Collateral assignment
This assignment is meant for financing eg. bank. Amount assignable is up to the outstanding financing amount. In the event of this assigned certificate is surrendered by Assignor, the surrender value will be given back to Assignor and the collateral assignment will be revoked automatically.
Requirement:
1. Collateral assignment (PSF19A) form with stamp duty
2. Questionnaire for authorized person of the company form
3. Form 8 - Certificate of Incorporation for Public Company or
4. Form 9 - Certificate of Incorporation for Private Company
5. Form 24 - Return of Allotment of Shares (Latest)
6. Form 49 - Return giving particulars in register of directors, managers and secretaries and changes of particulars (latest)
7. Authorization letter from the company or resolution from Board of Directors for the appointed authorized person
8. Clear copy of NRIC/passport of the authorized person
Note:
If the Collateral Assignee is a Bank, submit the Individual Assignee form (PSF19) along with:
- Clear copy of NRIC / Passport of the Authorized Person