CHECKLISTS

Application stage:
Loan Application Part - A (Common for All)

LOAN APPLICATION – PART B: SPECIFIC SECTORS

LOAN APPLICATION PART C :

1. Format of Board Resolution to Undertake the Project

2. Statutory Auditor Certificate for Eligibility Conditions
3. Net worth Certificate of Individual Guarantor
4. Particulars of Existing Debentures and Long Term Secured Loans
5. Form of Letter Addressed to The Banker of The Applicant
Concern/Promoter, Director, To Be Forwarded to The Bank
6. Format for Authorised Dealing Officials (On the Letter Head of The
Company)
7. Certificate by Statutory Auditors of The Applicant Company on
The Letterhead
8. KYC Part-A
9. KYC Part-B
10.KYC Part-C
11.Format for Biodata of Directors

Pre-Execution:
1. Specimen of Draft Resolutions to Be Passed by The Board of
Assisted Concerns Approving the Sanction Terms and Authorising
Execution of Documents.
2. Specimen of Draft Resolutions to Be Passed by The Board of
Assisted Concerns Approving the Sanction Terms and Authorising
Execution of Documents. [When Bank Guarantee Is A Security]
3. CERTIFICATE REGARDING BORROWING LIMITS OF BOARD
OF DIRECTORS OF BORROWING COMPANY TO BE GIVEN BY
THE STATUTORY AUDITORS OF THE COMPANY UNDER
SECTION 180 (1) (c) OF COMPANIES ACT 2013
4. DRAFT OF RESOLUTION TO BE PASSED BY COMPANY AT ITS
GENERAL MEETING IN PURSUANCE OF SECTION 180 (1) (c)
OF COMPANIES ACT, 2013
5. LETTER OF NO SET-OFF / NO LIEN [ On bank’s letterhead]
6. RESOLUTION TO BE PASSED BY THE BOARD OF
GUARANTOR COMPANY FOR GIVING CORPORATE
GUARANTEE
 7. FORMAT OF CERTIFICATE UNDER SECTION 281(1)(ii) OF THE
INCOME-TAX ACT, 1961
8. DRAFT OF CERTIFICATE TO BE GIVEN BY THE STATUTORY
AUDITORS OF THE GUARANTOR COMPANY WITH REGARD
TO COMPLIANCE OF PROVISIONS OF SECTION 186 OF THE
COMPANIES ACT, 2013
9. DRAFT OF ORDINARY RESOLUTION TO BE PASSED BY
COMPANY AT GENERAL MEETING U/S 180 (1) (a) OF
COMPANIES ACT, 2013
10.FORMAT OF SPECIAL RESOLUTION TO BE PASSED BY
SHAREHOLDERS OF GUARANTOR COMPANY

Primary Documents and Post Execution:

1. Loan Agreement
2. Loan Agreement – (Bank Guarantee)
3. General Conditions Forming Part of The Loan Agreement Dated
_______________, 2005 Entered into Between M/S. ________
Borrower) And Indian Renewable Energy Development Agency
Ltd. (IREDA)
4. General Declarations & Undertakings
5. NACH Mandates
6. Undertaking from Director for no Litigation

Security:
MORTGAGE

1. Draft Resolution for Creation of Mortgage of Immovable Properties

in Favour or Ireda
2. Copies of Property Papers
3. TITLE INVESTIGATION: (Title Report by Advocates)
4. Noc From Existing Lenders or Noc From Consortium Banker in
Case of Consortium
5. Copy of Plan
6. Map for Land
7. Project Site
8. Registration of Charge with Roc for Company Registered Under
Companies Act - Filing of Form No.8 (For Modification of Charge -
After Mortgage)
9. Registration of Charge with Roc for Company Registered Under
Companies Act - Filing of Form No.13 (For Modification of Charge
- After Mortgage)
10.Income tax Clearance Certificate U/S 281 Giving Noc
11.Insurance Policy on Immovable Assets
Disbursement :
1. Checklist for Disbursement
2. Signing of Loan Agreement
3. Execution of Personal Guarantees and Completion of Securities
as Stipulated
4. An Authenticated Copy of Permission of State Government or
Other Government Departments Including State Electricity Board,
If Any, Required, For Implementation of Project.
5. Request for Disbursement
6. Item wise Plan of Utilization of Funds
7. Statutory Auditor Certificate
8. Statutory Auditor Certificate 2
9. Certification from Company for Withdrawal from No Lien A/C Etc
10.Certification from Company for Physical Progress of Project
11.Certification from Company for Package-Wise Details
12.Proforma For Project Inspection
13.Proforma for Fund Requirement Projections
14.Proforma for Project Implementation Schedule