@ NoRERA/Finance-Sestion/BAD/02/2020-21 Real Estate Regulatory Authos , Karnataka 11/1, 2 Feo, Sih ie blk, Uy Burg, CS Compound 3 (ros, Mision Rose Bengal 560027 ‘Sub: RERA Bank Account Directions, 2020, In exercise ofthe powers conferred under Section 25 and 37 of the Real Fstate (Regulation and Development) Act, 2016 and as the Kamataka Real Fsiate Regulatory Authority baving considered it necessary in the interest of on-time delivery of any Plot, Apartment or Building and for the purpose of ensuring the non-diversion of project funds, itis hereby decided to issue the directions herein under specified. a 2 ‘THE BANK ACCOUNT DIRECTI Short Title ‘These Directions shall be called the Karnataka RERA Bank Account Directions, 2020. Definitions “Act” means the Real Estate (Regulation and Development) Act,2016, Gi) “Authority” means Kamataka Real Estate Regulatory Authority established under sub-section (1) of seetion 20 ofthe Act Gil) No Lien Account means Bank Account without any third-party rights or security interests. iv) No Lien Fixed Deposit means Fixed Deposit without any party rights or security interests. (0) “RERA Bank Account” means the separate bank account to be maintained by ‘the promoter in a scheduled bank in the local branch where the project is going, ‘on, in State of Kamataka as per section 4(2){)(D) ofthe Act fo cover the cost of ‘constuction and the land cost of te project. (i) The cetficate to be issued by the Chartered Accountant in practice for withdrawal of money from the separate account maintained under section 42\INXD), Project Architect, Project Engineer, shall be in Form 4, 5 and 6 respectively. ‘The format for Annual Audit on statement of Accounts required to be issued by Ge Chartered Accountant in Form 7, as maintained under the third proviso of Section 4(2X1(D).@ 2 Real Estate Regulatory Authority, Karnataka 1/34, 2 Roo, Serbia Mock Unt ating, S1Campound 8° ‘ros, Mision Ron, Benga 560027 Wy (ii). Post Registration Certificates: ‘8) "Form" for Chartred Accountant's Cetifiate. by “Form.2” for Architect Cerificate ©) “Form-3” for Engineer's Certiieate (x) Quarterly update certificates — 8) “Form” for Chartered Accountant's Certificate ') “Form” for Architect Certificate ©) "orm-6" fr Enginees's Certificates Rel erate projet Designated Account Number Bank Name: ESC Cade ranch Nase© Real Estate Regulatory Authority, Karnataka {14 2 oa, Soe ny Bag Compound sion oad, Bengal 560027 x No Punioalae Eaimaied ‘haxtin Taare ‘Aone ia Re. Tad Cone The cot ineured by the promoter for the| scion of ownenhip and tile of the land Pac he poate pelewe Ano! pal fr Acpuision/ purchase of TDR =) ce Amount paid to the Competent Authory for project approval, No Objection Cena, samp ur, tansfer charge, Registration charges, convention chargey change, axe, ssttory peyment to state and Cental Govesmpent Sab — Toul Land Coat Development Cost) Cost of Const 4G Eanated Cont of Construction a eriiedy Engineer (@) Acta Cost of constuction incuted a per the books of accounts a vee by theCA Note: (fo alding vo total cost of constuction incued minimum of (oF (i) st be considered) (G Onate expenditure for development of extre brojtexcladeg cat of constuction sper 6) cf {@) abore, Lew lis, constants foes, ste overheads development works, com of senicer (Gectoding water, lecucry, sewerage, deiage, layout roads ete) cost of machineses ard uipmest incidng i hire and osintenance ‘ons conten call ons dtl incurred Complete the conection ofthe ete pate of the projet etre, bb Payment of Taxes, cess, fees charges, premiuns, Interest et, 0 any sttutory Authoety Interest payable 19 Bnancal insnason, scheduled ‘banks, aon- banking Bassciainstiution (SBF) ‘or money lenders on constracon funding ot money beer for constrain ‘Sab —Toial Development Cost13/14, 2% Fon, ive ble Bloc, Unity Bulking, C3 Compound 3 ‘ros, Mission Road, Begaluru-560027 @® Real Estate Regulatory Authority, Karnataka 2 “Foal Fatnated Cont of the Ral Evans Poe) | Re #103) of esimated Cok, 3, Total Cont Incumed of the RealEstate Project 19)+ | Re 10) of need Column 4. Pasoentige of complain of conection work (8 pet % Project Architects Cerise) 5. Proportion ofthe Cnt incur on Land Cort tthe % “Total Estimated Cort, {6 Proponion of the Cos incurred on Constuction Cost % (othe To Estimated Cont 1 ‘Tou percentage of completion of constuction a pet % A683 /) 8 Amount wich can be withisnwm frm Designate Account (Toul