CourtMesh

Section 17: Application of the Annuity Deposit Scheme

Public Debt (Annuity Deposit Certificates) Rules 1966Central Rules · 1944

These rules shall be in addition to, and not in derogation of the provisions contained in the Annuity Deposit Scheme.

FORM A (See Rule 8) Security Bond This Agreement is made on the .........day of........... between ..............son of .............resident of..................of the one part and the Reserve Bank of India of the other part.

Whereas I/we claim to be the true and lawful owner/s of the............ Annuity Deposit Certificates specified in Schedule 'A' hereto annexed.

And whereas I/we have applied to the Reserve Bank of India ...............

for..............of the said Annuity Deposit Certificates and the said Bank have consented so to do upon my/our giving security of Rs............to meet a claim by a rightful owner to the said Annuity Deposit Certificates in case there shall be such a claim.

Now these present witness that in pursuance of the aforesaid agreement I/we hereby oblige myself /ourselves to make good the claim of the rightful owner in respect of the said Annuity Deposit Certificates and I/we hereby further agree that this security bond may be held by the said Bank and the said Bank may assign the security bond to the rightful owner of the said Annuity Deposit certificates.

In witness whereof I/we have subscribed my/our name/names ...................... day of ...............................… Signed by the within mentioned in the presence of Principal I/we .................son of.............resident of..................hereby undertake to make good any claim to the rightful owner of the Annuity Deposit Certificates mentioned in the Schedule hereto in case the principal/ principals makes/make default in payment of the claim by virtue of the above agreement.

Signed by the within mentioned in the presence of Surety.

Schedule'a' Referred To In The Bond.

Description of the Annuity Number Date of Issue Amount Deposit Certificate FORM B (See Rule 10) Form Of Endorsement For Renewal Of An Annuity Deposit Certificate.

Received in lieu hereof ................a renewed annuity deposit certificate payable to ...............with annuity payable at..........… (Signature of the holder) FORM C (See Rule 10) Form of Endorsement for Sub-Divison of an Annuity Deposit Certificate.

Received in lieu hereof ..............Annuity Deposit Certificates for Rs ....................respectively with annuity payable at...........… (Signature of the holder) FORM D (See Rule 13) Form of Indemnity Bond Whereas I/we ...............son of...............................resident at .............and ............son of..............resident at............. claim to be entitled .............… (Here state in what capacity claim to the Annuity Deposit Certificate is made) To the Annuity Deposit Certificate (s) specified in the Schedule hereunder written and have represented to the Reserve Bank of India ...........................................that the said Annuity Deposit Certificate (s) has/have been ........................................and have applied to the Reserve Bank of India .........................for an inspection of the said Annuity Deposit Certificate (s) and also for all other information and particulars respecting the said Annuity Deposit Certificate

(s) and whereas the Reserve Bank of India ..................has agreed to give inspection and to afford to me/us all information and particulars affecting the said Annuity Deposit Certificates. I/We oblige myself /outselves my/ our heirs and assigns whatsoever (jointly and severally) to guarantee and defend and relieve the Reserve Bank of India ....................and the Government to to extent of Rs.* .............. from all and any claim, question and expenses which may be raised against or incurred by the Reserve Bank of India ...................................or the Government in reference to the said Annuity Deposit Certificate (s).

In witness hereof I/we have subscribed my/our name(s) this .........day of .................

Signed by the within mentioned in the presence of .........

Applicant's signature.

The Schedule referred to in the foregoing Bond.

Where this provision sits

ActPublic Debt (Annuity Deposit Certificates) Rules 1966
Section17
Marginal noteApplication of the Annuity Deposit Scheme
JurisdictionCentral
StatusIn force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? Public Debt (Annuity Deposit Certificates) Rules 1966 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.