(1) FORMAT OF BILLS OF EXCHANGE

BOE NO. AMOUNT

: :

BOE DATE DUE DATE

: :

AT____ DAYS FROM THE DATE OF BILL OF EXCHANGE (INCLUSIVE OF GRACE DAYS) PAY TO__________________________________________MUMBAI OR ORDER SUM OF Rs.______(in figure) RUPEES _________(in words ).THIS BILL OF EXCHANGE HAS BEEN DRAWN IN CONNECTION WITH THE SALE OF GOODS SUPPLIED AGAINST INVOICE NO.______ CHALLAN NO._________ DATED ______ VIDE LR.No. ________ DATED _______. PRESENTMENT PROTEST AND NOTICE OF DISHONOUR WAIVED BY ALL PARTIES ENTITILED TO REQUIRE THE SAME. FOR SUPPLIER(DRAWER)

AUTHORISED SIGNATORY TO, DRAWEE(PAYEE) (ADDRESS OF LOCATION SUPPLIED TO) GOODS SUPPLIED TO M/S _________(NAME OF DRAWEE )_________.(LOCATION) & RECEIVED IN GOOD CONDITION. ACCEPTED PAYABLE AT MUMBAI AS PER TENOR & TERMS OF THE BILL. FOR _____(DRAWEE)______

AUTHORISED SIGNATORY

(2) FORMAT OF BOARD RESOLUTION CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF THE COMPANY M/S AT THEIR MEETING HELD ON RESOLVED THAT THE FOLLOWING DIRECTORS OF THE COMPANY BE AND ARE HEREBY AUTHORISED ON BEHALF OF THE COMPANY TO SIGN ALL DOCUMENTS,DEEDS AGREEMENTS,CHEQUES,BILL OF EXCHANGE,PROMISSORY NOTES LETTER OF UNDERTAKING AND ANY OTHER RELATED PAPERS AS MAY REQUIRED TO BE EXECUTED FOR AVAILING BILL DISCOUNTING FACILITY. NAME OF THE PERSON _________________ _________________ DESIGNATION ____________ ____________ _____________ _____________

CERTIFIED TRUE COPY

AUTHORISED SIGNATORY/COMPANY SECRETARY

(3) FORMAT OF REQUEST LETTER ON SUPPLIERS (DRAWERS ) LETTERHEAD DATE : TO, TwentyFirst Century Mangement Services Ltd Mumbai DEAR SIR, REF : BILL DISCOUNTING WE ARE FORWARDING HEREWITH FOLLOWING BILL OF EXCHANGE DRAWN BY US: BOE NO.& DATE ACCEPTOR AMOUNT DUE DATE

PLEASE DISCOUNT THE ABOVE BILL @ _____ % P.A. & Rs. _____ (DOCUMENTATION CHARGES PER BILL) AND RELEASE THE PAYMENT IN FAVOUR OF _____( SUPPLIERS NAME)________ PAYABLE AT __________________. PRESENTMENT OF BILL OF EXCHANGE,NOTING AND PROTESTING IS WAIVED. THANKING YOU. YOURS FAITHFULLY FOR DARWER

AUTHORISED SIGNATORY.

Ref.No.: TCMS/CFD/DD/01-02/ July 20, 2001 Mr.Rajnish Sachdeva Ranbaxy Laboratories Ltd. Mohali Dear Rajnishji, This has reference to our discussion on documents required for sale bills discounting facility for your suppliers.We have hereunder elaborated the requirement of documents for the the said facility. (I) Suppliers with sales upto 5.00 10.00 lacs per month One Time Documents: Signature verification of the authorized signatory of the supplier. Board resolution of the supplier ( as per format enclosed) if supplier is Private Limited or Ltd. Company. Partnership deed copy( certified true)if supplier is a partnership concern. Recurring Documents: Bills of exchange duly stamped ( @ Rs.2.50 per Rs.1000/-) as per format enclosed. Invioce copy original OR duplicate copy duly certified by the supplier Duplicated copy of Delivery Challan duly certified by the supplier. L/R copy duly certified by the supplier. Covering letter from the supplier ( as per format attached).

:2: (II) Supplier with sales upto 15.00 and above per month Limit setting documents : Balance sheet for last two years( certified true copy). Profile of the company. Promoters Profile. Product Profile. Sales of Ranbaxy Laboratories Ltd. for last one year (Monthwise). SSI certificate ( Certified true copy) in case of SSI suppliers.

One Time Documents after sansaction of limits: Signature verification in original of the authorized signatory of the supplier. Board resolution of the supplier ( as per format from Bank) if supplier is Private Limited or Ltd. Company. Partnership deed copy( certified true)if supplier is a partnership concern. All partner letter authorizing one or few partners to sign on bill of exchange(as per format from the bank). Supplier have to open a current account with the bank with a minimum balance of Rs. 5000/-. Recurring Documents: Bills of exchange duly stamped ( @ Rs.2.50 per Rs.1000/-) as per format of the bank. Invioce copy original OR duplicate copy duly certified by the supplier Duplicated copy of Delivery Challan duly certified by the supplier. L/R copy duly certified by the supplier. Covering letter from the supplier address to the bank ( as per format of the bank). Sholud you need any further clarification please do let us know. Assuring you of the best services at all times. Yours sincerely, For 21st Century Management Services Ltd.

Dharmin Desai Asst.Manager Corporate Finance

On your letterhead Date : To, HDFC Bank Ltd Worli Mumbai Dear Sir, We are enclosing herewith bill of exchange drawn by us duly accepted by Ranbaxy Laboratories Ltd as per details given below : Bill of Exchange No. PEI/2002-2003/034 Amount (in Rs.) 66,499.00 Due Date 26.09.2002

Please discount the same and release the payment In favour of Protech Engineering Industries Pvt Ltd payable at Mumbai. Thanking you, Yours truly, For Protech Engineering Industries Pvt Ltd Authorised Signatory

FORMAT OF COVERING LETTER ON YOUR LETTERHEAD WITH EVERY BILL OF EXCHANGE

DATE : TO, Lender Name MUMBAI DEAR SIR, REF : BILL DISCOUNTING WE ARE FORWARDING HEREWITH THE BELOW MENTION BILL OF EXCHANGE DRAWN BY US: BOE NO.& DATE ACCEPTOR AMOUNT DUE DATE

PLEASE DISCOUNT THE ABOVE BILL AND RELEASE THE PAYMENT IN FAVOUR OF ____________ ________________________ PAYABLE AT ___________________. WE ALSO UNDERTAKE TO PAY OVERDUE CHARGES AT 2.00 % P.A. OVER AND ABOVE THE DISCOUNTING RATE AND ALL INCIDENTAL COST AND EXPENSES, IF FOR ANY REASON THE BILL OF EXCHANGE ARE NOT REALISED ON DUE DATE. PRESENTMENT OF BILL OF EXCHANGE,NOTING AND PROTESTING IS WAIVED. THANKING YOU. YOURS FAITHFULLY FOR AUTHORISED SIGNATORY.