to the financier simultaneously on making
the entry of transfer of ownership in the certificate of registration)
To
The Registering Authority,
to
Shri/Smt
.son/wife/daughter of residing
at. (full address) and handed over the certificate of
registration and the certification of insurance to him/her/them.
certificate of
Signature to Transferor
Date ..
To
The Registering Authority
transfer
of
ownership
of
the
said
vehicle
to
Shri/Smt/kumari
Date..
OFFICE ENDORSEMENT
NoDatedOffice
of
the
..
Registering Authority
To
Annexure 25
FORM 34
(See Rule 60)
Application for making an entry of an Agreement of hire
purchase/lease/hypothecation subsequent to registration.
(To be made in duplicate and the duplicate copy with the endorsement of
the registering authority to be returned to the financier simultaneously on making
the entry in the Certificate of Registration)
To
The Registering Authority
.
The motor vehicle bearing registration number .. is the
subject of an agreement of hire-purchase/lease/hypothecation between
... the registered owner / person to be registered
as owner and
(fill the name and full address of the financier)
I/we request that an entry of the agreement be made in the Certificate of
registration and the relevant records in your office.
The Certificate of registration together with the fee is enclosed.
Dated..
Signature of the Registered
Owner
Dated ..
Signature of the Financier.
OFFICE ENDORSEMENT
Number Dated Office of the
Dated .
To
.
(Name and address of the Financier)
By Registered post or delivered under proper acknowledgment
Annexure 26
Form 35
(See rule 61(1)
Notice of Termination of an Agreement of Hire
Purchase/Lease/Hypothecation
(To be made in duplicate and the duplicate copy with the endorsement of
the registered authority to be returned to the financier simultaneously on making
the entry in the certificate of registration).
To
The Registering Authority,
.
We
hereby
declare
that
the
agreement
of
hire
purchase/lease/hypothecation entered into between us has been terminated. We
therefore, request that the note endorsed in the Certificate of Registration of
vehicle No.. in respect of the said Agreement
Between us, be cancelled.
That Certificate of Registration together with the fee is enclosed.
Date
Date .
Signature of the
Financier
OFFICE ENDORSEMENT
Dated .
To
..
(Name and address of the Financier)
By Registered Post or delivered under proper acknowledgement
Annexure 26A
ii.
iii.
(3) An application for transfer of ownership of a motor vehicle under subclause (ii)of clause (a) of sub-section (1) of section 50 shall be made by
the transferee in Form 30 and shall in addition to the documents and fee
referred to in sub-rule (2) be accompanied by one of the following
document namely.
b a no objection certificate granted by the registering authority under subsection
(3) of section 48.
c An order of the registering authority refusing to grant the no objection certificate
under sub-section(3) of section 48 or.
c Where the no objection certificate or the order as the case may be has not
been received, a declaration by the transferor that he has not received any such
communication together with
a. The receipt obtained
Annexure 27
(DECLARATION REGARDING LEVYING OF PENAL INTEREST)
To
Indian Overseas Bank
.. Branch
This
forms
an
integral
part
of
the
document
of
Place:
Date:
Signature of borrower(s)
Annexure 28
PLACE
DATE
To
Dear Sir/Madam,
OVERDRAFT IN YOUR SAVINGS BANK
ACCOUNT NO
We have to-day paid your Cheque No
dated favouring
for Rs. (Rupees
. only). By payment of
the above cheque, your account stands overdrawn to the extent of Rs.
...
(Rupees
only) kindly acknowledge and provide funds to clear the overdraft at an early
date.
Thanking and assuring you of our best attention always.
Yours faithfully
Annexure 29
EXTRACT OF RULE 12 OF THE NATIONAL SAVNGS CERTIFICATE (VIII ISSUE)
RULES, 1989
Rate 12
Pledging of certificate:
1. On an application being made in the prescribed form, by the transferor and
the transferee, the Postmaster of the office of registration may, at any time,
permit the transfer of any certificate as security to:
a. the President of India or Governor of a State in his official capacity.
b. the Reserve Bank of India or a scheduled bank, or a co-operative
society, including a co-operative bank;
c. a corporation or a Government company and.
d. a local authority
Provided that the transfer of a certificate purchased on behalf of a minor shall not
be permitted under this sub-rule unless the parent or the guardian of the minor
referred to in su-/clause (i) or, as the case may sub-clause (ii), of clause (b) of
section 5 of the Act certifies in writing that the minor is alive and the transfer is for
the benefit of the minor
2. When any certificate is transferred as security under sub-rule (i) the
postmaster of the office of the registration shall make the following
endorsement on the certificate namely.
Transferred as security to :
Place :
..
Date:
(Exporter/Importer Customer)
Ref :
Dated:
Dated:
DETAILS
Others
No.
Payable Usance
Rate
DA/DP
Rupee
Delivery
Equivalent
for
Sign Verified
For Indian Overseas Bank
(Name Sign.No)
Assistant Manger
F258 B
We confirm
i.
ii.
that the changes in the contract has been made subject to the
provisions of Exchange control Manual & FEDAI rules.
iii.
that we have diarised the 7th day of expiry of the delivery period.
F258B
Annexure 33
PARTNERSHIP LETTER OF AUTHORITY TO BE TAKEN FROM ALL THE
PARTNERS TO SAVE LIMITATION-CREATION OF SECURITY
The Manager,
Place:
Date:
. Branch
Dear Sir,
Execution of Documents/creation of security
Notwithstanding anything to the contrary contained in the Partnership
Deed, we, 1) 2)
3) and 4) .
partners of M/s. .
..
hereby place on record that each partner among us is authoriwsed to make
payment on behalf of the firm and sign periodical confirmation of balance/revival
letters. Such payment documents made or given by any one of us shall be
binding on all of us jointly and/or severally and shall save limitation against all of
us jointly and or severally for the purpose of Low of Limitation.
Any security of our firm including mortgage given by any one of us shall be
binding on the firm in which we are partners.
Yours faithfully
1.
2.
3.
4.
Annexure 34
NO-LIEN LETTER FROM BORROWERS LANDLORD
From
Place:
Date:
.
.
(Name and address of Building Owner)
To
The Manager
Indian Overseas Bank
Dear Sir,
Credit facilities A/c your condition for
granting credit facilities to produce No lien letter
from the landlord-Goods and Machinery of your borrower kept
in my/our premises at (Address)
I am/we are aware of your Banks hypothecation rights on the goods and
machinery kept in the above premises. I/we shall not exercise or assert any lien
or right or priority over them at any point of time for any arrears of rent or money
due to us from your borrower or guarantor and I/we shall not cause any
hinderance or objection to your officials for entering the premises for the purpose
of inspection, verification, taking possession or otherwise dealing with the said
goods an machinery. The contents of this letter are irrevocable and it will bind
my/our successors and assignees.
Yours faithfully,
Annexure 35
Stamp
TO BE STAMPED AS AN AGREEMENT
(Letter to be obtained from the legal heirs of deceased borrowers)
Dear Sir,
You have granted a
(nature of facility)
loan
of
Rs.
we
regret
to
inform
you
to
shri/smt
that
shri/smt
died on we
are the legal heirs of the deceased. We understand that you are proposing to file
a suit against un to recover the dues owed to you by the deceased. The balance
outstanding in the account is Rs.. as on. We
confirm the correctness of the balance. Please do not file a suit against us now.
In consideration of your
undertake to repay the entire dues owed by the deceased. We also undertake to
pay interest at the rate of .. per annum on the
above said sum with.. rests. For any reason, if
the Bank recalls the amount from us, we shall pay the entire dues on demand
and we bind ourselves personally to pay the amount. The banks right over the
securities, if any, furnished by the deceased will not be prejudiced by this
undertaking.
Yours faithfully
1.
2.
3.
4.
Annexure 36
LEGAL OPINION TITLE REPORT ANNEXURE
5. Description of Property
Sl.No
Extent
Survey No
Amount
door/plot no.
to tax /
name of street,
Kist
Boundaries
Annexure 37
DECLARATION IN RESPECT OF TERM LOAN/SMALL LOAN AVAILED
Place:
Date:
From
.
.
To
The Senior Manager/Manager
Indian Overseas Bank
. Branch
Sir,
Reg : Term Loan/small Loan for Rs.
Annexure 38
FORMAT OF UNDERTAKING LETTER TO BE TAKEN FROM
BORROWER EVERY TIME WHEN PACKING CREDIT IS GRANTED IN
FOREIGN CURRENCY BESIDES DOCUMENTS STIPULATED IN THE
MANUAL OF DOCUMENTATION
(Borrowers Name & Address)
From ..
Place
..
Date :
To
Indian Overseas Bank
.. Branch
Dear Sir,
PACKING CREDIT ADVANCE IN FOREIGN CURRENCY
in
Foreign
currency
....)
(figures)
Principal Amount at TT Selling Rate arrived at as above, from the date of granting
the Foreign Currency Advance till the date of recovery, after adjustment of any of
interest already charged/recovered.
While discounting the export bill, relating to the export of the finished
goods, I/we also request the Bank to discount the bill in foreign currency instead
of Indian Rupees, as permitted by RBI and in such an eventuality of discounting
the export bill, in foreign currency, we request the Bank to credit the foreign
currency amount in my/our account after adjusting the packing credit advance.
If the export bill is drawn in any currency other that the currency of packing
credit the amount of currency of the bill required for complete adjustment of the
packing credit advance may be converted at cross rate prevailing on that day.
The balance bill proceeds may be released through my/our account and
as and when utilisation is required in Indian Rupees, the conversion may be done
at Banks Buying rates.
Thanking you,
Yours faithfully
Annexure 39
FORMAT OF THE LETTER TO BE TAKEN FROM BORROWER EVERY
TIME WHEN DISCOUNTING BILLS IN FOREIGN CURRENCY BESIDES
DOCUMENTS STIPULATED IN MANUAL ON DOCUMENTATION. THIS
LETTER IS NOT REQUIRED IF THE BORROWER HAS AVAILED
PACKING CREDIT ADVANCE IN FOREIGN CURRENCY AND
EXECUTED THE REQUIRED UNDERTAKING LETTER FOR THAT
PURPOSE
Place:
Date:
To
Indian Overseas Bank
. Branch
Dear Sir,
REQUEST FOR DISCOUNTING BILL(S) IN FOREIGN CURRENCY BILL
NO..DTFORDRAWN
ON
PLEASE discount the above bill(s) and release the amount in the same
foreign currency through our account and as and when we require utilisation of
the amount in Indian Rupees, the conversion may be made at Banks Buying
rate.
