APPLICATION FOR PERMISSION TO MORTGAGE

LEASE HOLD PLOT & SENDING OF

ORIGINAL/SUPPLEMENTARY LEASE DEED TO BANK

Plot No._____________ Phase ________ Focal Point________

Name of the applicant_________________________________

Father’s / Husband’s Name ____________________________

Address: _______________________________________

Mobile No._______________________________________

E-mail ____________________________________________

PUNJAB SMALL INDUSTRIES & EXPORT

COPN.LTDUDYOG BHAWAN, SECTOR 17, CHANDIGARH
PERMISSION TO MORTGAGE(LEASE HOLD)

Check List for obtaining permission to mortgage as 1st Charge and sending of
lease deed to financial institution/bank and Permission to mortgage is allowed
to the allottee of Corporation for availing credit facilities from concerned
financial institution/bank for setting up/running unit on the allotted plot only.

i) Application Form for obtaining permission to mortgage and sending of

lease deed to concerned financial institution/bank against 1st charge
ii) Self attested copy of latest No due certificate/Plot is fully paid including
enhanced land cost if any and payment of upto date extension fee or
submission of proof of production issued by GM(DIC) as applicable alongwith
Indemnity bond as per prescribed format and lease deed stand executed.
iii) Request letter from concerned bank/financial institution addressed to
PSIEC seeking permission to mortgage the plot as 1st Charge and sending
of lease deed to their institution alongwith following undertaking:-
a. Lease deed under no circumstances would be handed over by bank /
Financial Institution to the allottee.

b. Bank would directly return the lease deed to PSIEC on liquidation of

credit facilities or at any time temporarily as & when demanded by
PSIEC.
 APPLICATION FORM OF ALLOTTEE

FOR OBTAINING PREMISSION TO MORTGAGE AS FIRST CHARGE

To

The Managing Director

PSIEC Ltd. 18, Himalya Marg
Udyog Bhawan
Sector 17-A, Chandigarh

Subject: Permission to Mortgage Industrial Plot/Shed No.____________,

Phase_____________ Focal Point/Growth Centre___________________.

Sir/Madam,

I/we are the owner(s) of the plot/shed as mentioned above and wish to
seek permission to mortgage the same in favor of __________________________
(Name of Bank). All the requisites documents are enclosed. It is further declared that
I/we are legally empowered to mortgage the above said property, which is free from any
mortgage. The plot is fully paid up and nothing is outstanding against the above plot.
I/we shall abide by all other conditions imposed in the said permission along with the
terms and conditions of allotment letter. It is further certified that neither there is any
litigation pending in any court of law nor any injunction issued by any court of law
restraining the transfer/sale/mortgagee of the said property. I/we do hereby certify that
the above information is true and correct and nothing has been mis-stated or concealed
therein.

It is requested that our original lease deed/supplementary lease deed may

be sent to ___________________________ (name of the bank with address) and
necessary permission to mortgage of the aforesaid property may be given to me/us.

Date:_________________ Signature _____________________

 (Name & Address of Owner (s)
(Consent to be given by the Bank/Financial Institution from which loan is being
raised)
To

The Managing Director

PSIEC Ltd.
18, Himalya Marg
Udyog Bhawan
Sector 17-A
Chandigarh
Subject: Permission to Mortgage Industrial Plot/Shed No.____________,
Phase_____________ Focal Point/Growth Centre___________________.

Sh./Smt./M/s____________________________________________ R/o
_________________________________________________ has applied for loan
against plot/shed No._______________ Phase______________, Focal
Point/Growth Centre _______________________ for availing credit facilities from
__________________________________ ( Name of Bank/Financer) . We have
agreed to sanction/release loan/credit facilities to the applicant for setting up/run
unit on the allotted plot only against 1st charge. You are requested to send the
original lease deed/supplementary lease deed to us and we hereby undertake as
under:

a. Lease deed under no circumstances would be handed over by bank /

Financial Institution to the allottee.

b. Bank would directly return lease deed to PSIEC on liquidation of credit

facilities or at any time temporarily as & when demanded by PSIEC.

( Authorized Signatory)
Name of the Bank/ Financial Institution
 APPLICATION FOR PERMISSION TO MORTGAGE
LEASE/FREE HOLD PLOT AS A 3RD PARTY

Plot No._____________ Phase ________ Focal Point________

Name of the applicant_________________________________

Father’s / Husband’s Name ____________________________

Address: _______________________________________

Mobile No._______________________________________

E-mail ____________________________________________

PUNJAB SMALL INDUSTRIES & EXPORT

COPN.LTDUDYOG BHAWAN, SECTOR 17, CHANDIGARH
PERMISSION TO MORTGAGE(LEASE HOLD)

Check List for obtaining permission to mortgage as 1st Charge and sending of
lease deed to financial institution/bank in favour of 3rd party /entity.

i) Application Form for obtaining permission to mortgage and sending of

lease deed to concerned financial institution/bank against 1st charge in
favour of 3rd party/entity and an affidavit to pay any dues whatsoever
becoming due in future on account of cost enhancement and other
charges against the plot and the allottee has an interest in shape of
being a proprietor/partner/shareholder of the 3rd party or 3rd party
happens to be family member(s) of the allottee i.e spouse, children,
parents, brothers and sisters..
ii) Self attested copy of latest NDC /Plot is fully paid including enhanced
land cost if any & Payment of upto date extension fee and lease deed
stand executed.
iii) Request letter from concerned bank/financial institution addressed to
PSIEC seeking permission to mortgage as 1st Charge and sending of lease
deed to their institution for availing credit facilities by __________.
The bank is required to give following undertaking:-

a. Lease deed under no circumstances would be handed over by bank

/ Financial Institution to the allottee.

b. Bank would directly return the lease deed to PSIEC on liquidation

of credit facilities or at any time temporarily as & when demanded by
PSIEC.
 APPLICATION FORM OF ALLOTTEE FOR OBTAINING PERMISSION TO
MORTGAGE AS FIRST CHARGE IN FAVOUR OF 3RD PARTY

To

The Managing Director

PSIEC Ltd.
18, Himalya Marg
Udyog Bhawan
Sector 17-A, Chandigarh

Subject: Permission to Mortgage in favour of 3rd party of Industrial Plot/Shed

No.____________, Phase_____________ Focal Point/Growth
Centre___________________.

Sir/Madam,

I/we are the owner(s) of the plot/shed as mentioned above and wish to
seek permission to mortgage the same in favor of __________________________
(Name of Bank). All the requisites documents are enclosed. It is further declared that
I/we are legally empowered to mortgage the above said property. The plot is fully paid
up and nothing is outstanding against the above plot. I/we shall abide by all other
conditions imposed in the said permission along with the terms and conditions of
allotment letter. It is further certified that neither there is any litigation pending in any
court of law nor any injunction issued by any court of law restraining the
transfer/sale/mortgagee of the said property. I/we do hereby certify that the above
information is true and correct and nothing has been mis-stated or concealed therein. It
is certified that allottee has interest in the 3rd party i.e. M/s __________________ being
_______________. A certificate to this effect is enclosed.

It is requested that our original lease deed/supplementary lease deed may

be sent to ___________________________ (name of the bank with address) and
necessary permission to mortgage the aforesaid property in favour of
M/s__________________ as 3rd party /entity may be given.

Date:_________________ Signature _____________________

(Name & Address of Owner (s)
 Affidavit( From allottee) for obtaining 3rd party mortgage
(On Rs. 15/- Stamp Paper to be executed by allottee including all partners in case
of Firm or authorised signatory Director in case of Company and attested by
NOTRY PUBLIC).

