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    Annexure 20

    Uploaded by

    Jarnail Singh
    This letter declares the members of a Joint Hindu Undivided Family (HUF) and authorizes the karta (manager) to open and operate a bank account on behalf of the HUF. It specifies that (a) the signatories are the only members of the HUF, (b) the karta is authorized to singly or jointly operate the account, (c) the karta can bind all members and the HUF is responsible for all transactions, and (d) the members will inform the bank of any changes to the HUF constitution. The letter is to be signed by all co-parceners, including details for minors.

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    © All Rights Reserved
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    Annexure 20

    Uploaded by

    Jarnail Singh
    124 views1 page
    This letter declares the members of a Joint Hindu Undivided Family (HUF) and authorizes the karta (manager) to open and operate a bank account on behalf of the HUF. It specifies that (a) the signatories are the only members of the HUF, (b) the karta is authorized to singly or jointly operate the account, (c) the karta can bind all members and the HUF is responsible for all transactions, and (d) the members will inform the bank of any changes to the HUF constitution. The letter is to be signed by all co-parceners, including details for minors.

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    This letter declares the members of a Joint Hindu Undivided Family (HUF) and authorizes the karta (manager) to open and operate a bank account on behalf of the HUF. It specifies that (a) the signatories are the only members of the HUF, (b) the karta is authorized to singly or jointly operate the account, (c) the karta can bind all members and the HUF is responsible for all transactions, and (d) the members will inform the bank of any changes to the HUF constitution. The letter is to be signed by all co-parceners, including details for minors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    124 views1 page

    Annexure 20

    Uploaded by

    Jarnail Singh
    This letter declares the members of a Joint Hindu Undivided Family (HUF) and authorizes the karta (manager) to open and operate a bank account on behalf of the HUF. It specifies that (a) the signatories are the only members of the HUF, (b) the karta is authorized to singly or jointly operate the account, (c) the karta can bind all members and the HUF is responsible for all transactions, and (d) the members will inform the bank of any changes to the HUF constitution. The letter is to be signed by all co-parceners, including details for minors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Annexure 20

    Joint Hindu Undivided Family (HUF) Letter

    <Month DD, YYYY>

    The Branch Manager,

    ICICI Bank Limited, _______________Branch

    Dear Sir/ Madam,

    Declaration by HUF members

    We, the undersigned, declare that we are the members of Joint HUF under the name and style of M/s. _______________
    __________________________ (HUF) and further declare as under:

    (a) We, the undersigned undertake and declare that:


    We are the only co-parceners/ members of joint HUF, conducting business, under the name and style of M/s.
    _______________ (HUF) and are responsible for the conduct of the affairs of the HUF;

    (b) Shri __________________________ is the Karta/Manager of HUF and is authorised to open and operate

    (i) Singly (or)


    (ii) Jointly with__________________
    the current account and/or do all such acts, deeds and things necessary and to execute all such documents as are
    necessary, in connection therewith.

    (c) That, Karta is authorised to sign on behalf of the HUF or firm and has full and unrestricted authority to bind all the
    members of HUF however constituted from time to time

    (d) All instructions and transactions entered into with the bank and obligations and liabilities entered or incurred by all
    or any one or more of us on behalf of the HUF for the account/s whether in credit or overdraft, shall be binding on each
    member of HUF, present and future, personally and on the estate of each of us and shall be subject to applicable terms
    and conditions as may be specified by ICICI Bank from time to time which we agree to abide by. We further declare that
    all claims due to the bank from the said HUF shall be recoverable personally from all or any of us and also from the entire
    properties of the said HUF.

    (e) We undertake to inform you any change in the constitution of the HUF by any reason including due to any addition
    of members, or on account of the death of any member of the HUF.

    Sincerely,

    Sr. Co-parceners and Members Signature


    No.

    1.

    2.

    5.

    Note: To be signed by all co-parceners, including female co-parceners. Name should be given on the left hand side with details
    like s/o, d/o, w/o with address where the address is different from the HUF address. Minors name (and date of birth) to be
    mentioned like 'A' (minor) through 'B' the natural guardian.

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