Account Opening Form. Limited Companies/Trusts/Societies/Associations * Account Opening Requirements. Important Note. Documents Required

Transcription

1 Account Opening Form Limited Companies/Trusts/Societies/Associations * Account Opening Requirements 1. Completed account opening form 2. Passport size photographs of all authorised signatories duly signed on front 3. PAN Card or PAN Allotment Letter or Form 60/61 (whichever is applicable) Important Note Fill the form in CAPITAL letters Sign in BLACK ink only Authenticate any overwriting/cancellations Submit original documents for verification against each photocopy submitted Documents Required Proof of Identity for the Entity (any one document) Proof of Identity for all the authorised signatories and directors authorised to sign Proof of Address Any other document Limited/Private Limited Company 1. Sales/Service Tax/Excise Registration 2. Registration under Shops & Establishment Act 3. PAN ID/IT Return of the Entity 4. Water/Electricity/Municipal Tax bill in the name of the Entity 5. Annual Return filed after AGM 6. For new entities formed within the last two months, a copy of the application made to the Regulatory Authority for starting new business. (original approval should be produced within three months from opening the account) 1. Passport/Photo PAN Card/Driving Licence/Voter's ID For Pvt. Ltd. Co. - ID proof of all Principal Shareholders (with more than 10% shareholding) and at least two directors including the managing director is also required Proof for all authorised signatories (any one) 1. Latest Electricity Bill 2. Latest Telephone Bill (Landline/Mobile) 3. Latest copy of Life Insurance Policy Premium Receipt 4. Society Outgoing Bill 5. Valid Passport 6. Voter's ID 7. Driving Licence 8. Ration Card 1. Memorandum and Articles of Association 2. Certificate of Incorporation 3. Board Resolution 4. List of Directors 5. Photographs of all authorised signatories and directors authorised to sign 6. For new entities formed within the last two months, copy of licence/permission granted by Local authorities and valid title/lease deeds of manufacturing and business premises. Only for Private Limited/Unlisted Companies 1. Latest Annual Return (Schedule V of the Companies Act 1956) 2. If the list of directors does not tally with MOA/ AOA then please submit certified true copy of the Form 32 filed with ROC Trust/Society/Association Documents for Society/Association 1. Society/Association registration certificate under the specific Act 2. PAN ID/IT Return Documents for Trust 1. Registration certificate issued by Charity Commissioner/Sub Registrar of Assurances 2. Trust Deed 3. PAN ID/IT Return Passport/Photo PAN Card/Driving Licence/ Voter s ID Proof for all authorised signatories (any one) 1. Latest Electricity Bill 2. Latest Telephone Bill (Landline/Mobile) 3. Latest copy of Life Insurance Policy Premium Receipt 4. Society Outgoing Bill 5. Valid Passport 6. Voter's ID 7. Driving Licence 8. Ration Card 1. Bye-laws/Rules & Regulations/Memorandum & Articles/Charter/(as applicable) 2. Photographs of all authorised signatories 3. Certified list of name & addresses of all office bearers 4. Proof of approval of Trust by the IT under section 12AA. (Only for PF/Gratuity/Pension Trust) 5. Resolution passed by the Managing Committee/ Board/Trustees/Office bearers 6. Copy of latest IT Return and Returns submitted to the Charity Commissioner (Trust) 7. IT certificates for Welfare Trust under section 12AA Account to be opened at Branch. Branch code (To be filled in by the Bank): Note: 1. The Bank reserves the right to call for any additional document/information before opening of an account 2. Please submit separate documents, with the exception of Passport, as Proof of Identity and Address. *Unless defined otherwise in the form, the parties to be referred to as the Entity

2 SECTION I: Business Details Name of the Entity: Former or Other Name +, if any: Country and date of formation: Line of Business: Registration No. (if applicable): Registered Address: Pin: Tel: - Mobile: Fax: - Address of Correspondence: Name of the contact person: Former or Other name +, if any: Address: Pin: Tel: - Mobile: Fax: - Permanent Account Number (PAN): (Please strike off whichever is not applicable) 1. Our PAN number is 2. I/We have applied for a PAN, which is not yet allotted. I/We undertake to advise you the PAN on receiving advice of its allotment. 3. I/We hereby declare that we are not assessed for Income Tax, as our income is below the maximum amount which is not chargeable to Income Tax, and accordingly the provisions pertaining to PAN are not applicable in our case. Number of employees (Please tick the relevant boxes): Less than Over 5000 Entity's turnover: Export Import Domestic Total Yes/No < 10 M M M M M M > 1500 M Our business is normally conducted with Companies in: India Germany Japan Italy USA China UK Malaysia Singapore Others Our business is normally conducted in the following currencies: INR AUD JPY HKD USD GBP CAD SGD EURO Others + Please submit supporting documents whenever former or other name is mentioned SECTION II: Account Details (please tick as applicable) 1. Choice of Accounts * (hereinafter collectively referred to as Accounts ) BusinessVantage Fixed / Term Deposit Business Select Any other Current Account Opening payment Rs. by cheque/debit to A/c No. 2. Details of Fixed Deposit, if applicable a. Type of Deposit Ordinary Cumulative b. Amount Rs. (Rupees only) If you are opening more than one deposit, please indicate below: No. of deposits: for Rs. each c. Period Days / Months / Years d. Interest Payment To my/our HSBC A/c no. By Cashier's Order * Please refer to tariff guide for Average Quarterly Balance (AQB) requirements. 01