Thanking you,
Yours faithfully,
Annexure 40
THE NOTICE TO BE SENT TO THE RAILWAYS/LORRY COMPANY
BY REGISTERED POST ACK. DUE
To
Date.
Dear Sir,
Consignment of ..
RR No. . /LR No
Date of Booking . Booked from ..To ..
Name of the consignor
Name of the consignee
Loading of Claim U/s. 10 of the Carriers Act/under Section 78-B of the Railways
Act.
We hereby lodge claim for loss/destruction/damage/deterioration/non
delivery of the above goods at the place of destination.
FURTHER
DETA
FURTHER
DETAILS,
IF ANY
Place pay the full value of the goods/damaged goods,
Yours faithfully,
.
Copy to: (Party Name & Address) By Regd. Post Ack. Due
We have served this notice since the claim is to be lodged within six
months as per the statutory provisions. We have done this without any obligation
on our part to do so and without prejudice to our right of recovery of the dues
from you. Please have further correspondence with the Railways/Public Carrier.
Annexure 41
NOTE
This Agreement provides for priority of Mortgage and Realisation of
Security and Sharing of Sale Proceeds
Ltd.
(name of the borrower) hereinafter called the Borrower (which expression shall
include its successors and assigns) has been granted loan by the Bank and
KVIC. To secure the said loan the Borrower has created an equitable mortgage in
respect of its properties situated at.. (Description
of the property) in favour of the KVIC on in favour of
KVIC
Unless otherwise agreed to in writing between the Bank, KVIC and the
Borrower, no prepayment of the said advances shall be made by the Borrower in
favour one of them without repaying proportionately the amount of advances due
to bank and KVIC.
Notwithstanding the time of creation of the mortgage in favour of the Bank
and KVIC it is agreed between the parties hereto that for all purposes it will be
treated that the mortgage in favour of the Bank shall rank in priority to the
mortgage created in favour of KVIC. It is further agreed between the parties that
on enforcement and realisation of the security, the proceeds will be first utilised
for the liquidation of various loans, interest, costs, charges and expenses due to
the Bank and the remaining amount shall be utilised for the liquidation of loans,
interest, costs and expenses due to KVIC. The balance if any shall be payable to
other creditors i.e., KVIC to the borrower. Until such application the monies
realised by any of the prates or any receiver appointed by them shall be held by it
or by such receiver on trust for the said Bank/KVIC in accordance with their
respective rights hereunder.
The Bank and KVIC shall keep the other advised of all matters affecting
these presents and particularly each of them shall prior to taking any action or
other steps for enforcement of its security consult other and the parties shall cooperate with one another in respect of all matter so far as the same is practicable
without affecting their own respective rights and each of them shall at all times
keep the other informed of all serious and important matters coming to their
knowledge relating to the mortgaged property or any part, portion thereof. If at
any time in the course of enforcement security any of the parties decides to
appoint the receiver it may in exercise of the power reserved therefor, shall
appoint such receiver after consultation with the other.
Each of the parties shall not without the consent of other agree to any
modification of the terms of the advances and shall not without like consent
grant time or any indulgence to the Borrower after the security, has become
enforceable or being enforced by any of the parties.
The parties hereto shall be at liberty to take any additional security for the
aforesaid limit or any part thereof and no such security in whole or part shall be
released either by the Bank or by KVIC, without obtaining the concurrence of the
other. Such as action shall not affect prejudicially the operation of this agreement
or the rights and remedies of the Bank or KVIC. The Bank and KVIC shall
endeavour to have the benefit on any such additional security extended to each
other.
The parties hereto agree that all acts, deeds and things done in
(1)
(1)
(2)
Annexure 42
INDEMNTIY
-
to be stamped as Indemnity
of Rs.40/- in Tamil Nadu;
S/o
D/o
W/o
in
No
executed
in
between
Sri
Smt.
and myself.
The said original Partition Deed is not available when come since it was handed
over to Sri . and the partition deed was not drawn
in sets also. I am having only certified copy of the partition deed.
I have informed this fact to the Bank and also requested to accept certified copy
of the said document
EXCUTANT
Signature of Official
(Name, Destination & Roll No.)
Annexure 43
LETTER OF UNDETAKING
(VIDYA JYOTHI SCHEME)
Place:
Date :
To
Indian Overseas Bank
.
.
.
Dear Sir,
With reference to the Vidya Jyothi study loan sanctioned by the bank for
the study of Mrs./Mr./Miss
notwithstanding the amount of loan mentioned in the loan documents for the
entire course, we the borrower(s) and guarantor(s) hereby state that the bank
need not release the next stage of the loan, if there is any default in the
repayment of the instalments relating to the previous stage of the loan.
Yours faithfully,
Borrower(s)
Guarantor(s)
Annexure 44
(To be stamped as an agreement.)
Industrial Development Bank of Indian
Bills Rediscounting Department
New India Centre
17, Cooperage,
Mumbai-400 039.
Dear Sirs,
IDBI Bills Rediscounting Scheme
WHEREAS
1.
We
are
institution
an
under
approved
the
Rediscounting
Bills
Scheme
operated
by
you,
back
from
sales
notes
of
such
bills,
their maturity.
arising
indigenous
of
delivery
3.
(hereinafter
of
for
facility
i)
We shall, instead of
as
under
IDBI, a declaration in a
form
maturity.
NOW
THIS
THAT
INDUSTRIAL
relax
covered
by
such
declaration.
the
such
to
of
receipt
IDBI
manner
and
On
DEVELOPMENT
pursuance
Scheme,
OF
in
the
IN
CONSIDERATION
required
AGREEMENT
WITHNESSES
presently
ii)
We shall
IDBI,
before
respective
maturity,
we
hereby
not
pay to
less
three
dates
of
as follows:
agent
of
IDBI,
re-
statements
our favour.
required by them,
iii)
The
vii)
on us.
further
any
agree
other
documents
declarations
also
as
under
bills
on
its
account
as
aforesaid.
Scheme.
viii)
We shall forward to
IDBI and RBI such of the
bills
covered
by
our
the
the
We enable IDBI to
authorised
such
purpose of rediscounting
bills
its
hitherto
furnish
of
certificates,
v)
be
rediscounted by us with
supporting
the
shall
officials,
and
IDBI
IDBI,
from
such bills.
iv)
may be
other
as
ix)
We hereby further
damage
vi)
We shall submit to
IDBI
and
RBI
such
that may be
suffered by it on account of
its paying to us (on the
subsequently
herein),
reason whatsoever.
the
discounted
under
Scheme or which
be
found
Yours faithfully,
the
may
ForBank,
Annexure 45
Application to be submitted by discounting bank while availing of
rediscounting facilities covering sales of Imported machinery by
authorised
selling
agent/distributor*
(when
bills/pronotes
are
To
The Deputy General Manager/Manager,
Industrial Development Bank of India,
Bills Rediscounting Department.
Dear Sir,
We
refer
the
IDBI
letter
promissory
notes
(as
listed
in
No dated
. sanctioning a limit of
Rs
Rs
rediscounting
for
2.We
forward
herewith
bills/ promissory notes (as listed in
Annexure)
which
may
be
of
bills/
imported
machinery/equipment
manufactured
by
@
soid
and
by
on
bills/promissory
been
notes
despatched
has
by
the
lodging
bills/promotes
been
drawn/made/accepted/endorsed
by
an
industrial
concern
as
title
to
with
the
full
the
bills/promissory notes.
us
for
said
further
certify
exchange
promissory
that.
arising
manufacturer
the
the
discounting of bills/promissory
machinery
for
prior
to
out
of
the
notes
said
that
on
the
said
bills
of
exchange/promissory
notes
is/are
good
genuine
signature(s).
and
We
have
notes
(less
yours faithfully,
distributor
of
imported
machinery
(Signature of authorised official)
* Omit which is not available.
Annexure 46
Application to be submitted by discounting bank while availing of
rediscounting facilities covering sales by manufacturer/seller
(When bills / pronotes are physically lodged / not physically lodged)
To
The Deputy General Manager
Industrial Development Bank of India
Bills Rediscounting Department
Dear Sir,
We
refer
to
IDBI
letter
no dated
sanctioning a limit
the
March
10,
1965,
as
1. We forward herewith
aforesaid
bills/promissory
. bills /
commercial
Annexure)
be
hereby
of indigestions machinery /
which
rediscounted.
may
*We
or
trade
of
equipment by $
bills/promissory
notes
(as
accepted/endorsed
aggregate
of
Rs
sum
by
an
hereby
favour
certify
that
of
IDBI
by
the
bank.
the
said
bills
of
exchange/promissory
notes
is/or
good
genuine
and
signature(s).
We
have
bills/promissory
bills/promissory
has
been
notes
despatched
by
the
manufacturer-seller
to
the
with
us
for
Your faithfully,
title
to
the
said
bills/promissory notes.
3. We further certify that the bills
of exchange/promissory notes
arising
out
of
the
said
and
properly
Annexure 47
Application to be submitted by discounting bank while availing of
rediscounting facilities covering sales by authorised selling
agent/distributor*.
(when bills / promotes are physically lodge* / not physically* lodged
To
The Deputy General Manager
Industrial Development Bank of India
Bills Rediscounting Department
Dear Sir,
We refer to IDBI letter no
Rs.
for
the
concerns,
2.We
3. We
forward
herewith
March
10,1965
as
aforesaid
bills/promissory
.X bills/promissory notes
commercial
may be rediscounted. We
of
equipment manufactured by
of
and sold by .
aggregate
sum
of
Rs.
Indigenous
or
trade
machinery/
of
under Section.2
(c) of the
for
the
are
exchange/
promissory
and
properly
of
IDBI
by
the
as such,
promissory
aforesaid
notes
genuine
is
and
signature(s).
or
good
We
bills/
promissory
have
bills/promissory
bills/promissory
has
by
the
manufacturer sellor to
the
been
notes
despatched
with
us
notes
(less
for
Yours faithfully
title
to
the
bills/promissory notes.
said
Annexure 48
Application to be submitted by discounting bank while availing of
rediscounting facilities covering sales by design engineering concern
(When bills/promotes are physically lodged / not physically* lodged)
To
The Deputy General Manager
Industrial Development Bank of India
Bills Rediscounting Department
Dear Sir,
sanctioning a limit of
Rs.
IDBI
for
rediscounting
vide
Circular
letter
2.We
forward
herewith
..
bills/
time to time.
