Prepare a checklist for compliance with terms and conditions set forth by a lending bank at the time of sanctioning a loan.

Checklist for Compliance with the terms and conditions set forth by the lending Institution at the time of availing the facility. Check the following points to confirm that: (a) Further funds have not been borrowed from bank(s)/financial institution(s) on hundis, other than from its bankers, without prior consent; (b) No donations/contributions have been made to the charitable and other funds, which are not directly related to the business of the borrower or to the welfare of its employees, in excess of the indenture (if any), without the consent of the bank; and (c) No merger/consolidation/re-organization/arrangement/compromise with the creditors/shareholders has been undertaken / permitted without the approval of the bank.