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Gicici Bank: Discounting-Working
Gicici Bank: Discounting-Working
1. Namne
RCEngineering Enterprises
2. Constitution :Private Limited
3. Registered Addres 95, Chanravati Nagar, NH 33,Dimna Road, Jamshedpur,
Jharkhand -831018
4. Communication 95, Chanravati Nagar, NH 33, Dimna
Address Jharkhand 831018
Road, Jamshedpur,
III. DECLARATIONS:
1, on behalf of the Applicant confirm, agree and declare the following:
A. That Iwe amauthorized pursuant to valid and subsisting authorization
avail and accept the terms of this document(s) to
Facility for and on behalf of the Applicant.
B. That all the particulars and information and details
documents submitted are true, correct, complete and
given/filled in this Application Form and
the Applicant has not withheld
up-to date in all respects and that
any information whatsoever and shall furnish such
additional writings, documents as may be
required in connection with the financial
ICICI Bank Limited Regd. Office : ICICI Bank Tower, Near Chakli Circle,
Natraj Mansion, Main Road, Old Padra Road, Vadodara 390 007,
istupur, India.
Jamshedpur 831 001, Website www.icicibank.com Corp. Office: ICICI Bank Towers, Bandra-Kurla
Jharkhand, India. CIN :L65190GJ1994PLCO21012
Complex, Mumbai 400051, India.
ICICI Bank
assistance/s required by the Applicant. We understand that certain particulars given by
me/us are required in view of the guidelines governing banking companies.
C. No director or a relative/near relation (as specified by RBI) of a director of a banking
company (including ICICI Bank) or a relative/near rolation (as specified by RBI) of a senior
officer of ICICI Bank (as specified by RBI) is: The Applicants), or a partner of our concern,
or a trustee, member, director, employee of our concern, or of our subsidiary, or our
holding company, or a guarantor on my behalf, or holds substantial interest in our concern
or my subsidiary or holding company.
D. The Applicant authorizes ICICI Bank and all its group companios and their agents to
exchange, share or part with all the information and details relating to our existing loans/
financial assistances and/or repayment history to othor ICICI Bank group companies,
banks, financial institutions, credit bureaus, agencies, statutory bodios, information
utilities etc. as may be required or they may deem fit and shall not hold ICICI Bank (or any
of its group companies or its/their agents/representatives) liable for use/sharing of this
information.
E. The Applicant has no objection to ICICI Bank, its group companies, agents
representatives to provide me/us information on various products, offers and services
provided by ICICi Bank / its group companies through any mode (including without
limitation through telephone calls/ SMS/email) and authorize ICICI Bank, its group
companies, agents/ representatives for the above purpose.
The Applicant: (i) accepts that the RBl or credit bureau and any other agency so authorized,
any statutory, regulatory or supervisory authority, may use, process, disseminate the said
information and data disclosed by ICICI Bank in such manner as deemed fit by them in any
particular circumstances; and (i) shall not hold ICICI Bank at all responsible or liable in this
regard.
G. The Applicant understands and acknowledges that ICICI Bank shall have the absolute
discretion, without assigning any reasons (unless required by applicable law), to reject this
application and ICICI Bank shall not be responsible/liable in any manner whatsoever to
me/us for such rejection or any delay in notifying me/us of such rejection and any costs,
losses, damages or expenses, or other consequences, caused by reason of such rejection,
or any delay in notifying me/us of such rejection, of our application.
H. The Applicant undertakes to inform ICICI Bank regarding any changes whatsoever in the
registered office of the Applicant and to promptly provide such further information that
ICICl Bank for its designated group companies or agents or representatives may require.
The Applicant authorizes ICICI Bank to check references about them from any
bank/persons.
J. The Applicant hereby further confirms that, none of the directors of the borrowing entity
are also directors of subsidiaries of lICICI Bank or of scheduled co-operative banks or the
trustees of mutual funds/venture capital funds.
K. The Applicant hereby gives specific consent to ICICI Bank for submitting/disclosing the
financial information' as defined in Section 3(13) of the Insolvency and Bankruptoy Code,
2016 (including all amendments and replacements made thereto and all rules and
regulations framed thereunder), in respect of the Facility evailed by the Applicant, from
time to time, to Information Utlities as defined in Section 3(21) of the Insolvency and
Bankruptcy Code, 2016 (including all amendments and replacements made thereto and all
rules and regulations framed thereunder), and directions issued by RBI to the banks from
time to time and hereby specially agree to promptly authenticate and verify the 'financial
information' submitted by ICICI Bank, as and when requested by Information Utilities. The
ICICI Bank Limited Regd. Ottice : ICICI Bank Tower, Near Chakli Circlo,
Natraj Mansion, Main Roud, Old Padra Road, Vadodara 390 007,
Bistupur, India.
Jambhudpur 831 001, Wubsito www.iclciunk.com Corp. Office : ICICI Bank Towars, Bandra-Kurla
Jhai kliund, India. CIN L6b100GJ1904PLCO21012 Complex, Mumbai 400051, India.
GICICI Bank
Applicanthereby gives consent to ICICI Bank, to recover/set off any foos required to be
paid by ICICI Bank to the Information Utilities for aviling their sorvicos in relation to the
Facility from the disbursements made to the Applicant by ICICI Bank from time to time.
LThe Applicant herelby agrees that on the expiry of the validity poriod (provided in
Annexure-1) of the Facility, ICICI Bank may at its discretion renew the validity period for
such further period on such terms and conditions as it may deem fit.
M. The Applicant acknowledges and confirms that ICICI Bank may, from time to time,
communicate changes in terms and conditions applicable to the Facility to me/us and
continued use of the Facility by me/us shall constitute legel, valid and binding acceptance
of such revised terms and conditions.