3.We
hereby
certify
that
aforesaid
Annexure)
which
may
be
bills/promissory
the
trade
for rediscounting of ..
indigenous
of
been
Rs.
transitions(s)
notes
machinery/
relating
to
equipment
drawn/made/accepted/
stamped
favour
the
and
of
IDBI
properly
by
the
bills/promissory
creditworthy
their
by chequs drawn
Reserve Bank of
machinery
and
as
covered
bills/promissory
notes
such,
by
the
has
been
on
the
India for
Yours faithfully
Annexure 49
Letter to be addressed by the Bank to industrial concern conveying
sanction of financial assistance under the Mahila Udyam Nidhi Scheme.
Madam,
Financial assistance under
Mahila Udyam Nidhi Scheme
dated
Loan
in
half
yearly/quarterly instalments of
Rs.
commencing from
the
form
of
loan
of
Rs (Rupees
.. only) (hereinafter
referred to as the Soft Loan) to you/
yours company (hereinafter referred
to as the Borrower) under the said
scheme through us
2. The
Borrower
shall
each
pay
(hereinafter referred to
on
the
conditions:-
following
terms
and
SIDBI/Bank,
such
subject
to
which
financial
has
been
assistance
interest
unless
otherwise
Soft
shall
postponement.
any
restrictive
Loan
such
together
become
with
due
remedies
and
as
are
amounts
from
the
Borrower.
7. The
rights
and
powers
excluded
shall,
mutandis, apply to
mutatis
by
SIDBI,
periodically
at
such
The
to
terms
conditions
in
and
comply
pursuance
with
of
such
and
in
If
the
above
terms
and
by
the
Yours faithfully
person
(Authorised signatory)
The Original of this letter has been received and this duplicate is being
returned duly signed indicating acceptance of the terms and conditions
therein.
For
(Sole Proprietor)
NOTES:
RESOLVED THAT
.. (Rupees .
. only) under the Mahila Udyam Nidhi Scheme of SIDBI.
RESOLVED FURTHER THAT the offer and the terms and conditions contained in
the letter of sanction No .. dated ..
received by the Company from the . Bank acting as agent
of SIDBI (a copy of which duly initialed by the Chairman of the meeting for the
purpose of identification has been placed on the table ) be and the same are
hereby
accepted
and
that
Shri
CERTIFIED TO BE TRUE
Director / Secretary
Annexure 51
LETTER TO BE OBTAINED FROM THE BORROWER
- Introduction of Loan System for Delivery of Bank Credit
- To be stamped as an Agreement.
Dear Sir,
Reduction of Funded Working Capital
facility and granting of Demand Loan as per RBI directives.
We confirm that we are availing presently the following fund based working
capital limits from your bank:
..
Limits
Cash Credit
::
Bills
::
Total
::
---------------------------------------------------
As per RBI directives, please carve out Rs. .. out of the said limits and
grant it by way of demand loan renewable on annual basis, against the security
of Current asset / machinery as you may stipulate for which we shall execute
necessary loan / security documents from time to time.
The revised allocation of limits shall be as under :
Limits
Cash Credit
::
Bills
::
Demand Loan(s)
::
We undertake to file modification of charge with ROC for the reduction of the
limits and also to file fresh charge for the demand loan (s) within time.
We agree that your bank should have the right to recall the working capital credit
facilities including the said demand loan(s), if the bank considers that our
performance is not satisfactory or we have used the amount of working capital
facilities for purposes other than the working capital requirements or for any other
reason as may be considered necessary in the discretion of the bank.
We undertake to furnish you, the concurrence of the guarantors for this
rearrangement of the credit facility either by counter signing this letter or by
giving separate consent letter.
Thanking you,
Yours faithfully
Authorised Signatory.
Guarantor(s)
Annexure 52
NOTE
Place :
Date :
To
Indian Overseas Bank
...
Sub : Credit facilities extended under my personal guarantee to M/s.
Reduction of funded working capital facility and granting of demand
loan as per RBI directives.
I hereby give my consent for rearrangement of the working capital facilities
granted to the above borrower within the limit guaranteed by me and I confirm
the continuance of my guarantee.
Yours faithfully
(Guarantor)
Annexure 53
Note to Branch
(1) Please fill up blanks
(2) Please append enclosure containing
details of sharing pattern among
banks.
To
The Borrower
Date
Dear Sir,
Delivery of working capital from the Bank
In the form of Demand Loan and Cash Credit
As you may be aware, Reserve Bank of India in the recent credit policy
has mandated that in all
capital facilities of Rs. 20 crores and above from the banking system,a maximum
of 75% of it should be made available in the form of Cash credit / Bills and
Cheque Purchase limits.
Refer:
2.
Presently, the following fund based working capital limits are made
available to you by consortium
Limit
Rs. ..
Limit
..
.
Total
.
The details of the sharing pattern for the above said facility are given the
Annexure.
4. The terms on which the WCDL would be made available to you are as follows:
(a) Except as provided in the agreements executed for the Cash Credit
facilities, the loan will be repayable on a specific date, one year from the
date of debit to the WCDL account, in one lumpsum bullet payment. In
terms of the conditions governing the Cash Credit facility, the WCDL is
repayable on demand and as such the Bank reserves the right to recall
the loan as provided for in the agreements executed for the Cash Credit
facility, inter alia if the performance of your unit is not satisfactory or where
your company is found to have used the amount for purposes other than
for which the loan is sanctioned or for any other reasons considered
necessary. In case you repay th loan either in whole or in part, before the
date on which the repayment is due such repayment will be subject to
cancellation of the limit.
(b) If you do not repay the loan on the due date, and desire that we continue
the facility after the due date, we may consider, at our option, renewal of
the loan or fresh sanction thereof with an enhancement in the limit as the
case may be, on due request therefore from you prior to the due date, you
request in this regard shall be a part of the application for the renewal of
the overall working capital finance made available to you.
(c) If the loan is not repaid on the due date or renewed before the due date, it
would be considered as a irregular advance, and penal interest would eb
charged thereon and the bank may at its discretion call up the entire cash
credit facility including the WCDL.
(d) The interest charged on WCDL will be same as applicable to the Cash
Credit facility on the dates interest becomes due on the loan. It will be
recovered by debit to your Cash Credit account.
(e) Debits in the loan will be as follows:
(i)
(ii)
Yours faithfully
MANAGER
(Rs. in Lacs)
Existing
BANKS
Working
Capital
Limit
Revised Cash
Working
Credit
Component
Capital
Demand Loan
(CCC)
(WCDL)
(75%)
(25%)
Annexure 54
SPECIMEN LETTER TO BORROWERS
(Under Certificate of Posting)
To
Date :
..
Branch Manager
Annexure 55
SPECIMEN LETTER TO GUARANTORS
(UNDER CERTIFICATE OF POSTING)
To
Date
.
.
.
facilities
guaranteed
by
you.
Accordingly,
with
effect
from
charged @ .. % p.a.
Thanking You,
Yours faithfully,
.
Branch Manager
Annexure 56
Draft of the letter to be obtained from the borrower in order to create a separate
sublimit out of the Cash Credit Limit by way of Import Cash Credit Account.
Letter to be taken as one time measure from all CC parties, who are likely to
avail the CC facility for import of goods at any point of time to be obtained in
duplicate, one for correspondence file and one for Documentation file.
Place :
Date :
To
Indian Overseas Bank
..
Dear Sir,
Cash Credit Facility Extended to us by the Bank
As per the RBI directives to levy interest rate surcharge on the credit for
import, we request you to release the credit for our imports as and when required
by us, out of our regular cash credit limit through non-operative Import Cash
Credit Account. We also agree to pay interest rate, surcharge calculated @ 25%
on the interest charged in our cash credit account, besides the interest applicable
for the cash credit facility. The security by us for the cash credit facility shall
continue to be available for the outstanding under such releases since they
would be released only out of the cash credit limit extended to us.
Thanking you
Yours faithfully
(Borrower)
Annexure 57
Draft of the letter to be obtained from the CC parties as and
when creating separates sub limit out of the CC limit for
meeting import obligation to be obtained in duplicate, one
for the correspondence file and one for documentation file.
Place :
Date :
To
Indian Overseas Bank
.
Dear Sir,
Requested for Finance for import out of our CC Limit.
Bill No. .. dt.
. Drawn by
. Letter of Credit No . Dt.
.. favouring
We request you to pay Rs. .. (Rupees
only ) to meet our liability under the above
bill(s) / LC out of the cash credit limit sanctioned to us and keep our liability in
non-operative Cash Credit Account from the sales realisation and adjust the
accounts We are also aware that, as per RBI directives, no credit will be
permitted in the non-operative account before the expiry of a minimum period of
one month from the date of the drawal. We also agree to pay interest rate
surcharge for the said outstanding calculated 25% on the interest charge in our
CC account, besides the interest applicable for the CC facility
Thanking You
Yours faithfully
..
(Borrower)
Annexure 58
VALUATION REPORT ON IMMOVABLE PROPERTIES
Ref :
Date :
Pursuant to the request from
the property at ..
which is owned by
was inspected on
for the purpose of assessing the present market value.
(2)
(3)
(4)
It is declared that,
(i)
Station :
Date :
4.
S.F.No. / T.S.No.
Village / Block
Taluk / Ward
District / Municipality
North
South
East
West
6. Class of Construction
PART I
FORMAT FOR VALUATION OF
VACANT RSIDENTIAL PLOT / COMMERCIAL SITE / LAND
2. Present Address
3. Document referred
4.
Location of site
(Sketch / plant enclosed)
S.F.No/T.S. No
Village / Block
Taluk / Ward
District / Municipality
5. Site Dimension
North
South
East
West
7. Valuation
a) Fair Market Value
: Rs.
: Rs.
: Rs.
: Rs.
Year of Construction
Roof
sq.ft.
G.F.
F.F.
Detailed Description:
A. General Information :
1. Type of Construction
2. Quality of Construction
4. No. of floors
Pinth
Area
7. Drainage arrangements
:
:
Foundation
Superstructure
Roof
Joinery
Floor Finish
3. Year of Construction
Years
Years
sq.ft.
: Rs.
8. Replacement Value
: Rs.
sq.ft
: Rs.
(II) B
Floor
Superstructure
Roof
Joinery
Weathering course
3. Year of construction
8. Replacement value
Rs.
9. Depreciation value
Rs.
Description
Repl. Value
II C
Depreciation
Net value
GF
Rs.
Rs.
Rs.
FF
Rs.
Rs.
Rs.
Total
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
4. Open staircase
Rs.
5. Staircase headroom
Rs.
Rs.
Rs.
Rs.
Rs.
Less : Depreciation
Net Value
.
.
PART IV AMENITIES
1. Wardrobes / showcases / False
Ceiling works
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
9. Pelmets
Rs.
Rs.
Total
Rs.
Less depreciation
Rs.
