Note:- This application should be sent directly to: The
Managing Director, SIPCOT Ltd., 19-A, Rukmani Lakshmipathi Road,
Egmore, Chennai 600 008 Tel : 28554787 Fax :
INSTRUCTIONS / TERMS OF ALLOTMENT
I. The following documents are to be submitted along with
1. Brief Project Report mentioning the Promoters background, Raw
materials, Product process, etc.,
Incorporation and Memorandum and Articles of Association for
Private / Public Limited / Joint Sector Companies.
Partnership deed and firm’s registration certificate for
4. Entrepreneurs Memorandum for MSME
/ Industrial Entrepreneurs Memorandum / SIA acknowledgement /
FIPB approval ( in case of foreign investment) for Medium and
5. Rough building layout indicating
the factory, office, godown, open space, future expansion, etc.
6. Proof for Term Loan sanction if available.
7. Latest annual report / Profit and Loss account for the last
three years in case of existing companies / firms. List of
Directors, shareholders with shareholding pattern as on date
duly certified by a CA and in case of foreign company it should
be certified by a CPA (Certified Public Accountant)
DD / Pay order / Cheque (Local bank) for initial deposit and
processing fee as mentioned in serial number 13 of application.
9. The Plot is given on long term lease for 99 years and
renewable for future period of 99 years.
II. Allotment is made on the following terms
1. 100% of the plot deposit is to be paid within 90 days from
the date of allotment order.
2. The lease deed is to be
executed and registered within 30 days from the date of payment
of plot cost.
3. Possession of plot should be taken
over within 30 days from the date of execution of lease deed.
4. Construction of Factory building should be commenced within
six months from the date of allotment order and the same should
be completed within 24 months from the date of allotment order
and commencement of trial / commercial production within 30
months from the date of allotment order.
application should be signed by the Proprietor in the case of
Proprietary concerns, Managing Partner or any other Partner
authorized by other partners in case of Partnership firm and the
Chairman & Managing Director or any other Director or any other
person duly authorized by the Board of the Company in case of
I agree with above terms
STATE INDUSTRIES PROMOTION CORPORATION OF TAMILNADU
(A Government of Tamilnadu Undertaking)
19-A, Rukmani Lakshmipathi Road,
Box No.7223, Chennai – 600 008.
E-mail:sipcot @ md3.vsnl.net.in