Estimated Costas *Pereestase ‘completion of consuuction ower of 487) [xs _ 3 Tass: Amount wahdeawn tll date ofthis etBentas | Re perthe Books of Accounts and Sank Sstment 10, NecAmount which ean be withdrawn ras the Re ted Bale Account under ti etfete,_ “ [ionawinge Mongage Deal (Appice ‘A Borrowing Details Name ofthe Lender: 2. Amount Disbursed 'S Atmouat pending for diaburseres from Lender 4" Amount be repaid to lender: 1B. Monguge Details 1L Morigaged to (Name of the Entiy/ Inaitaton) 2: Amount Disbursed: 5. Amount pending fr disbursement: | Amount to be repaid to lender ere111/24, 2" flow, iver jubilee Mack, Unity Bulg CSI Campound 3° Real Estate Regulatory Authority, Karnataka ‘rss, sion Road, bengali 960027 ‘3 | Dewi of tansactons inthe designated RERA Banke Account (iaelde pre RERA transactions incase of ongoing ioleets, wherever applicable) 4. Toa mnie of unit booted Ynte 1 Tonal anount lized fon ele of units ding the quarter) Toul amount deponited into de bank out fsle roceads ding the quate) 4. YeotDepost made e e Reconciliation forthe Quartee: ‘Opening Batnce Date (Quarter stat dt): 1 Opening Batnce as per Bak saement NR) [Fo snatch with the previous quarter losing bank alee ‘Deposits dung the Quarter on acount of ales INR} (thee Deposits mit a) ‘Withdeels daring the Ques fom sle proceed INR} Otte widharoals made an: _———— |& Closing Blace a pec bank sateeae INR) —— Th GlsingUnence Date (Quarter end dite IRR rs E i ® BEPEE 3g Cumulative Reconiliation from the beginning ofthe project 2. Opening blaceof te account (NR) '. ‘Toul Depots made fom le procesINR) © Total depos made ote than sle proceed Gay) (NR: 4 Total Withdsale made fm tle proceeds (NR) Total wide made oer than shore for le proceeds (fanyYINR) ‘losing balance forthe current quarter (avbeeh(de) POPP PPE ‘This certificate is being isaed for the project = Registration No, for the quater ended ~ ‘ofthe provisions of ection 4@) () (D) ofthe Aer and based onthe records and ‘documents prodiced before me and explanations provided to me by dhe Management of| the Compass. 161£1/14, 2 oor, Sver ube boc, Unt Bulg CSI Commpound 3° @& Real Estate Regulatory Authority, Karnataka Crs Mision Rand Beng 560027 ‘Qualification Observations. Thereby cenfy that che total amount collect / realised from the allotees on sccouat of ale / booking of units dusing she quaries is Rar per Point AA) out of ‘which Rs. is deporte into the Project designated bak accouat as pet Section 4Q)0@) ofthe Act. Yours Faithfully, Signatare of the Chartered Accountant Name Membership Number: ‘Addsese Contact Details Enmallid: Website Linke UDINo© Real Estate Regulatory Authority, Karnataka 14/1, 2 Fler, Sver ube back, Unity ung C3 Compound 3 Coss, ieson Rod, Benglu-560027 (Additional Information for Projects) TTanated Baas Cont to Cape the Real Ente Peet {Dilleence ofthe Tosa Estimated Project costa less Cost inured) Talance rsount of receivabica from sold apartments por Annenaze to thi caiete (ar coral by Charseced Aceountan svcd ro the rocoeds ed oos of Acer) | @ sinated umount of sales proceds in espect of unsold 19 Balance Uneld sen (oe ceriied by Management an ro be ved by CA from the records ad books of acount) patente (leat as per ASR mui to unwold ra ton ‘he dt of ceitcate, to be calelted and ceed by CA) sper Annee A to this eta timated receable of project Sum oF 73) ‘Amount tobe deposied in Designated Account — 1% of 100% II SINo tis restr than 1, then 70 ofthe alee reas of (On going projec wil be deposited in desigated Account. LW SLNo 4 easr ha 1 then 100% ofthe ofthe balince cevabes a ongning projet wl be deposited in degra ‘AccooneReal Estate Regulatory Authority, Karnataka ie 212th nb ek tang cconmoniae (GY) ross, Mision Roa, Benglur 560027 Annexure ‘Statement for clelton of Recsivables from the Sales ofthe Ongoing Real Estate Project 41. Sold Inventory Se Fat] Cupet | Wait | Reodved | Balenee | Dueat [Is No.