Rs.
Rs.
Rs.
4. Trees, Gardening
Total
Rs.
PART VI-SERVICES
1. Water Supply arrangements
Rs.
2. Drainage arrangements
Rs.
3. Compound wall
Rs.
Rs.
5. Pavement
Rs.
6. Steel gate
Rs.
..
Total
Rs
PART VII
a) Abstract Valuation : (Fair Market Value)
1. Plot (Part-.I)
Rs.
Rs.
Rs.
4. Amenities (Part-IV)
Rs.
5. Miscellaneous (Part-V)
Rs.
6. Service (Part-V)
Rs.
Rs.
Total
Rs
..
Rs.
Rs.
Rs.
This definition assumes that any transaction that may occur will be for
cash or its equivalent consideration. The terms of sale, whether favourable or
unfavorable, would undoubtedly influence the price of the property if it were
offered for sale in the open market. It is further assumed that title to the property
is good and marketable and that it would be transferable without unreasonable
restrictions.
OPEN MARKET VALUE DEFINITION
The term Open Market Value is defined as in tended to mean the best
price at which the sale of an interest in property might reasonably expected to
have been completed unconditionally for cash consideration on the date of
valuation, assuming a willing-seller with no account taken of any additional bid,
by a purchaser with a special interest. The valuation further assumes that prior
to the date of valuation there had been a reasonable period for the proper
marketing of the interest for the agreement of price and terms and for the
completion of the sale, and that the state of the market, level of values and other
circumstance were, or any earlier assumed date of exchange of contracts, the
same as on the date of valuation.
Annexure 59
GENERAL POWER OF ATTORNEY
C
(Applicable for Housing Loan to NRI
constructing/acquiring a house/flat at
(location).
position
PRESENTS THAT
I/Mr.
...
S/o D/oW/o
aged years, a
Non-Resident Indian now residing at
..
nominate,
appoint
executed
the
loan
Miss./Mrs
hereby
to
constitute
and
residing
Daughter/Wife of ..
at.
as my
the
acts,
deeds
and
things
Son.
...
any
loans.
or
any
other
do
such
accept
letter/s
the
and
loan
offer
sign
the
conditions
other
charges
for
any
modification
in
change
the
or
loan
any
other
terms
and
application/s
and
therein
give
effectual
information
to
assist
and
the
booked/purchased
the
loan/s
granted/to
be
transactions
being
deposited
for
of
the
loan/s
granted/to be granted to me
or
creation
of
the
said
security.
8. He/she is also authorized to
executed
any
loan
property/ies
of
letter/s
of
indemnity
equitable
by
way
mortgage
of
declaration
or
such
documents
create
my
intentions
security
property/ies
property/ies
on
or
to
my
any
other
he/she
may
book/buy on my behalf.
may
other
convey
as
and
be
of the property/ies.
any
writings,
undertakings,
property/ies
guaranteeing
or
of
the
the
a Limited company or an
Association
such
for
the
all
Agreement/s
registration
before
appropriate
Register/Sub-
the
of
Apartment
meetings
and
obtain
necessary.
for
share
certificates
Sales
well
including
title
as
nonresident.
The
documents
as
are
statement or writing of my
the
papers
required
for
Dated
at
this
the
..
day
of
. 20
Signature
Address:
..
.
.
Annexure 60
power
of
Attorney
executed as
which
a Limited
Company having registered Office at
represented by Mr.
(hereinafter called the
Appointers,
which
include
their
assigns)
in
term
shall
successors
and
favour
of
Indian
under
WHEREAS
Attorneys
all
their
Appointers
equipments/
purchase/lease
together
with
the
agreements
book
debts,
accordance
Undertakings)
sanction letter(s)
having
the
the
AND
1970
include
Banking
Act,
the
shall
.
On this .. day of
terms
WHEREAS
with
the
terms
in
of
the Appointers
places
of
having
Branch
office
to say:
1. To ask, demand,
Sue fir
with
purchase/lease
the
hire
agreements
and
settled
all
appoint
any
counsel,
fit
compromise
of
any
proper
to
disputes,
for
filling
in
in
Courts
any
for
the
purposes
on
behalf
of
the
deeds
or
documents
as
may
be
necessary
and
also
to
above
as
fully
and
powers
and
the
attachment or encumbrances
or any kind.
the
above
the Attorneys.
6. The
mentioned
APPOINTERS
Appointers
hereby
Ltd.
monies,
Directors dated
bills
and
dues
Annexure 61
UNDERTAKING LETTER TO BE OBTAINED FROM THE LESSEE
From
Place:
Date:
To
Indian overseas Bank
.. Branch
Dear Sirs,
Power of Attorney issued by in your
favour for receiving the lease rentals from us.
We refer to the Power of Attorney dt. Given
by.. .. in you favour to collect the lease rentals from us pertaining
to the .. machinery/assets taken by us on lease. We
have noted the authorization given in your favour to receiver the lease rentals
from us by the lessor and accordingly we undertake to remit the lease rentals to
you directly.
Thanking you,
Yours faithfully,
Annexure 62
the
borrower-
(hereinafter
Lessor
leasing
referred
which
company,
to
as
expression
the
shall,
PART.
WHEREAS:
way
name
of
(hereinafter
the
Lessee
referred
as
cash
Credit
the
Rs (Rupees
only)
against
. execute by the
corporate
constituted
to
company
of
Under
the
the
security
of
hire
other places at .
articles/equipment to various
(hereinafter referred
parties.
Unless
or
repugnant
meaning
to
the
thereof
be
C.
purchase
machineries/
Lessee,
the
Machineries/
equipment
said
payable
articles
equipment)
hypothecated
to
the Bank
under
accordance
and
with
the
in
said
Bank.
.. a copy
of which initialed by the lessor
and the Lessee is annexed
herewith (and which is here in
after referred to as the said
lease deed)
D. It
has
been
reducing
agreements
their
between
considered
of
manner
hereinafter
provided.
NOW,
THEREFORE,
in
the
Lessee
irrevocably
undertake
hereby
to
and
Lessor
hereby
irrevocably
Bank.
authorizes in exercise
appoints
powers
without
the
but
prejudice
to
and
following
papers, documents or
thing,
acts
and
namely:
demand,
recover,
to
collect,
receive
settled
things
as
and
shall
to
be
deemed necessary of
and
effectual
benefited, discharge or
shall do or cause to be
and
agreement
give
all
amounts
or
in
exercise
of
these
powers,
the
Lessor
deed by
the Lessee.
and
use
all
proceedings
lawful
and
means of recovering
and receiving the lease
rentals,
damages
amount
claims
and
and
all
and
to
the bank.
2. The
Lessee
confirm
that
hereby
the
machinery/articles/equi
pment taken by it on
lease are hypothecated
to the Bank, and the
Lessee is fully aware of
the right if the right of
such
said
hypothecation
insurance
taking possession
of
machineries/
the
the
exercise
of
its
other risks as
the
hypothecation
forthwith
The
Lessee
deed.
hereby
in
good
and
in
of
the
said
at
all
times,
machineries/
/
articles
company
Policies
shall
be
handed
Lessee
hereby
acknowledges
the
appointment
of
the
and
to
remit
and
such
shall
be
payments
the
good
Bank
shall
entitled
Lessor
as
if
the
to
be
take
equipment
that
shall be deemed to be
setoff,
counter-claim,
recommend
and/or
adjustments
against
the
lessor, the
equipment
and
physical
expressly
of
event,
Bank,
to
hereby
and
deal
with
equipment
the
said
in
such
said
appropriate.
the
SCHEDULE OF MACHINERIES /
EQUIPMENT ARTICULES
(DETAILS)
paid
discharged
and
by
the
Lessor.
5. The
IN WITHNESS WHEREOF,
the
Lessee
also
Annexure 63
APPLIACTION FOR REQUESTING INDIAN OVERSEAS BANK TO ARRANGE
FOR ISSUING BANK GUARANTEE THROUGH COMMERCIAL BANK OF
SYRIA OR ANY FOREIGN BANK
1. Name of the Bank making the request
to IOB for issuing bank guarantee
through commercial Bank of Syria/
Foreign Bank.
:
:
4. Amount of LG
5. Validity Period
:
:
Quote
Unquote:
For.. Bank
Authorised Signatory
Annexure 64
DECLARATION-CUM-INDEMNITY
1.
I. .. of Mumbai, Indian
I . Of Mumbai,
Indian
Inhabitant
at
do
(s),
residing
hereby
solemnly
OR
(in case of a firm)
I, of
say
that.
governmental/
semi-governmental
Bank.
declarations
hereby
and
confirm
statements
that
the
contained
In the presence of
Before me
Dated this
day of
20
And I / we further agree that nay entries which may be in your Banking
books kept ]
7.
8.
And I / we further agree that the amount hereby guaranteed shall be due
and payable to you on demand after notice requiring payment of the same
shall have been delivered or sent through the post by registered letter
addressed to me / us at my / our representatives last known place / places
of abode or business in..
9.
10.
authority, the amount then due to be subject to this guarantee and secured
thereby.
11.
And I / we hereby expressly declare that this guarantee and the powers
and provisions herein contained are in addition to and not by way of
limitation of or substitution for any former or other guarantees or guarantee
heretofore given to you by me / us (whether jointly with some other persons
or alone) and now existing un-cancelled and that this guarantee is not
intended to and shall not revoke or limit such other guarantee or
guarantees.
12.
Place..
Date
Annexure 92
Stamp
GUARANTEE FOR CASH CREDITS, ETC
To
Indian Overseas Bank
..
Gentlemen,
1.
I / we in consideration of your
give. Of .
or
undersigned
the
this
date
and
further
for
otherwise,
payment
of
upto
we
but
the
not
sum
shall
include
the
of
principal
credit.
advances
with
monthly
3.
time
the
time
guarantee
compositions
and
payments
received
you
from
in
hereafter
enforcing
during
or
obtaining
or
indulgence
and
by
to
that
or
all
the
2.
the
principal
should
the
of us or my / our or any of my /
our
any
benefit,
such
compositions or payments or
the principal.
representatives
of
or
any
of
all
your
claims
6.
4.
declared
that
this
you.
5.
by me / us or any or either of us
our
representative.
representatives
or
our
after
the
authority,
written
thereby.
notice
though
the
post
by
10.
us
at
representatives
my
last
known
our
powers
and
provisions
business in
or
other
guarantees
or
representative
heirs,
cancelled
and
that
this
other
guarantee
or
guarantees.
9.
11.
acknowledgement or making a
Act of 1963.
accounts
served
on
the
and
conclusive
as
Place..
