th - IDBI Bank..., containing following information / documents, duly addressed to Sri Naresh Baral,...
Transcript of th - IDBI Bank..., containing following information / documents, duly addressed to Sri Naresh Baral,...
IDBI Tower, 14th Floor,
WTC Complex, Cuff Parade,
Mumbai- 400005.
Tender for :
Group Term Life Insurance Policy for Employees-
Other Staff Loans
IDBI Bank Ltd
Prepared by Anand Rathi Insurance Brokers Limited
Date of Tender : Nov.15th , 2018 to Nov.29th , 2018
upto 3:00 p.m.
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Important definitions/ clarifications:
“Bank” means IDBI Bank Ltd
“Broker” means Anand Rathi Insurance Brokers Ltd
“Recipient”, “Respondent”, “Vendor”, “Agency” and “Bidder” means respondent to this RFP
Document
Party to the bid can be “Company”, “limited Liability Partnership”, ”Firm”, “Proprietor firm”,
“Partnership firm”,
“RFP” means this Request for Proposal document
Words “Selected Bidder” means the applicant who is declared successful after completion of the
Entire process of evaluation as defined under this RFP.
“ARIBL” means Anand Rathi Insurance Brokers Ltd
Confidentiality
This document is meant for the specific use by the Company / person(s) interested to participate in the
current tendering process. This document in its entirety is subject to Copyright Laws .IDBI bank Ltd. expects
the bidder or any person acting on behalf of the bidders strictly adhere to the instructions given in the
document and maintain confidentiality of information. The bidders shall be held responsible for any misuse
of information contained in the document in the event that such a circumstance is brought to the notice of
the Bank. By downloading/purchasing the document, the interested party is subject to confidentiality
clauses.
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TABLE OF CONTENTS:
Sr. No. Contents Page No.
1 Bank’s Profile and pre-qualification criteria ( Submission of Technical Bid ) 4-5
2 Terms and Conditions of Group Term Life Insurance Policy 6-7
3 Demographic Data of Employees 8
4 Claims Data 9
5 Special Conditions forming a part of the policy 9
6 Framework of the Policy 9
7 Bid Structure 10
8 Financial Bid 10
9 Brokers profile 11
10 Instruction for bidder 12
11 Schedule 13
12 Disclaimer 14
13 Declaration of Technical Bid – I 15
14 Declaration of Financial Bid – II 16
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Section 1 – Bank Profile
IDBI Bank Ltd. is one of India's largest commercial Banks. For over 50 years, IDBI Bank has essayed a key
nation-building role, first as the apex Development Financial Institution (DFI) (July 1, 1964 to September
30, 2004) in the realm of industry and thereafter as a full-service commercial Bank (October 1, 2004
onwards). As a DFI, the erstwhile IDBI stretched its canvas beyond mere project financing to cover an
array of services that contributed towards balanced geographical spread of industries, development of
identified backward areas, emergence of a new spirit of enterprise and evolution of a deep and vibrant
capital market. On October 1, 2004, the erstwhile IDBI Bank converted into a Banking company (as
Industrial Development Bank of India Limited) to undertake the entire gamut of Banking activities while
continuing to play its secular DFI role. Post the mergers of the erstwhile IDBI Bank with its parent
company (IDBI Ltd.) on April 2, 2005 (appointed date: October 1, 2004) and the subsequent merger of the
erstwhile United Western Bank Ltd. with IDBI Bank on October 3, 2006, the tech-savvy, new generation
Bank with majority Government shareholding today touches the lives of millions of Indians through an
array of corporate, retail, SME and Agri products and services.
Headquartered in Mumbai, IDBI Bank today rides on the back of a robust business strategy, a highly
competent and dedicated workforce and a state-of-the-art information technology platform, to structure
and deliver personalised and innovative Banking services and customised financial solutions to its clients
across various delivery channels.
As an Universal Bank, IDBI Bank, besides its core banking and project finance domain, has an established
presence in associated financial sector businesses like Capital Market, Investment Banking and Mutual
Fund Business. Going forward, IDBI Bank is strongly committed to work towards emerging as the 'Bank of
choice' and 'the most valued financial conglomerate', besides generating wealth and value to all its
stakeholders.
IDBI Bank invites sealed Tenders from well established and reputed Insurance Companies holding valid
IRDA License as on date of the date of submission of Tender for procuring Life Insurance business in India.
