Property_Manu - Final - The New India Assurance Co. Ltd.

The New India Assurance Co.Ltd.CIRCULARESTATE/603/9124 TH December 1991.ALL REGIONAL OFFICESKind Attn. :__________________DGM / RMRe : Outright purchase of the property for office / residence & theirRegistration.RO’s have been purchasing properties both for office & residential purpose from time to timewith the approval of HO.It has been our experience that RO do not keep us posted with development once they receiveapproval from HO. In many cases, even after obtaining physical possession of the premisesaction is not taken to get the properties transferred in Company’s name & to complete registrationformalities, mutation of the properties in records of local authorities etc. Our statutory auditorshave made a remark in our accounts in this regard.We now propose to have up to date record of all the properties purchased by the Company. Wetherefore request you to take immediate action & advise us as under :Full details of the property :(1) Address(2) Owner(3) AreaTotal cost of property :a) Purchase priceb) Registration feec) Stamp charges etc.Purpose (office / residential )Date of approval by HOMANUAL ON PROPERTY61