Date
Dear sirs,
Declaration by Borrowing Company and its Directors who are guarantors
We the ___________________Ltd, the Borrowing Company and its undersigned
Directors who are guarantors do hereby declare that no consideration whosoever
by way of commission, brokerage, fees or in any other form was paid to the
undersigned Directors who are guarantors by the above named Borrowing
Company directly or indirectly, nor have the undersigned Directors who are
guarantors received any consideration whatsoever in any form from the above
named Borrowing Company directly or indirectly for executing personal guarantee
for the advances made and / or to be made by the Bank to the Borrowing
Company.
Date:
Place:
(Borrowing Company)
From
Mr/ Mrs
Address
Director _______________Ltd
To
Indian Overseas Bank
__________________Branch
Dear Sirs,
Irrevocable Undertaking to Guarantee
In consideration of your making and / or continuing advances to
Rupess______________________________ and
interest and costs , charges and expanses and other moneys due to payable by
the above company to you under or in respect of the loan facilities advanced or to
be advanced to the above Company. This undertaking is irrevocable and
unconditional.
Place:
Date:
(Signature)
Director _______________________ Ltd
Credit facility
No
Limit Rs.
Present outstanding
Rs.
PART VI
IMPORTANT CIRCULARS ON DOCUMENTATION
Reference
The
in
format
enclosed
for
invited
of
the
to
Register
information
of
in
the
Branches.
Apart
from
the
above
Register,
timely action.
with
copy
of
Credit
Control
that
have
verified
Office
No documents is time-barred
for
their
scrutiny.
The
be in addition
to the
Execution
Register
SI No. Name of the Party Nature of Facility Loan number Initials of Officers
Remarks (indicate
closed / renewal
(further diarised)
BRANCH
Nature of
Name of
Date when
Date of
Remarks
the Party
Facility
Documents DPN is 27
of revival
letter/
Form no.
month old
confirmation
of
Date Amount
balance
Branches.advised.cum Misc.
Circular No.3 (File 7b) of 1975 dated
experienced
branches
form
borrowers
for
all
types
obtained
has
from
been
suitably.include reference to
the
agreement
executed
of
whether
documents
accounts.
for
all
personal
Branches
should
continue
obtain
3. To
as
hitherto
from
letter
should
obtained.borrowal
confirmation
of
the
borrower however.confirmation of
balance
obtain
type
be
of
borrowal
accounts
includingaccounts.
accounts
summarized
procedure
to
301
(revised)
from
the
2.
To obtain confirmation of
balance letter each year on
form
237A
from
the
and
overdrafts
Execution
and
Stamping
of
about
of
loans
holders
documentation
to
NRF/FCNR
wherever
non-
advance
deposits
from
against
their
their
place
own
of
or otherwise negotiated.
exchange
control
regulations
Sivasubramame
Thevan
vs
Promissory
note
need
not
be
the
DPN
documents
are
as
soon
as
the
received
by
the
branches in India.
Regarding
regulators
the
RBI
exchange
approval
control
and
international
Division,
Central
Office..
22.7.85
on
the
promissory
note
Preamble
(file
7c)
of
1984
dated
the scheme
provides for
Operational instructions
to
mark
of
endorsed
our
letter
to
lien.
The
of
authority
circular
no.256
1.
Whenever
credit
limit
sanctioned to a borrower is
Documentation
at
the
time
of
Enhancement of Limits
Preamble
Bank.
companies.
for
or
procedures
documents
taking
the
charge
may be.
advances
partnership
to
proprietary
concerns,
documents
only
Operational instructions
for
or
Whenever
only
fresh
for
the
the
(additional)
X(G)
additional facility
instructions.
4.
Para
16
of
Book
of
secured by mortgage of an
purpose
of
extending
than
mortgage
for
the
additional
the
enhanced
facility,
limited
companies)
pronotes
of further limit.
and
connected
etc.
limited
secured by a mortgage of an
cash
immovable
Credits
other
than
property
the
transactions.
or
For Cash
Overdrafts,
the
documentation
disturbing
security
cases
procedure
mortgaged.
for
the
In
such
must
the
third
guarantee
be
endorsed
party,
then
by
this
procedure
formalities
to
involves
be
lot
of
completed
an
under
envisages
point
obtention
3.2
of
which
security
title
deeds.
The
alternative
of property offered
as
Methods
of limitation
Limitation
for
under (B).
Preamble
Operational instructions
supplemental
narration
for
equitable
If
there
is
any
should
immediately
with
Registered
Memorandum.
in
the
format
given
in
narration,
authorized
is
not
confirmation
signatory
necessary
letter
of
to
the
file
supplemental
narration
is
3.1 Branches
should
follow
the
2.
extended by an endorsement by
Mortgage
Deed
payment
of
interest.
The
as
to
principal
the
and
endorsement
entering
the
narration
supplemental
and
obtaining
Mortgage
Deed
and
the
following lines.
The
security
acknowledge
Borrower
sum
Guarantor
over
of
my
our
Rs.
(Rupeesonly)
Revival Letter.
as on and further
acknowledge that the debt is
secured
by
this
Registered
registered Mortgage
1.
Place :
Signature of Mortgagor
liability
or
non-
Preamble
Hitherto
branches
have
been
an acknowledgement in respect
3.
Alternatively,
should
take
the
branch
the
security
in
the
Security
in
properly
and
the
PL
8A
which
will
obviate
accounts
Branches
are
Operational instructions
1.
2.
circular).
Branches
need
not
obtain
Documentation
Purchase,
above requirement.
Transaction
Preamble
on
record
that
Bills
Cheques
Purchase
each
has
been
decided
to
obtain
other documents.
2.
Operational Instructions
3.
amended
to
extend
its
Continuity in F 16 must be
1.2 Wherever
sanctioned
Bills
words
on
any
other
credit
existing
16
under
due
is
enclosed
reference.
for
ready
R-74(introduced
General
Managers
vide
Circular
5.
The
watch
on
individual
revised
documentation
12.5.1987
pronotes
wherever
applicable
Financial
Persons
the
subsequent
revival
Preamble
Assistance
to
Blind
in
witness
respect
of
documentation
as
per
the
format
to blind persons.
Operational instructions
amount
may
through
that
precautions
and
be
the
released
account.
for
loan
opening
The
and
In
addition
the
following
while
granting
obtaining
the
loan
and
conditions
of
sanctions
create
etc
special
by
power
mortgage,
executing
of
attorney
Misc.
Circular
No.68(File
7b)
of
and
only
when
he
Consortium
Advances
such
Documents
confirmation
should
be
Preamble
Joint
Procedure
for
2.
To
obtain
confirmation
of
there
Overdrafts,
should
be
written
except
loan
accounts.
banker
should
always
get
acknowledgements periodically.
3.
To
obtain
confirmation
of
237
from
borrowers
for
all
types
the
of
accounts.
advances,
where
the
bank
is
guarantor
institutions.
for
all
types
of
chapter IX
of the
Book of
instructions.
Operational instruction
1.
3.
Generally,
in
advances,
(Revised
is
bank
19.12.1984.
301
formats
it
consortium
should
is
take
not
the
care
of
Pari
Passu
Agreement.
informed in the
consortium
meeting
Letter.
meeting.
Alternatively,
and
the
working
capital
finance
Organization
&
methods
been
introduced.
The
Hypothecation
Agreement
Operational instructions
Preamble
contains
stipulation
that
residual
security by way
of
the
agreement
otherwise)
should
be
held
as
general
hypothecation
for
collateral
this circular).
obtained
existing
of
the
individual
requirement
of
limits,
the
but
addition
documents
to
taken
the
in
the
sanction
in
This is to be
2. The
document
should
be
stamped as an agreement as
per stamp acts in force at the
place of execution.
General
hypothecation
the
in
limits.
is sought to be extended.
general
provided
The
as
limits
hypothecation
with
the
register
of
agreement (
other
letters
of
the
collateral security
is
extended.
3. Whenever
there
is
an
hypothecation
enhancement
general
mortgage, if any
hypothecation
taken
and
due
to
supplemental
the
of
the
should
be
details
enhancement
An
illustration
position
regarding
charge
are
of
creation
out-lined
in
the
of
the
7 Branches
examine
are
all
advised
their
to
sanction
endorsement,
particularly
whether
any
Circular
of
24.12.85.
for
creating
the
collateral
borrower.
requirement
has
If
this
not
No.ADV.125/85
dated
been
be
initiated
for
obtention of F 110-E
registration
of
the
This amends
and
banks
Manual
on
System
and
regards
to
Documentation
Procedures
the
with
provisions
value.
Enclosure to PREMANENT
Nature of Facilities
Limit
Security
Rs. in Lakhs
1.Cash Credit Hypothecation
10.00
5.00
10.00
- doHypothecation of machinery
and mortgage of land and
building
4. Letter of credit
5.00
Document of title
5. Letter of Guarantee
5.00
Counter Guarantee
15.00
Counter Guarantee\
co-acceptance
hypothecation of machinery.
Condition: All the facilities should be secured by all the fixed assets of the
company viz, land , building, plant and machinery.
Documents to be taken
in
the
title
deed
the
mentioned
machineries
below
other
than
limited
companies.
by
hypothecation
of
all
and
simultaneously
two
additionally
hypothecation
of
secured
by
machinery
or
of
all
stocks,
limits
are
secured
by
all
building.
If
Registrar
of
followed.
For
DPG
&
Co-
chapter
be followed.
assets.
(G)
of
the
book
of
Presently,
branches
while
instructions
and
addition to F 110 E.
has
for
cash
credit
now
been
decided
that
mentioned
and
the
advance
document
are
separate
demand
loan
for
the
amount
and
the
TR
Stands
cancelled
with
immediate effect.
loan
DPN
receipt.)
wherever
applicable)
facility
for
release
of
a borrower is sanctioned a
2.2.1
facility
for
release
trust
sanctioned as a regular
limit, it is advisable to
above,
if
borrower.
waived
on
receipt
not
is
of
not
specially
some
other
2.2.2
Full
are released.
In
case
110-E
is
not
cove
must
be
facility, as mentioned in
hypothecation
loan
should
also
be
of
title
are
released.
2.3
insurances
advances
such
as
filed
of
above.
with
registrar
4.
endorsement,
stock
6.
rule.
7.
bill
has
been
paid.
The
under
the
a.
Trust
Receipt.
b.
5.
c.
d.
projected
limit
when arrived.
Preamble
e.
9.12.87
and
Government
28.1.88
spelling
out
the
salient
Permanent
Circular
No.
ADV.
against
the
below.
