SPH ASSOGAITES
                VINAYAK SANKUL, TAPADIYA NAGAR, AKOLA-444OOI (M.S)



                                           Format'A'
             Declaration about Separate Bank Account for real estate projects.

A. Name of the Promoter Organisation: SPH Associates

B. Name of the Project: The Tulip Tower

l. I am aware that as Per section 4 (2) (D (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, I have a separate bank account for this real estate project the particulars whereof
are as follows:

Account Name: - SPH Associates
Account Number: 24022365557 43804
Bank Name: - AU Small Financc Bank
Branch Name: - Akola
IFSC Code: - AUBL0002365

3. We hereby confirm that the aforesaid bank account


a. is a separate bank account, exclusively lor depositing seventy per cent of amounts realised for
the real estate project from the allottees, lrom time to time;


b. is a no-lien account and no loan / charge / encumbrance can be undertaken against the antounts
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c. the amounts in this separate bank account shall be withdrawn and used in consonance and in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(2XI)(D) of the Act, Rule 5 ol the Rules, Regulation 3 of the
Regulations, the Orders as well as the Circulars of MahaRERA and in compliance of Circular
No.391202-l dated 28.12.2021 read with Circular No. 39A I 2022 dated, 17 .03.2022:


d. shall be audited within six months after end ofevery financial year and shall upload on
MahaRERA promoter web page the statements of accounts duly certified and signed by a
chartered accountant in practice.



Date:0410512024
                                                                        /,A Ph"'J
                                                                      Sushilkumar R Khowal
                                                                           Partner/Karta