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consortium document

Postby balusatya » Fri Jun 19, 2009 11:17 pm

*Bank audit-document verification of consortium accounts.
*Is modification of charge necessary to be filed for change in the ROI consequent on change in the BPLR/PLR(Benchmark prime lending rate) from time to time?
*The type of authorisation if any, required for the representing officials/managers of the participating members of the consortium for executing joint consortium agreement on behalf of the bank to which they represent?-
*Are fresh documents necessary for renewal of working capital limits @the existing level by all the members of the consortium?
*Is there any witness necessary for executing consortium documents-Hypothecation agreement?
balusatya
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Re: consortium document

Postby atulchadha » Sat Jul 04, 2009 12:49 am

Dear

Modification of charge is necessary to be filed for change if any in ROI on consequence of change in BPLR/ PLR.
of course, witness are required for executing Hypothecation agreement.
atulchadha
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