ANNEXURE-III

Instructions to the Applicants

The BGs to be issued should comply with the following criteria:

1. Bank Guarantee text should be strictly as per CERC approved Format

2. Stamp Paper to be purchased by Bank with Bank as first Party and Central Transmission
Utility of India as second party.

3. Bank Guarantee to be submitted should have signatures of Two Witness with their Names
and addresses

4. BG shall have Bank official’s Signature with Designation, Official Stamp and Address

5. Attorney (as per Power of Attorney) number with date.

6. Conn-BG1, Conn-BG2 and Conn-BG3 shall be issued by any scheduled commercial bank
recognized by Reserve Bank of India, in favor of Cental Transmission Utility of India Limited.

7. Claim for BG is to be lodged in the bank branch situated in NCR only. Further, BG shall be
payable at any of the bank branch situated in NCR.

8. SFMS along with Bank Guarantee is to be provided.

9. Claim date should be one year later than the expiry date of the BG.

10. Bank should provide name, mobile number, email address of its officer with complete postal
address with pin code where BG is to be verified, claim is to be lodged and for any further
future correspondences for rectification / renewal / discharge / encashment of BG.

11. For BG verification using SFMS facility, the following methodology is to be adopted.

a) At the time of issuance of the BG (including its extensions), in order to avail BG verification
through SFMS facility, the issuing Bank will input the IFSC code as SBIN0017313 which is
the bank of the beneficiary i.e. Central Transmission Utility of India Limited (CTUIL), in the
Advising Bank field in their Trade Finance Portal for BG issue. The details of CTUIL’s
account are as below:

• A/c no: 40007029694

 • Branch: CAG-II New Delhi (17313)

b) Following additional paragraph regarding issuance of Bank Guarantee through SFMS

Platform consisting of the following should be added at the end of the proforma of the Bank
Guarantee (i.e. end paragraph of the Bank Guarantee preceding the signatures of the
issuing authority of the BG)

“This Guarantee has been issued using SFMS Platform and the requisite
communication in this regard has been forwarded to the Beneficiary Bank.”

c) The BG should be issued through SFMS facility to the extent possible. In cases where
SFMS feature is not activated, the same shall be confirmed by the issuing bank. In such
cases, the BGs will be issued by Banks through their Trade Finance Portal and verification
of the same will be done through paper based BG confirmation.

12. The applicant shall submit the Check List as given below along with the Bank Guarantee.
 Check List to be provided along with Bank Guarantee under GNA Regulations

S.No Checking Parameters Yes or No Deviation if any with

(Please Tick) reasons
1 Whether the Bank Guarantee text is as Y/N
per CERC approved Format
2 Whether the Stamp Paper of Appropriate Y/N
value is purchased by Bank with Bank as
first Party and Central Transmission
Utility of India as second party.
3 Whether the Bank Guarantee has Y/N
signatures of Two Witness with their
Names and addresses
4 Whether the Bank Guarantee has Y/N
Signature of the BG issuing Bank official
along with designation, official stamp,
branch address & specific code of the
official.
5 Whether the Bank Guarantee is issued Y/N
by scheduled commercial bank
recognized by Reserve Bank of India, in
favor of Central Transmission Utility of
India Limited

6 Whether the Bank Guarantee is payable Y/N

at any of the bank branch situated in
NCR.
7 Whether the Bank Guarantee is issued Y/N
through Trade Finance Portal.
8 Whether the Bank Guarantee is issued Y/N
with SFMS
9 Whether the Bank Guarantee validity Y/N
period is as per intimation of grant/GNA
Regulation
10 Whether the Claim date is minimum 365 Y/N
days beyond the date of expiry of BG.

11 Whether the Bank has provided name, Y/N

mobile number, email address of its
officer with complete postal address with
pin code where BG is to be verified,
claim is to be lodged and for any further
future correspondences for rectification /
renewal / discharge / encashment of BG.
Signature & Name of authorized person

Company Stamp
Date

Please refer “Instructions to the Applicants” mentioned above

(To be stamped in accordance with Stamp Act)

FORMAT-LAND-BG
-------------------------------------------------------------------------------------------------------------------------------

Ref. ………………………. Bank Guarantee No. ………………..………

Date …………………………………….…..
To

Central Transmission Utility of India Ltd.

