Professional Documents
Culture Documents
Classification of charge:
Fixed charge :
Floating charge :
Pari passu charge
Second charge :
Pledge
Hypothecation
Mortgage
Lien
Assignment
Set-off
Documentation:
Document:
Document means any written record which serves as an evidence in
respect of a transaction.
Documentation:
Documentation is the execution of documents in right form & lawful
manner . Documentation forms a permanent record of the rights
responsibilities and obligations of the executants that the borrowers
and guarantors towards the lender (Bank).
Importance of document:
Drafting of documents
Filling of documents of printed nature
Execution of documents
Stamping & Checking of impersonation etc.
Obtaining additional papers, if necessary like affidavits, certificates, undertaking and
declaration etc.
Registration
Witnessing
Signature Verification
Recording of documents in the register & Preservation
Execution of documents:
Competency:
a.A party competent to make a contract must execute
the documents.
b.A minor, lunatic or insolvent shall not have the
capacity to execute the documents.
c.A Company, in execution of documents does not
over step the power given in memorandum. In this
case, a copy of resolution passed by the Board of
Directors of the company must be obtained and
carefully it should be examined.
Execution of documents:
Witnessing:
Some of the documents compulsorily required to be
witnessed such as mortgage deed, gift deed, Will etc.
At least two witnesses are required for witnessing
purpose.
Registration:
All documents need not require registration, but certain
documents such as Mortgage Deed, Registered Power
of Attorney etc. require registration.
Stamping
There are four types of stamps
1) Judicial stamp
2) Non-judicial stamp
3) Adhesive stamp / Special Adhesive Stamp &
4) Impressed/Embossed stamp
Checklist of Document
Sl.No
Description
General Documents
1
2
Checklist of Document
9
10
11
12
B
1
2
3
4
C
Letter of Acceptance
Personal Guarantee of all directors (In case of LTD Company)
Trade Licence
Charge Documents
Demand Promissory Note
Letter of Continuity (In case of Continues Advance)
Letter of Arrangements
Letter of Disbursements (In case of Loan)
Lien
1
D
Letter of Lien
Pledge of Deposits & S. Patra
3
4
Checklist of Document
Pledge of Shares
1
2
3
4
5
6
Pledge of Inventory
1
2
3
4
Letter of Pledge.
Letter of disclaimer (If third Party godown).
Insurance policy with bank's clause
Stock Report
Letter of Authority for engaging godown staff and also for Payment of
salary etc.
Checklist of Document
Hypothecation of Inventory.
1
2
3
List of Machinery.
Insurance Policy.
Mortgage
1
2
3
4
5
6
7
8
9
Checklist of Document
10
11
12
13
14
RJSC Form XVIII and receipt of filing with RJSC it property in the
name of LTD Company & RJSC Form XIX and receipt filing with
RJSC.
Income Tax clearance certificate as required for registration.
15
16
17
Checklist of Document
Guarantee
1
2
3
1
2
3
4
5
6
7
8
9
Department / Unit
Advance Officer
Branch Manager(Grade-II to IV
Advance In charge
Manager Adv. (Corp.-1 & 2
Name
Date
Signature
Thank You