29.03.88
Operational instructions
Issuing Department : Banking
Operations
Branches / controlling offices
can grant loan / advances against the
above
bonds
within
the
powers
5. Caution:
Premature
retain
stipulated
granting
the
Interest
account
Hence
margin
above
the
as
while
advances.
debited
to
the
should
be
3. Repayment
reasonable
The
repayment
branches/
controlling
strictly
adhere
to
the
programme is to be fixed
depending
upon
the
dated 4.3.88
Suitable
documents
as
applicable to Government
securities
obtained.
1. Per.Cir.Misc.208/87
dated
9.12.87
4. Documents
advanced
are
to
be
of
9.4.88
certificates is 10 years
3. The rate of interest offered is
11.3%
compounded
half-
yearly.
Operations
Preamble
banks
can
Bombay, that
consider
granting
are
aware
that
the
above certificates.
Operational Instructions
against
Social
Security
Security
Rs.1000/-
at
1. The
Social
and
available
Documents
Margin
Suitable
applicable
the
invested
value
of
the
certificates.
advance
to
documents
advances
as
against
modifications
wherever
Rate of interest
also.
However,
such
Documentation
Advances
Preamble
secured
Branches are at present obtaining the
deeds of hypothecation or pledge
(110A, 109A etc) at the time of
by
mortgage
of
mortgage
subsequent
properties
granted
individuals,
proprietary
enhancements.
Some
of
immovable
to
/
obviate
these
Supplemental
difficulties
Deeds
of
hereunder.
Operational Instructions
security F 110G
Same limit with additional security
1.1 The
following
procedure
is
F 110H
applicable in respect of
(irrespective
of
limit
is
sanctioned
or
any
stipulated
in
respect
of
aforesaid
categories
the
above
should
obtained
and
no
be
obtained
enhancements
other
for
reference.
be
such
additional
security.
on
stamp
papers
of
supplemental
deed
is
1.5 All
other
formalities
such
as
2.1 In
care,
the
limits
are
not
guarantors,
of
formalities
completion
relating
to
of
filing
immovable
respect
properties
of
in
individuals,
companies),
formalities
should
be
strictly
complied with.
the
with
aforesaid
this
circular
in
of
as
limit
outlined
the
in
24.12.85
followed
by
account
and
should
closing
the
opening
be
old
new
account
with
fresh
set
of
2.2 In
case
of
borrowers
accounts.
as
Permanent
Circular
ADV.125/85
dated 24.12.85
documents
as
This
partly
modifies
Manual
on
Documentation
DPN
2.
F-110-F
3.
4.
2.
F-110G
3.
4.
2.
F-110H
3.
4.
111A from guarantor for entire amount, if the earlier guarantee signed by
guarantor does not cover entire limits.
9.6.88
Services O & M
Brokers Note.
Preamble
paper
documents
with
like
the
following
operational
instructions.
standard
letter
of
Operational instructions
1.
over
the
GL
stamp
special
adhesive
duly
cancelled
by
the
2.
to
adhesive
substitution
procure
stamps
for
special
(used
in
non-judicial
4.
Xerox
copies
of
always
documents
in
and
the
formats
executants signature.
such
portion
from
advisable
in
advance
for
to
our
standard
However,
for
documentation,
following requirements.
obtain
a.
b.
is very important)
very
The
special
adhesive
rare
maximum
cases,
upto
advance
a
of
Rs.10,000/-
Procedures Page 3.
ANNEXURE
STAMPS
Adhesive Stamp
4. Share Transfer
5. Insurance
6. Notary
7. Consular
8. Brokers Note
9. Court Fee Label
common
errors
defects,
1.
Credit
Facilities
Quality
of
Advances Documentation
2.
Preamble
on
property
not
3.
being conducted
4.
Periodical
not
stock
are
recorded
hypothecation
statements
obtained
in
and
case
cash
not
of
credit
accounts
packing
credit
accounts.
9.
5.
The
date
documents
of
are
validity
not
of
diarised,
letters
are
not
the
branch
authorized
managers
limits
drawing
6.
of
awarded
the
to
the
inspection
rating
branches,
it
is
extending
credit
facilities
on
lapsed sanction
or
documentation
8.
advances
irregularities
with
granted
regard
by
in
to
their
of
the
documents
1.
No
advances
should
be
are
all respects.
Courts of Law.
2.
perfecting
getting
Branch
perfectly
of
the
the
documents
documents
rests
with
the
executed
branch
Manager
before
management only.
duty
filled
in
and
imported
executants
documentation
and
to
in
capacity
intended.
certificate
strict
compliance
of
branch
the
format
enclosed;
of
the
this
Operational instructions
Deputy
Manager
Deputy
tear sheet.
above
certificate
to
his
Regional Manager.
Managing Directors Circular No.5/82
For
any
documents
imperfect
in
respect
complete
of
credit
dated 1.5.1982
Mist Circular No.91 (File 7c) of 1982
dated 7.6.82
dated 16.11.82
By
implementing
the
above
dated 15.11.83
General Managers Circular No.21 of
1983 dated 3.12.83
should
dated 4.2.85
therefore,
concentrate
on
Quasi
Govt.
department
or
repute.
bank
customers
are
presented
decided
to
permit
limited
exceptional
situations.
Mother,
The
facility.
2.
Operational Instructions
(Father,
1.
satisfactorily
maintained
in
the
Cheques
Referred
authorized
discretionary
the
whichever is less.
power
of
by
the
authentication
Branch
of
Deputy
overdraft,
the
branch
should
earliest.
(a
model
letter
is
rules.
5.1 The balances in the overdrawn
Interest should be charged at the rate
applicable
for
temporary
Temporary
Overdrafts
checked
by
the
supervising
and
as
correspondingly,
the
total
extended
the
amount
Example
2.01
3,200.00
Teller Overdraft
1,000.00
2.02
2.9
2.11
3,22,733.95 1201
3,26,933.95
1202
15,856.25
1299
3,42,790.20
3,42,790.20
CD 3532.60
SD 3200.00
Teller
1000.00 4101
7,732.50
No. of Accounts
Amount O/s
Under Personal
(000 Omitted)
Irregular Account
No.of A
Amount
Overdraft Scheme
Overdraft under this Scheme should not be extended at the Extention Counters.
To
Place
Date
Dear Sir,
Yours faithfully,
Preamble
To overcome the above shortcoming
We are frequently approached by
Financial Institution and other Banks
to cade second charge on current
assets.
Generally
Term
Lending
Operational Instructions
working
capital
facilities
of
current assets.
ceding
second
charge
on
the
safeguarding
interest
also.
responsibility
Financial
Our
of
Institution
Date
responsibility
To
Name and address of the Borrower
against
the
borrower
for
Dear Sir,
Ceding second charge on stock and
book debts
approval
is
subject
to
the
Penal
1.
Interest
on
Advances
Documentation
charge
holder
if
any
Preamble :
securities or otherwise.
Second
charge
created
in
provisions
contained
in
Operational Instructions
17.8.88
1.
Issuing Department : Management
Services : O & M
documents
and
Circular
No.
declaration
should
be
2.
permanent
Preamble
Circular
this
authority,
we
have
Operations
Operational instructions
1.
Advances
Against
Indira
Vikar
Patras
PL 8 is enclosed.
Preamble
2.
dated
5.6.87that
Secured
Advances
other
than
instructions
We
have
now
India,
Banking
Department
public
that
some
received
of
branches
of
3.
higher authorities.
page
of
our
ADV.295/87 dt.5.6.87
circular
4.
1.
stipulated
in
our
Permanent
Circular
ADV.473/88
dated
14.11.1988
Indira
Vikas
Patras
are
reasonable
programme
is
repayment
to
be
fixed
endorsement is required. As
authority.
purchaser,
no
lien
can
be
above
should
instructions
not
give
should
room
for
be
any
ANNEXURE A
From
To
The Manager / Chief Manager
Indian Overseas Bank
Branch
Sir,
Application for a loan against the security of Indira Vikas Patra
I/We hereby apply for a loan against the security of Indira Vikas Patra held by
me/us. I/we hereby agree to abide by the rules and regulations of the Bank. Please
grant me/us a loan of Rs..for the purpose of .Please
take delivery of the under noted Indira Vikar Patra held by me/us, the Title over
which stands transferred to you by this delivery. I/we request you to hold the said
Indira Vikas Patras as security for all moneys now owing or which shall at any time
hereafter be owing from me/us and or/fromeither separately or
jointly with any other person or persons and either as principal debtor or as surety
for any other person or persons, including interest, commission, charges ets.
I/we hereby authorize you to sell / encash the said Indira Vikas Patras at such time
and price as you in your absolute shall think fit and apply the proceeds after
defraying the expenses attending the such sales / encashment, towards
satisfaction of moneys owning from me/us and /or from any manner whatsoever.
SL.No. Printed
Number
Date of
Issuing
value Maturity
Operations
Advances
Against
National
Savings Certificates
1. Misc. Cir No.119 (File 7c)
dated 8.7.82
Preamble
Operational Instructions
against
complication
the
security
of
National
at
the
time
of
encashment
of
National
Savings
Certificates.
Certificates.
Borrowers
should
not
guidelines scrupulously.
2.
At
the
time
of
encashment/enforcement of the
National Savings Certificate(s),
the Certificate(s) is / are to be
discharged by the Bank, as the
Bank,
being
the
pledge,
is
the
National
Savings
The
23.6.89
matter
was
referred
to
Managing
of
India
Director,
for
an
State
indepth
Credit
Preamble
for
day-to-day
that
borrowers
availing
Window
approach
documentation
only
and
for
first
disbursement.
of
varied
types
of
The
recommendations
of
the
immediately
accepted
are
4.
No.ADV.459/88 dt.3.10.88
5.
conversant
with
the
revised
6.
Working
capital
consortium
agreement
RO/Zos.
between
the
banks.
1.
7.
2.
in
favour
of
the
participating Banks to be
8.
3.
by
the
consortium
Legal
Committee
and
10.
Revival
Letter
(RL)
to
be
necessary,
appropriate
changes
can
be
made
Lead Bank.
in
these
model
documents.
1.2 To
start
with
the
documentation,
banks
should
joint
the
member
give
separate
joint
Bank
documentation
procedures
as
per
the
provided
model
documents
by
RBI
following guidelines
documents
for
working
Working
Capital
Agreement
No.6)
and
(Model
joint
Consortium
Document
Deed
of
Hypothecation(Model Document
No.7)
on
behalf
members
banks.
of
all
the
days
from
These
two
execution
the
date
of
its
through
The
unable
necessarily
convene
consortium
meeting
to
act
for
whatever
reasons.
their
Lead
representatives.