3 e. Maturity Payment Instructions: The amount due to me/us on maturity should be Renewed for Days/Month(s)/Year(s) Repaid to my/our HSBC A/c no. Repaid by Cashier's Order 3. Other Instructions (please tick as applicable and complete details in Section III) Notes: a. Frequency of Statement b. Cheque book Monthly Fortnightly Weekly Daily Ordinary SECTION III: Mandate/Resolution Cheques Payable at Par The fixed deposit will automatically be renewed for the same period at the then prevailing interest rates on maturity if the Bank does not receive prior notice before maturity. Tax Deducted at Source (TDS), when due and applicable would be deducted in accordance with the provisions of the Income Tax Act, 1961 and the Rules thereunder, as in force. In case of Resident payee, TDS at appropriate rates would be deducted where the aggregate of the interest on such deposit(s) credited, during a financial year exceeds the maximum amount prescribed by the Income Tax Act, Such TDS shall be recovered from saving/current/demand deposit account(s). Mandate We hereby certify that the following are the true extracts of resolution passed at the meeting of the Board of Directors/Managing Committee/Board of Trustees of the Company/Society/Association/Trust held on the day of 20 RESOLVED: That a Current Account(s) AND/OR Fixed Deposit(s) be opened in the name of with The Hongkong and Shanghai Banking Corporation Limited, India ( the Bank ) branch, inter alia against the terms, conditions and rules for the said Account. We hereby accept the Bank's terms, conditions and rules for the relevant Account and the changes made thereto from time to time. That the Bank be instructed to make fixed deposits, honour all cheques, bills of exchange, promissory notes or other orders which may be drawn by/accepted/made by or on behalf of the Company/Society/Association/Trust and to act on any instructions so given relating to the operation of the said Account whether the same be overdrawn or not and/or any other instructions relating to the transactions of the Company/Society/Association/Trust in relation to the Account, including accepting Account opening forms, giving indemnity, declarations, agreement and any other document, by any one/two or more, as may be necessary of the following Authorised Signatories authorised to sign and such signature shall bind the Company/Society/Association/Trust in all transactions between the Bank and the Company/Society/Association/Trust. Name Former or Other Name + Designation Special Instructions for Cheque Payments *** Please submit supporting documents whenever former or other name is mentioned *** If left blank it will be considered as authorisation to sign the cheques for any amount singly by any authorised person. RESOLVED FURTHER that the Company/Society/Association/Trust be and is hereby authorised to avail of the following additional banking facilities with the Bank inter alia against the terms and conditions and account rules, which were placed before the Board and as amended by the Bank from time to time. The Authorised Signatories be and are hereby authorised severally to sign the required indemnity, declarations, agreement and any other document that is needed to enable the Company/Society/Association/Trust to avail of the following banking facilities offered by the Bank. RESOLVED FURTHER (Strike off if not applicable) 1. That the Bank is hereby authorised and requested to issue a Business Debit Card and related PIN to authorised person(s) (called Delegates, whose details have been provided in the table below) who have been authorised to operate the Company/Society/Association/Trust account, and who are responsible to keep the aforesaid Business Debit Card in his/her custody. The Authorised Signatories of the Company/Society/Association/Trust are hereby authorised to execute an indemnity in favour of the Bank, indemnifying the Bank against all consequences arising out of the operations of the Bank account by use of the Business Debit Card. We authorise the Bank to transfer funds from my/our account through the ATM, subject to the Bank's policies, to third party beneficiaries as specified during operation of the ATM. We confirm having read and understood the Terms and Conditions of usage of the Debit Card (a copy of which is available on and agree to be bound by the same. We undertake to intimate the Bank and surrender the Business Debit Card before any of the Authorised Signatories proceed overseas on permanent employment and/or emigrating and/or upon changing of his/her nationality. 