Technical Bid
Tendering process will be divided in two sections as mention below:
1. Technical Bid 2. Financial Bid
The Bid shall be submitted in two parts viz. Part-I (Technical bid) and Part- II (Financial bid) in two
separate sealed envelopes under one sealed envelope super scribing with the words "Tender for
Procuring Group Term Life Policy for IDBI Bank Employees-Other Staff Loans “. The prospective bidders
are advised to peruse the entire Request for Proposal document (RFP) for compliance in all respects to
participate in the bidding process.
Cover forming Part-I of the Bid should be super-scribed with the words"Tender for Procuring
Group Term Life Policy for IDBI Bank Employees-Other Staff Loans “
, containing following information / documents, duly addressed to Sri Naresh Baral, General Manager
(FIMD/Admin), IDBI Tower, WTC Complex, 14th Floor, Cuffe Parade Mumbai- 400005 during office hours
on any working day of the Bank on or before, Nov. 29 ,2018 up to 3:00 p.m
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Pre-Qualification Criteria for qualifying in the Technical Bid :
Basic
Requirement Eligibility Criteria
Documents to be submitted
(Duly attested)
License
The bidder must have an IRDA license as on
the date of submission of RFP response for
procuring Life Insurance business in India.
A copy of the certificate
should be submitted
Legal Entity
The bidder should be in existence for at least
5 years and should be in the line of business
of providing Life Insurance during the said
period.
Copies of Certificate of
Incorporation and Certificate
of Commencement of
business.
Experience
The bidder should have proven experience of
managing Group Life Insurance Policy for
Public Sector Banks/ Undertakings for a group
size of at least 10000 group size during the
last 2 financial years (2016-17, 2017-18).
Copies of Work Orders/
Agreements with Public Sector
Bank(s)/ Undertaking(s)
clearly stipulating the group
size should be furnished.
Claim
Settlement
Ratio
The bidder should have a minimum Claim
Settlement Ratio of 90% as on 31.03.2018.
Undertaking on the company’s
letter head signed by the
Authorized Signatory should
be furnished.
Solvency
Ratio
The bidder should have the minimum
Solvency Ratio of 1:5 as on 31.03.2018
The bidder should submit a
Solvency Certificate certified
by the Statutory Auditor.
N.B:-
1) Only one tender per Bidder will be accepted.
2) It may be noted that Bids not accompanied by any one of the above documents or satisfactory
explanation therefore will be liable for rejection forthwith.
3) Document mentioned above from Sr.no. 1 to 6 may be annexed and submitted in serial order.
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Section 2 – Terms & Conditions for Group term life Insurance Policy for Employees
Name of the Insured IDBI Bank
Description of the Group
All eligible existing and future employees of the bank who have availed/ would avail staff Vehicle loan, Education Loan, Clean Over draft facility, Overseas Education shall become members under the terms and conditions of this contract
Insured Address IDBI Tower, WTC Complex, Cuff Parade, Mumbai – 400005
Policy Period 10th December 2018 – 09th December 2019
Type of Policy Group Term Life Cover
Total Sum Insured
INR 519,78,24,209 ( Outstanding Rs. 3,39,16,60,423 as on October 1, 2018) In Clean Over draft ( COD) Sanctioned amount has been considered for insurance cover.
Amount of Coverage
Outstanding Loan Amount including Interest thereon - INR 519,78,24,209/- and 17,218 number of Employees. In Clean Over draft ( COD) Sanctioned amount has been considered for insurance cover.
Eligibility Conditions Minimum Age – 18 Maximum Age – 60
Initial number of Member covered
17218 as on 1st October,2018 ( 17,292 no. Of accounts).
Vehicle Loan Group
Eligibility for taking Vehicle Loan All Confirmed officers in Grade “A” with Minimum 3 years of service. All confirmed Officers in Grade “B” and above only on confirmation. Clerical & Subordinate Staff – 5yrs & on confirmation.
Maximum Sum Insured INR 6,00,000 – officers INR 3,40,000 – Clerical & Subordinate Staff
No of Employees availed Vehicle Loan
3800 as on 1st October,2018 (actual may vary on account of those Joining and Leaving the bank from time to time)
Present Outstanding Principle and Interest (as on 26-10-2018)
INR 80,22,52,773
Average outstanding sum Insured per Employee
INR 2,11,119
Average age of borrower member 40 Years
Basic Life Cover (BLC) Outstanding Vehicle Loan including interest thereon.