|No| Ares. | Consideration as | Amount | Readvable | Agrement | agreement | perAgeenent fe | pied sqm) |" /Leter of ‘Moment Yes/No 2 Unsold Inventory Valuation Rody Recaoe Rat aso the dite of Cericate ofthe Rsidnsl /Commeri pests Re persis Se | FaeNo. | “Caper Ares | Unit Consideration a por Foal AS No. Germ) a) | Rey Ree A (| cote ‘This crises ng aed for RERA complisnce forthe Company [Promoters Name and it based on the records and documents produced before me and explanations povided to me by the Management ofthe Company. ‘Yours Faiths ‘Signture ofthe Chatted Accountint Name: Membership Number ‘Ades: - Conteer Dea: Ena. Welt Linke UDINe Date = ee1#1/16, 2 lor, Sve bee back, Unty Bulg, SI Compound 3 @® Real Estate Regulatory Authority, Karnataka a7 ‘ros, sion Road, Benga Nowe - ") UOINO is mandatory 2} Ths certfeate shall bein acordance with Sec 4(2)}(0) of Real Estate (Regulation and Developrent) Act, 2036 read with the Karnataka Real Estate (Regulation and Development Rules, 2017 3) If theres no Qualiction / Observations ~ mention NIL 49) Promoter has depested money in other than the RERA Designated bank account refer registration details in wun sera karnataka gov.) report such deviation under Qualfiction / Observations '5, Peace ensre information shall match withthe Information provided ‘during regisvation or amended subsequent. 6, Sold included booked apartment / plots 202\ Real Estate Regulatory Authority, Karnataka CGD) Sie hae Sherr ern ne ond oss, Mission Ron, Bengal 560027 FORM-5 Architect's Certificate (To be uploaded by the promoter on his web page on the RERA portal for ‘Quarterly Updates) [Karnataka Real Estate Regulatory Authority (Real Estate (Regulation & Development) Rules, 2017)] Dac RERA No Project Name Promoter Name Te The. (Name & Aditess of Promote), Subject: Crtifieat of Percentage of Completion of Construction Work of No. of Bulling(s)———. Wingts) of the Phase of te Project [KRERA Regisvation ‘Number] situated on he Plo bearing C-N-NO1CTS NoJSurvey no/ Final Plot no demarcated by its boundaries (latitude and longitude ofthe end points) to the Noh 10 the South "1 the Fast to the West of Division Village ‘Taluka District PIN ‘admeasring | ‘sun, area being developed by [Promotes Name] sir, ‘This Cerificate is issved in accordance with the provisions of the Real Este ‘Regulation and Development) Act, 2016 reed withthe Karnataka Real Fsate (Regulation and Development) Rules, 2017 | have verified the sanctioned drawing. The work i as per the sanctioned drawing sven by the Competent Authority with Sanctioned Drawing No. V We, hive undertaken assignment as Architect /Licensed Surveyor of cerfjing Percentage of Completion of the Constuction Wosk of the Buildings) Wing) ofthe ___Phase ofthe Proje, situated onthe plot bearing CN. NOCTS Ne, Burvey nod Final Plot no ‘of Division Village “Taluka Distct PIN adimeasuring Haims, area felng developed by [Promoters Name] 1. Following techies professionals reappointed by Owner /Prometer- : _Real Estate Regulatory Authority, Karnataka ® octane 11/14, 24 For, Siver jubilee tock, Unity Bulg, St Compound 3” engaur 56002) @Miirism asLS./ Architect: (i) Mis/SteiSom_ as Structural Const (i) Mis She Se 8 MEP Constant (G9) Mis She / Smt as Site Supervisor registered vide number Based onthe Ste Inspection dated _, with repost o each of the Building/Wing ofthe aforesid Real Estate Project , 1 Ceri that as on the date of this Certificate, the Percentage of Work done for each ‘of the building/Wing of the Real Estate Project as under KRERA is a5 per uble Aberin below. The percentage ofthe work exeouied Wid Fepect to each ofthe activity of the entre hase i detailed in Table B taba ing Wing Naner__(o be propel Speely fi ach Baling Wing. of be rose 50 [a a [Resegs of Wark Xo [ian es Nuriber of Sabs of Super Sacre Thieral Walls, Internal Plaster, Floorings within Fatsramises, Doom and Windows to each of the Fla Premises ‘Sanitary Fitings win Fist! Premises, Electreal Fitings within he Flay Promises, ‘Suareases, Lifts Wells and Tabbiog af each Foor Tvel comecing Suirases and Lifts, Overhead and Underground Wat: Tanks. “The extemal plumbing and extemal plaster, elevation completion of terraces with walerprofing ofthe Bulding/ Wi Tnsalation of ifs, water pups, Fire Fighting Fitings and Equipment as per CFO NOC, Electrica iting to Common Ares, electro, ‘mechanical equipment, Compliance to conditions of environment) (CRZ NOC, Fishing to envancelobby's, plinth protection, paving of ‘aes appurtenant 1o Bulding, Compound Wall and all otber _equzemens as my be required to obtain Completion Cerificate, 2Real Estate Regulatory Authority, Karnataka 14/14, 2" oo, iver ube lock, Unity Bulg, C3 Compound 3" © ‘ros, Mision Rodd, Bengali 560027 TableB Internal and Extemal Development Works in respect ofthe entre Registered PhasesPrjet. SIND] Common areas and Fai | Poposel | Pavewage of [Deails ments (Wes) | werk done * Internal Roa & Feo —[ Wa