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CR053272018SECURITIES AND EXCHANGE COMMISSION SEC FORM 17Q QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER1. For the quarterly period ended
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01
Start by gathering all the necessary documents such as the disbursement form, proof of identification, proof of ownership, and any other supporting documentation required.
02
Carefully read through the disbursement form and fill in all the required information accurately. This may include your personal information, account details, and the amount to be disbursed.
03
Double-check all the information you have provided to ensure its accuracy and completeness.
04
Attach any supporting documents that are required along with the disbursement form.
05
Submit the completed disbursement form along with all the necessary documents to the relevant authority or organization responsible for processing the disbursement.
06
Wait for confirmation or approval of the disbursement request. It is important to follow up if there are any delays or issues with the process.
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Once approved, ensure that you receive the disbursed proceeds in the designated account or mode specified during the application process.
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Keep a record of the disbursement transaction for future reference and documentation purposes.

Who needs disbursement of proceeds and?

01
Individuals or entities who have a legitimate right to receive proceeds from a particular source or transaction.
02
Beneficiaries or claimants entitled to financial settlements, insurance payouts, inheritances, or similar disbursements.
03
Businesses or organizations that need to distribute funds or payments to their employees, suppliers, contractors, or other stakeholders.
04
Non-profit organizations or foundations that provide grants or scholarships to individuals or initiatives.
05
Government agencies involved in welfare programs, social assistance, or financial support schemes.
06
Financial institutions or banks responsible for facilitating disbursements to their customers.
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Any other individual or entity involved in a formal disbursement process where the distribution of proceeds is required.
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Disbursement of proceeds refers to the distribution or allocation of funds to the rightful recipients.
Entities or individuals who are involved in distributing funds or assets are required to file disbursement of proceeds.
To fill out disbursement of proceeds, one must provide detailed information about the recipients, the amount allocated, the purpose of the distribution, and any relevant supporting documentation.
The purpose of disbursement of proceeds is to ensure transparency and accountability in the distribution of funds or assets.
Information such as the recipient's name, the amount received, the date of disbursement, and the purpose of the distribution must be reported on disbursement of proceeds.
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