Sangareddy to ING VYSYA Bank Ltd., Himayatnagar, Hyderabad. The G.M., DIC while furnishing the following documents requested to accord permission to the captioned unit for change of Financial Institute from APSFC , Sanga Reddy to ING Vysya Bank Limited, Himayathnagar Branch, Hyderabad. 1. Copy of No-dues certificate from the APSFC, Sangareddy Branch, Medak District., 2. Copy of sanction letter from the ING Vysya Ltd., Himayatnagar, Hyderabad. “As per the IIPP 2010-15 operational guidelines at para no. 24.3.: In respect of SLC sanction the General Managers after receipt of individual proceedings preceded by consolidated proceedings shall obtain an agreement bond in prescribed proforma, advanced stamped receipt and assignment letter and forward the same in original to the disbursing agency APSFC / its branch along with assignment letter and stamped receipts in original after satisfying himself on the physical verification that the Enterprise/Industry is working continuously, the assets are intact and there is no change in the management, no change of financial institution and also the Enterprise/Industry complying with the conditions, if any, imposed in the consolidated proceedings.” And As per IIPP 2010-15 operational guidelines at para no.24.10: In respect of APSFC financed industrial Enterprises, subsidy amounts sanctioned and released shall not be credited to the A/c. of respective industrial Enterprises if they are sick, closed or changes of management taken place or sold away, change of financial institution etc. Also wherever the General Manager, DICs
Sangareddy to ING VYSYA Bank Ltd., Himayatnagar, Hyderabad. The G.M., DIC while furnishing the following documents requested to accord permission to the captioned unit for change of Financial Institute from APSFC , Sanga Reddy to ING Vysya Bank Limited, Himayathnagar Branch, Hyderabad. 1. Copy of No-dues certificate from the APSFC, Sangareddy Branch, Medak District., 2. Copy of sanction letter from the ING Vysya Ltd., Himayatnagar, Hyderabad. “As per the IIPP 2010-15 operational guidelines at para no. 24.3.: In respect of SLC sanction the General Managers after receipt of individual proceedings preceded by consolidated proceedings shall obtain an agreement bond in prescribed proforma, advanced stamped receipt and assignment letter and forward the same in original to the disbursing agency APSFC / its branch along with assignment letter and stamped receipts in original after satisfying himself on the physical verification that the Enterprise/Industry is working continuously, the assets are intact and there is no change in the management, no change of financial institution and also the Enterprise/Industry complying with the conditions, if any, imposed in the consolidated proceedings.” And As per IIPP 2010-15 operational guidelines at para no.24.10: In respect of APSFC financed industrial Enterprises, subsidy amounts sanctioned and released shall not be credited to the A/c. of respective industrial Enterprises if they are sick, closed or changes of management taken place or sold away, change of financial institution etc. Also wherever the General Manager, DICs
final%209th%20slc%20minutes.docx