Applicant Declaration (forming part of the [Facility Application Form])
[I/We], ("the Applicant(s)"), hereby unconditionally and irrevocably declare and confirm that:
I/We represent that all the particulars and information (?Information?) given in this customer information document (?Application?) are true, correct and complete. I/We acknowledge and understand that DBS Bank Ltd (the ?Bank?) may decide to grant me/us financial facilities (?Facilities?) as requested by us based on the Information provided by me/us. I/We represent that there are no insolvency or bankruptcy proceedings against me/us nor have I/We ever been adjudicated insolvent or bankrupt. I/We confirm that there are no tax proceedings against me/us. I/ We confirm that there are no overdues / statutory dues against me/us/promoters except as mentioned in the Application. I/We represent that I/We am/are carrying on the business as mentioned in the Application and undertake to inform the Bank regarding change in my/our business/constitution. I/We undertake to provide any further information as the Bank may require from time to time including the documents required for complying with the Know Your Customer (KYC) requirements. I/We further agree and understand that the Bank in its sole discretion may reject this Application and the decision of the Bank shall be final and binding. For the purpose of and in the course of providing Facilities/services/certain services, the Bank is/may be required to engage the services of specialized and other service providers/agents. I/We confirm and agree that the Bank may/would be required to furnish any information regarding my/our account to these service providers/agents. I/We hereby unconditionally authorize the Bank to disclose such information relating to my/our account / credit facility to such parties as deemed necessary at the sole discretion of the Bank. I/We have no objection in and give consent to you (DBS Bank Ltd.) for sharing my/our account details including my/our personal details to your branches, affiliates, services providers, agents, contractors, surveyors, agencies, credit bureaus, etc., in or outside India, to enable DBS Bank Ltd. to provide services under our banking arrangement/agreements including customized solutions and marketing services. Further, I have understood, acknowledge and agree that a request and demand for any information in any authority under the law will be mandatorily complied with the Bank. The TransUnion CIBIL Ltd. and any other agency so authorized may use, process the said information and data disclosed by the bank in the manner as deemed fit by them; and the TransUnion CIBIL Ltd. and any other agency so authorized may furnish for consideration, the processed information and data or products thereof prepared by them, to banks/financial institutions and other credit grantors or registered users, as may be specified by the Reserve Bank in this behalf. I/We have read, understood and acknowledge and agree that the Bank may refer my/our name and/or information related to me/us to a recognized credit or referencing agency/ies/ Credit Bureau/ Bank /Financial Institution and/or make such references and enquiries as the Bank may consider necessary. I/We hereby unconditionally authorize the Bank to disclose such information relating to my/our credit facilities to such parties including its head office, branches, holding companies, subsidiaries, affiliates, banks and financial institutions as deemed necessary at the sole discretion of the Bank.
I/We state that my/our aforesaid authorizations shall be valid till my/our written communication of withdrawal of my/our consent is acknowledged by DBS Bank Ltd. I/We understand and accept the risks involved in sharing information including sensitive personal information like bank account details with third party. I/We agree that provision of banking services to me/us could be suspended/discontinued, if I/We withdraw my/our consent. I/We understand that the list of third parties who may get access to my/our information for data processing and analysis are as follows: