In order to make Punjab State Lotteries more popular in other States, the department will explore the possibility of sale of tickets in other States as per the law. Minimum number of tickets to be sold in other States will be decided by Director Punjab State Lotteries and further the Director Lotteries, at his own level will do the appointment of Distributor/Agent for sale the tickets in other States. ii) The Distributor/Selling Agents shall get delivery of tickets by making payment of 100% of the face value in cash/Bank Drafts; Or The distributor/selling agents shall get delivery of tickets on following payment terms: - a. Payment of at least 25% of the face value as Cash /Bank Drafts; and b. 75% by furnishing security in the shape of Bank Guarantee / FDR etc. mortgaged/ pledged in favor of the Director, Punjab State Lotteries, Chandigarh. Validity of the bank Guarantee / FDRs should remain valid for sufficient period. However the balance payment of 75% of face value of tickets sold subject to minimum specified limit as on the date of draw, if any, has to be paid on or before the date of draw, itself through Demand Draft failing which the distributor/agent shall be charged interest @18% p.a, for the delayed period. Interest will be charged on month to month basis. (iii) The tickets will not be issued to the Distributor/Selling Agents if they fail to settle the accounts of any previous lottery scheme within stipulated period. (iv) The request for sending the ticket by post as received in office will not be entertained and the tickets will not be dispatched to the individual customer from office. (v) The tickets shall be issued to the selling agents/distributor as per the procedure laid down in condition 8(ii) above. However full and final payment as per the face value of the tickets so sold shall be paid on or before the date of draw itself through Demand Draft failing which the distributor/agent shall be charged interest @18% p.a, for the delayed period. Interest will be charged on month to month basis. 9. NAME OF AGENTS. Presently following Agents sign the agreement with Government for selling the tickets: i) M/s E-Cool Gaming Solutions Pvt. Ltd., 1597/1-B, Ist floor, UCO Bank Building, Mata Rani Ludhiana-141008.
In order to make Punjab State Lotteries more popular in other States, the department will explore the possibility of sale of tickets in other States as per the law. Minimum number of tickets to be sold in other States will be decided by Director Punjab State Lotteries and further the Director Lotteries, at his own level will do the appointment of Distributor/Agent for sale the tickets in other States. ii) The Distributor/Selling Agents shall get delivery of tickets by making payment of 100% of the face value in cash/Bank Drafts; Or The distributor/selling agents shall get delivery of tickets on following payment terms: - a. Payment of at least 25% of the face value as Cash /Bank Drafts; and b. 75% by furnishing security in the shape of Bank Guarantee / FDR etc. mortgaged/ pledged in favor of the Director, Punjab State Lotteries, Chandigarh. Validity of the bank Guarantee / FDRs should remain valid for sufficient period. However the balance payment of 75% of face value of tickets sold subject to minimum specified limit as on the date of draw, if any, has to be paid on or before the date of draw, itself through Demand Draft failing which the distributor/agent shall be charged interest @18% p.a, for the delayed period. Interest will be charged on month to month basis. (iii) The tickets will not be issued to the Distributor/Selling Agents if they fail to settle the accounts of any previous lottery scheme within stipulated period. (iv) The request for sending the ticket by post as received in office will not be entertained and the tickets will not be dispatched to the individual customer from office. (v) The tickets shall be issued to the selling agents/distributor as per the procedure laid down in condition 8(ii) above. However full and final payment as per the face value of the tickets so sold shall be paid on or before the date of draw itself through Demand Draft failing which the distributor/agent shall be charged interest @18% p.a, for the delayed period. Interest will be charged on month to month basis. 9. NAME OF AGENTS. Presently following Agents sign the agreement with Government for selling the tickets: i) M/s E-Cool Gaming Solutions Pvt. Ltd., 1597/1-B, Ist floor, UCO Bank Building, Mata Rani Ludhiana-141008.