2. That the Bank be and is hereby authorised and requested to provide Mobile Alert facility (term as defined in the Mobile Alert Terms & Conditions) and SMS Alerts (term as defined in Mobile Alert Terms & Conditions) on the mobile phone number(s) provided in the table below inter alia as per the terms and conditions related to the mobile alert services. The Bank may, at its absolute discretion, discontinue the aforesaid service completely or partially without any notice to us. The Bank may debit our Account for service charges as per the prevailing tariff from time to time. We accept and agree to be bound by the above-mentioned Terms and Conditions (a copy of which is available on and to any changes made therein from time to time in the future. We undertake to intimate the Bank immediately in the event of any change in the mobile phone number provided in the table below. We also understand that the SMS Alerts under this service may contain certain personal and/or Account information. We also understand and acknowledge that while the Bank will make all reasonable efforts to ensure that the my/our personal/account information is kept confidential, the SMS alerts cannot be guaranteed to be completely secure and the Bank shall have no liability in this regard. 3. That the Bank be and is hereby requested to provide to the following person(s) (called Delegates, whose details have been provided in the table below) of the Company/Society/Association/Trust, Business PhoneBanking (BPB) and/or Business Internet Banking (BIB) facility to enable them to operate the said Account on telephone and internet. Resolved further that the Bank be requested to hand over related PhoneBanking, Internet Banking Number(s) and related PIN(s) to the Delegate(s) for enquiry AND/OR transactions only on the said Accounts, inter alia against the Terms and Conditions (a copy of which is available on for Business PhoneBanking issued by the Bank and as amended from time to time AND/OR to perform the functions of 'Primary User(s)' as detailed in the applicable BIB Terms and Conditions (a copy of which is available on as amended from time to time, and BIB Customer Guide issued by the Bank and amended from time to time, for operations of the BIB service on behalf of the Company/Society/Association/Trust, within authorised limits as indicated in the table herein below. 4. RESOLVED FURTHER that the Bank be and is hereby requested to provide Business PhoneBanking (BPB) Service and Business Internet Banking (BIB) service to the Authorised Signatories, for enquiry purposes in relation to the Accounts. Resolved further that the Bank be requested to hand over related PhoneBanking and Internet Banking Number(s) and related PIN(s) to the Authorised Signatories for enquiry only on the said Accounts, inter alia against the Terms and Conditions (a copy of which is available on for Business PhoneBanking issued by the Bank, as amended from time to time, AND to perform the functions of 'Primary User(s)' as detailed in the applicable BIB Terms and Conditions (a copy of which is available on as amended from time to time, and BIB Customer Guide issued by the Bank and amended from time to time, for operations of the BIB service on behalf of the Company/Society/ Association/Trust. The Bank is hereby requested to provide Zero or NIL transaction limit for Business PhoneBanking and BIB, with Single Admin Control and Simple Account Authorisation Matrix (terms as defined in the [BIB Terms and Conditions (a copy of which is available on and BIB Customer Guide]) for BIB to the above mentioned Authorised Signatories, unless specifically requested for through the table overleaf or any other form in writing to the Bank. 02

4 Personal Information Self Service Banking Form Delegate 1 Delegate 2 Delegate 3 1. First Name Middle Name Last Name Former or Other Name*** 2. Designation 3. Correspondence Address (Pin code Mandatory) DOB 4. Telephone Landline 1 Landline 2 Fax Mobile (Mobile number will be used for sending mobile alerts) 5. ID 6. PAN No. 7. Services to be availed by the Delegate (tick wherever applicable) 7. a Business Debit Card 7. b Business PhoneBanking (BPB) 7. c Business Internet Banking (BIB) 7. d Mobile Alerts for Business 8. Daily Debit Card Transaction Limits (Enter transaction limits as required] (refer Annexure 1) 8. a Cash Withdrawal 8. b Merchant Transaction Limit 8. c Fund Transfer (within HSBC) 8. d Bill Pay 9. Daily PhoneBanking Transaction Limits (Enter instruction limits as required] (refer Annexure 1) 9. a Inter Account Transfers (Max Limit INR 1 Crore per day) 9. b Payment to Pre-designated Beneficiary* (Max Limit INR 2.5 Lakhs per day) 9. c Payment to Third Party** (Max Limit INR 50,000 per day) 10. Daily Business Internet Banking Transaction Limits (Enter transaction limits as required] (refer Annexure 1) 10. a Inter Account Transfer (Max limit INR 1 Crore per day) 10. b Designated Payment* (Max limit - INR 10 Lakhs per day) 10. c Third Party Payment** (Max limit - INR 5 Lakhs per day) 10. d Bill Payment (Max limit - INR 5 Lakhs per day) 10. e AutoPay-Bulk/Salary Payment (Max limit INR 10 Lakhs per day) 11. Business Internet Banking Controls (applicable at Business Level) (refer Annexure I) Admin Control Single Admin Dual Admin Account Authorisation Matrix Simple (A & B) One Group (A & AA) Two Groups (A, B, AB, AA & BB) 12. Register Third Party Pre-designated Beneficiary - 1 (within HSBC only) Register Third Party Pre-designated Beneficiary - 2 (within HSBC only) Beneficiary Name: Beneficiary Account Number: Beneficiary Name: Beneficiary Account Number: PhoneBanking Internet Banking PhoneBanking Internet Banking 13. Signature of Delegates 03