Sophy Senenge (Gi Septic Tank STP) ‘tom Water Dias Landscaping & Tre Planting Sirs Lighting — Conmaniy Buin : “Treament and Digi of scvage and slag wer Solid Waste management Dispos To | Water eomewaton, Rain water aresting Energy Management Fire protection and Tre aiiy requitenens 13 [lesriea meise room, wb station rceving sation | Pereeniage of work | Details ‘Yours Faithfully, Signature & Name (in Block eter) of Architect License No Adress Contact No Email Website ink _— Place:@ Real Estate Regulatory Authority, Karnataka @ 11/3, 2 lor, Siver bles blk, Unky Bulg, SiCampaund* Cnateccereas mm” RE Da: ‘Note:The same Engineer is responsible forthe completion of Project. In case of Change in the Engineer, approval neds tobe taken fom the AuthorityReal Estate Regulatory Authority, Karnataka GG 1#1/14, 2 Foor, iver jute block, Unity Bulding. CS! Compound 3° \ ‘ross, Mision Road, Bengaluru 560027 X FORM Engineer's Certificate (To be submitted at the time of Quarterly Update ofthe Project) [Karnataka Real Estate Regulatory Authority (Real Estate (Regulation & Development) Rules, 2017)] Date RERA No Project Name Promoter Name To The ame & Address of Promoter, Subject: Certitcate of Cost Incured for Development of [Projet Name] for Construction of ‘ullding(sy_Wingts) of the Phase situated on the Plot iraing CIN. No /CTS No, Survey no, / Final Plot no demarcated by its boundaries (latude snd longitude ofthe end points) to the North to the South to the East to the Wen of Division Village Taha Dist _ PIN dimeasuring sant. area being developed by [Promote] Si, “This Cortificae i issued in accordance withthe provisions of the Setion 42) (1) (D), Ft Ran glen sng esp gan)? SY 0" Karnataka Real Esat (Regulation and Development) Rules, 2017 have verified the sanctioned drawing. The work i as per the sanctioned drewing given by the Competent Authority with Sanctioned Drawing. No. Tam Satisfied that the physical progress of the project in eccordance with that of the RERA Registration Application det V We ____ hve undertaken assignment of cetfying Estimated Cost forthe Subject, Real Estate Project proposed to be registered under KRERA, bing Buildings) _— Wing(s) of the Phase Situated on the plot bearing CN. NoCTS No. Survey po. / Final Plt no of Division Vllge Taluka Distist PIN rdmeasuring Sams. area being ‘eveloped by [OwneePrometer] 2s a1#1/38, Foor, Sie ble bet, Unt Sug, SI Compoune 3° Real Estate Regulatory Authority, Karnataka ‘ross, Mision Roe, Bengalur 560027 1. Following echnical professionals are appointed by Over Premtec:- (Msn as LS. (Architect; (i) Mis Shi Sn as Suuctral Consultant (Gi) Mis She Smt as MEP Constant, (Gy) Mis Shei / St 88 Quantity Surveyor* 2. We have estimated the cost oF the Completion to obtain Occupation Cerificate! ‘Completion Cerificate, ofthe Civil, MEP and Allied work, ofthe Bulding() ofthe projet. ‘Our estimated cost casultons are based on the Drawings/plans made avalabe tous for the iojest under reference bythe Developer snd Consulans and the Schodule of items end ‘quantity forthe entre wore as exiculated by guatty Surveyor® ‘appointed by DeveloperfEnginer, and the assumption ofthe cost oF mateial labour and ‘other inputs made by doveloper, andthe se inspection caved out by ws 3. We estimate Total Estimated Cost of completion ofthe buildings) of the aforesaid projet under reference as Rs (Tot of Table A snd B). The estimated Total Cost of projet i with reference fo he Chil, MEP and allied works required to be ‘completed forthe purpose of obtaining occupation eetifcate / completion certifieate forthe bulding(s) fom the ‘being the Planning, Authority under whose jrisiton the aferessd project is being implemented 4, The Batimated Cost Incured tll date i caloulated at Rs (Toa of Teble A and B). The amount of Esimated Cost Incurred is calculated on the base of amount of Tos Estimated Cost 5, The Balance Cost of Completion ofthe Civil, MEP and alied works ofthe Building() of | the subject project to obtain Occupation Cerificate / Completion Certifeste from planning Author) is estimated at Rs (Total of Tahie And By 6,1 cesify thatthe Cos of the Civil, MEP and allied work for the aforesaid Project as ccmpleted on the dat ofthis certificate iss given in Table A and B below Table-A Building bering Numbe or elled foreach Building ofthe Real Estate Projet)© Real Estate Regulatory Authority, Karnataka 11/18, 2 oor, Stver ube Bloc, Unty Bulg, Si Compound 