TERM SHEET: PREMIUM: ISSUING DEMAND DRAFT: 2020

Work: - Premium Via Demand Draft

Type: - Company to Company
Quantum:
Location:
Booking charges:
Ratio:-
WORKING PROCEDURE:

1. On the day of performance, both the clients will meet at a previously decided
location. After formal discussion, W- Party (Investor) will show Authorization letters,
Personal Id & Bank Statement.

2. After the verification the B- Party will take the W- Party to the designated officer of the
bank and will provide statement of account to confirm the availability of the funds. W-Party
can verify the ownership of the B-Party’s account by any means. Also need to verify the
source of funds. Once the availability of the fund, source of fund and ownership of the
account is confirmed, W- Party will ask B -Party to initiate the process of forming the
Demand draft by providing the name of subsidiary company of
W- Party in whose favour the DD is to be issued. Once the demand draft is issued, the
W- Party will ask B- Party to again provide the statement of account. (Note: This
statement should reflect the deduction amount of the demand draft)

3. Once the authenticity of the demand draft is confirmed, Both the parties to
exchange the KYC then W- Party will shoot RTGS in favour of B- Party. Once the B- Party
receives the RTGS and confirms it via in & out procedure or bank confirmation, the
demand draft is to be handed over to the W- Party

4. The W- Party will issue no claim letter to the B – Party’s company and the hard copy
will be mailed to the receiving Company.

5. The hard copy of the no claim will be couriered to the registered address of the
company within 72 banking hours.

NOTE:

1. Account specifications for DD issuing account-The account should not be CC / OD/

BORROWED FUNDS account. It should be a pure profit fund. The account should be healthy
running account. (NOTE: The client may be required to verify the source of fund and the
flow of funds (Account
Statement-Monthly, quarterly, half yearly or yearly and 3 years ITR).
 2. This term sheet has been approved by the W- Party (Investor) and does NOT require
further confirmation. No changes acceptable in the above-mentioned procedure.

3. RECEIVING COMPANY TYPE: Private Limited Company only

4. COMPANY CRITERIA: Paid up capital should be minimum 50 lakhs or more

5. NO TRANSACTIONS THROUGH: Trading / NBFC / LLP / Proprietorship / Limited

Companies.

SIGNATURE – FUND
HOLDER
NAME:
DATE: