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Form Of Agreement Negotiable Instruments Act 1331

Category : Negotiable Instruments Act

Form of Agreement security time advance deliver transfer Form of Agreement To be stamped as an agreement under Article 5 c of Schedule I to the Indian Stamp Act see section 23 a of the Stamp Act Place Date To The Reserve Bank of India Dear Sir In consideration of your agreeing to make from time to time under section 17 4 a of the Reserve Bank of India Act advances in your discretion but not in any event exceeding the sum exclusive of interest of Rs for which amount we have delivered to you a demand promissory note in your favour carrying interest at the rate hereinafter mentioned which advances shall be repayable on demand and shall be made upon the security by way of pledge charge mortgage or otherwise of securities other than immovable property in which a trustee is authorised to invest trust money we agree as follows The balance of the said advance at any time outstanding ...