3" ‘ross, Mission Rou, Bengaur 560027 @ S| Pairs ‘oat No | 1 | Toa Fainated cost of the balding won. de off Registration is Cost inured ao (fas on te Emad coat) |e, Work done in peseage (a Perenigs of thems con) Balance Cost tobe inurred (Based on the Estimated C [FPP in the Estimated Com ( Annexure A) ‘Cost Inurred on Additonal / Ex ems ws on. not neds | RE... a i ‘Table B (To be prepared foe the entire registered pase ofthe Real Esato Projet) [St | Paricuars — ‘Amount No. a 1 [Tot Fstimated Cost of the internal and Exteral | Rizo evelopment weeks including amenities and fac in he lout aon... Date of Registration Bont ncured 9 O8 (Based onthe estimated [RB cos), ‘Work done in Percentage (as percentage of the % estimated cos), | Balanes Cost be Incured( Based on eainatad | Re cost) | Cos Tneured on Addifonal/ Extra hems a on sR ———] |_| notinciudd in the Estimated Cost (Annexate A) ‘Yours fihitly [Name an Signature ofthe Engineer License No Aadress Contact No Emalig Website linkReal Estate Regulatory Authority, Karnataka *178, 2 lar, Sher ibe lock, Unity Bing, SI Compound 3 Cots sion Rad engl 5027 “The same Enginer i responsible for the completion of Projet, n ease of Change in the Stactral Engineer approval need be tsken from the Author “The scope of work isto complete entire Real Eat Projet as po drawings approved ‘rom time to tne soa to abtain Occupation Ceiiate ‘Completion Cetifcate. ) Qunity survey can be done by office of Engineer or can be done by an independent Quanity Surveyor, whose cerita of quantity calculated canbe relied ‘upon by the Engineer. In case of independent quantity surveyor being appointed by Developer the name has tobe mentioned atthe pace marked (*) and in case quantity ‘are being calelated by ofice of Engineer, the name ofthe person inthe office of Engineer, whois responsible forthe quantity calculate should be mentioned atthe place marked ‘The estimated cost inludes all labour, materia, equipment and machinery required to cary out entre work. As this isan estimated cost, any deviation in quantity required fer development of the Realestate Project will sulin amendment of the cost incurredho be incurred. All components of work with peifctions ar indicative und nt exhaustive. ynexare A List of Esra / Additonal ems executed with Cost (which were not part of the original [Esimat of Total Cost)14/14, 2" Foor, Ser ube block, Unity Bung Si Compound 3° Mission Rood Bergaury 560027 @ Real Estate Regulatory Authority, Karnataka Form—7 Annual Audit Report on Statement of Accounts (On the lettor head of charterod accountants whois statutory auditor of the romoter’s company/firm) [Karnataka Real Estate Regulatory Authority (Real Estate (Regulation & Development) Rules, 2017)] Dates RERA No Project Name Promoter Name. To, [NAME & ADDRESS OF PROMOTER) Subject: Report on Statoment of Accounts on project fund wiliation and withdrawal by [Promoter] for the period from with respect to project [RERA Registration Number : Designated Bank Account Detail [ane ofthe Account Holder ‘Designated Account Number Bank Name IFSC Code Branch Nane 1. This Cerificate is issue in accordance with the provisions ofthe Real Estate (Regulation snd Development) Act, 2016 read with the KamatakaRes! Estate (Regulation and Development Rules, 2017 2. UWe have obtained all the necessary information and explanation frm the Promoter! ‘Company, during the course of our audit, which in mylour opinion are necessary forthe purpose ofthis ceificte. 43. UWe hereby confirm that We have examined the prescribed registers, books and documents, and the relevant records of [Promoter] for the period ended and herebyReal Estate Regulatory Authority, Karnataka #1/14,2% Foo, Sher ublee bloc, Unity Bullding, Si Compound 3° oss, Mision Road, Bargslru 560027 i ws (Promoter) have completed 1% of the projet sted RERA Registaon No slecated at oat ste ng te pr tats pf: Te ‘and amounts collected il ais RS. fi, Amount withdrawn during the year for this projet is Rs. ___ and amount vvthdsowm ll date 8 RS. We Cen thatthe [Name of Promote] has tized the amounts collected for roc any fr that project andthe witrawal from the designated bank eccoun() of he ssid pres has ben In accordance with the propston to the percentage of completion of the Project. (I ot, please specify the amount wihdravm in exces of eligible amount or any other exceptions) Signature and Stamp/Scal ofthe Signatory CA) ‘Name of the