PIPL Client Form
PIPL Client Form
PIPL Client Form
Company Address :
(Affix Registered office
B-7/45 Extn S/F Safadarjung Enclave, New Delhi – 110029 (India)
Rubber Stamp)
GSTIN
( Kindly attach Separate Annexure of Addresses if more than 2 places have to register )
Other Details : Please provide financial highlights for Credit Analysis and Risk Assessment
YEAR 1 YEAR 2 Current Year
Turnover : 56.34 38.31 34.41
Trade Reference : Please furish details of Running Trade Reference alongwith Bill Copy
Taxes
“Taxes and duties” mean any direct and indirect taxes, other than taxes which may be liable to pay at the stage of assessments or adjudication proceedings, levies or fees as may be applicable presently or as
may become applicable in the future.
Prices quoted by PIPL shall be exclusive of including but not limited to Goods and Services Tax (GST), Tax Collected At Source (TCS), any other applicable taxes and duties, levies and shall be charged
additionally. It shall be sole responsibility of the Buyer to comply with the Statutory forms/ declaration/ undertaking obtained from the Government authorities with respect to any orders. All statutory levy
applicability with respect to dispatch of goods including but not limited to taxes, duties, levies, any charges, road permit, statutory forms or any other statutory dues applicable for dispatch of products shall be
responsibility of the Buyer. The Buyer shall be solely responsible for submitting the evidence for claiming any exemption/ reduction / deduction in the statutory taxes and duties. In the event of failure to
submit the evidence, PIPL shall charge including but not limited to differential taxes and duties, interest, late fees, penalties, associated costs, any other levies etc. In the event that Buyer non-comply with the
any of the provisions of or shall not provide the necessary and required documents required by the various regulations including but not limited to Income Tax, GST, any other fiscal and/or statutory
regulations, by whatever named called, within in a reasonable period upon reasonable request therefore, then the Buyer shall indemnify to the PIPL for amounts including but not limited to taxes, interest,
penalties, late fees, fines, surcharge, any other associated costs, any other levies, by whatever named called, imposed upon PIPL with respect to any matters including but not limited to any reversal of input
tax credit (‘ITC’) or late filing of returns or payment of such amounts including but not limited to taxes, interest, penalties, late fees, fines, surcharge, any other associated costs, any other levies, by whatever
named called, resulting directly or indirectly from such non-compliances or such breach or such non-provisioning of requested documents by the Buyer. The Buyer shall be liable to pay Goods and Service Tax
(GST) and other applicable taxes imposed by law including but not limited to taxes, interest, penalties, late fees, surcharge, any other levies, by whatever named called, in case of any change in tax rate, law,
interpretation, demand or determination made on PIPL by the tax/ any other Government authorities.
Purchase Order
The Buyer shall issue purchase orders and each purchase order shall be accompanied by relevant details. All purchase orders are subjected to acceptance by PIPL. PIPL reserves the right to reject any order
placed by the Buyer without assigning any reason whatsoever and without incurring any liability of any kind. Provided however that if PIPL accepted an order, the Buyer shall not be entitled to cancel the
order, Unless PIPL accepts any such a cancellation request in writing.
Shipment & Deliveries
All Shipment are made from PIPL. Warehouse/ branch unless specified. Risk of loss shall be deemed to pass to Buyer upon delivery of the product by PIPL to the carrier or delivery service, as specified by the
Buyer. Buyer assume all the risk of loss in the Shipping and all Liability for loss of damage, whether direct, indirect consequential or otherwise due to delays or others reason once the the product have been
delivered to the carrier. Title to Product shall move to Buyer only after the Buyer makes full payment to PIPL for the supply of the Product.
Payment
Unless otherwise agreed, PIPL will accept payment, at its own option, only through, NEFT, RTGS, Demand Draft Or Cross accounts payee chq of a scheduled bank drawn in Favor of PIPL and same should be
sent to the nearest PIPL branch or as may be specified by PIPL. Title to Products shall remain with PIPL until the Buyer has made payment in full to PIPL of the Product Invoiced and any other indebtness of
Buyer to PIPL. The Buyer acknowledges that until payment in full is not made to PIPL. The Buyer will hold the goods in fiduciary capacity on behalf of PIPL. Full payment shall be made by the Buyer against each
invoice. No deduction for any reason is allowed.in case of of payment delay against any one invoice all subsequent open invoice shall fall due Immediately. PIPL reserves the right at any time to revoke any
credit extended to buyer if at anytime buyer's failure to pay for any product when due, In case of any cheque dishonored or for any other reason whatsoever deemed good and sufficient by PIPL and in such
event all subsequent shipment shall be paid for in advance. If any invoice is not paid when due, buyer agrees to pay all cost of the collection including attorney's fees whether incurred by PIPL in or out of
court, on appeal, in arbitration, in bankruptcy court, or in any insolvency proceedings.
