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    Format For Request Letter - AD Banker Appointment

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    Vamshi CA
    Format for Request letter- AD Banker appointment

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    Format For Request Letter - AD Banker Appointment

    Uploaded by

    Vamshi CA
    33 views2 pages
    Format for Request letter- AD Banker appointment

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    Format for Request letter- AD Banker appointment

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    Format for Request letter- AD Banker appointment

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    33 views2 pages

    Format For Request Letter - AD Banker Appointment

    Uploaded by

    Vamshi CA
    Format for Request letter- AD Banker appointment

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Annexure – Format for Request letter

    (On the letter head of Company and to be signed by Authorized Signatory(ies) as per Bank records)

    Date:

    RBL Bank Limited

    ……………………………

    ……………………………

    Dear Sir,

    Sub.: Appointment of Designated AD Bank for availing External Commercial Borrowing (ECB)
    under

    Automatic/Approval route (strike off any one) Our Account No …………….. With your
    Branch……………..

    With reference to above, we wish to appoint RBL Bank Limited as Designated AD Bank for
    availing ECB for (CCY & Amount)………………… under Automatic/Approval route
    from………………..(Name & country of the Lender).

    This is to confirm the following points for application of ECB:

    1. We are engaged in the business of …………………………………………………………………… and our


    National Industry Code as per 2008 Industry classification list is ……………………………..
    Further, regulation pertaining to ‘Eligible borrower’, ‘Recognized lender’, ‘Minimum
    Average Maturity of loan’ and ‘End use of loan proceeds’ etc. in respect of the said ECB
    arranged by us is in strict compliance to Notification No. FEMA 3R/2018-RB dated
    December 17, 2018, as amended from time to time; and Master Direction - External
    Commercial Borrowings, Trade Credits and Structured Obligations (Updated as on 08th
    August 2019)

    2. We are eligible to receive Foreign Direct Investment (FDI) basis our activity as per extant
    FDI policy announced by Govt. of India from time to time.

    3. We confirm that, all terms and conditions are to be complied as per extant FEMA
    guidelines till the settlement of ECB & further, adherence to all regulatory reporting
    including filing of monthly ECB-2 returns as prescribed will be strictly complied.

    4. We confirm that, in case of any changes in terms and conditions of the said ECB,
    including but not limited to, any change in lender, draw-down or repayment schedule,
    all in cost, average maturity period, amount, name of the borrower company or end-use
    of ECB proceeds, we will immediately submit revised Form-ECB along with supporting
    documents for due intimation to RBI. Further, we are aware that in case of any lapse in
    informing us about the said changes may lead to contravention of FEMA guidelines and
    invite appropriate action under the extant FEMA regulations.
    5. We hereby declare that the said drawdown, repayment & interest under ECB does not
    involve, and is not designed for the purpose of any contravention or evasion of the
    provisions of the aforesaid Act or of any rule, regulation, notification, direction or order
    made there under. We also hereby agree and undertake to give such
    information/documents as will reasonably satisfy you about this transaction in terms of
    the above declaration.

    6. We, confirm and undertake that the proceeds of the External commercial Borrowings
    (ECB) will be used for ………………………[Insert the end use]and which will be in
    accordance with the extant ECB Policy and applicable law from time to time.

    7. We confirm that lender is resident of FATF or IOSCO compliant country.

    8. We are aware about the guidelines issued by RBI for payment of late submission fees for
    delay in submission of Form ECB and ECB-2 returns.

    9. We would like to confirm that our company is not under investigation / adjudication /
    appeal by the law enforcing agencies for violation of any of the provisions of the
    Regulations under FEMA pending. [If yes, details needs to be provided separately.]

    We further declare that the undersigned has the authority to give this declaration and
    undertaking on behalf of the company.

    Thanking You,
    Yours Sincerely,

    Authorized Signatory

     Name:
     Designation:
     Email ID:
     Cell No:

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