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Financial Assistance for
Publication |
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BOND |
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Know all men by these presents that
____________________________________________
_________________________________________________________________
an Association registered under the _________________________
Act of 199__ (of the Union/State of
_______________________________________________and having its
office at
________________________________________________________ in the
Sate/U.T. of
________________________________________________________
(hereinafter called the 'Obligor') and
i) Shri ______________________ son of ______________________
resident of __________________________________________________.
ii) Shri ______________________ son of
______________________ resident of
__________________________________________________ hereinafter
called the 'Sureties' are held and firmly bound to the council
in the sum of Rs. ______________________ (Rupees
______________________
__________________________________________________ only)
together with interest thereon at the rate of 6% (six percent)
per annum from the date of receipt of the said amount by the
Obligor upto the date of the refund thereof to the Government.
Signed this ______________________ day of
______________________ in the year one thousand nine hundred
__________________________________________________.
WHEREAS on the Obligor's request, the council has per Union
Letter No. ________________________________ dated
__________________ hereinafter referred to as the 'Letter of
Sanction' (Which forms an integral part of these presents and
copy whereof is annexed hereto as Annexure ) agreed to make in
favor of the Obligor for the purpose of -
_______________________________________________________________________
a grant of *Rs.___________________________ (Rupees
__________________________________________ only) out of which Rs.
____________ (Rupees
_____________________________________________________only) have
already been paid to the Obligor (the receipt whereof the
Obligor both hereby admits and acknowledges) on condition of the
Obligor executing a bond hereby along with two sureties in the
terms and manner contained hereinafter which the Obligor and on
its request the sureties have agreed to do.
Now the condition of the above-written Obligation is such
that if the Obligor shall duly fulfill and comply with all the
conditions mentioned in the letter of grant, then the above
written bond or obligation shall be void and of no effect, but
otherwise it shall remain in full force, effect and virtue.
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THESE PRESENTS FURTHER WITNESS THAT - |
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a. |
The decision of the council on the question whether there has
been breach or violation on the part of the Obligor of any of
the terms and conditions mentioned in the letter of sanction
shall be final and binding on the obligor. |
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b. |
The liability of the sureties hereunder shall not be impaired or
discharged by reason of time being granted by the Council or any
forbearance, act or omission by or on the part of the council
whether with or without the knowledge or consent of the sureties
in respect of or in relation to the obligations or conditions to
be performed or discharged by the Obligor or by reason of any
other matter, or thing whatsoever which under the law relating
to surety shall, but for this provision, have the effect of so
releasing the Sureties from such liability, nor shall it be
necessary for the Council to sure the Obligor before suing the
Sureties or either of them for the amount due hereunder. |
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c. |
The obligor agrees and undertakes to surrender/pay to Council
the monetary value of all such pecuniary and/or other benefits
which it may receive or derive/have received or derived
through/upon unauthorized use (such as letting out the premises
for adequate or less than adequate consideration or use of the
premises for any purpose other than that for which the grant was
intended) of the property/building created/repaired/constructed
largely from out of the Government grant. The decision of the
Council as regards the monetary value of the aforementioned to
be surrendered/paid to the council will be final and binding on
the Obligor. |
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d. |
The Obligor or the Sureties shall, in the event of breach of
violation of any of the terms and conditions mentioned in the
letter of sanction, refund to the Council on demand and without
demur the entire amount of *Rs. ______________________ (Rupees
__________________________________________________________ ) and
the decision of the Council as regards the monetary value of
aforementioned to be surrendered/paid to the Council shall be
final and binding on the Obligor. |
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e. |
The Obligor or the Sureties shall, in the event of breach or
violation of any of the terms and conditions mentioned in the
letter of sanction, refund to the Council on demand and without
demur the entire amount of *Rs. ___________________ (Rupees
____________________________________________________ only ) such
part thereof as may be mentioned in the notice of demand issued
by the Council, along with interest thereon at the rate of 6%
(six percent) per annum from the date of receipt of the said
amount by the Obligor upto the date of refund thereof to the
Council. |
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f. |
The Council have agreed to bear the Stamp Duty, if any,
chargeable on these presents.
IN WITNESS WHEREOF these presents have been executed on
behalf of the Obligor and the Sureties the day and year
hereinabove written and accepted for and on behalf of the
Council by Shri/Smt ______________________ (Name)
______________________ (Designation) on the day and year
appearing against his/her signature.
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Signed ___________________________________ for and on behalf of
________________________________________________________________________
by ___________________________________ Name and Designation of
Obligor) |
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| SURETIES (Signature) |
IN THE PRESENCE OF
(Signature) |
| 1. Shri
_______________________________ |
1. Shri
________________________________ |
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(Address)
______________________________ |
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________________________________ |
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________________________________ |
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2. Shri
________________________________ |
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(Address)
_________________________________ |
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________________________________ |
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___________________________________ |
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Accepted for and on behalf of the Council
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| New Delhi |
Signature ____________________________ |
| Dated |
Name _______________________________ |
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*Indicate the amount of full Assistance approved. |
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| NOTE : |
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1. INCOMPLETE APPLICATION FILLED
IN, MAY BE REJECTED. |
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2. ALL THE 16 PAGES MUST BE SENT
DULY SIGNED BY THE APPLICANT. |
| ENCLS. : ALL THE 16
PAGES. |
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