The product is designed to extend loan to purchase Shares by pledging shares. Documents Required For individual
Copy of citizenship certificate of the borrower and other owners of the shares. Personal Gurantee of coheirs of the borrower.
- Loan application form duly filled and signed.
- Letter of consent issued by the borrower addressed to the concerned companies for the pledge of shares with SFCL.
- Letter of consent from Borrower to the concerned company for the lien over shares in favor of NBL and accretion (Dividend, Bonus shares, Right shares).
For firm / partnership / company
- Firm Registration Certificate.
- PAN Certificate.
- Partnership deed (in case of partnership firm only).
- Memorandum of Association and Articles of Association (in case of company).
- By-laws and articles (in case of association/trust).
- Resolution of Board/Executive Committee for obtaining the loan (in case of company/association/trust).
- Power of attorney for signing the loan application and security documents (in case of company/association).
- Personal guarantee of shareholders holding 10% of total shares or more (in case of company).
- ( Please visit our nearest Branch for Further Enquiry)