What is the purpose for affidavit & indemnity bond.....
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 07 March 2013
AFFIDAVIT also known as SHAPATHNAMA is a self declaration which is a legal declaration on some matter.
INDEMNITY BOND is governed by contract of indemnity wherein you undertake to indemnify/ reimburse somebody in case he suffers a loss on account of any action on declarers' part.
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