Category: Negotiable Instruments Act
Joint Promissory Note by DrawersOn Demand, We (1) (2) (3) hereby jointlyand severally promise to pay to Mr or order the sum of Rs . . with interest thereon the rate of Rs per cent per annum isconsideration of full value received.Dated this day of Sd Sd Sd Promissory note in favour of Joint promiseesOn Demand We (1) .... (2) .... Jointly and severally promise to pay (1) ... (2) .... (3) .... or order jointly and severally the sum of Rs. with interest thereon at the rate of Rs per cent with quarterlyrests, in consideration of full value received.Dated this day of&nb...
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Joint Promissory Note Payable After Date or SightJoint Promissory Note Payable After Date or SightRs DateThree months after date {or, after sight), we jointly and severally promiseto pay to AB {or, to AB or order) the sum of Rupees (Rs )only, with interest at the rate of 18 per cent per annum from the date hereof until payment, for value received.EFCD {Debtors)...
View on Google DocsCategory: Negotiable Instruments Act
Joint Promissory Note Payable in InstalmentsJoint Promissory Note Payable in InstalmentsRs DateWe jointly and severally promise to pay to AB (or, to AB or order) the sum of Rupees (Rs ) only (for value received), by instalments of Rs per month with interest on each instalment at 18 per cent per annum from the date hereof until payment, the first instalment with interest thereon to be paid on the ......... day of......... next, and each succeeding instalment with interest thereon to be paid on the.........day of each following month at.........................., until the whole of the said sum of Rs..........be repaid; any one instalment being in arrear for seven days, the balance of the said sum of Rs..........remaining owing shall become immediately payable, with interest thereon until payment. EF &nb...
View on Google DocsCategory: Negotiable Instruments Act
Joint Promissory Note Payable on DemandJoint Promissory Note Payable on DemandRs DateOn demand (or, at sight, or, on presentment), we jointly and severallypromise to pay to AB {or, to AB or order), at Delhi, the sum of Rupees (Rs ) only, with interest at the rate of 18 per cent per annum untilpayment, for value received.EFCE {Debtor)...
View on Google DocsCategory: Negotiable Instruments Act
Letter of Credit (Foreign)L/c No. Rs. To.London Dear Sir,You fire hereby authorised to draw on us bills of exchange or drafts at6 months' sight for a sum not exceeding Rs towards the aggregateamount payable to you by our customer Mr In respect of the shipmentof consignment No of sold and to be exported by you to .. . . our said customer. We undertake to duly honour such bills of exchange/drafts on presentation by you or through your bankers duly discounted in their favour.The bills of exchange/drafts should be accompanied by the relevant bill of lading in respect of the consignment duly endorsed and shipping invoice, particulars of insurance policy and the documents relating to the said shipment.The bills or drafts must specify that they are drawn under this credit number. . . date ....Yours faithfullyFor Bank of .... Bombay,Manag...
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Letter of Guarantee by DirectorsTo,The Manager,Bank of...Branch office Sir.Your bank has advanced the loan of Rs to M/s. ADC Co. Pvt. Ltd.(or has granted cash credit facility] to the extent to Rs and of whichcompany we the undersigned persons are Directors.In consideration of your granting the said loan/cash credit facility, to the said company we the undersigned in our personal capacity, jointly and severally guarantee the repayment of the said loan amount (or amount due and payable at the foot of cash credit account at the date of demand by you] with interest thereon as agreed by said company and agree to pay the same on demand, in the event of the company making default in payment thereof as and when demanded by you.■Dated this .... day of Sd/ Sd/ Sd /...
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Letter of lien for cash credit facilityTo,The Manager, Bank Branch.Sir,We, the undersigned .... of the firm of M/s have to state as underYou have opened a cash credit account with you being account No with a maximum limit of Rs and we are operating the said account andwithdrawing and crediting amounts therein whenever required and possible.We have also a current/ saving account with you being account No and we are operating the same.We have also some amount deposited with you under fixed depositreceipt being FDR No dated ....We have to state and agree that in consideration of your granting uscash credit facility to the extent of Rs we hereby create a lien in yourfavour on the amount standing to the credit to ...
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Notice for Business OutstandingNotice for Business OutstandingRegistered A.D./UPC/Hand deliveryTo……………………….……………………….……………………….Dear Sir,On behalf of our clients ………………………… having their address at………………………. We have to address you as under :1. That from last several years you having a number of business transactions with our clients and in connection thereof, our clients have been maintaining an account in respect of said transaction had with you.2. That our clients books of account Rs……………. is due and payable by you and towards the part payment you have issued cheque for Rs…………..……….. dat...
View on Google DocsCategory: Negotiable Instruments Act
Notice on behalf of a Banking CompanyNotice on behalf of a Banking CompanyRegistered A/D.To,………………………………………………………………………………Dear Sir,On behalf our clients…………………….. Bank, a Bank constituted and functioning under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, having its Head Office at…………………. and amongst other branches, a Branch Office at……………….. we have to address you as under :1. That our clients sanctioned and granted to you a term loan of Rs……………. and you agreed to repaid the said loan in monthly instalment of Rs…………. and the 1st instalment to ...
View on Google DocsCategory: Negotiable Instruments Act
Notice on behalf of a Leasing CompanyNotice on behalf of a Leasing CompanyRegistered A.D./UPC/Hand deliveryTo………………………………………………………………………Dear Sir,Re : ………………………On behalf of our clients, ………..……………………… having there office at………………….. we have to address as under : 1. You entered into a Lease Finance Agreement with my clients on …………………. and agreed to pay Rs………………. and acknowledged the said debt in terms and conditions of the said Agreement2. That you agreed to pay at the rate of Rs……………&...
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