APPLICATION FOR CHANGE IN MANAGEMENT

APPLICATION FOR CHANGE IN MANAGEMENT

APPLICATION FOR CHANGE IN MANAGEMENT / TRANSFER OF LEASEHOLD RIGHTS OF THE ALLOTTED PLOT [Download]

1 Name of the SIPCOT Industrial Complex/
Park /Growth Centre located.
2 Name and full address of the allottee unit
Telephone No / Mobile No.
E-mail
3 Constitution (Prop. / Partnership / Pvt.
Ltd. Co. / Public Ltd. Co / Co-op. Society / others
– Please specify)
4 Product details:
Status on obtaining CTE/CTO from TNPCB
& Renewed approval (Copy to be enclosed)
5 Date of Lease deed /Modified Lease deed/
Rectification Deed executed / registered with details
6 Status of implementation of the project in the
allotted plot.
Functioning status and proof for
functioning such as EB card / EB
payment receipts, Invoice copies, water
charge payment receipts of SIPCOT,
Annual Report/ Balance Sheet etc. for a
minimum period of 4 years should be
furnished.
7 Whether any NOC issued by SIPCOT to
mortgage the leasehold rights of the allotted
plot.
If yes,
Copy of No Objection Certificate/ No Dues
Certificate from Bank / Financial Institution
should be furnished for the proposed change
in management / transfer of lease hold rights
of the allotted plot.
Yes / No
8 List of Directors / shareholding pattern of the
company along with its body corporate up to
individual level at the time of allotment and as
on date duly certified by a CA / CPA. (as per check list)
9 Whether built up area in the allotted plot has
been sub-leased to group company / third party etc.,
If yes, a. Date of approval from SIPCOT, built up area sub leased
and the period of sub lease.
b. Copy of termination agreement (as per check list)
Yes / No
10 Name and Address of the proposed
purchaser / transferee
11 Copy of request/consent letter from the
purchaser/ transferee enclosed
12 Constitution of the transferee company.
If Pvt./ Public/ Partnership furnish required
documents as per the check list.
13 Products to be manufactured by the
transferee company.
14 Whether the transfer/ Change in
management is through scheme of
amalgamation?
If yes, furnish the required
documents as per checklist.
Yes/ No.
15 Whether the transfer of leasehold rights is
through auction purchase from
Banks / Financial Institutions / Official liquidator?
If yes, furnish the following:
(a) Copy of Sale Certificate issued by the
Banks / Financial Institutions / Official liquidator.
(b) Copy of letter indicating the date of taking possession
of the subject plot by the auction purchaser.
Yes/ No.

Note : The application to be submitted along with documents as per the check list attached.


PLACE : SIGNATURE OF AUTHORISED PERSON OF THE COMPANY
(with seal)

DATE :


Note:- This application should be sent directly to:

The Managing Director, SIPCOT Ltd.,
19-A, Rukmani Lakshmipathy Road,
Egmore, Chennai 600 008.

Tel : 28554787

Fax : 28513978/42177333 E-mail: sipcot@md3.vsnl.net.in


Checklist for change in management / transfer of leasehold rights of the allotted plot:

The allottees have to furnish the following requisite documents / particulars to
examine and process their request for change in management:
ALLOTTEE / TRANSFEROR:
1. Request letter signed by Proprietor / All partners / authorised signatory along with
necessary Board resolution.
2. Board’s consent (Resolution) for transfer of leasehold rights in the case of company
(Pvt. / Public Ltd).
3. List of Directors and shareholding pattern of the company at the time of allotment
and as on date up to individual level / ultimate holding company (Break up details of
share holding pattern viz. (i) Promoter & Promoter Group (ii) Body Corporate up to
individual level and (iii)Financial Institutions, etc duly certified by a CA / CPA in
their letter head).
4. Functioning status and proof for functioning such as EB card / EB payment receipts,
Invoice copies, water charge payment receipts of SIPCOT etc. for a minimum period
of 3 years.
5. For allottees in SEZ, copy of renewal of Letter of Acceptance (LoA) obtained from
MEPZ.
6. Copy of Audited Annual Reports for the last 3 years.
7. Copy of No Objection Certificate / No Dues Certificate from Bank / Financial
Institution, to whom earlier NOC was issued to mortgage the lease hold rights of the
allotted plot.
8. Copy of termination agreement, if the allottee was permitted to sub-lease a portion of
the built up area of the subject plot.
9. In case of Amalgamation/ Merger / De-merger, copy of Amalgamation / Merger / Demerger
orders issued by the Court / NCLT.
10. In case of Amalgamation/ Merger / De-merger furnish shareholding pattern as at the
time of allotment, before Amalgamation/ Merger / De-merger and after
Amalgamation/ Merger / De-merger duly certified by CA/CPA.
11. Pending issues / dues, if any, with SIPCOT to be settled.
PROPOSED PURCHASER / TRANSFEREE :
1. Request / consent letter from the proposed purchaser / transferee.
2. Copy of Audited Annual Reports for the last 3 years and Memorandum and Articles
of Association along with Certificate of Incorporation.
3. Detailed Project report, including the product to be manufactured, process etc.
4. List of Directors and shareholding pattern of the company at the time of allotment
and as on date up to individual level / ultimate holding company (Break up details of
share holding pattern viz. (i) Promoter & Promoter Group (ii) Body Corporate up to
individual level and (iii)Financial Institutions, etc duly certified by a CA / CPA in
their letter head).
5. In case auction purchase from Banks / Financial Institutions / Official liquidator
(a) Copy of Sale Certificate issued by the Banks / Financial Institutions / Official
liquidator.
(b) Copy of letter indicating the date of taking possession of the subject plot by the
auction purchaser.

Sd/****

MANAGING DIRECTOR

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