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Purchaser

Eligibility Criteria

  • Must be a Public / Private Limited Company
  • Must have audited accounts for the last 2 years
  • Purchaser should have been sanctioned credit exposure limit for factoring platform by at-least one registered Financier

Membership Forms / Agreement

  • Submit duly filled membership document along with the requisite documents (Refer Checklist 1.3 below)
  • Sign an agreement with the Platform Operator (NSEIL) defining the obligations on the Technology Platform
  • Membership form can be downloaded from Click here

Checklist
Tabulated below is the list of the documents that are required to be submitted along with the application form

Sr. No. Document Mandatory (Y/N)
1 Copy of PAN Allotment Letter Y
2 Certificate of incorporation & Memorandum & Articles of Association Y
3 Copy of Telephone bill N
4 Copy of Electricity bill N
Sr. No. Document Mandatory (Y/N)
1 Board Resolution approving participation on NTREES and giving authorisations to various officials for operations on NTREES Y
2 Introduction letter from a Financier which is registered with NTREES Y
3 Audited Accounts of last two years Y
4 Latest Shareholding pattern of the Purchaser company certified by company's Compliance Officer / Company Secretary Y
5 Latest list of Board of Directors of the Purchaser company certified by company's Compliance Officer / Company Secretary Y