Warranty and Service Policy
It is agreed between the parties hereto that the products sold by the Buyer shall have warranty from the date of sale invoice. It is further agreed that any manufacturing defect in the product sold by the Buyer
beyond the warranty period shall be exclusively dealt with by the end customer at his/its own cost without involving PIPL. Other Terms of Warranty includes 1. Warranty period is for one year from the date of
purchase against the manufacturing defects. It shall be limited to the repairs only. 2.If any manufacturing defects are found within first month from the date of purchase, PIPL can extend its support and
replace the product with new one provided certain conditions fulfilled. 3.Warranty policy is valid only if it is specifically declared by PIPL expressly either through CRM, Sales Invoice etc. any other alleged
commitment by PIPL personnel or any other verbal sources will not be entertained. 4. After one month, within warranty period, any product comes for service or repair, PIPL will perform the repairing
procedure on the products. The period for repair will not be committed as it depends on the nature of the repair and sometime PIPL may have to send it to manufacturer for repairing purpose. 5.Warranty for
replacement and/or repairing becomes void if there is any malfunction, defect or failure caused by or resulting from the evidence if impact, mishandling, tempering, use contrary, incorrect power-line voltage,
burn, fire, flood or other act Acts of God, shipping damage or any sort of damage, resulting repair performed by unauthorised personnel. 6.Routing Cleaning, normal cosmetic and mechanical wear and tear
are not covered the terms of warranty. 7. When returning product or service please pack it carefully, insure and attached original receipt of copy with brief explanation of the problem. No need to attach any
commercial invoice or value. 8. This warranty does not cover the postal cost, insurance and any other incidental charges. 9.Warranty policy can be modified can be changed by PIPL without any prior Notice.
10.Warranty of any products limited to repairs and such warranty does not cover the outer body of any products which is damaged in any way of transit or mishandling of products or due to improper
installation of products.
Intellectual Property Rights
Intellectual Properties means Trademark/copyrighted/ Design/patented material / products/ items hereunder, the name, trade name, brand name, trademarks, logo, service mark or trade name, whether
registered or not, used to represent or describe the Products either manufactured by or traded by PIPL and the valuable goodwill and reputation attached (hereafter referred to as “ intellectual properties ”.)
shall always remain the sole ownership of PIPL.
Termination
PIPL reserves the right to terminate the Buyer account and act as may be necessary to recover any dues from the Buyer including encashment of bank guarantee / forfeiture of the security deposit amount.
PIPL reserves the right to review its business relationship with Buyer, change the discount offered or terminate a relationship with the Buyer at its sole discretion. Either party shall settles its liabilities at the
time of such termination.
Waiver
No waiver from PIPL on any of these terms shall be deemed to constitute a waiver of any other terms or a waiver of the same or any other provision with regard to the portion of transaction or future
transactions. No waiver by course of conduct of Buyer usage can occur.
Buyer
We, the Buyer with this registration form hereby also undertake to indemnify and keep indemnifying PIPL for any loss or damages if any incurred or to be incurred by PIPL based on aforesaid information by
me/us in relation to Foreign Exchange Regulation Act, 1999 and or any regulatory law for the time being in operation and will be in operation while dealing with PIPL. PIPL has dealt with us solely on the basis
of reliance on this registration cum undertaking and considering us not as an end consumer/user of the Security Surveillance Products to be procured from PIPL. In case of any loss, damages caused to PIPL due
to any misstatement given in this undertaking, we stand as guarantor to indemnify and keep indemnifying PIPL from all the penal actions, regulatory actions and resultant imposition of any fine, penalty or any
other levy, losses, damages so caused/to be caused to PIPL out of the business transaction(s) so entered/to be entered with PIPL as a result of any false or misstatement in this undertaking. We at our risk and
responsibility would like to get ourself registered with PIPL under this registration cum declaration of undertaking to safeguard the mutual interest.
Applicable Laws & Jurisdiction
The Parties agree that this Agreement shall be governed by laws of India and the competent Courts in Mumbai only shall have exclusive jurisdiction to entertain, try and dispose off any issue in respect of the
same.
Subject: Confirmation of PAN and Income Tax Return Filing details for the purpose of determining Tax Collection at Source (‘TCS’)
Reference: Communication on Section 194Q and 206CCA of the Income Tax Act, 1961.
Dear Sir/Madam,
_______________________________________________________________________________________________________________
I/ We,
_
Please capture name of the company>,” do hereby provide the following information to you for the purpose of determining the TCS for any
sum or income or amount received by PIPL or credited to PIPL’s account during the FY 2023-24 (i.e. From 1st April, 2023 to 31st March, 2024),
for the purpose of section 206CCA of the Income Tax Act, 1961.
Further, we hereby confirm that we have filed our Income Tax return of last two previous years and providing PAN, Turnover and the Income
Tax Acknowledgement (‘ITR’) number details below for your ready references.
In the event of failure/non-compliance to the above-mentioned Income Tax laws, regulations and provisions from our end and
Credit of Tax Deducted at Source (TDS Credit) not made available to PIPL, PIPL shall reserve the right to recover including but not
limited to any tax loss along with consequential interest and penalty/ late fees or any other levies or amount by whatever named
called, suffered by PIPL/ levied on PIPL due to any non-compliance of Income Tax laws and regulations and regulations by us.
We hereby confirm that the information furnished herein is true and correct and acknowledge our obligation to forthwith
intimate PIPL in the event of any change therein.
In an event of misrepresentation or misstatement of facts by us in the above declaration, we shall indemnify PIPL for all including
but not limited to taxes, duties, penalties, late fees, charges, levies, surcharge, interest, any other incidental costs or expenses
incurred by PIPL because of such misrepresentation or misstatement.
DECLARA TION
I/We M2M Cybernetics Pvt Ltd in capacity as AGM - Purchase & Bid Management do hereby confirms
that all the infotmation declared in above vendor regsitration form & Confirmation of PAN and Income Tax Return Filing details for the purpose of determining Tax Collection at Source (‘TCS’) is true and correct, we herewith sigify our
acceptance of terms and conditions as attached herewith and would also authorize PRAMA INDIA PVT. LTD. to verify the genuiness of above information with any of officials given above and also with our bankers. We herewith agree
to abide by all the policies as annexed and issued on timely basis by PRAMA INDIA PVT. LTD.
Authorised Signatory
Date : 28/12/2023
Place : Delhi