Education Loan Group
Eligibility for taking Education Loan
Officer’s in Grade “A” and above on confirmation. Clerical & Subordinate staff – 3 years with confirmation.
Maximum Sum Insured INR 10,00,000 - officers INR 4,00,000 – Clerical & Subordinate Staff
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No of Employees availed Vehicle Loan
182 as on 1st October,2018 (actual may vary on account of those Joining and Leaving the bank from time to time)
Present Outstanding Principle and Interest (as on 26-10-2018)
INR 419,87,351
Average outstanding sum Insured per Employee
INR 2,30,700
Average age of borrower member 55 Years
Basic Life Cover (BLC) Outstanding housing Loan including interest thereon.
Clean Overdraft
Eligibility for taking Vehicle Loan Officer’s in Grade “A” and above on confirmation. All Class III & IV employees – On confirmation are eligible to avail COD facility
Maximum Sum Insured INR 7,50,000 INR 2,75,000 – Clerical INR 1,75,000 – Subordinate Staff
No of Employees availed Vehicle Loan
13,309 as on 1st October,2018 (actual may vary on account of those Joining and Leaving the bank from time to time)
Present Outstanding Principle and Interest (as on 1-10-2018)
INR 254,48,21,528 Outstanding ( cover for sanctioned limit ) Sanctioned amount of Rs. 435,09,85,314/- .
Average outstanding sum Insured per Employee
INR 191,210 - ( cover for sanctioned Limit) INR 3,26,921/-
Average age of borrower member 38 Years
Basic Life Cover (BLC) Entire Sanctioned Limit and enhancements in limits during policy period
Overseas Education
Eligibility for taking Vehicle Loan Officer’s in Grade “A” and above on confirmation.
Maximum Sum Insured INR 35,00,000
No of Employees availed Vehicle Loan
1 Member as on 1st October 2018 (actual may vary on account of those Joining and Leaving the bank from time to time)
Present Outstanding Principle and Interest (as on 26-10-2018)
INR 25,98,771
Average outstanding sum Insured per Employee
INR 25,98,771
Average age of borrower member 49
Basic Life Cover (BLC) Sanction amount including interest thereon
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Section 3 –Demography Data of Employees
Age Slab 21-25 26-30 31-35 36-40 41-45 46-60 Total
Vehicle Loan 151 752 1316 707 874 3800
Overseas Education Loan 1 1
Education Loan 182 182
Clean Overdraft 61 2303 4221 3251 1255 2218 13309
Total 61 2454 4973 4567 1962 3275 17292
Gender Bifurcation
Gender Vehicle IBOS Education COD
Male 2956 1 143 3491
Female 844 39 9818
Total 3800 1 182 13309
Details of the Outstanding and Sanction Loan (As on October 1, 2018
Sr. No. scheme
Nos. Acs Outstandings Sanctioned BLC Average Male Female
1 COD 13309 2544821528 4350985314 4350985314 326921 9818 3491
2 VEHICLE 3800 802252773 1033800390 802252773 211119 2956 844
3 IBOSS 1 2598771.2 2600000 2598771.2 2598771 1 0
4 EDULN 182 41987351 94159125 41987351 230700 143 39
5 Total 17292 3391660423 5481544829 5197824209 300591 12918 4374
Note: Above Mentioned data is based on the Employee data provided by IDBI Bank as on 1st October,
2018. Detailed List of the Employees availing loan will be shared at the time of placement of the policy.
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Section 4 – Claims Data
Particulars 2017-18 2018-19
Total No 14 8
Vehicle Loan 9,20,919 2,14,000
Overseas Education Loan NIL NIL
Education Loan 6,07,546 NIL
Clean Overdraft 22,21,000 24,68,000
Total 37,49,465 26,82,000
Section 5 – Special Conditions forming part of the Policy
a) Bank shall purchase the Group Term Life Insurance policy from the selected bidder for a period of
one year(10th December 2018 – 09th December 2019 )for the sum insured, in the event of any
kind of death such as natural death, accidental death, suicidal death, death due to any illness,
death due to pre-existing illness including critical illness etc.
b) Please note that the Bank reserves the right to reject one or all of the quotations received in this
connection without assigning any reason.
