Money Release Documents Hosur .docx

21.03.2016 To, The Sub – Collector Hosur – 635 109. Tamilnadu Sub : Release of Cash seized by the Election flying squad on 11.03.2016 at TVS check Post- Hosur (Tamilnadu) Respected Sir, I Mahendra Kumar Singhi S/o Prithviraj Singhi representing M\S STEEL HYPERMART INDIA PVT LTD as one of the director of the company. Our company is doing business activity at Hosur & Bangalore since very long. On 11.03.2016, I was carrying cash of Rs. 5317060.00 (Fifty Three Lacs seventeen Thousand Sixty Rs.) for payment of land purchases from Mr Sampangi at Denkanikottai taluk Kelamangalam Village. The agreement for land purchases was executed on 14.01.2016. Company has given advance Rs. 1000000.00 at the time of sale agreement. The balance payment of Rs. To be given by the company before registry of the sale deed. As per commitment I have collected cash from our Bangalore office and came up to TVS check post. At TVS check post our car was inspected by Election flying squad and they found cash in my car. I have explained that this money is for business deal and I was carrying this money on behalf of the company. But flying squad told me that due to election declare at Tamilnadu no person is allowed to carry cash more than Rs. 50000.00 as per election commission order.

Than the money was seized by the election flying squad at sub – collector office Hosur and I have given acknowledgement of the same.

I was told by the officer that I have to produce all the documentary evidence to prove that the cash carrying by me is for business activity only. I have already submitted following documents for your kind verification.  Three years income tax returns with computation of total income of our company M\s Steel Hyermart India Pvt Ltd. (Ay- 2013-14,2014-15, 2015-16)  Bank statement of our company for proof of cash withdrawals from bank.  Pan card copy of M\s Steel Hypermart India Pvt Ltd.  Pan card Copy and address proof of company Director Mr Mahendra Kumar Singhi.  Memorandum copy of company and Roc Documents.  Copy of sales agreement of land executed on 14.1.2016.  Copy of sale deed to be executed by the company.  Copy of annexure “57” issued by the Executive magistrate on 11.3.2016 I request you to verify all the documents provided by me as documentary evidence for carrying cash for our business purpose. I am ready to provide any other documents require by you for further verification. I once again request you to give release order for our cash of Rs. 5317060.00. Thanks and regards

For Steel Hypermart India Pvt Ltd.

(Director) Encl:- a/a

From,

M/S STEEL HYPERMART INDIA PVT LTD, Represented by its Director Mr. Mahendra Kumar Singhi S/O Prithviraj singhi No.2/1A, Nanjappa Road, Shanthi Nagar, Bengaluru To, The Sub – Collector Hosur – 635 109. Sub : Requesting Letter to release the seized amount by flying sqad. Dear Sirs, Sir this is Mr. Mahendra Kumar Singhi S/O Prithviraj singhi the Director of M/S STEEL HYPERMART INDIA PVT LTD. I am a Business man and I am going to purchase lands for company purpose in Denkanikottai taluk Kelamangalam village. On 11.03.2016 I am going with the amount of Rs.53,17,060.00 (Fifty three lakh seventeen thousand sixty only) from Bangalore to Kelamangalam register office to register which are already Decided to register a Sale Deed. At the time your Flying squad seized the above mentioned amount in the T V S Check post on 11.03.2016 at 5.30 p.m. As per discussion with you and your team I am producing required records(records listed below) for my seized amount. So we request you to release the seized amount. And I am not a politician, I am purely business man only, I am using the amount only for business purpose. For your reference I had already purchased and registered lands towards document No.7475/2015, 6944/2015 and 1006/2016 the registered document copy also attached. Records List. 1. 2. 3. 4. 5. 6.

3 years IT return documents. Bank Statement. Identity proof. Sale Deed Pan card. Company Identity.

Yours truly