I _______ S/o Sh ______ aged ___ Resident of _______, Prop/Partner of M/s _______
do hereby solemnly affirm and declare as under:-
1. That industrial plot No____ Ph____ Focal Point, _______ was allotted to M/s
______ vide allotment letter No ___ Dt _____ on the terms and conditions
contained therein.
2. That the deponent is a sole prop of the above said firm
OR

That the deponent is a prop /partner/Share holder in the above said firm
holding ___% share in the partnership/company
3. That the upto date full dues against the above said plot have since been paid to
PSIEC.
4. That Sh _____ S/o Sh _______ (Prop/partner/shareholder) of M/s _______ is a
family member (s) i.e. _____ (spouse/son/daughter/brother/sister) of the
deponent who intends to raise credit facilities from _________
OR
That the deponents are prop/partner/shareholder of M/s ________ and
intend to raise credit facilities from ________
5. That the deponent undertakes to pay all the dues what so ever that may become
recoverable in future on account of cost enhancement or otherwise in respect of
plot No ____ Ph- Focal Point, _______
6. That in case the deponent fails to clear the dues within the stipulated period,
the permission for mortgage of the said plot granted in favor of M/s ______
shall be deemed to have been withdrawal/cancelled/terminated for all intents
and purposes without any further notice whatsoever and the corporation shall
be free to pro0ceed further against the deponent in accordance with law
Deponent
Verification

Verified that the above contents of this affidavit are true and correct to the best of my
knowledge and belief and nothing has been concealed therein and no part of it is false

Deponent
(Consent to be given by the Bank/Financial Institution from which loan is being
raised in case of 3rd party mortgage)
To

The Managing Director,

PSIEC Ltd.
18, Himalya Marg
Udyog Bhawan
Sector 17-A, Chandigarh

Subject: Permission to Mortgage Industrial Plot/Shed No.____________,

Phase_____________ Focal Point/Growth Centre___________________.

Sh./Smt./M/s____________________________________________ R/o
_________________________________________________ has applied for loan
against plot/shed No._______________ Phase______________, Focal
Point/Growth Centre _______________________ for availing credit facilities from
__________________________________ ( Name of Bank/Financer) in favour of
M/s __________ being 3rd party . We have agreed to sanction/release loan/credit
facilities to the applicant against 1st charge of above property. You are requested
to send the original lease deed/supplementary lease deed to us and we hereby
undertake as under:

a. Lease deed under no circumstances would be handed over by bank /

Financial Institution to the allottee.

b. Bank would directly return lease deed to PSIEC on liquidation of

credit facilities or at any time temporarily as & when demanded by
PSIEC.

( Authorized Signatory)
Name of the Bank/ Financial Institution
 APPLICATION FOR PERMISSION TO MORTGAGE
FREE HOLD PLOT

Plot No._____________ Phase ________ Focal Point________

Name of the applicant_________________________________

Father’s / Husband’s Name ____________________________

Address: _______________________________________

Mobile No._______________________________________

E-mail ____________________________________________

PUNJAB SMALL INDUSTRIES & EXPORT

COPN.LTDUDYOG BHAWAN, SECTOR 17, CHANDIGARH
PERMISSION TO MORTGAGE(Free HOLD)

Check List for obtaining permission to mortgage of free hold industrial plots in
favour of financial institution/bank

1. Application Form for obtaining permission to mortgage in favour of

financial institution/bank against 1st charge
2. Self attested copy of latest NDC /Plot is fully paid including enhanced land
cost if any & Payment of upto date extension fee.
3. Permission to mortgage is allowed in favour of financial institution /bank to the
allottee of Corporation for availing credit facilities for setting up/running unit on
the allotted plot only.
4. Request letter from concerned financial institution/bank addressed to
PSIEC for obtaining permission to mortgage.
5. Conveyance deed stands executed and got registered.