Frame work of the Proposed policy
Group Term Life Insurance Policy purchased by the Bank from the selected bidder will cover its
17,292 employees availing various types of loans for O/s Loan Amount of INR 3,39,16,60,423 as
on 1 st October ( cover for sanctioned limit ) Rs. 519,78,24,209/.
The information of new entrants (new borrowers) and those leaving will be reported to the
Insurance company on or before the 15th of the following month of the date of entry/exit. All such
new entrants would be deemed to be covered till such time the information has been actually
sent to the Insurance Company.
The minimum and maximum age of the customers will be 18 years and 60 years respectively.
Payment of claim should be settled for all kinds of deaths, within a month from the date of
submission of claim.
The selected bidder should release the payment of claim to the Master Policy holder or
dependent of deceased personnel through the bank/account of the nominee/dependent of the
deceased employee on submission of attested copy of death certificate and claim form.
The Claim should be settled within 30 days after submission of the required documents.
Waiting period of any nature to be waived off.
The Placement of the Policy will be routed through M/S Anand Rathi Insurance Brokers Ltd. (ARIBL) who
will offer the following services:
ARIBL will coordinate with the claimant and Insurer for follow up and expeditious settlement of all the
claims.
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Financial Bid
This Cover forming Part II of the Bid should be super-scribed with the words "Tender for Procuring Group
Term Life Policy for IDBI Bank Employees-Other Staff Loans “
The premium quotes should be given exclusive of GST. This cover will be opened subsequently and only
after short-listing the bidders based on technical bids.
Notes:-
a) Opening of Financial Bid will be based on the data submitted in Technical Bid.
b) Bidder shall satisfy pre-qualification criteria to qualify in the Technical Bid.
c) The Bidders, short-listed on the basis of the Technical bid only shall be eligible for participating in
the financial bid.
d) IDBI Bank shall have the right to decide on the omission of the participating bidders on the basis
of Technical qualifications, without giving explanation to any of the participants or any other
parties and also exclude them on the basis so decided by the Bank to participate in the financial
bid.
e) IDBI Bank’s right to accept any Bid and to reject any or all Bids.
Section 6 – Broker Profile
Anand Rathi Insurance Brokers Ltd (ARIBL) is a part of Anand Rathi Group, a leading financial services
company with PAN-India presence as empanelled broker of the bank will be facilitating the Bank for
selection of a General Insurance Company for providing insurance covers for various policies of IDBI Bank
Ltd
The communication address is as under:
Anand Rathi Insurance Brokers Ltd. 10thFloor, Regent Chambers, Jamnalal Bajaj Road, Nariman Point,
Mumbai 400021
ARIBL shall facilitate the opening of technical bids by the Bank on Nov. 29 , 2018 at 3:10 p.m. at the
address mentioned in the schedule in front of the Bidders. The Insurance Company may depute their
authorized representative (Not more than one) for a said proposal.
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The selection processes consist of two stages:
In the first stage, ARIBL will evaluate the technical bids for all the participants and the bidders who
agree to all terms and conditions of the tender will be declared as technically qualified for financial
bid.
In the second stage, the financial bids of technically qualified bidders will be opened on Dec. 03 ,
2018 at 3:00 p.m. at the address mentioned in the schedule in front of the Bidders. The Insurance
Company may depute their authorized representative (Not more than one) for a said proposal. L1
amongst them will be awarded the tender.
Clarifications to the tender may be sought from:
a) Mr. Nikhil Gajre, Relationship Manager, M/s Anand Rathi Insurance Brokers Ltd, he can be
contacted on +91- 7045993159/7977671443, 022-4909 3023, Email-ID- [email protected]
b) Ms. Nivya Rai, Manager, M/s Anand Rathi Insurance Brokers Ltd, she can be contacted on +91-
9869722668, 022-4909 3064, Email-ID- [email protected]
c) Ms. Supriya Sulakhi - Manager, M/s Anand Rathi Insurance Brokers Ltd , she can be contacted
on +91 -9892052624 , 022 4909 3012 , E mail – ID- [email protected]
Ms. Sapna Maheshwari – Vice President, M/s Anand Rathi Insurance
Brokers Ltd, she can be contacted on +91 9930357213, 022 4909 3015.