N. we declare that: we am/are competent and fully authorized to issue such declaration,
confirmations, agreements and undertaking and submit this Application Form on behalf
of the Applicant and also accept the terms and conditions applicable to the Facility
(electronically or physically) for the purposes of borrowing/availing of the requested
facility, and to execute all other documents required by ICICI Bank for such purpose on
behalf of the Applicant; (i) all such letter(s) of authorities/ powerls) of attorney, if any,
executed by me/us in favour of any person/s and which is/are submitted to IClICI Bank on
behalf of the Applicant, is/are valid, subsisting and has/have not been revoked by the
Applicant.
O. The Applicant acknowledges and agrees that the grant of the Facility by ICICI Bank to
me/us shall be subject to compliance by Applicant of the applicable terms and conditions
set out under this Application Form, Annexures and as detailed and available on
www.icicibank.com (collectively, the "General Terms and Conditions"); All the terms and
conditions set out there in shall govern and apply to the Facility and all my/our obligations
(as well as ICICI Bank's rights and remedies) in relation thereto, if the Facility applied for
by me/us herein is sanctioned and granted by ICICI Bank based on my/our application.
P. The Applicant hereby agrees and confirms that any breach of the terms and conditions
stipulated hereinabove and the General Terms and Conditions, shall constitute an Event
of Default under the General Terms and Conditions.
ICICI Bank Limited Regd. Office : ICICI Bank Tower, Near Chakli Circle,
Natraj Mansion, Main Roud, Old Padra Road, Vadodara 390 007,
Bistupur, India.
Jamshedpur 831 001, Website www.icicilbank.com Corp. Office ICICI Bank Towers, Bandra-Kurla
Jharkhand, India. CIN L65190GJ 1994PLCO21012 Complex, Mumbai 400051, India.
G1CICI Bank
ANNEXURE-I
FACILITY DETAILS
|Facility Invoice Discounting Facility
Validity Period
andservicessupplied to the Corporate.
December 21th, 2022
ICICI Bank shall have the right to modify the reset frequency and
resetdate from time to time in accordance with the extant RBI
ICICI Bank Limited Regd. Office : ICICI Bank Tower, Near Chakli Circle,
Natraj Mansion, Main Road, Old Padra Road, Vadodara 390 007,
Bistupur, India.
Jamshedpur 831 001, Website www.icicibank.com Corp. Office: ICICI Bank Towers, Bandra-Kurla
Jharkhand, India. CIN :L65190GJ1994PLC021012
Complex, Mumbai 400051, India.
ICICI Bank
Guidelines. The Applicant further acknowledges that Interest
Rate may change, upward or downwards, as the case may be,
in line with change in the Repo Rate.
ICICI Bank reserves the right to reset the Spread at any time
upon substantial change in the Applicant's credit assessment
and/ or on account of deterioration in the credit risk profile. Any
change in 'Spread' would be communicated by ICICI Bank
through either: (i) Letter (i) E-Mail (ii) SMS (iv) Statements of
Accounts (v) WhatsApp or any other suitable mode.
Additional Interest Rates Overdue interest will be charged@2% p.a. over applicable
proposed pricing on overdue days till the time the
outstanding Facility is repaid.
Commission
Overdue interest will be payableby the Vendor.
1. Processing Fees/Charges: NA
ICICI Bank Limited Regd. Office : ICICI Bank Tower, Near Chakli Circle,
Natraj Mansion, Main Road, Old Padra Road, Vadodara 390 007,
Bistupur, India.
Jamshedpur 831 001, Website www.icicibank.com Corp. Office ICICI Bank Towers, Bandra-Kurla
Jharkhand, India. CIN :L65190GJ1994PLC021012
Complex, Mumbai 400051, India.
ICICI Bank
portal. Two level of authorisation would be setup in Branch
Login. Sample checking activity will not to be performed
when branch is verifying the invoices.
ICICI Bank Limited Regd. Office :ICICI Bank Tower, Near Chakli Circle,
Natraj Mansion, Main Road, Old Padra Road, Vadodara 390 007,
Bistupur, India.
Jamshedpur 831 001, Website www.icicibank.com
Jharkhand, India. Corp. Office ICICI Bank Towers, Bandra-Kurla
CIN:L65190GJ1994PLC021012 Complex, Mumbai 400051, India.
ICICI Bank
any invoice is overdue/due on that day, that invoice to be
settled first rather than the invoice which is not discounted in
FSCM. If any balance is left post payment of overdue
invoice/invoice falling due on that day, then the non-
discounted invoice to be paid to vendor to the tune of
available amount.
Other Conditions Invoices which are more than 60 days old shall not be
considered for the facility.
ICICI Bank Limited Regd. Office :ICICI Bank Tower, Near Chakli Circle,
Natraj Mansion, Main Road, Old Padra Road, Vadodara 390 007,
Bistupur, India.
Jamshedpur 831 001, Website www.icicibank.com Corp. Office: ICICI Bank Towers, Bandra-Kurla
Jharkhand, India. CIN:L661906J1994PLCo21012 Complex, Mumbai 400051, India
ICICI Bank
The Vendor undertakes and confirms that all
information shared by the vendor is true, valid, correct
and has not been altered in any manner whatsoever,
further the Vendor shall upload only accepted invoices
on FSCM for the Bank to verify against the ones
uploaded on the vendor portal
ICICI Bank Limited Regd. Office : ICICI Bank Tower, Near Chakli Circle,
Natraj Mansion, Main Road, Old Padra Road, Vadodara 390 007,
Bistupur, India.
Jamshedpur 831 001, Website www.icicibank.com Corp. Office: ICICI Bank Towers, Bendra-Kurla
Jharkhand, India. CIN :L65190GJ1994PLC021012 Complex, Mumbai 400051, India.