(1) Where the licensing officer is satisfied in accordance with the procedure laid down in the proviso to sub-section (2) of section 8, that any person who has applied for or who has been issued a licence should furnish security for the due performance of the conditions of the licence he shall prepare an estimate of the amount needed to provide for recruitment or employment of migrant workmen on the basis of the factors specified in subsection (3) of the said section and after considering the solvency of such person, determine the amount of the security to be furnished by such person, which shall not exceed forty per cent. of the amount estimated by him.
(2) Where the applicant for the licence was holding a licence in regard to another work and that licence had expired, the licensing officer, if he is of the view that any amount out of the security, if any, deposited in respect of that licence is to be refunded to the applicant under Rule 17, he may on an application made for that purpose in Form VII by the applicant adjust the amount so as to be refunded towards the security, if any, required to be deposited in respect of the application for the new licence and the applicant need deposit, in such a case, only the balance amount, if any, after making such adjustment.
(3) The amount of security deposit shall be paid in the local treasury under the head of account, ―K. Deposits and Advances‖ (b) Deposits not bearing interest. 843. Civil Deposits AN Security Deposits AA Security Deposits 01 Deposits for the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Tamil Nadu Rules, 1983 DPC—843C---- ANAA 0108---843----ANAA---0103‖.