Saudamini, Plot No.2
Sector 29, Near IFFCO Chowk
Gurgaon (Haryana) - 122001, INDIA

Dear Sirs,
In consideration of the Central Transmission Utility of India Ltd, (hereinafter referred to as the ‘CTUIL’ which expression
shall unless repugnant to the context or meaning thereof include its successors, administrators and assigns) having
assigned by CERC to process Connectivity and General Network Access applications as per “Central Electricity
Regulatory Commission (Connectivity and General Network Access to inter-state Transmission System) Regulations,
2022” and M/s …………………......................... (name of applicant) who has applied for Connectivity with its
Registered/Head office at ……………………………. (hereinafter referred to as the “CONNECTIVITY APPLICANT”
which expression shall unless repugnant to the context or meaning thereof, include its successors, administrators,
executors and assigns)
AND WHEREAS as per Central Electricity Regulatory Commission (Connectivity and General Network Access to inter-
state Transmission System) Regulations, 2022”, CONNECTIVITY APPLICANT is required to furnish a Bank
Guarantee) for a sum of Rs. --------- /- (Rupees ------- Only) as a security for fulfilling its commitments to CTUIL as
stipulated under Regulation 5 of the aforesaid Regulation.
WHEREAS it has been agreed by the CONNECTIVITY applicant that in case of failure to submit stipulated documents
as a proof of Ownership or lease rights or land use rights within 180 days of issuance of final grant of Connectivity
and in abiding various terms and conditions required as per CERC, Connectivity and General Network Access to inter-
state Transmission System) Regulations, 2022on the subject, CTUIL shall have the right to collect at the rate of Rs.
10,00,000/MW (Rupees Ten Lakh only/MW) for total quantum of connectivity granted to connectivity Applicant.
We………………………………………………………………………………………
(Name & Address of the Bank)
having its Head Office at…………………………….(hereinafter referred to as the ‘Bank’, which expression shall, unless
repugnant to the context or meaning thereof, include its successors, administrators, executors and assigns) do hereby
guarantee and undertake to pay the CTUIL on demand any and all monies payable by the CONNECTIVITY
APPLICANT to the extent of …………………………………………………………………..as aforesaid at any time upto
………………**………………………………(days/month/year) without any demur, reservation, context, recourse or
protest and/or without any reference to the CONNECTIVITY APPLICANT.
Any such demand made by the CTUIL on the Bank shall be conclusive and binding not withstanding any difference
between the CTUIL and the APPLICANT or any dispute pending before any Court, Tribunal, Arbitrator or any other
authority. The Bank undertakes not to revoke this guarantee during its currency without prior consent of the CTUIL and
further agrees that the guarantee herein contained shall continue to be enforceable till the CTUIL discharges this
guarantee or till the expiry of tenor (including Claim period) whichever is earlier.

The CTUIL shall have the fullest liberty without affecting in any way the liability of the Bank under this guarantee, from
time to time to extend the time for performance of the obligations under the Central Electricity Regulatory Commission
(Connectivity and General Network Access to inter-state Transmission System) Regulations, 2022” by the
APPLICANT. The CTUIL shall have the fullest liberty, without affecting this guarantee, to postpone from time to time
the exercise of any powers vested in them or of any right which they might have against the APPLICANT, and to
exercise the same at any time in any manner, and either to enforce or to forbear to enforce any covenants, contained
or implied, under the Central Electricity Regulatory Commission (Connectivity and General Network Access to inter-
state Transmission System) Regulations, 2022” or any other course or remedy or security available to the CTUIL. The
Bank shall not be released of its obligations under these presents by any exercise by the CTUIL of its liberty with
reference to the matters aforesaid or any of them or by reason of any other act of omission or commission on the part
of the CTUIL or any other indulgences shown by the CTUIL or by any other matter or thing whatsoever which under
law would, but for this provision have the effect of relieving the Bank.
The Bank also agrees that the CTUIL at its option shall be entitled to enforce this Guarantee as a principal debtor, in
the first instance without proceeding against the APPLICANT and not withstanding any security or other guarantee the
CTUIL may have in relation to the APPLICANT’s liabilities.

Notwithstanding anything contained hereinabove our liability under this guarantee is restricted to Rs. -------- /- (Rupees
------ Only) and it shall remain in force up to and including................................................................(minimum 1 year
from the last date of the month in which application has been submitted) and shall be extended from time to time for
such period (not exceeding ........ year), as may be desired by M/s ................... on whose behalf this guarantee has
been given. CTUIL shall be entitled to invoke this guarantee up to three hundred sixty five (365) days of the last date
of the validity of this Guarantee.

Notwithstanding anything contained herewith:

i. Our liability under this Bank Guarantee shall not exceed Rs. ----000/- (Rupees ----- Only).

ii. The Bank Guarantee shall be valid up to (minimum 1 year from the last date of the month in which application
has been submitted) ………………. and claim period is --------(minimum 1 year from date of validity of bank
guarantee)

iii. We are liable to pay the guaranteed amount or any part thereof under this Bank Guarantee only and only if you
serve upon us a written claim or demand on or before ……………………(date of expiry of claim period of
Guarantee) in ……….. (name and address of branch of Bank in NCR)

Dated this ............... day of ..................... 20 ........................ at....................

“This Guarantee has been issued using SFMS Platform and the requisite communication in this regard
has been forwarded to the Beneficiary Bank.”

WITNESS

…………………. ………………….
(Signature) (Signature)

…………………. ………………….
(Name) (Name)

…………………. ………………….
(Official Address) (Designation with Bank Stamp)

Attorney as per Power

of Attorney No……………………

Date.......................