TERM SHEET FOR CASH

WORK 2024
Company to Trust / Company

Place:Bangalore Landmark :
Pin code : Working Date :
Deal Volume : Slot Time :

DAY 1
1) Both party will made a DD equivalent to 25 lakhs and screw out for secure the transaction.
2) Incase Trust / Receiving company doesn’t deliver the material or fails on the obligation agreed on the transaction day
then the DD will be encashed to the transfer company and incase the transfer company doesn’t deliver the transfer the
receiving company can encash the DD issued

Day 2:
1. The Receiving party will then submit the documents required for KYC, document list as mentioned below. Please
Note. The receiving party has to bring original documents plus two copies.
2. Post checking of KYC, the transferring company will provide account details and company details for the reciever to
check
3. The transferring company will provide the name and details of the authorised person who will come to check the
material at the location.

Day 3:

1. By agreed time the Authorized person of the company will come to the decided location at the given time.
He will show his Authorisation Letter and ID card in original and Bank statement with the previous day
closing balance in original
2. The Material owner will take one person to the material location. The letter of the same will be shown by
it. The company person has to accompany the Material owner person to the location. One security(with
company authorization) of the company person will come to the material location.
3. The receiver will then show the material, after random verification of the material the company will transfer 2%
RTGS..
4. Once the transfer is received by the receiver, the receiver will give a go ahead to call the QNQ team. The QNQ
team will provide all the KYC of the transferring party.
5. As the counting and checking is done, the decided ratio will be transferred to the receiver accounts.
6. The receiver can do in and out, once the funds are confirmed. The QNQ team will lift the material from the
location.

All documentation to be done post transfer. The RTGS transferring company has to ensure that the amount transferred to
Trust / Company account is not frozen. In case the amount gets blocked in Trust / Company accounts then Transferring
company has to ensure that it helps in documentation and other bank intimation required in getting the funds released to the
Trust / Company.
Please note the company has the rights to ask for document of the location, the receiver can hide the name on the document
(eg: electricity bill)

Note:-In case of breach or non-adherence of below mentioned point company authorised person will
leave the location & transaction will be declared failure on part of B party.

1. Company authorized person will only meet B party’s MD/Chairman / Trustee/ authorized person only after
 verifying their documents /authorization letter Page 2 of 3 and ID. No other person will be entertained and
company person is not answerable to any other person except authorized person of B party.

2. Company person will carry his phone all the time in active & switched-on condition. In or due to any situation
company person will not switch his phone off or hand over his phone to anyone.

3. In case of involvement or intervention of non-authorized person / third person from B party side or any kind
of miss conduct/ threatening be it verbal or physical. Making group gathering etc. company authorized person
will leave the location immediately and it will be considered failure on the part of B party.

Following Documents is required for TRUST in two set (dully attested, sealed & signed) along with original for
verification.
1. Registration certificate (Niti aayog)
2. By laws of the trust
3. 3yrs.ITcopies
4. 3yrs.Audited(CA)Balance SHEET
5. Trustee’s profile with photograph, PAN copy & ID copy 6. Trustee’s PAN cards
7. Resolution letter and no objection from the trustees to receive donation.
8. Project report approved by a CA
9. LEI Number.
10. Requisition letter in favor of ------------ trust seeking donation on old dated on trust letter head 11. Niti aayog
registration certificate.
12. 12A and 80G.
13. Authorisation letter for deal management - trustees approved

Following documents will be handed over by the Donating Company after the slot is successfully done.
1.donation letter
2. Form 10H
3. NOC
4.board resolution letter.

The party(s) respectively acknowledgement:

The party(s) respectively acknowledge, accept and agree the intended above terms and

conditions. SIGNED for and on behalf of the receiver/Trust:

Name: ..................................................

Signature: .............................................

SIGNED for and on behalf of the Donor/Company:

Name: ..................................................

Signature: ........................................