Format of undertaking to be obtained from the Company

The Relationship Manger

State Bank of India
Industrial Finance Branch

Madam/Dear Sir,

Companies (Restrictions on number of layers) Rules 2017: Restriction of

number of Layers of subsidiaries

We hereby declare and Confirm that

(a) We have ------no. of subsidiary/ies and we are fully aware and in compliance with
the Companies (Restrictions on number of layers) Rules 2017 (including any
amendments or substitutions thereto).

or

(b) We have more than two layers of subsidiaries. They are in existence before the
commencement of the Companies (Restrictions on number of layers) Rules 2017
notified vide gazette notification no. GSR1176CE dated 20/09/2017.We confirm
having filed the return required as per notification with Registrar of Companies in
Form CRL-1 disclosing the details. We further confirm that we are in compliance with
the above referred Rules.

2. We undertake to inform you of any change in the above-mentioned status of the

subsidiaries at the earliest.

Yours Faithfully

Signature by Authorised signatory with Seal