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M/S. KOTHARI CONSTRUCTION CO.
Office:A,103, 1sl Floo( Rami Heritage, Opp. Old RTO Ofiice, Akola
Phone : (0724)24583325, Email : paftoakl@gmail.com
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ANlSO9001 i2015 Certified Company PWD Class 1(A) Registration                                                 Conti,,ktnls Developers & Conta.lon



Ref.   No.                                                          FoRMAT.A,                             Date:63)ot)2ozr
                                 Declaration about Separate Bank Account for Real Estate Projects
                                                 (On the t€tterhead of the promoter)


                       A. Name of the Promoter Organisation : KOTHARI CONSTRUCTION COMPANY
                        B. Name of the Project : LOTUS PARK

                        1   . lAy'Ue are aware that as Per Seclion 4(2Xl)(D) of Real Estate (Registration and Development)
                              Act, 2016, promoters are required to Open a separate account in a scheduled bank to for the
                              purpose of depositing seventy per cent of the amounts realised for the real estate project
                              from the allottees, from time to time.

                       2. Accordingly, l/We have a separate bank account for thi6 Real Estate project / phase of real
                              estate projeci the particulars whereof are as follows:

                              Account Name: !g[!lq!].BK
                              Account Number: 01 01 0330,l001 825
                              Bank Name: THE AKOLA JANATA COMMERCIAL CO-OPERATIVE BANK
                              Branch Name: GOMKSHAN ROAD
                              IFSC Code: AKJ80000010


                       3. We hereby confirm that the aforesaid BankAccount:
                              a. is a separate Bank Account, exclusively for depositing Seventy per Cent of amounts
                                 realised for the Real EstateProjec{ from the allottees, from time to time;

                              b. is a No Lien Account and No Loan / Charge / Encumbrance can be undertaken against
                                 the amounts deposited in this bank account;

                              c. the amounts in this separate bank account shall be withdrawn and used in consonance
                                 and in compliance with Section 4(2) (l)(D) of the Act, Rute 5 of the Rules, Regutation 3 of
                                 the Regulalions, the Orders as well as the Circulars of MahaRERA and in compliance of
                                 Circular No.39/2021 dated 28.12.2021 read with Circutar No. 39A / 2022 dated
                                 17.03.2022;

                              d. shall be audited within Six Months after end of every financial year and shall upload on
                                 MahaRERA promoter web page the statements of accounts duly certified and signed by a
                                 Chartered Accountant in practice.


                        Dale: 0310812022                                                               Promoter


                                                                                                      @nryy-
                                                                                                  (Sign and Stamp)