|
| |
| Home >> General Public User >>Industrial Policy>> India >>Andhra Pradesh Industrial Policy>>General Instructions for Long Term Loan |
General Instructions for Long Term Loan |
Instructions to be Followed before succeeding for a Long Term Loan:-
- Only companies or firms registered in India are eligible for financial assistance from the Corporation, (Long and Short term loans for capital assets and underwriting of shares, stocks, debentures etc., guarantees for the performance of any contracts and obligations, guarantees for accommodation from Banks etc., come under “financial assistance”)
- Application should be completed and forwarded in FOUR copies typed on one side only and inapplicable portions being scored through. Additional sheets may also be used if the space in the form is inadequate.
- Documents to be attached.(Copies should be certified by the Chairman or the Secretary in respect of Public or Private Limited Companies;
- Certificate of Registration under Section 10 of the Industries (Development and Regulation ) Act, 1951;
- License obtained under Section 13 of the Industries (Development and Regulation Act, 1951, if the scheme envisages substantial expansion
- Certificate of Incorporation;
- Certificate of Commencement of Business;
- Memorandum and Articles of Association up-to-date (three copies), mentioning the date
- Prospectus or Statement in lieu of Prospectus
- Debenture Trust Deed, if any.
- Mortgages and other documents.
- Documents in respect of arrangements made with the Banks.
- x Three copies each of the audited Balance Sheets of the Company, Profit & Loss Accounts,
Directors’ Reports, and the Auditors Reports, explaining fully in respect of the items Criticized by the Auditors for the last five financial years of the company
- Proforma Balance Sheet of the Company up to the date of application duly certified by the Auditors or a responsible Officer of the Company, with a note of significant change in the financial position
- Resolution of the Board of Directors/Letters of Attorney from the individual Partners of the Partnership firm, authorizing an Officer/Partner to put in application to the Corporation, appointing some Directors/Partners to execute the legal documents in respect of loan/other financial assistance as and how sanction by the Andhra Pradesh Industrial Development Corporation Limited and also authorized some Officer/Partner of the applicant concern to draw the sanction amount from the Corporation.
Resolution of the General Body, Passed in terms of Section 293 of the Companies (Amendment) Act, 1960, empowering the Board of Directors of the applicant concern, in the case of the company, to borrow in excess of the paid-up capital and free reserves.
4. Please remit the “Investigation fees” and ‘Service Charges’ along with the application. The fees paid are not refundable irrespective of the eventual outcome of the Application.
5. Please fill in all the ‘Columns applicable’ and avoid answers such as Refer Project Report etc. to enable us for quick processing.
Ref. No. Dated.....................
To,
The Vice Chairman & Managing Director
Andhra Pradesh Industrial Development Corporation Ltd
Parisrama Bhavan
Basheerbagh
HYDERABAD-500 029.
Dear Sir,
Sub: Application for loan/other financial assistance.
We................................................................................................ a company registered under the Indian Companies Act, 1913/Companies Act, 1956 as amended under the Companies (Amendment) Act,1960, apply for financial assistance as detailed below:
1. Participation in Share Capital
Equity in (Rupees):
Preference in (Rupees):
Assistance requested as %age of total share capital:
2. Term Loan in (Rupees):
3. Any other assistance
(Please specify Rupees):
We submit the necessary particulars in the application attached hereto.
We enclose a cheque/Draft No................................. Date .........................................................
For Rs. ............................................. towards investigation fee of Rs.................................. and Service charge of Rs.....................................
Yours faithfully,
Name of the Applicant
Signature:
Name of the Company: ...........................
Project: .....................................................
|
|
|