Signatory ‘Membership No Full Adress Contacto Email Website Link UDIN Number Date: Place 20© WE. Four Real Estate Regulatory Authority, Karnataka 14/1, 2 loo, ive lee block, Unity Buliing, C3 Caenpound 3 085, Mision Road, Bengaluru 560027 Form-B1 Application Of Change in RERA Bank Account 10 Kamataka Real Estate Regulatory Authority ‘Sub: Application for change in RERAA Bank Account RefProject Name_ Promoter Name Project Registration Number Dear St, With reference tothe above mentioned subject, UWE would like to apply for the Aurbority's approval for change in the RERA Bank Account will be opened in the local branch where the project is going on es per the following details: xing RERA Bank Acco Bask Name | Branch Name Account Neer Account Name Lise code ——I Proposed RERA Bank Account inte local branch where the projects going on) Bank Name solemnly affirm and declare thatthe particulars given in herein are correct to my knowledge and belief. aReal Estate Regulatory Author 11/4, 2" Foor Sver lee boc, Unity Bung CS Compound 7* (Goss, Mion Road, Segaur 560027 LVWE further undertake that I shall freeze all transaction from the stid account until, RERA conveys its decision on the RERA bank wovount change application. Dated: Place: Yours Faithfully ‘Name and Signature Seal of the Promotex/Authorised Signatory11/14, 2" oor, iver ube Block, Un Bulg CSI Compound vos, ison Ron, Bengaur-S60027 @ Real Estate Regulatory Authority, Karnataka (ON Rs. 20/ STAMP PAPER AND DULY NOTARISED Form-B2 Affidavit, (Por Seeking Change Of Bank Account Of Registered Projects) wwe Directoo's/ Designated Parier/s /Parness (Proprietor of the Promoter Mis, a Company Incorporated under the Companies Act /A duly incorporated LLP, A Partnership Fiem/ Proprietorship firm/ Promoter having itsimy registered office at _, Promoter of the Project : a having ranted registration bearing No. do hereby solemnly affirm to state on cath as follows 1. submit that {am/We are duly Authorised to swear to this affidavit. 2. 1 submit that ourimy project has been registered and the said registration is valid and subsisting. 3. submit that atthe time of application for grant of registration ofthe Project in ‘compliance with Section 4 (2) (1) (D) Uwe have given details of the Seperate Project Bank account for deposit of 70 % of the amounts collected from the Allottees in the Project in Bank, Branch, bearing Account No, and ‘accordingly the Project is registered. 4. Tsubmit thatthe development of work ofthe Projects ongoing and is yet to be completed 5. Tsubmit that (ive reasons for seeking change of bank account in bref, because of which bonafide reason it has become necessary for us to seek for change of hank account 6, T submit that We are seeking for change of bank account for the aforesaid bonafide reason and not for any other reason and in support of the same Live have submitted the necessary documents to support the application for change ‘of bank account, 7. [submit that UWe have complied the requirements of Section 4 (2) (D (D) as regards to withdrawal of Funds in proportion to percentage of completion of| evelopment work in the Project and /We will continue to full the said requirements a113/24,2 ler Ser jubilee block, Unity Bulg, SI Compound 3° rss, Mision Roa, Benguir-50027 ® Real Estate Regulatory Authority, Karnataka 8. 1 submit that the existing bank projet bank account has not been tachedifroren by any cour/Teibunal or quasi-judicial Authority and in this regard UWe have oblained the NOC/Endorsement from the bank and have submited the same. 9. We submit that, We have not violated any othor law forthe time being in farce dve to which UWe are restained the from operating the aforesaid project bank account. 10.1/We submit that /We have not violated or committed default in respect of any ‘contracVundertaking/loan agreement relating to any loanvborrowing advanced to mls forthe purpose of development of the Project due to which WWe are restrained in any mannee whatsoever, from opereting the existing project bank 11.1 submit that live ae not seeking for change of bank account to defeat the right ‘of any creditoos! Lenders/BanksFinancial Institutions! Allotees. 