Get Ots Application Form - Edc Limited

Filling out the OTS Application Form - EDC Limited can seem challenging. This guide provides clear and user-friendly instructions to help you navigate each section of the form with ease.

Follow the steps to fill out the OTS Application Form effectively.

1. Press the ‘Get Form’ button to access the application form and open it for editing.
2. Complete the date field at the top of the form. This indicates when you are submitting your application.
3. Address the application to The Managing Director at EDC Limited, including the provided address details.
4. In the subject line, clearly state your request for One Time Settlement (OTS). This helps in clearly identifying your application.
5. Fill out the information related to your unit, including the name, address, product, and location where it operates.
6. Indicate the date when production started at your unit.
7. Attach the financial statements of your unit for the last three years, ensuring they are accurate and clearly presented.
8. Provide a detailed explanation of the reasons for the loan default and any previous facilities availed.
9. State whether your unit is operational or closed, including the closure date and reasons for it if applicable.
10. If your unit has been attached by EDC Limited, specify the date of attachment.
11. List any assets that have been damaged and include information about any insurance claims.
12. Present your account position as per the last interest notice, covering all outstanding loans and dues.
13. Detail any other liabilities owed to various authorities including utilities and banks.
14. Estimate the valuation of mortgaged assets accurately. This includes land, buildings, and all machinery.
15. Provide personal details for all individuals associated with the application, including liabilities and assets with estimates.
16. State your current source of income and active operations of the unit.
17. Outline your proposal for repayment against the OTS, specifying amounts for principal, interest, and any applicable taxes or expenses.
18. Indicate the sources from which you propose to pay the OTS amount and the desired time period for payment.
19. Sign and date the application as required, verifying the accuracy of the information provided.
20. Lastly, ensure to include any required payments such as the application fees and down payment, and save changes to your form before submitting.

Complete your OTS Application Form online today to begin your settlement process efficiently.