Bank
should
a
for
of
leading
aspects
such
as
(i)
Working
Capital
the
joint
Hypothecation
is
Deed
a
of
security
1.5 While
executing
the
three
Consortium
Deed
book debts
capital
for the
facilities
working
granted
by
of
Agreement,
Joint
Hypothecation
and
sufficient
be
number
stamped
with
of
copies
adequate
Where
are
However,
the executants.
the
documents
of
no
separate
Hypothecation
has
draft
been
Deed
of
Hypothecation
are
executed,
the
documents
RBI
Model
should
be
Hypothecation(Model Document
No.7)
as
the
Supplemental
Document
by
adding
Registrar
of Companies that
the
This
company
this
as Supplemental Document to
the
Hypothecation
may
dt.executed
confirming
be
satisfied
and
joint
Principal
Deed
joint
of
Deed
of
by
the
Hypothecation.
facilities
Principal
mentioned
joint
in
the
Deed
of
Consortium
working
facilities
Document.
capital
this
Agreement,
important
documentation
Document
No.7,
with
the
registrar
of
Other
General
companies.
Documentation
The
Working
Guidelines
Capital
of
Consortium
Agreement
Agreement
and
as
well
as
indemnity.
For
example,
in
agreement
of
same
in
Hypothecation,
the
(Model
is
Tamilnadu,
Document
Rs.2.50p
it
should
and
be
this
borrower
Joint
and indemnity.
to
keep
the
document
should
be
be
stamped
as
on
In
Tamilnadu,
the
Rs.2.50
and
Power
of
in
should
other
be
states
indemnity
from
other
in
our
Manual
on
consortium Advances.
The inter-Se Agreement should
be stamped as an agreement.
Branches should take LC application
as and when issuing Letter of
The model documents No.6,7 & 8
Cheque
of
Prucase,
Letter
joint
Hypothecation
Deed
as per
of
model
However,
the
procedure
periodical
of
taking
Confirmation
of
In
other
cases,
we
are
only
No.4,5
&8
alone
RO/ZO
the
resolutions,
specimen
authorizing
CMD/ED/GM/DGM/AGM/ZM/RM
to appoint First Lead Bank and
Second Lead Bank.
Branches
who
are
handling
The First Lead Bank should coordinate with Term lenders for
creation of second charge on
fixed
assets
as
collateral
security, if it is so decided by
consortium members.
documents
and
necessary
guidance
to
implement
the
new
of
other
consortium
in
when
view
the
Leader
of
the
delayed
to
disbursement
avoiding
of
delay and
revised
documentation
procedure.
Procedure
for
disbursement
by
to
make
first
Leader
making
the
banks
Bank.
consortium
arrangements
the
immediately
Lead
on
Bank
receiving
its
delaying
bank
penal
his
accounts
members
with
banks
b.
Letter
of
authority
per
documents
as
such
banks
are
c.
Individual
documents
disbursement.
Charge
the
date
of
execution
of
Bank.
a.
The
authority
branch
sanctioning
would
to
advise
release
the
the
first
d.
On execution of joint
document as per RBI model
documents and on receiving the
share of members banks, the
member bank.
charge
may
be
filed
with
Registrar of companies.
g.
e.
Separate
cash
credit
delay
in
execution
of
joint
documents.
documents
should
be
of joint documents.
1. Permanent
f.
The
same
procedure
ADV
324/87
ADV
459/88
dt.11.8.87
2. Permanent
dt.3.10.89
ANNEXURE
For
branch
only.
Not
to
to
the
LETTER OF AUTHORITY
To
With a view to avoid delay and inconvenience to the above borrower, your Bank as
First leader of the consortium, have our unconditional authority to make available
our share of the entire / enhanced limit agreed by us in principle in the consortium
meeting(s) if our sanction is not conveyed to you in time i.e., within two months
form the date of the concerned consortium meeting.
We shall reimbursement you immediately the amount of our share with up-to-date
interest till the date of reimbursement of receiving your advice and incase of any
delay beyond one week in effecting such reimbursement to you, we shall
reimburse the amount along with an additional interest at 2% p.a. for the entire
period of delay and we shall also keep you indemnified against any loss in
connection with releasing of our share of the working capital facility to borrower.
We shall forward you soon the Letter of Authority for executing the Working Capital
Consortium Agreement and Joint Deed of Hypothecation on our behalf, if it is not
yet forwarded to you. Till execution of these two joint documents, please hold the
individual documents and security taken by you so far, on our behalf also in
respect of our share.
Thanking you,
Yours faithfully,
For .Bank
20.07.1989
Operations
Operating instructions
Grant of Advances Against the
Security of Kisan Vikas Patras
Loan against Kisan Vikas Patras may
be
granted
after
taking
into
Preamble
sanction
hereunder.
loans
against
these
3.
1.
specimen
also
fixed
be
enclosed
to
per
is
repayment
as
reasonable
programme
revised)
be
obtained.
2.
4.
A margin of 25% is to be
retained
on
the
Original
5.
dated
14.11.1988
instructions
should
be
should
not
give
room
for
any
Agricultural
Advances
Documentation
Letter
of
Hypothecation
1.
2.
PMT.
Cir.
Presently
No.
ADV.287/87
dated 13.05.87
3.
PMT.
Cir.
different
branches
letters
are
of
obtaining
Hypothecation
No.
ADV.355/87
dated 26.10.87
Hypothecation
of
Agriculture
PMT.
Cir.
No.
ADV.383/88
dated 13.02.88
5.
PMT.
Cir.
No.
ADV.534/89
dated 03.06.89
it
has
been
decided
to
Operating instructions
the
letter
of
the
letter
of
with
Letter
of
contemplated
documents
form F 110(i).
against
dated
Permanent
of limitation of mortgage.
circular
No.
29.09.86
should
be
be
obtained
and
state.
of
Revival
Confirmation
of
letters
Balances.
with
301-B
F512
CO
No.
File
(revised
Permanent
crop
take
vide
circular
(from
7(b)
19.12.1984.
As
also
the
contains
revised
a
form
F512
clause
for
of
obtain
balances
Guarantors)
as
1984
dated
Branches
should
confirmation
from
both
of
the
3.1 wherever
covered
procedure
the
by
advances
are
mortgages,
the
as
given
in
4.
7.
Printing
indent
their
&
Stationery
may
situation
Branches
the
8.
to them.
documentation.
concession
or
5.
Other
documentation
Circular
ADV
Circular
ADV
6.
detailed
chart
showing
Documentation
Systems
and
to
another
Bank
or
Services O & M
should
be
obtained
for
fixed assets
Preamble
Operational instructions
for
the
working
capital
1.
by
the
concerned
Authority
viz
Managers.
2.
normally
the
is
immovable
creating
machinery.
well
Fixed
assets
earth
construed
as
will
permanently, it
as
hypothecation
of
second
charge
Then
on
an
assets
it
includes
4.
in
order
to
extend
the
charge
holder
should
be
charge
holder
and
authorize
3.
granted
by
the
Bank
subsequently,
should
the
borrower
confirm
be
necessary
to
have
the
by a hypothecation deed F.
should
letter
should
confirm
in
be
obtained
furnished
in
Circular
no.ADV.432
for
PERMANENT
dt
resolution
Director
of
company,
mortgage
Board
to
extend
and
the
execute
Hypothecation,
should
be
taken
aggregate
of
mentioning
therein
schedule as;
F110-E
for
such
the
limits
in
the
present
machinery
of
and
the
future
borrower
first Chargeholder)
of second charge
modified.
holder.
2. Title
7.
movable
assets,
branch
board
with
Deed
(Memorandum
Narration
of
Entry)
letter
to
be
therein
the
extension
of
Banks favour.
9.
such
financial
the
Institution
enters
narration
(Memorandum
modification
format
made
in
procedure
in
the
consultation
and
with
RO/ZO.
title
deed
of
first
charge
holder
his
(evidencing
charge
alternative,
letter
confirmation
the
holder
the
received
letter
extension
or
in
first
from
of
the
charge
the
through
proof
branches
for
extension
of
the
mortgage.
officials
or
of
first
the
charge
stating
that
the
title
State
Financial
Corporation
very
rare;
branches
are
in such cases.
a. Stipulation in sanction
institution
charge
for
the
limited
on
land
and
If
holder
plant
and
Even
in
hypothecation
to
machinery
the
the
first
first
charge
charge
holder
machinery.
this
case,
of
may
be
obtained
the
for
securing
fixture,
fittings,
installations,
electrical
fans,
Ac
units
etc.
mortgage
should
be
extended
as
stated
above.
extension
of
mortgage,
nil
b. Stipulation
of
second
charge
on
the
machinery
there
may
not
land
and
be
branch records.
building.
Hypothecation
of
machinery
be
may
obtained.
have
to
adopt
the
same
1989
dated
27.10.89
about
a.
collection
bill
subject
to
the
b.
c.
are
annexing
herewith
the
Usance
Bills
of
Exchange.
The
or trade transactions
sought
clarification
on
the
following points
a.
Whether
the
stamp
duty
Documentation
Whether
the
stamp
duty
Preamble
Bills
receivable
for
collection?
on
the
docket
sheet
vide
CO
15.11.1983
observed
that
all
the
Circular
No.ADV.3/85
dated 4.2.1985.
Permanent
Circular
no.ADV.3/85
dated 4.2.1985.
and indexed.
Reference No.ADV/22/90-91
Operational Instructions
Date : 31.07.90
Issuing Department : Management
All
documents
currently
in
Services O & M
force
guarantee
be kept separately.
formats
Preamble
Common
indemnity
are
presently
obtaining
Similarly
branches
are
obtaining
shipping
guarantee
issued.
firm.
payment
request
guarantee/shipping guarantee or by
guarantee/deferred
guidelines
are
laid
down
for
compliance.
or
issuing
letter
of
payment
person
para1.above.
Operational instructions
as
Branch
stated
in
should
not
286-E
has
been
concerned
guarantee
an indemnity.
guarantee
is
person
viz.,
by
the
eliminated.
till
discharged
that
or
LG/DPG/copies
(preferably
as
duly
authorized
the
case
authenticated
may
by
the
be,
create
mortgage
on
the
licences,
applicable,
should
wherever
also
be
endorsement.
3.
hypothecation/mortgage.
form
(F286E)
sanctioned
guarantee/co-
cancelled.
mortgage
or
charge.
It is necessary to
hypothecation
be
secured
against
by
entering
supplemental
title
deed
guarantee;
enhanced
general
limit
should
be
DPG
shipping
counter
indemnity
should
undertake
branches
sanction applicable.
on
the
hypothecation
appointment
deed
(F110E)
6.
document/mortgage.
may
place
Printing
their
and
indents
to
Stationary
new
forms
are
received,
110E
the
in
cases
where
the
existing
documentation
procedure.
