(Date and Time Details will be filled by the Company and B party should fill the rest)
Company will acknowledge the terms sheet and sign to confirm transaction. If it is OK with
B party then it will be final. There will be minimum period of 2/3 working days between the
B party signing and actual execution of transaction.
A day before escrow B Party book 2rooms in any hotel near to the escrow location and share
the receipt with A party consultant before reaching company people in escrow location.
B party has been made aware and has understood the period requirement of 2/3 working
days for which there will not be any change.
If due to any reason any party failed to do escrow on mentioned date they have to give
penalty of 50lacs.(Ie: if A Party failed they give penalty to B Party, if B Party failed they give
penalty to A Party).
DAY BEFORE TRANSACTION:-
Escrow of 25Lacs (New Currency) in any 3/5 Star Hotel ( A-party and B-party). Prior to
working day, for which the time will be decided by the company. Company will book the
hotel room with locker near location provided by the B party. After verify of escrow amount,
both party will (Only) show their kyc and not exchange the hardcopy with each other.
ON TRANSACTION DAY:
1) At 10.00 am Company representative will arrive at meeting point, within 1 km from B
party cash location. Location to be confirmed by B party at the time of Booking.
Company Representative will show Group Lead Company’s Authorization Letter, Bank
statement & Personal ID of Authorized Person at meeting point.
At location / place which is not under any kind of CCTV surveillance. Both the parties have
to reach cash location by 10. 30 am.
(On or before 11:00 B party should show the new currency.)
Time will not be extended.
(Next 1hr i.e. 10:30 to 11:30 is for primary Quantity / Quality checking.)
2) B Party to give and assure the confirmation that the proposed passage / path / location /
place where everyone is proceeding, is not under any kind of CCTV surveillance.
At any time Company representative will find anything is out of the term sheet, they will
have right to treat as non-compliance of the terms, resulting in cancellation of transaction
and security amount will be forfeited. Company representatives’ decision will be final, if any
kind of violation of term sheet.
3) Company representative will do primary check of quantity / quality and ONLY after they
are satisfied they will call the counting team. Counting team will come along with Bank
Statement
& KYC of Executing Company, which will be group / associate Company.
(No copy / Photo will be allowed)
4) After seeing the Bank statement and KYC, B Party shall give their confirmation within 30
mins. After B party give their acceptance counting team will start Quantity & Quality
Checking. After the complete Q & Q satisfaction, Bank transfer / RTGS will be given to the
account whose details are given by B party along with B party media commission.
5) After verification of Bank transfer / RTGS by B Party, Company will make physical
movement of the Cash. After the physical movement Company will give donation / no claim
letter, as may be required.
NOTE :-----
a) B Party should organize / execute necessary Paper work to establish their eligibility to
receive funds.
b) Any delay in time schedule of execution and short fall in display of same amount of
quantum of cash will be treated as non-compliance of the terms, resulting in cancellation of
transaction and security amount will be forfeited.
c) No claim for any refund will be entertained,No further discussion will be allowed.
d) No stage(s) of transaction will not be carried at places covered under any kind of
surveillance including CCTV.
e) Any of the following locations are not acceptable for execution. - Residential /owner
residence cum office, narrow street, crowded area, bank, religious place, upper floor,
Government building, hotel.
f) Extension of time will not be given to any party in any circumstances.
List of Documentation submitted by B party in the time of Agreement between A & B)
Documents Produce by W Party:-
Authorization Letter
Fund Proof (Statement)
Balance Sheet
Board Resolution Letter
Memorandum of Article
Registered Incorporation Cirtificate
Company Pan Copy
Company Tan Copy
ITR 3 Years
Audit Report
No Claim Letter (To be given after transaction)
Willingness Letter (In Back Dated)
Documents Produce by B Party
Registration of Company.
Noc from all Directors.
Heavy Bank Transaction.
RBI/CA approved project.
Pan Card Company & Director's.
Letter heads, stamp & Comp authorization.
Self id card.
Auditor report for fund receiving capacity in a/c.
Bank Letter for Fund Receiving Capacity
Above terms and condition are read and understood.Signed as a token of acceptance of the
above terms.