5 14 Photograph of Delegates *To avail this facility, please register beneficiary by filing in point number 12 of the table above. **Third party Payment limit:rs 50,000 (including Cashier s Order and Demand Drafts) ***Please submit supporting documents whenever former or other name is provided 5. That the Bank be and is hereby requested to allow the facility of Cheques Payable at Par to the Company/Society/Association/Trust inter alia against the Terms and Conditions for Cheque Payable at Par issued by the Bank and amended from time to time. 6. That the Bank be and is hereby requested to allow the facility of No Bounce Cheque Protection to the Company/Society/Association/Trust inter alia against the Terms and Conditions for No Bounce Cheque Protection issued by the Bank and amended from time to time. We hereby authorise the Bank to honour all cheques drawn on the said Account up to a maximum overdraft limit of Rs.200,000 even though the funds available in this Account may be insufficient. We shall arrange to fund the said Account with the amount outstanding including the applicable interest amount, calculated at the Bank's applicable rate (currently PLR + 3%), within 7 days of availing the facility. Signature of Chairman / Secretary (with rubber stamp) Place: Date: SECTION IV: Details of Authorised Signatories 1. Name: Former or Other Name +, if any: Address: Tel.: Specimen Signature (with rubber stamp) Please affix Photograph 2. Name: Former or Other Name +, if any: Address: Tel.: Specimen Signature (with rubber stamp) Please affix Photograph 3. Name: Former or Other Name +, if any: Address: Tel.: Specimen Signature (with rubber stamp) Please affix Photograph + Please submit supporting documents whenever former or other name is provided 04

6 4. Name: Former or Other Name +, if any: Address: Tel.: Specimen Signature (with rubber stamp) Please affix Photograph + Please submit supporting documents whenever former or other name is provided "I /We certify that the signatures and photographs of the authorised signatories shown on this AOF are genuine and correct". Signature of Chariman / Secretary (with rubber stamp) Signed in my presence (by Bank Staff) SECTION V: 1. Add On Services details A) Business Debit Card INDEMNITY To The Manager The Hongkong and Shanghai Banking Corporation Limited (Branch) Business Debit Card facility Whereas we, Company/Society/Association/Trust having its registered office at have a Current Account with the Bank, to be operated by the Authorised Signatories as per the resolution passed by the Company/Society/Association/Trust. And whereas the Company / Society / Association / Trust has requested the Bank to issue the Business Debit Card to the Delegate(s) in addition to the cheque books for operating the account. And the Bank has agreed for issuance of the Debit Card and the related PIN for the purpose, which will be kept under the custody of the Delegate(s) to be decided by the Company / Society / Association / Trust. In the premises aforesaid we hereby indemnify and keep indemnified the Bank, from and against all costs, charges, claims, disputes and consequences howsoever and whatsoever arising out of issuance of the Debit Card to the Company / Society / Association / Trust as aforesaid. We understand and acknowledge that the Bank is entitled to terminate the Business Debit Card facility without assigning any reason whatsoever, at any time. We authorise the Bank to debit my/our Current Account annually with an amount equivalent to the fees and charges for use of Business Debit Card as per the applicable tariff. We will be bound by the terms and conditions of the usage of Business Debit Card. I/We will be liable to comply with the Foreign Exchange Management Act, 1999 and rules and regulations made thereunder by the Reserve Bank of India, as amended from time to time, in respect of transactions effected using the Business Debit Card. B) Mobile Alerts Current Account (Fill amount in space provided) 1. Credit > Amount 2. Debit > Amount 3. Balance > Amount 4. Balance < Amount Fixed Deposits (tick if required) 1. Fixed Deposit Maturing days (e.g. If you fill in INR 5,000, you shall receive an alert every time your account is credited with an amount of INR 5,000 or more) (e.g. If you fill in INR 5,000, you shall receive an alert every time an amount of INR 5,000 or more is debited from your account) (e.g. If you fill in INR 75,000, you shall receive an alert every time your account balance goes above INR 75,000) (e.g. If you fill in INR 75,000, you shall receive an alert every time your account balance falls below INR 75,000) (e.g. If you fill in 07, you will receive a reminder alert 7 days prior to your fixed deposit maturing) 05