5.
prescribed
for
deferred
XVI
guarantee limits.
(The term
of
Banks
Book
of
ANNEXURE
Para 14
a.
c.
Securities,
if
any,
duly
e.
by
Guarantee
F111/F111A from
form F 286 E
secured
duly
f.
b.
any,
a.
if
Securities,
the guarantor.
b.
Preamble
ownership
relating
to
transfer
b. Report
of
of
transfer
of
ownership
entry
of
hypothecation
subsequent to registration.
d. Notice
Operational Instructions
1.
Consequent
termination
of
hypothecation
to
of
2.
Branches
future
obtain
should
in
revised
forms/documents as applicable
for the respective loan.
3.
Formats
of
relevant
PERMANENT
Ref.No. : ADV.280/92-93
Form :
Date: 20.5.1992
Issuing Dept: Management Services
Indian Overseas Bank
Central Office
763,Anna Salai, Chennai 600 002
Preamble
Presently,
branches
are
ascertained
specimen
only
after
they
are
enclosed
should
be
purchased.
form
the
borrower
subsequently
Operational Instructions
may
obtain
the
of document in respect
by
of
and
description of assets
to be hypothecated to
mentioned
place.
term
loans
under
printing
&
Stationery
schedule of securities
in F10 C, F.407
respectively.
Subsequently after the assets have
been purchased and the borrower
has come into legal possession, a
(V.R. Veerappan)
General Manager
From:
PERMANENT
Indian overseas Bank
Central office
763,Anna Salai,
Ref No.
ADV.407/93-94
Date: 29-7-1993
Issuing Dept: Legal Services
Chennai-600 002
of the plaintiff"
as follows:
bill
amount
recovered
is
not
within
one
covered
under
returned
bill
14chapterXIBookof
instruction).
2.
the
(para-
damage or deterioration
or non-delivery of the
or
station
lies,
destructions,
or
the
loss,
damage
or
Booking
office
Destination
Operational Instructions
office)
and
or
1.
When
the
bills
purchased/discounted are
Railways/public
In
collection
4.
carrier
bills
statutory requirement of
serving
of the goods.
notice
on the
5.
(A.K.Nirmalanandan)
Assistant General Manager
PERMANENT
From:
Indian overseas Bank
Ref No.
Central office
ADV.407/93-94
Date: 29-7-1993
are
receiving
reference
essential formalities;
partition
deed
with
the
on
the
issue
and
the
Operational instructions
is
missing,
no
valid
created
to
secure
monetary
This
the
1%
otherwise
loan
amount,
besides,
is
only
an
not
ENABLING
available
for
equitable
depositing
Bank A.
mortgage.
certified
For
B by
copy
2.
the
correctness
of
the
mortgagors
registration fee.
to State.
no
powers.
The
annexure.
If the
mortgagors
recommendation.
(A.K.Nirmalanandan)
Assistant General Manager
statement
and
branchs
To
From
LEGAL SERVICES DEPARTMENT
All Branches
Regional offices
Central office
763, Anna salai
Chennai - 600 002.
Misc. circular No 3 File 7(e)
Of 95-96 27-6-95
Ministry of
Law, justice
&
on
venous
to
registration
charges.
The
Ministry
advised
the
Registrar
of
has
of
companies
to
follow
triplicate
below
company/creditor
an
extract
of
the
copies
be
returned
concerned.
In
to
this
circular dt 16.2.95
issuing
any
registration
Registration of charges
separate
of
charge,
certificate
as
of
endorsed
the
banks/financial
and
leading
smooth
proposed
operation
The
PERMANENT
From:
Ref No:
Indian overseas Bank
Central office
ADV/36/94-95
Date:
20.7.94
Issuing Dept:
763,Anna Salai,
Management
Services (O&M)
Chennai-600 002
1. Power
of
Attorney
to
be
leasing company.
2. Undertaking
Letter
to
be
taken
transaction.
for
every
Operational instructions
1.
namely.
lease
faced
by
the
Tripartite Agreement
for
remit
be
the
letter
provided in page.339.
obtained
from
3.
4.
the
lease
from
Branches
rentals
lessee
are
is
further
page 340
take
Tripartite
POA
the
Agreement
or
depending
upon
the
lease
transaction
as
of the parties.
instructions.
The
POA
should
be
PERMANENT
Indian overseas Bank
Ref: ADV/60/1996-97
Central office
Date: 12.09.1996
763,Anna salai,
Chennai-600 00
Accounts
circular
NoADV/46/1996-97
dated
Operational instructions
in
time
to
the
Branches
are
advised
to
legible
documents
photocopy
parted
of
all
the
with
to
the
custody
along
with
the
Branches
should
advice
central
with
permanent
circular
No.ADV/45/1996-1997.
Dated
03.08.1996.
(A.K.Nirmalanandan)
Asst.General Manager
PERMANENT
MISC.59/97-98
Central office
Date:
13-08-97
763,Annasalai,
Issuing Dept: Management services
Chennai-600002
Preamble:
there
of
credit
is
limits,
Operational instructions
(RLs)
for
borrowers
and
now
onwards,
him.
single
revised
5.while
taking
these
the
guarantor
in
respect
of
all
6.Until
receipt
of
revised.
there
is
an
(R.Natarajan)
General Manager.
PERMANENT
Ref No:
Indian overseas Bank
Misc 104/98-99
Date:
Central office
20-5-98
763,Anna Salai,
Chennai-600 002
1.0 preamble
we have introduced a new format of
mortgage by Deposit of
note/entry
limits if
the
in
recording
creditor.
2.2
Memorandum.
2.0
Operational instructions
have
2.1
Maharashtra
for
like
and
the
original
title
Registered
Memorandum of Deposit
of Title Deeds.
2.3
2.4
Memorandum of Deposit
of limits/additional limits,
supplemental
Memorandum of Deposit
the Annexure.
(T.R. Kallapiran)
Deputy General Manager
From,
PERMANENT
Indian overseas Bank
Central office
Date:
763,Anna Salai,
Issuing: Management
Chennai-600 002
Dept:
22-02-99
Services (O&M)
per
Banks
manual
on
comprehensive confirmation of
balance format.
2. Operational instructions:
a. The new format F237B
comprehensive
confirmation of balance
from
the
guarantors
for
all
Stationery
single
facility
and
as
such
Department,
taken
multiple
To
necessary
credit
to
facilities.
introduce
in
such facilities.
cases
of
c. Other
procedures
3.
Conclusion;
a. It
is
reiterated
that
of confirmation of balance
remain unchanged.
confirmation
of
valance/comprehensive
confirmation of Balance in
utilized
documents alive
enjoying
for
borrowers
single
credit
facility.
(R.Natarajan)
General Manager.
From,
PERMANENT
Indian overseas Bank
Central office
Date:
763,Anna Salai,
Issuing: Management
Chennai-600 002
Dept:
20-05-99
Services (O&M)
Preamble
Attention of Branches and
advised
aspect of WCFC.
to
Now
our
permanent
FX
documentation
we
advise
FCL-TL.
2.0.
Operational
procedure
relating
to
Instructions:
2.1.
Foreign
be
Loans
granted
as Working
are
being
considered
availability of foreign
as specific approval of
We refer to
the
advances
permanent
circular
ADV/168/97-98
15.10.97
wherein
dated
we
subject
relevant
department.
to
credit
Before
currency,
besides
obtaining
FEDCO (one
week
to be given to
be exchanged between
FEDCO) and
the
branch
and
the
borrowers.
notice
letter is to be
2.1.1. Letter
of
Offer
issued to the
By
branch
borrower.
to
borrower
2.1.4. Letter
of
Undertaking
Annexure 1
by
2.1.2. Application
the
borrower and
by party in
guarantor(s).
their
letter
Third
head
with
reference
above
Party
Mortgagor(s)
to
letter
Hypothecator
of offer no
specific
to be stamped
format
is
as
prescribed.
2.1.3. Letter
an
Agreement
to
(as
per the
borrower
Stamp Act in
confirming
force in the
availability of
state where it
Funds
is executed)
Annexure II.
Annexure III.
Branch has to
2.2.
At the time of
confirm
availability of
funds
ensure
from
that
regular
to
Loan
Agreement
in
maturity
Form
No
FCNR
(modified)
110-
match
with
the
period
of
(B)
deposits.
(Annexure
assets, Guarantee(s) in F
111/F-111A
(modified)
mismatch.
Mortgage of immovable
properties as stipulated
in
to
the
sanction
endorsement
obtained
are
and
charge
Please
granted,
following
may be made.
I)
granted
term
years
in
LIBOR
the
stipulations
to
change
note
be
II)
be
for
of
three
tax
years
rate
necessary
modification of charge
III)
If the bank is
unable
Registrar of Companies.
2.4.
to
roll
years
the
loan
will be converted
to a rupee term
loan at the TT
selling
rate
prevailing
on
spot date
(two
be booked for a
business
days
year
over
maturity
till
respective
date.
conversion
the
due
will
be charged at the
At the time of
rate
applicable
the
LIBOR
loan accounts.
interest
rate
would be quoted
When FCL TL
for a period of
is
three months or
granted
three
for
years
repayable
six
in
months
agreed to.
as
The
quarterly/half-
LIBOR
yearly
instalments,
the
interest
successive
three
customer has to
months/six
normally book a
months period as
forward contract
agreed to would
for
be
instalment
each
viz.
refixed
periodically
on
first instalment,
second
dates.
instalment
etc.
Forward cover is
available
2.5.
In
case
additional FCL TL is
executed).
procedure
enumerated
2.7.
Branches should
note
and
of
TL amount subject to a
Companies.
2.6.
modification
For
to
recover
FCL-TL
procedures
as
fees
enumerated
in
paragraph
above
have
and
to
2
be
and
charges
loan account.
2.8.
In
case
prepayment is agreed
lieu
of
Letter
of
as
in
should
Undertaking
Undertaking
from
borrower,
guarantor(s)
be
separately
2% on the FCL-TL
/Third
outstanding. Interest on
Party
the
Mortgagor(s)/Hypothec
Annexure IV and it
must be stamped as an
contracted
interest.
2.9.
loan
should
rate
be
of
Management
Services
Department
have
vide
their
Permanent Circular no
Misc.
21.09.98
FC (WCFC)
4152
116/98-99
dt.
FCCTLFC)
changed
the
4153
GL code numbers as
follows.
(Jerome Royapan)
Assistant General Manager