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    Demand Promissory Note: 1 - Page

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    Krishna Kishore
    This is a demand promissory note between a company as the borrower and another party as the lender. The borrower unconditionally promises to pay the lender INR [amount] plus any applicable interest until full payment. If any installment is defaulted on, the entire unpaid balance becomes due. The note is signed and stamped by an authorized representative of the borrower company.

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    Demand Promissory Note: 1 - Page

    Uploaded by

    Krishna Kishore
    104 views1 page
    This is a demand promissory note between a company as the borrower and another party as the lender. The borrower unconditionally promises to pay the lender INR [amount] plus any applicable interest until full payment. If any installment is defaulted on, the entire unpaid balance becomes due. The note is signed and stamped by an authorized representative of the borrower company.

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    Draft Demand promissory Note

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    This is a demand promissory note between a company as the borrower and another party as the lender. The borrower unconditionally promises to pay the lender INR [amount] plus any applicable interest until full payment. If any installment is defaulted on, the entire unpaid balance becomes due. The note is signed and stamped by an authorized representative of the borrower company.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    104 views1 page

    Demand Promissory Note: 1 - Page

    Uploaded by

    Krishna Kishore
    This is a demand promissory note between a company as the borrower and another party as the lender. The borrower unconditionally promises to pay the lender INR [amount] plus any applicable interest until full payment. If any installment is defaulted on, the entire unpaid balance becomes due. The note is signed and stamped by an authorized representative of the borrower company.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    DEMAND PROMISSORY NOTE

    Place:

    Date:

    On demand, we, ____________, a company incorporated under the Companies Act, 1956 and
    validly existing under the Companies Act, 2013, with corporate identification number
    ______________ and having its registered office at ___________________- (the “Borrower”,
    including its successors and permitted assigns), unconditionally promise to pay to
    _______________________ (the “______”, including its successors, transferees, novatees
    and assigns) or order, at their office situated at _________________ or wherever else
    demanded, notwithstanding non-presentment, the amount of INR ____________ (Indian
    Rupees ______________________) along with interest on the same [at the Interest Rate as
    specified in the facility agreement, dated __________, entered into, [inter alia, between the
    Borrower and _______] till date of payment in full, for value had and received. We agree and
    accept that on default of payment of any instalment in respect of the aforesaid amounts, the
    balance unpaid shall become due.

    Re. 1.00 revenue


    stamp to be
    affixed

    (Full signature over revenue stamp)

    THE COMMON SEAL of _______________ has pursuant


    to the resolution of its Board of Directors passed in that
    behalf on the ________________day of _______, 201_,
    hereunto been affixed in the presence of _____________ and
    ____________ who have counter signed these presents in
    token thereof.

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