Email-ID- [email protected]
Instruction for Bidder
1. Before filing Bid Documents and making applications in this regard, the Bidders should carefully
examine the Bid Documents. Bid shall be deemed to have been submitted after careful study and
examination of this RFP with full understanding of its implications. The Bid should be precise,
complete and in the prescribed format as per the requirement of this RFP.
2. Failure to furnish all information required by this RFP or submission of a Bid not responsive to this
RFP, in every respect, will be at the Bidder’s risk and may result in rejection of the Bid and for which
IDBI Bank shall not be responsible.
3. The bid shall be signed / executed along with Form of Bid by a person or persons duly authorized by
the Bidder. The representative of the Bidder should have the proper documentary evidence (power
of attorney, board resolution, other corporate authorization) authorizing him to execute any
documents on behalf of the company. In case of power of attorney, the same has to be duly
stamped, properly executed, notarized and witnessed and supported by relevant corporate
authorizations.
4. The Bidder, irrespective of its participation in the Bid process, shall treat the details of the Bid
Documents as secret and confidential at all times.
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5. If the Bid Documents submitted is not in conformity with the Bid Document published by IDBI Bank,
it shall be rejected forthwith and without assigning any reason whatsoever, at any stage including
after awarding the contract to the Bidder. In case of any disputes, document maintained in /
submitted to IDBI Bank shall be treated as authentic. Bidder should submit a declaration along with
the relevant Bid Documents that the Bid Document has not been altered / modified in any way. Any
decision of IDBI Bank in this regard shall be conclusive, final and binding on the Bidder(s).
6. The Bid forms and the Documents attached to it shall not be detached or removed one from the
other and no alteration (s) or mutilation (s) (other than filling in all the blank spaces) shall be made in
any of the Bid Documents attached thereto. No alterations/modifications or changes to entries in the
Bid Documents shall be entertained.
7. The Bidder shall bear all costs for the preparation and submission of the Bid Documents. Bank shall
not be responsible or liable for reimbursing/compensating these costs, regardless of the conduct or
outcome of the bidding process.
8. The Bidders shall submit their offers strictly in accordance with the terms and conditions of the Bid
Documents as stated therein/herein. Any Bid, which stipulates conditions contrary to the conditions
given in the Bid Documents, shall be rejected forthwith. The decision of IDBI Bank in this regard shall
be final, conclusive and binding on the Bidder(s).
9. The Bidder is expected to examine and follow all instructions, forms, terms & conditions, in the Bid
Document. Failure to furnish complete information in all respects required by the Bid Document or
submission of a Bid not substantially responsive to the Bid Document in every respect will be at the
Bidder's risk and may result in the rejection of the Bid by Bank. Any decision in this regard by IDBI
Bank shall be final, conclusive and binding on the Bidder.
Schedule
Sr. No Activity Timeline
1 Receipt of queries through e mail on :
with cc to :
[email protected];[email protected];
Nov. 26, 2018 upto 5:00 p.m.
2 Date & Time of submission of Bids Nov. 29, 2018 till 3:00 p.m.
3 Address for Submission of Bid and Tender
opening
Naresh Baral, General Manager–Admin Dept.
IDBI Bank Ltd
IDBI tower, 14th Floor,
WTC Complex, Cuffe Parade
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Mumbai- 400005.