7 2. Declaration and consent Credit facilities from other banks I/We hereby confirm (please tick as applicable) No, the Entity is not enjoying any credit facility 6 with any bank and undertakes to inform the Bank in writing as soon as any credit facility is availed of by the Entity from any other bank. Yes, the Entity is enjoying credit facilities 6 with other banks as per details given below. Bank/Branch A/c Number Credit Facilities^ 1. _ 2. _ 3. _ 6 Credit facility would include Term Loans, Overdraft, Cash Credit, Working Capital Limits, Bank Guarantee, Documentary Credit (Letter of Credit), Export Finance, Mortgage Loans, Warehouse Receipt Finance, Factoring, Bill Discounting, Cheque Discounting, Import Finance (Buyer s Credit), Treasury Limits or any other limit either secured or unsecured. I/We confirm having read and understood the Current Account Tariff Guide and accept the Average Quarterly Balance (AQB) requirement applicable to my/our choice of account ~. I/We confirm having read and understood the Account Rules, and hereby agree to be bound by the terms and conditions governing the relevant I/We declare that the information given herein by me/us is true and correct, which the Bank is entitled to verify directly or through any third party agent. I/We also agree that, if any such declarations made by me/us are found to be incorrect, the Bank is not bound to pay any interest on the account(s) opened by me/us and is entitled to terminate the account relationship. I/We agree and accept that the Bank may need to share or transfer data or information about me/us to any third party service provider, whether located overseas or in India, who provides outsourced services to the Bank in connection with the operation of the Bank's business, in accordance with the applicable guidelines of the Reserve Bank of India. Any such sharing or transfer of information will be done strictly on a confidential basis and the Bank will endeavour to maintain strict confidentiality of such information. However, the Bank or such third party service providers, whether located in India or overseas, may disclose information if required or permitted by any law, rule or regulation or at the request of any public or regulatory authority or if such disclosure is required for the purposes of preventing fraud. I/We also understand that I/we am/are liable to comply with the Foreign Exchange Management Act of 1999 (FEMA) and Foreign Contribution (Regulation) Act of 1976 (FCRA), and the rules and regulations made thereunder and any amendments thereto. I/We understand and acknowledge that any violation or non-observance of the undertakings given herein will be subject to action under FEMA. I/We declare that the Entity will not be accepting/receiving any Foreign Contributions as defined in Foreign Contribution (Regulation) Act, 1976, in this account. I/We declare that the Entity will be accepting/receiving Foreign Contributions as defined in Foreign Contribution (Regulation) Act, 1976, in this account. ~ Excerpt of Tariff Guide is available in Annexure II. For further details about Service Charges and Fees applicable to the account, please visit I/We understand that all deposits and lending there against shall be subject to the laws of India (including FEMA, wherever applicable), as amended from time to time, and are consequently subject to sovereign risk arising therefrom. I/We understand and acknowledge that deposits under this programme are with the Bank s branches in India and that such deposits shall be payable only at the branch in India where the deposit is placed and that there is no right of recourse against the Head Office of the Bank in Hong Kong or any other office of any HSBC Group entity worldwide. I/We understand and acknowledge that changes in laws and rules in India may affect the liability of the Bank to repay any depositor outside India. Consent Clause: 1. I/We, understand that as a pre-condition, relating to grant of the loan/advances/other non-fund-based credit facilities to me/us, the Bank, requires my/our consent for the disclosure by the Bank of, information and data relating to me/us, of the credit facility availed of/to be availed, by me/us, obligations assumed, by me/us, in relation thereto and default, if any, committed by me/us, in discharge thereof. 2. Accordingly, I/we, hereby agree and give consent for the disclosure by the Bank of all or any such; (a) Information and data relating to me/us; (b) The information or data relating to any credit facility availed of/to be availed, by me/us, and (c) Default, if any, committed by me/us, in discharge of my/our such obligation as the Bank may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd. (CIBIL) and/or any other agency authorised in this behalf by RBI. 3. I/We, declare that the information and data furnished by me/us to the Bank are true and correct. 