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Model Flow Chart of New Separate Bank Account

Customer

“ABC — Collection Account for XYZ”

(100% receivables) (“Account I”)

Deposit 100% of

Project Finance /

Construction Finance

Transaction Account (“Account

III”) 30% (“ABC—RERA

Transaction Account for XYZ”)

Separate Account (“Account II”)

70% (“ABC---Separate Bank

Account for XYZ”)

Payment Towards other

heads such as:-

✓ Sales & Marketing

✓ Commission

✓ Brokerage

✓ Corporate Overheads

✓ Principal/Interest/

Compensation to Allottees

✓ Income Tax

✓ Profits

Construction Cost

Land Cost

Architect

Certificate

Engineer

Certificate

CA.

Certificate

95

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