4 Date and time for Technical Bid opening Nov. 29, 2018 at 3:10 p.m.
5 Date and time for Financial Bid opening Dec. 03 , 2018 at 3:00 p.m.
6 Contact person and details a) Mr. Nikhil Gajre, Relationship Manager,
M/s Anand Rathi Insurance Brokers Ltd, he
can be contacted on +91-
7045993159/7977671443, 022-4909 3023,
Email-ID- [email protected]
b) Ms. Nivya Rai, Manager, M/s Anand Rathi
Insurance Brokers Ltd, She can be
contacted on +91- 9869722668, 022-4909
3064, Email-ID- [email protected]
c) Ms. Supriya Sulakhi - Manager, M/s
Anand Rathi Insurance Brokers Ltd , she
can be contacted on +91 -9892052624 ,
022 4909 3012 , E mail – ID
d) Ms. Sapna Maheshwari – Vice President,
M/s Anand Rathi Insurance Brokers Ltd,
she can be contacted on +91 9930357213,
02249093015. Email-ID-
Disclaimer
The information contained in this document or information provided subsequently to bidder(s) or
applicant(s) whether verbally or in documentary form by or on behalf of IDBI (or Bank), is provided to the
bidder(s) on the terms and conditions set out in this document and all other terms and conditions subject
to which such information is provided. This document is not an agreement and is not an offer or invitation
by IDBI Bank to any parties other than the applicant(s) who are qualified to submit the bids (hereinafter
individually and collectively referred to as ―Bidder or ―Bidders respectively). The purpose of this
document is to provide the Bidders with information to assist the formulation of their proposals. This
tender does not claim to contain all the information each Bidder require. Each Bidder may conduct its
own independent investigations and analysis and is free to check the accuracy, reliability and
completeness of the information in this document. IDBI Bank makes no representation or warranty and
shall incur no liability under any law, statute, rules or regulations as to the accuracy, reliability or
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completeness of this document. The information contained in the document is selective and is subject to
updating, expansion, revision and amendment. It does not purport to contain all the information that a
Bidder require. IDBI Bank does not undertake to provide any Bidder with access to any additional
information or to update the information in the document or to correct any inaccuracies therein, which
may become apparent.
IDBI Bank reserves the right of discretion to change, modify, reject, add to or alter any or all of the
provisions of this document and/or the bidding process, without assigning any reasons whatsoever.
IDBI Bank in its absolute discretion, but without being under any obligation to do so, update, amend or
supplement the information in this document. IDBI Bank reserves the right to reject any or all proposals
received in response to this document at any stage without assigning any reason whatsoever. The
decision of IDBI Bank shall be final, conclusive and binding on all the parties.
The bidder shall bear all the costs associated with or relating to the preparation and submission of the bid
including but not limited to preparation, copying, postage, delivery fees, expenses associated with any
demonstrations or presentations which may be required by the Bank or any other costs incurred in
connection with or relating to the bid. All such costs and expenses will remain with the bidder and the
Bank shall not be liable in any manner whatsoever for the same or for any other costs or other expenses
incurred by a bidder in preparation or submission of the Bid, regardless of the conduct or outcome of the
bidding process
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Annexure – 1
Date:
General Manager-Admin Dept.
IDBI Bank Ltd, IDBI Tower
WTC Building, 14th Floor,
Cuff Parade
Mumbai- 400005
Declaration for Technical Bid
Dear Sir,
This is with reference to the Tender for Group Term Life Insurance to cover Vehicle loan, Education Loan,
Clean Over draft facility, Overseas Education provided by IDBI Bank to their Employees
After going through the Bid Documents, the receipt whereof is hereby duly acknowledged, I/we
undertake to offer my/our services in conformity with your requirements and the terms and conditions
out in the Tender Document issued by Anand Rathi Insurance Brokers Limited (ARIBL)
(In Case of any deviations in the said proposal, it should come as a separate document attached with
this declaration so that the evaluation of the same is easy.The technical bid should be submitted on
the Company’s letter and should bear the company’s seal and the name, designation and signature of
the Authorized Signatory of the Company
Dated ____ day of ________ 2018.
……………………………….
(Signature of the authorized person of the bidders)
…………………………………………………………..
(Name and address of the bidders)
…………………………………………………………..
(Seal of the bidders)
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Annexure – 2
Date:
General Manager-Admin Dept.
IDBI Bank Ltd, IDBI Tower
WTC Building, 14th Floor,
Cuff Parade
Mumbai- 400005
Declaration for Financial Bid
Dear Sir,
This Financial bid submitted to the Bank is after getting the required approvals from the Competent
Authorities of our company. Quotes will be excluding GST Taxes
Format for Submission of Financial BID
i. Total sum assured
Outstanding of Rs. 339,16,60,423 and cover for
Rs. 519,78,24,209
ii. Age of coverage Up to 60 years
iii. Validity of the policy
Effective from 10th December, 2018 till Dec. 09 ,
2019 (One year)
iv. Premium rate per ‘000
v. Annual premium
vi. Tax [GST etc.]
vii. Total premium [Annual premium + GST]
viii. Other Charges if any
Additions & Deletions in the number of Employees will be provided on or before 15th of each month. GST @ applicable rate shall be paid extra.
The financial bid should be submitted on the company’s letter head and should bear the company’s
seal and the name, designation and signature of the Authorised Signatory of the company.