Investment Risk Management Division (IRMD)

Head Office, Dhaka

Ref : SIBL/HO/RMD/2018/2602
Date : 07.06.2018

The EVP & Manager

Social Islami Bank Limited
Principal Branch, Dhaka

Subject: Request for submission of required information/documents for processing the proposal for:
a) Renewal of composite Investment limit of Tk.15400.00 Lac [LC (Sight)-Tk.5200.00 Lac with inner TR-Tk.(3500.00)
Lac + Baim (com)-Tk.2700.00 Lac + HPSM-Tk.7500.00 Lac] for 01(one) year on revolving basis i.e. up to 31.05.2019
b) Approval for Issuing a “No objection Certificate” (NOC) regarding the changing of directorship
c) Reduction of Profit rate from 13.00% to 12.00% p.a. for all funded facilities A/C: Runner Motors Limited.

Muhtaram,
Assalamu Alaikum Wa Rahmatullah.

With reference to your proposal ref: SIBL/PB/INV/2018/6069 dated 30.05.2018 on the above subject we would request you to
submit the following papers/documents for processing the proposal:
i) Manager’s Certificate regarding position, possession, demarcation, access to mortgaged property and genuineness of
the documents through checking respective Sub Registry Office and Tohasil Office as well as displaying Bank’s signboard
on the mortgaged property as per Head Office circular ref: SIBL/HO/IRMD/2011/584 dated 20.02.2011 & ref:
SIBL/HO/IRMD/2013/3751 dated 23.09.2013
ii) Documentation Certificate regarding completion of all documentation formalities/status of present documentation.
iii) In the Bank Company Act, 1991 Section “২৭ক৷ আপাততঃ বলবত্ অন্য কোন আইনে যাহা কিছু ই থাকুক না কেন, ঋণদাতা ব্যাংক বা
আর্থিক প্রতিষ্ঠানের ২[ ঋণ বা বিনিয়োগ অনুমোদনকারী কর্তৃ পক্ষের একস্তর উর্দ্ধ তন কর্তৃ পক্ষের অনুমোদন] ব্যতীত কোন দেনাদার কোম্পানীর কোন
পরিচালকের পদত্যাগ কার্যকর হইবে না এবং কোন পরিচালক তাঁ হার শেয়ার হস্তান্তর বা বিক্রয় করিতে পারিবেন না৷”. But as per submitted
Form-XII & Schedule-X, it is observed that the client has already changed the directorship and Shareholding of the
Company with RJSC on 17.11.2015 without obtaining NOC from our Bank. In this regard please clarify issue how the
company has changed the directorship and shareholding position of the Company without obtaining NOC of our Bank.
iv) Please confirm us that our Bank Interest will not be hampered if we issue NOC after the changing of the directorship
and shareholding position of the Company instead of issuing of NOC before changing.
v) Brief Resume, Net North Statement, Up to date Tax Clearance Certificate and Personal Clean CIB Report for all
incoming directors of the Company.
vi) Information regarding change of directorship of the company as per following format:
Existing Proposed
Name: % of No. of Position New Name: % of No. of Position Net
Age: share Shares Worth Age: share Shares Worth
Father’s name: Father’s name:
Mothers’ name: Mothers’ name:
Address: Address:
vii) As per our approval as well as Branch Proposal total number of Shares of the Company was 13725, but as per latest
Schedule X submitted by the Branch total number of shares of the company is 90,00,000 . Please convey us the reasons
for changing of number of shares of the company with supporting documents.
viii) Copy of Board Resolution from the client regarding renewal of composite investment limit, change of Directorship
(Resignation and new appointment ) as well as Shareholding position of the Company as well as to Issue NOC for
directorship of the Company from our Bank.
 Investment Risk Management Division (IRMD)
Head Office, Dhaka
ix) Share Transfer Form-117, Resignation Letter of outgoing Director duly verified and reasons for change of Directorship as
well as shareholding position of the company.
x) CIB Report dated 05.06.2018 shows an objection of Director List Differ. In this regard please take immediate
steps to obtain clean CIB Report of the client.
xi) Stock Report duly verified by the Branch Officials and countersigned by the Manager against LC & TR liability.
xii) Statement of Total value with number of the Hypothecated Vehicles (under joint registration with BRTA) against our HPSM
Investment facility duly verified by the Branch Officials and countersigned by the Branch Manager
xiii) Branch justification regarding reduction of profit/rent rate against all funded facilities considering the present market
scenario.
xiv) As per Head Office circular No. SIBL/HO/IRMD/2013/3767 dated: 25.09.2013, the proposal must be send to Head office
for renewal at least 02(two) months before it’s expiry. The issue was reminded vide Head Office letter ref:
SIBL/HO/IRMD/2017/6418 dated: 13.12.2017. You have forwarded renewal proposal (Limit expiry date 31.05.2018) of the
subject noted client to Head Office on 31.05.2018. Please convey us the reasons for delay of sending renewal proposal and
violation of the Head Office Instruction.

Please provide us the above noted information/documents to us at the earliest for further processing the proposal. Your
proposal will be kept pending to our end at your risk and responsibility until obtaining satisfactory replay from your end.

Ma-assalam.
Sincerely yours,
Sd/- Sd/-

(Sumon Mia) (A M Saleh Uddin Kutubi)

Senior Executive Officer Vice President