12. submit that I/we are not secking for change of bank account in onder to evade ue process of law, thereby affecting operation of the existing Project bank account, including any proceedings intited/orders Passed under the any ‘coury Tribunal or quasi-judicial Author 13.1 submit thatthe rights of any Allotcesin the Project will not be affected due to the change of bank account and there are no orders directing me/us 1o make any payments towards refund/compensstion/nterest from the existing project ‘bank account to any Allotee in the Project and details of orders, if any, ave ‘been dselosed and myfour obligations under such orders shall be fulilled by mes even after approval of my/our request for change of bank account 14.1 submit that UWe undertake to full all financial commitments in order to fulfil all obligations cast on me/us under The Resl Estete (Regulation and Development) Act 2016 and The Kamataka Real Estate (Regulation and Development) Rules 2017 ‘WWe submit that what is sated above is true to the best of my/our information and belief and this is my/our signatures Date: Pisce: DEPONENTS| ‘SWORN TO BEFORE ME{1/14 oor, Siver jue Block, Unity Bulg C31 Compound 3° oss, Mision Road, Bergalur 560027 ® Real Estate Regulatory Authority, Karnataka OW Rs. 20/- STAMP PAPER AND DULY NOTARISED. Form-B3, Amdavit (For Secking Change Of Bank Account Of Projects Under Process) We __ Directors! Designated Partner/s (Partner's (Proprietor of the Promoter Mis. a Company Incorporated under the ‘Companies Act / A duly incorporated LLP, A Partnership Fiem/ Proprietorship fim! Promoter having ltsimy registered office at Promoter of the Project B , having acknowledgement No. a do ereby solemaly aff iam 10 state on oath as follows: 1, submit that Lam/We are duly Authorised to swear this affidavit, 2, 1 submit that application for grant of registration for ourimy project has been ‘made and the same i pending 3. [submit that atthe time of application for grant of registration of the Project in compliance with Section 4 (2) (1) (D) Tive have given details of the Separate Project Bank account for deposit of 70 % of the amounts collected from the Allotees in the Project in Bank, Branch, bearing Account No 4. oulbmit thatthe rogistration forthe Project has not yet been granted, 5. 1 submit that (give reasons for seeking change of bank account in brief). because of which bonafide reason it has become necessary for us (o seek for ‘change of bank account 6. I submit thar We are seeking for change of bank aecount forthe aforesaid ‘bonafide reason and not for any other reason and in support of the same Le hhave submitted the necessary documents to support the application for change ‘of bank account. 7. T submit that 1We have not collected any money from any Allottee and deposited the same in the Project bank account of which details have been sven, 8, T submit that ve are not seeking for change of bank aecount to defeat the right of any creditorls/ Lendors/Banks/Financial Institutions pk 5#16 2 Sv bie oc, ny ula 5Compauné 3” ross, Mssin Roa, Segal @® Real Estate Regulatory Authority, Karnataka 9, [submit that I/we are aot seeking for change of bank aecount in order to evade ue process of law, thereby affecting operation ofthe existing Project banke account, including any proceedings intntedionders Passed under the Insolvency and Bankruptey Code, 2016,. 10.1 submit thatthe rights of any Allotc/s inthe Projet will not be affected due to the change of bank account 11.1 submit that VWe undertake to full all financial commitments in order to {alfl all cbligaions cast on me/us under The Real Estate (Regulation and Development) Act 2016 and The Karnataka Real Estate (Regulation and Development) Rules 2017 1 submit that whet is stated above is true to the best of my/our information and belief and tis is my/our signatures, Date Place: DEPONENTS ‘SWORN TO BEFORE MEReal Estate Regulatory Authority, Karnataka 11/4, 2 Foo, ver ube block, Uy Buling, SI Cormpound 3" ross, Mission Road, Bergan 560027 © FORM-4B Chartered Accountant's Certificate (for Bank Account Change Request) (OnLetter Head for Quarterly Update ~ to be Issued by CA holding Certiicate of Practice (COP) KRERA Registration Number: Projoot Name Promoter Name: (Cost of Real Estaie Prajec: ‘This is to certify that, the promoter having obtained Registration of the real estate projet under Real Estate (Regulation and Development) Act, 2016 read with the Kamataka Real Estate (Regulation and Development Rules, 2017, has complied with setion 4(2X1)(D) ofthe Act by depositing 70% of the amounts realised from the allotes to te following Bank Account: Name of the Account Holder: Designated