4. I/We, undertake that: (a) the CIBIL and/or any other agency so authorised may use, process the said information and data disclosed by the Bank; and (b) the CIBIL and/or any other agency so authorised may furnish for consideration, the processed information and data of products thereof prepared by them, to banks/ financial institutions and other credit grantors, as may be specified by the Reserve Bank in this behalf. 5. I/We confirm that as on date of this application, there are no litigations, initiated by other banks / financial institutions, being faced by me/us (please strike off if this is not applicable and provide a separate list of initiated/pending litigations). 6. I/We authorise the Bank and any other member of the HSBC Groupv: a. to submit or make available to other members of the HSBC Group, or any designated agent of theirs, any application(s) made by me/us to any member(s) of the HSBC Group for availing financial product(s) and services, together with any related documentation or information; and b. to obtain and to give or make available to any member(s) of the HSBC Group, or their agents, credit information about me/us (including credit scores and reports from credit reference agencies) for the purpose of assessing my/our qualification for the requested financial product(s), and in addition to obtain, give or make available to any member(s) of the HSBC Group credit scores and reports in connection with any update, renewal, extension, collection or review of any of the accounts opened pursuant to my/our application(s). c. in the course of managing our relationship with you and where necessary to comply with our money laundering prevention obligations, to record, obtain and to give or make available to any member(s) of the HSBC Group, or their agents, information about your directors and employees. d. unless and until I/we direct otherwise, to update information about me/us as provided hereinabove and/or in any such application(s) or related documentation, or obtained in the course of, or for the purpose of, making any application for financial products and services (including but not limited to any credit information), onto a database which may be accessed by the member(s) of the HSBC Group. I/We am/are aware that full details of the use to which the said information can be put to by the Bank and other members of the HSBC Group are set out in the Bank's and/or such other HSBC Group member's terms and conditions and/or privacy policy and that nothing contained in this consent shall absolve any member of the HSBC Group of their obligation to comply with their terms and conditions and/or privacy policy. I/We understand that standards of data/privacy protection laws in the country(ies) in which I/we am/are applying for the requested financial product(s) and services may vary but that my/our information will be protected by a strict code of secrecy and security which all members of the HSBC Group, their staff and any third parties with whom such information is shared, are subject to. I/We hereby undertake to intimate the Bank about any change in my/our residential status as per FEMA. For NRO Accounts: I/We declare that the Entity will not make available to any person resident in India any foreign exchange against reimbursement in India in Rupees or in any other manner. I/We undertake that in cases of debits to the NRO account for the purpose of investment in India and credits representing sale proceeds of investments, I/We will ensure that such investments/disinvestments will be in accordance with the regulations made by the Reserve Bank of India in this regard. v HSBC Group means HSBC Holdings plc, its subsidiaries, associated and affiliated companies. 06

8 3. Marketing offers From time to time, HSBC communicates various features / products / promotional offers which offer significant benefits to its customers and may use the services of third party agencies to do so. Do you wish to be informed about such benefits? Yes, I/We expressly authorise HSBC to use information or data relating to the Entity, for communicating marketing offers as outlined above. No, I/We do not wish to receive offers as outlined above. For customers who wish to receive such marketing offers but do not wish to be communicated the same by way of telephone calls/smses from HSBC, we offer a Do not call service. To register for this, please visit our website I/We declare that the information given herein by me/us is true and correct, which the Bank is entitled to verify directly or through any third party agent. I/We expressly authorise the Bank to use information or data relating to me/us, whether provided by me/us or otherwise, in connection with the offer, sale or distribution of the Bank's products and services to me/us. I/We expressly authorise the Bank to give or make available to any member of the HSBC Group, information or data relating to me/us, whether provided by me/us or otherwise, in connection with the offer, sale or distribution of products and services offered by such entities, in which I/we have expressed interest. I/We understand that my/our information will be protected by a strict code of secrecy and security to which all members of the HSBC Group and their staff are subject to. I/We hereby agree to the contents of this account