Administration Manual - B.E.S.T. Undertaking.

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security in SGL form and credit to our SGL A/c maintained with them under advice
to us.
iii) In such cases the half yearly/yearly interest or maturity proceeds is automatically
credited to P.F.Trust A/c by Indian Bank, we have to only confirm. In case security
maturity, we remind Indian Bank well in advance for our safer side.
6.A. If the security to be purchased is from secondary market, on receipt of
Bond/Certificates from the broker/seller, arrange to send it to the Bond issuing
company for change in name in favour of B.E.S.& T. Undertaking Provident Fund.
6.B On receipt of such Bond/Certificates, arrange to lodge it with Bank of India, Electric
House Branch, alongwith covering letter and to obtain safe custody receipt from the
Bank.
6.C If securities purchased are in Demat form then delivery of security is taken in HDFC
Bank Demat Account. We have to confirm whether delivery is received in our demat
account or not This confirmation is done through internet.
7. On due date of interest, to check whether the interest is received or not. In case of
non-receipt of interest, to send a letter to concerned company stating the facts therein
and a copy of letter be forwarded to the broker from whom the securities were
purchased.
8. On receipt of interest, the interest is to be deposited in Bank through special
remittance so that Accounts Department can take note of it to proper A/c. and make
necessary entries in the Register kept for the purpose be made.
9. In case of put option/call option or at the time of redemption, to withdraw
Bonds/Securities lodged with the Bank of India, Electric House Branch, by issuing a