Bg Verification Checklist
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BANK GUARANTEE VERIFICATION CHECK LIST Bank guarantee No Issuing Bank BG Value Nature of BG(NEW/EXTENSION) Validity of BG Validity of claim period Bank Reference Local/Out station BG Check list S.NO Details of Checks YES/NO(Remarks) 1 Is the BG on Non Judicial stamp paper/Franking stamp of appropriate value(Rs 100) 2 Whether date,purchase of stamp paper and name of the purchaser are indicated on the stamp paper under the signature of stamp vendor. 3 Is the date of purchase of stamp paper not later than the date of execution of BG ?(The stamp paper should not be older than 6 months from the date of execution of BG) 4 Whether the stamp paper purchased in the name of executing Bank? 5 Is the BG verbatim as per SAIL format?If no, indicate deviations 6 Has the executing officer Of the BG indicated his name ,designation and Power of Attorney no/signing power no on the BG 7 Is each page of BG duly signed/ initialed by the executants and
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Transcript of Bg Verification Checklist
BANK GUARANTEE VERIFICATION CHECK LIST
Bank guarantee NoIssuing Bank
BG ValueNature of BG(NEW/EXTENSION)
Validity of BGValidity of claim period
Bank ReferenceLocal/Out station BG
Check list
S.NO Details of Checks YES/NO(Remarks)1 Is the BG on Non Judicial stamp paper/Franking
stamp of appropriate value(Rs 100)2 Whether date,purchase of stamp paper and name
of the purchaser are indicated on the stamp paper under the signature of stamp vendor.
3 Is the date of purchase of stamp paper not later than the date of execution of BG ?(The stamp paper should not be older than 6 months from the date of execution of BG)
4 Whether the stamp paper purchased in the name of executing Bank?
5 Is the BG verbatim as per SAIL format?If no, indicate deviations
6 Has the executing officer Of the BG indicated his name ,designation and Power of Attorney no/signing power no on the BG
7 Is each page of BG duly signed/ initialed by the executants and whether stamp of Bank is affixed there on?
8 Whether last page is signed with full particulars including two witness under seal of Bank?
9 Whether BG no and date have been mentioned in all pages of BG ?
10 Whether overwriting/cutting if any on the BG have been properly authenticated under seal and signature of executants?
11 Whether controlling office of the issuing bank has been indicated in the BG?
12 In case of Outstation BG whether it has been indicated in the BG that the BG can be encashed in the local branch of the issuing Bank?
Checked by:
Verified by:
AGM(FIN):
Confirmations:
Confirmation from: Obtained:Yes/No Mode of sending for Confirmation
Mode of receipt of confirmation
Issuing BankControlling BankLocal Bank
Authorisation of Creation of Financial Document in SAP:
FINANCIAL DOCUMENT NO:
