Eligibility requirenment for issue of Application Form for registration with

Contact Details To be
Indian Banks Association
follow for Registration:
6th Floor, Centre 1
World Trade Centre
Cuffe Parade
Mumbai: 400005
Tel: 22174040
Fax: 22184222/22154131

Contact Person Name: M P Baby

For Public & Private Limited Firm

ELIGIBLE CRITERIA :

Trucks should be owned by and stand

1) 1)
registered in the name of the Company

Trucks values should be reflected on the

2) assets side of the audited Balance Sheet of 2)
the Company

The break up value should be shown in the

3) Schedule of Fixed Assets, accompanying 3)
the audited Balance Sheet of the firm.

DOCUMENTS REQUIRED :
 1) Income Tax Return of last 2 years 1)
2) Audited Books of Accounts for last2) 2 yrs
which include : Profit & Loss Account
Balance sheet
Schedule of Fixed Assets

CAPITAL REQUIREMENT :
1) should be more than Rs.10 Lakhs. 1)

THER POINTS TO BE NOTED :

1) 1)

2) 2)

Please send a letter fulfilling all the above requirements for obtaining our Associa
3) and Application Form may be obtained from our office on remittance of Rs.1,500/
Banks' Association at Mumbai Branch.
While submitting the application kindly remit Rs.1,10,000/- (Rs.35,000/- towards n
Rs.75,000/- towards annual fee for 3 years from the date of recommendation). If a
4)
Association, the amount of Rs.75,000/- would be refunded.
Form for registration with of Indian Banking Association
For Proprietary & Partnership Firm
The trucks may stand registered in the
names of the concern /firm and/or its
Proprietor / Partners
Trucks values may be reflected on the
Assets side of audited Balance Sheet
produced by such concern / firm
The break up value should be shown in
the Schedule of Fixed Assets,
accompanying the audited Balance Sheet
of the firm.
Transport Operators
Only transport operators, who own a
minimum of seven Heavy Commercial
Vehicles - trucks (HCVs) of the
1)
conventional type are eligible to apply
for our Association's recommendation.
in the case of Light Commercial
Vehicles (LCVs) 2 such vehicles will be
considered equivalent to 1 Heavy
2)
Commercial Vehicle. Both the types of
the vehicles must, however, possess
national/zonal permits.
Should have own
OFFICES/BRANCHES or AGENTS
who are authorised to issue Lorry
3) Receipts, and GODOWNS at places
where the transport operators accept
ooking of consignments and also at
places where the consignments are
despatched.
The goods transport business should be
4) more than 50% of the total business of
the firm.
The Scheme is meant for the Transport
Operator who is engaged in the business
5)
of Transport Operator for more than two
years.
The transport operator should carry
6)
goods at Carriers Risk.
 Income Tax Return of last 2 years 1) Income Tax Return of last 2 years
Audited Books of Accounts for last2) 2 yrs
Audited Books of Accounts for last 2 yrs
which include : Profit & Loss Account which include : Profit & Loss Account
Balance sheet Balance sheet
Schedule of Fixed Assets Schedule of Fixed Assets

should be more than Rs.10 Lakhs. 1) should be more than Rs.10 Lakhs.

The Trucks more than 15 years old will

1)
not be accepted.
Dumpers, tippers, tractors and tankers
2) are not considered for the Association's
recommendation.
Branches and godowns should be in
3)
more than one state.

requirements for obtaining our Association's recommendation. A copy of the Scheme

om our office on remittance of Rs.1,500/-, by a Demand Draft payable to the Indian

emit Rs.1,10,000/- (Rs.35,000/- towards non-refundable application processing fee and

from the date of recommendation). If application/approval is refused by the
uld be refunded.