Format for Indemnity Bond needed-

This query is : Resolved

Pooja (Querist)
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24 April 2009 Hi,

I have lsot cheque of tax refund for FY 2007-08 sent by IT dept. Now when i requested them to send the cheque again , they told me to give an indemnity bond to get new cheque of tax refund.
But i cud not find Indemnity Bond Template in courts for this purpose.
Can you pls help in getting This template ? i'll be highly obliged.
Thanks and Rgds,
Pooja
9311873454

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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24 April 2009 INDEMNITY BOND
THIS DEED OF INDEMNITY made on the ……………………………. Day of
……………………………………BETWEEN …………………son of …………………
Resident of …………………………………… or (1) …………………………… son of
……………………………………, resident of …………………(2) ……………………
……………………………………son of …………………resident of ………………etc.
carrying on business in co-partnership under the name and style of ………………………
at …………………………………… or ………………………… in company registered
under the Indian Companies Act, 1913/Companies Act, 1956 having its registered office
at .………………………………………………… (hereinafter called ‘the indemnifier’
which expression shall unless excluded by or repugnant to the context be deemed to
include his heirs, executors, administrators, legal representatives, successors and
permitted assigns) of the ONE PART AND the President of India (hereinafter called ‘the
Government’ which expression shall unless excluded by or repugnant to the context be
deemed to include his successors or assigns) of the OTHER PART.
WHEREAS on the …………………………… day of ……………………………
CHEQUE No…………………………………… dated ………………… on…………….
(Name of the bank) for Rs…………………………………… was drawn by …………….
…………………………… in favour of the Indemnifier.
AND WHEREAS the Indemnifier has represented to the Government that the said
cheque has been lost him during transmission by post to him.
AND WHEREAS at the request of the Indemnifier the Government has agreed to
issue a second cheque for Rs……………………………… being the amount of the said
previous cheque No………………………………dated………………… upon the
……………….. Indemnifier giving such indemnity as hereinafter contained. NOW IT IS
HEREBY AGREED by and between the parties hereto as follows :-
1) In consideration of the said premises and of the agreement on the part of the
Government in issuing in favour of the Indemnifier a second cheque for
Rs.…………… being the amount of the previous cheque No……………………
dated ………………… the Indemnifier both hereby agree and undertake to refund to
the Government on demand and without demur of the said sum of
Rs…………………….. in the event of the said previous cheque
No……………………. dated……………………being presented to and paid by the
bankers and to indemnify the Government and keep the Government harmless and
indemnified from and against all expenses which may be incurred by the Government
in relation hereto or in connection therewith.
2) The Government agrees to bear the stamp duty, if any, chargeable on these presents.
IN WITNESS WHEREOF the parties hereto have set and subscribed their respective
hands hereunto on the …………………………… day and year first above written.
Signed by the said Indemnifier in the presence of :
1. ……………………………………………………………………………
2. ………………………………………………………………………………
Signed for and on behalf of the President of India by Shri……………(Name and
designation)
1. ………………………………………………………………………………………
2. ………………………………………………………………………………………
*****

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