opening form and confirm all details provided therein are true and correct. Signature of Authorised Signatory (with rubber stamp) Fax Indemnity (To be stamped in accordance with the Local Stamp Act) To, The Manager The Hongkong and Shanghai Banking Corporation Limited Branch In consideration of your agreeing to accept from us, notwithstanding the terms of the relevant mandate, from time to time instructions purporting to come from us in the form of facsimile not bearing an original signature (hereafter called "Electronic Instructions") in relation to our account referred to above without requiring written confirmation in respect of any faxed instructions prior to acting thereon, we confirm that: We are aware of the possible risks involved in connection with the giving of any faxed/phoned instructions in as much as, but not limited to, the Bank not being in a position to verify our signatures on such Electronic Instructions, some third party forwarding/sending Electronic Instructions purportedly with respect to our account and as given by us and the Bank not being able to distinguish that such Electronic Instructions have not come from us. We are also aware that at the time of delivery of cash and/or draft/cashier's order/bankers cheque, it will not be possible for the Bank or its messenger/courier to verify that the signatures on cheques at the time of making such delivery or that the said cheques have been drawn in terms of the mandate with respect to our said accounts. You are hereby irrevocably and unconditionally authorised to act on any Electronic Instructions, which you in your sole discretion believe emanate from us and you shall not be liable for acting on Electronic Instructions which emanate from unauthorised individuals or in any other circumstances whatsoever. We undertake to keep you indemnified at all times against, and to save you harmless from all actions, proceedings, claims, loss, damage, costs and expenses including consequential losses/damages which may be brought against you or suffered or incurred by you and which shall have arisen either directly or indirectly out of or in connection with your accepting Electronic Instructions purportedly from us and acting thereon, whether or not the same are from us and/or confirmed in writing by us. For (Customer Name): Signature of Authorised Signatory (with rubber stamp) Place: Date: 07

9 Annexure I (As referred to in the Self Service Banking section of this form) Users There are 2 types of users in BIB Primary User and Secondary User Primary User has the highest authority among BIB users. Secondary Users: All users, other than Primary Users, of your BIB portfolio are Secondary Users. There can be multiple Primary and Secondary Users The following table gives an overview of the differences between a Primary User and a Secondary User Services Administrative Entitlements Create / Authorise New User (including defining transaction limits) Assign / Modify / Authorise Account Control (including authorisation limits per signature group per account) Modify / Authorise modification of existing User profile (including modifying transactions limits) View Activity Log of all users Non-Administrative Entitlements View Account Balance and Transaction History Pay / Authorise Bill Payments Make / Authorise Transfer Transactions Make / Authorise AutoPay Transactions Rate Enquiry Services (Stop Cheque and Cheque Book Request) Statement and Advices View Activity log (self) View Profile (self including Transaction Limits, Signature Groups etc) Internet Trade Services - Available, X Not Available, All services above are available to the user only if these services are applied for. Primary User Secondary User X X X Dual or Single Admin Control Dual Admin Control: 2 Primary Users are required to make a change in the administrative entitlements (as given above) available on BIB. E.g., One Primary User creates a new Secondary User however the Secondary User is created in the system only after the second Primary User authorises the creation. Similarly if the limit of an existing user is modified by one Primary User, the modified limit of the user will come into effect only after this change is authorised by a second Primary User. Single Admin Control: Only 1 Primary User is required to make a change in the administrative entitlements (as given above) available to the Primary Users. E.g. One Primary User creates a new Secondary User, then this Secondary User is created in the system immediately without any need for a second Primary User to authorise the new user creation. Similarly if the limit of an existing user is modified by one Primary User, the modified limit of the user will come into effect immediately without requiring any authorisation by a second Primary User. Authorisation Matrix Simple Authorisation Matrix: Any One User (from Group A or Group B) individually can authorise a financial transaction. E.g. A, B Dual One Group Authorisation Matrix: Users, either individually or jointly, from Group A only can authorise the transaction. E.g. A, A+A Dual Two Group Authorisation Matrix: Users, either individually or jointly, from Group