Account Number: Bank Name: IFSC Code: ‘Branch Name: ‘Total money realised and deposited into Bank Account nay ahr Bak ‘eoearaibe Designed te | Toa Amount vate [Arona [POMBE is) TS project pea the Allottee anks)-a | fy | CAB ___| {in Rs.) ~ B ___| iW may aed from the Allotees (Gncluding all the bank sccounts) [70% of above (Closing Balance in theReal Estate Regulatory Authority, Karnataka (BS 111/142" Fler Sver abe lac, Uny Bung CSI Compaund 3" ) ‘Co. Woson eben e007 wy “Recount as on date oF ] this erificate Promoter has opened new bank account forthe purpose of thi Project. Detals of New Bank Account (proposed designated account) - [Name ofthe Account Holder Designated Account Number: Bank Name: ‘Account Name IFSC Code: Branch Name ‘Observations—any comments / noncompliance ~ ‘This cenificate i being issued for RERA eompliance for the project [Promoter's Name} end is based on the records and documents produced before me ‘and explanations provided fo me by the Promoter ofthe project, Signature of Chartered Accountant Name Designation ‘Membership Number Contact Number Addeess Email id Website Link Dawe. UDIN No:Tntiiemantertacner @ (ros, Mission Rood ergalr 360027 S24 ® Real Estate Regulatory Authority, Karnataka G Form-BS. (On Bank Letter head) Format of NOC to be issued by Existing Bank for change of Bank Account Date To, “The Secretary Real Bstate Regulatory Authority -Kemataka Bengaluru ‘Madam'Sir, Subject! No Objection Certificate For Bank Account Bearing No. “+ in the mame of held by in our bank ‘This isto certify that |. There are no orders for attachment/frezing the subject bank account have been issued by any statutory Authority, including Income Tax Departmenl/GST or any other statutory Authority 2, No orde/ of injunction have been communicated to us or any notice served onus by any cour/ribunal or quasi-judicial Authority by virtue of which ‘he Promoter is restrained from operating the account or changing the bank account, 3. The Promoter has not defaulted on repayment of any borrowingsoans fom, the bank due to which ithe/she is prohibited from changing the Project bank account. Banker Designation Banker Name Signature Seal ‘Bank Name ‘Branch Name HSC Code11/34, 2 Foo, ihe alee block, Unt Bulag, Si Compoune 3 {| ross, sion Roc, egal 860027 @ Real Estate Regulatory Authority, Karnataka @ Form-B6 Certificate of Fund Transfer from Bank having Proposed Bank Account To, ‘Karnataka Real Estate Regulatory Authority, Sub: Details of RERA Bank Account Ref: Project Nam Promoter Name:_ Project Registration Namabe Dear Sir, This is to certify thatthe promoter has the bank account operational with ‘ur bank as per following details. ‘Bank Name Branch Name ‘Account Number “Account Nametholder Name. “Type of Account TRSC Code ‘Closing Balance (ason—)in Rs -Furter, a sum of Rs, (Gin words: J has been credited into the above mentioned bask aseount on date Dated: Place: ‘Yours Faithfully ‘Name and Signature Seal ofthe Promoter/Authorised Signatory14/142" oor, Sver ube block, Unity Buling, C31 Commpound 3" ross, Mision Rose, Bengalur 560027 @ Real Estate Regulatory Authority, Karnataka ¢ < \ Form-B7 Confirmation Letter of change in RERA Bank Account To, Karnataka Real Estate Regulatory Authority, ‘Sub: Confirmation of change in RERA Bank Account Reef: Project Name: Promoter Name: __, Project Registration No, With reference My / Our Application for change in RERA Bank Account vide eter dated ‘and as per the terms and conditions mentioned inthe in-prinepal approval received from the Authority vide / email dated 1/ WE confire that ‘the RERA Bank Account has been changed and an amount of Rs._(in words:__) hus been transfered tothe Proposed RERA Bank Accouni. | undertake that I shall operate the RERA Bank Account in compliance with RERA Act, Rules and Regulations. ‘Existing RERA Bank Account Bank Name Branch Name ‘Account Number Tank Name ranch Name ‘Account Number ‘Account Name IFSC Code _— {WWE solemnly affirm and declare thatthe particular given in herein ae correct to my our knowledge and belie. Dated a Zh-13/142 Flor Sver jubilee back, Unit Buling 31 Cmpound 3°° ® Real Estate Regulatory Authority, Karnataka 560027 (ros, Mision Bengal Place: ‘Yours Faithfully [Name and Signature ‘Seal ofthe Promoter/ Authorised Signatory "Note: The Bank Account shouldbe opened in the local branch where the project is ‘ong on and Bank Account Name must bein the Name of Project Name.