APPLICATION FORM FOR

 OBTAINING PERMISSION TO MORTGAGE OF FREEHOLD PLOT

To

The Managing Director

PSIEC Ltd.
18, Himalya Marg
Udyog Bhawan
Sector 17-A
Chandigarh

Subject: Permission for NOC to Mortgage Industrial/residential Plot/Shed

No.____________, Phase_____________ Focal Point/Growth
Centre___________________.

Sir/Madam,

I/we are the owner(s) of the plot/shed as mentioned above and wish to
seek permission to mortgage the same in favor of __________________________
(Name of Bank). All the requisites documents are enclosed. It is further declared that
I/we are legally empowered to mortgage the above said property, which is free from any
mortgage. The plot is fully paid up and nothing is outstanding against the above plot.
I/we shall abide by all other conditions imposed in the said permission along with the
terms and conditions of allotment letter. It is further certified that neither there is any
litigation pending in any court of law nor any injunction issued by any court of law
restraining the transfer/sale/mortgagee of the said property. I/we do hereby certify that
the above information is true and correct and nothing has been mis-stated or concealed
therein.

It is requested that necessary permission for NOC to mortgage the

aforesaid property may be given to me/us.

Date:_________________ Signature _____________________

(Name & Address of Owner (s)

(On non-judicial stamp papers of Rs.15/- to be attested from NOTARY PUBLIC)

 INDEMNITY BOND

This indemnity bond is executed at ______________________on this ________ _ day of

______________________________by Sh./Smt. _______ ______________________ S/o.D/o.W/o.
_________________________ _Sh._______________________________ Aged _____________resident of
_______________________________________________________

Whereas the executant has submitted a copy of the PMT certificate No. ___________/ letter
NO._________ dated________ issued by the GM, DIC,________ showing the commencement of production on the
Plot No.________________in phase _____________________ measuring ______________ Sq.Yd., Focal
Point_________________________________ allotted/ transferred in his/ her/ their favour by PSIEC vide letter
No.____________ dated___________

And whereas the PSIEC, Chandigarh has asked the executant to furnish indemnity bond confirming
the date of commencement of production shown in the PMT certificate submitted by him/ them.
Now this indemnity bond witnessth as under:-

1. That I/WE, am/are the allottee of Plot No.__________________Phase__________Measuring _______Sq. Yds.

In the Industrial Focal Point___________________ allotted to me by the Punjab Small Industries & Export
Corporation Ltd., Chandigarh vide allotment/transfer letter No.__________________________Dated
______________ _____

2. That as per clause No._____ of the terms & Conditions of allotment, I/ we____ was/ were required to bring the
unit under production on the allotted plot No.______ Phase____ Focal point______ after raising construction
with in a period of______years from the date of allotment and to submit the copy of PMT certificate duly
issued and attested by General Manager, Distt. Industries Centre______ as a proof of having brought the unit
into production on the allotted plot failing which extension fee as per the terms of allotment/ decision taken by
the Govt./PSIEC from time to time and BODs of the PSIEC is leviable.

3. That I/ we have brought the unit into production on_____ after raising construction of factory building on plot
No.___________IFP______________

4. That I/ we have been issued PMT certificate No.______ dated____ by the General Manager, Distt. Industries
Centre_______ evidencing the date of commencement of production on the plot as________.

5. That I have now submitted a photo copy of the above mentioned PMT certificate duly attested by
GM,DIC,______ in the office of PSIEC.

6. That in case it is found that the date of commencement of production mentioned in the PMT or any other
particulars mentioned in the copy of the PMT are wrong/ false & PSIEC who is the absolute owner of the
property in question would suffer any financial loss on account of false/ wrong PMT certificate, the executant,
 his/their property, legal heirs and persons shall be liable to make good the loss of any sort which may be
sustained by the PSIEC at a later stage even after the transfer of plot in favour of any other person( s)/ party.

7. That the legal heirs./successors of the deponent shall also be liable to make good the financial loss, if any,
suffered by the PSIEC due to submission of wrong & false documents depicting the date of commencement of
production .

EXECUTANT

Witness:

1.___________________

2.___________________