A and/or Group B can authorise the transaction. E.g. A, B, A+A, B+B, A+B. Users are mapped to groups online by Primary Users. Maximum Daily Corporate Limit The default Maximum Daily Corporate Limits applicable on BIB & BPB are as below. These limits represent the maximum cumulative daily limit on transactions that can be performed by authorised users of the Company/Society/Association/Trust. Daily Corporate Limits Inter Account Transfer (Including Term Deposit) Designated Payment Third Party Payment Bill Payment AutoPay Foreign Currency Transactions Please note that Delegate limits cannot be higher than the Corporate limit. Maximum Daily Corporate Limits (INR)-BIB 1,000, ,250, Maximum Daily Corporate Limits (INR)-BPB 10,000, ,000, ,000, , , , , , NA NA Maximum Daily Debit Card Limit The default Maximum Daily Debit Card limits are as below. These limits represent the maximum cumulative daily limit on transactions that can be performed by authorised users of the Company/Society/Association/Trust. Maximum Daily Debit Card Limits (INR) Cash Withdrawal Limit Merchant Transaction Limit Fund Transfer Limit (within HSBC) Bill Payment Limit BusinessVantage 100, , , , Business Select 200, , , ,

10 Annexure II Excerpts from the Tariff Guide (Entire schedule of Service Charges and Fees available on General Tariff Minimum Average Quarterly balance (AQB) BusinessVantage Rs.1 lakh in current account Business Select Rs.5 lakhs in current account Account Maintenance Fee applicable quarterly in case of non maintenance of Average Quarterly Balance (AQB) Transaction Limit Transaction Charges EEFC and FCA Accounts Accounts closed within 6 months Accounts not operated for more than a year ATM Cash withdrawal limit AQB < Rs Charges Rs.4000 AQB >=Rs < Rs.1 lakh - Charges Rs Free Cash and 5 Free Non-cash transactions per month at branch. Free ATM, Internet and Phone Banking along with Cheque Clearing transactions* Beyond free limit above, Rs.125 per Cash transaction and Rs.75 per Non-cash transaction would be levied Minimum balance - USD 5,000 or equivalent Rs.3,000 Rs.750 per quarter Rs.1 lakh per day AQB < Rs2.5 lakhs - charges Rs.6,000 AQB >= Rs.2.5 < 5 lakhs - charges Rs.3000 Unlimited Free Nil Minimum balance - USD 5,000 or equivalent Rs.4,500 Rs.750 per quarter Rs.2 lakhs per day Payments Tariff Demand Drafts at HSBC locations Demand Drafts at all other locations Outward TT Remittances (to other banks in India where HSBC does not have a branch) Inward TT Remittances (inclusive of Issue of FIRCs) Free 0.25% (Min Rs 100, Max Rs.5000) Other bank s charges for a demand draft ** Rs.300 Free 0.25% (Min Rs.100, Max Rs.5000) Other bank s charges for a demand draft** Free Collections Tariff HSBC locations in India Cities where HSBC has Lockbox^ arrangements in India Other locations in India Free 0-100,000 INR 100, Above 1 lakh - Free 0-10,000 INR 50 10, ,000 INR 100, Above 1 lakh - INR 150 Free 0-50,000 INR 25, Above 50,000 - Free 0-10,000 INR 50 10, ,000 INR 100, Above 1 lakh - INR 150 Deposits / Withdrawals Deposit of local clearing cheques for credit of account held at another branch of HSBC in a different city in India 0.07% (Min Rs.70) Free Business Doorstep Cash delivery & pick-up (per transaction charge up to Rs.2 lakhs) # DD/Cashier Order / cheque delivery & Pick-up Rs.150 Rs.50 Rs.125 Rs.50 Trade Services Tariff Exports Export Documentary Collections Export Bill Negotiation under DC Processing Charges FCY Discounting interest rate DC and DC amendment advising BRCs Imports Import Collections Retirement Direct Import Payments Advance Remittance Commission %, Min Rs.1, %, Min Rs.2,000 As per arrangement Rs.1,500 Rs %, Min Rs.2, %, Min Rs.2, %, Min Rs.2, %, Min Rs.1, %, Min Rs.1,500 As per arrangement Rs.1,500 Rs %, Min Rs.1, %, Min Rs.1, %, Min Rs.1,500 *Transaction in this case refers to all transactions done at branch other than cheque clearing. **Out of pocket expenses - interest, postage, courier, cable, telex, correspondence charges, other charges if any will be added at actuals. ^Currently the bank has over 300 Lockbox Select customers will be provided 25 free transactions per month (totally on any of the above service). #Cash delivery/pickup charges are appliacble for cash delivery/pick up to a value of Rs.2,00,000 thereafter a charge of Rs.100 per lakh (or part thereof) will be charged. The above tariff is current as on 1st January For the latest Service Charges Fees, please refer our website on on callus our Phone Banking numbers provided overleaf. 09

11 SECTION VI: Bank use only CV SV Account Record NS BL CR/PI NA W/T You NOM LOA SPL INST SS Customer No. New A/c No. Date opened Input by Opened by: Sales Team Walk-in SMA limit Recommended by Approved by FCA EEFC FCRA NRO/NRE Market Sector CB Classification Code Industry Code AO Code GHO Code Customer Group Category RM Code 10

12 Customer Service Centre at: Ahmedabad : Bangalore : Chandigarh : Chennai : Coimbatore : Gurgaon : Hyderabad : Jodhpur : Kochi : Kolkatta : Lucknow : Ludhiana : Mumbai : Mysore : Noida : Patna : Pune : Raipur : Trivandrum : Vadodara : Visakhapatnam : Ver. Date: December 2008 Indore : Nagpur : Jaipur : New Delhi :