Policy

Exit Policy

What happens on voluntary exit, and if GreenStrata Mobility suspends operations after six months or permanently closes.

This document is a draft template prepared for internal review. It must be examined, adapted and executed under the guidance of a qualified advocate practising in India, and stamped as required under the applicable State Stamp Act before it becomes binding.

1. Voluntary exit

1.1A partner may exit on 60 days' written notice after the lock-in stated in the Commercial Schedule.
1.2Assets are returned or liquidated at the partner's election; loans and verified liabilities are settled first.

2. If GreenStrata suspends or ceases operations

2.1Capital Partner: asset ownership is unaffected. Loan settlement, asset liquidation and outstanding liabilities are resolved in the priority order — lender dues, verified operating liabilities, then partner. Final settlement statement within 45 days.
2.2Vehicle Partner: ownership always remains with the partner. Vehicle returned within 15 working days, pending collections settled within 30 days, driver transferred if required.
2.3Fleet Partner: fleet ownership unchanged. All operational records transferred, management agreement terminated, balances settled within 30 days.
2.4In every scenario partners receive a wind-down notice, a reconciled ledger and inspection rights over vehicle, GPS and collection records.
2.5Client collections held in trust are not treated as assets of the business and are distributed to the respective partners first.

3. Settlement mechanics

3.1An independent chartered accountant may be appointed at the partners' cost to certify the final ledger.
3.2Liquidation is through an approved dealer or auction channel with a reserve price disclosed to the partner.
3.3Disputed amounts are referred to the Dispute Resolution Policy without holding up undisputed payouts.

4. General

4.1Governing law: the laws of India. Courts at Bengaluru, Karnataka shall have exclusive jurisdiction, subject to the Dispute Resolution Policy.
4.2Notices shall be delivered by email to the addresses recorded in the Registration Form and by registered post for termination or settlement notices.
4.3No provision of this document creates an employment, partnership or agency relationship beyond what is expressly stated.
4.4If any clause is held unenforceable, the remainder survives unaffected.
4.5This document, together with the Registration Form and annexed schedules, constitutes the entire understanding between the parties.