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Section 19: Indemnity Bond and fees in connection with grant of information or inspection

Public Debt (Compensation Bonds) Rules, 1954Central Rules · 1944

(1) Every applicant shall, before any information is supplied or permission for inspection granted to him, execute a bond of indemnity as nearly as may be in Form G for the amount as hereinafter mentioned

(a) the bond of indemnity for grant of information or inspection under any of the sub-rules (1) to (4) of rule 18 shall be for twice the amount of the instalments paid on the bond or bonds from the date of issue, and

(b) the bond of indemnity for grant of information or of permission for inspection under sub-rules (5) and (6) of rule 18 shall be for the amount as may be determined by the Bank.

(2) Every applicant shall, before any information is supplied to him under rule 17 or 18, pay a fee of Re. 1 for each bond in respect of which any information is supplied and a fee of Re. 1 shall be paid for each certified copy granted under Rule 18.

(3) The Bank may waive the execution of a bond of indemnity or may forgo the fees either wholly or partly payable to the Bank under sub-rule (2) above or may do both.

[20. Fees.- The following fees shall be paid in respect of the applications under Section 11 of the Act, namely:

For each renewed, consolidated, sub-divided or duplicate bond,25 paise per cent, of the face value of such bond, subject to a minimum of 10 paise and a maximum of one rupee. Fees shall be payable in multiples of 5 paise, fractions of 21 /2 paise and above shall be rounded off to the next multiple of 5 paise and those below 21 /2 paise ignored.]

FORM A (See rule 3) Form of Bond issued under Rule 3 The Governor [* * *] .......................hereby promises to pay to ..........at any treasury in the ..........Rs .............only together with interest accruing thereon at the rate of .............per cent, per annum in equated/equal yearly/half-yearly instalments on the ..........day of.......and ..............every year during the period of ...........years from the.........day of .....or earlier at the absolute option of the Governor [* * *] of.........subject to the provisions of the ..............and the rules framed thereunder.

Dated the....... day of ..............… Manager, Reserve Bank of India Public Debt Office.

FOR AND ON BEHALF OF THE GOVERNOR [* * *] OF ......... Governor, Reserve Bank of India.

[FORM AA (See rule 3) Form Of Stock Certificate Issued Under Rule 3 Inscribed Stock of the ..........................per cent. Compensation Bonds of the Government of ...............

I hereby certify that ...............................is the registered Proprietor of ..............Rs. ............Government Stock of the Compensation Bonds which bear interest at .................. per cent, per annum, payable yearly/half yearly from...............

Governor, Reserve Bank of India Manager, Reserve Bank of India, Public Debt Office.]

Dated ........

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Total received (in words) .....................Signature FORM C (See rule 12) 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 am/are the true and lawful owner/s of the .................represent Bonds specified in the Schedule 'A' hereto annexed.

And whereas I/we have applied to the Reserve Bank of India, Public Debt Office ................for.....of the said Bonds and the said Bank has consented so to do upon my/ our giving security of Rs......to meet a claim by a rightful owner to the said Bonds in case there shall be such a claim.

Now these Presents 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 said Bonds 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 Bonds.

In witness whereof I/we have subscribed my/our name/names ........day of Signed by the within mentioned in the present of Principal I/We .................between ..............son of................resident of ....................hereby undertake to make good any claim to the rightful owner of the Bonds 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 ............

Schedule "A" referred to in the Security Bond FORM D (See rule 14) Form Of Endorsement For Renewal Of A Bond Received in lieu hereof a renewed bond payable to (name of holder), with instalments payable at ........................ Treasury.

Signature of the holder/duly authorised representative of (name of holder) ...................

FROM E (See rule 14) Form Of Endorsement For Consolidation Of Bonds Received in lieu hereof a new bond payable to (name of holder) for Rs.........by consolidation with bond or bonds Nos ...............(mentioning the numbers and amounts of the other bonds desired to be consolidated with it) with instalments payable at ...............Treasury.

Signature of the holder/duly authorised representative of (name of holder)............

FORM F (See rule 14) Form Of Endorsement For Sub-Division of a Bond Received in lieu hereof........... bonds for Rs ................respectively, payable to (name of holder), with instalments payable at .............Treasury.

Signature of the holder/duly authorised representative of (name of holder)..........

FORM G (See rule 19) 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 bonds is made) to the Bond(s) specified in the Schedule hereunder written and have represented to the Reserve Bank of India, Public Debt Office ................... that the said Bond(s) has /have been...................and have applied to the Reserve Bank of India,Public Debt Office. ....................................for an inspection of the said Bond(s) and whereas the Reserve Bank of India, Public Debt Office ........................has agreed to give inspection and to afford to me/us all information and particulars affecting the said Bond(s), I/we oblige myself/ourselves my/our heirs and assigns whatsoever.

(To be omitted if bond taken from one person only) jointly and severally) to guarantee and defend and relieve the Reserve Bank of India, Public Debt Office, ........................and the Government to the extent of Rs.*....................... from all and any claim, question and expenses which may be raised against or incurred by the Reserve Bank of India, Public Debt Office .......................or the Government in reference to the said Bond(s).

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

Signed by the within mentioned in the presence of .............. Applicant's Signature.

The Schedule referred to in the foregoing Bond.

*Double the amount of the instalments paid thereon since the respective dates of issue.

FORM H (See rule 4) Form of Transfer I /We ........................do hereby assign and transfer my /our interest or share in the Inscribed Stock of the .............per cent.

Compensation Bonds of the Government of ................amounting to Rs.............being the amount/a portion of the stock for Rs..............as specified on the face of this instrument together with the accrued interest thereon unto ............his /her/ their executors, administrators or assigns, and I/We ...................do freely accept the above stock transferred to me/us.

As witness our hand the ............day of .............One thousands nine hundred and Signed by the above-named Transferor............in the presence of *......(Seller).

Signed by the above-named Transferee .............in the presence of*...............................(Buyer) Address.

*Signature, occupation and address of witness.

FORM I (See rule 14) Form Of Endorsement For Renewal of a Stock Certificate Received in lieu hereof a renewed stock certificate of the .....percent.

Compensation Bonds of ................for Rs.............in the name of ..............with interest payable at ................Treasury.

Signature of the registered holder/duly authorised representative of (name of registered holder) ...............… FORM J (See rule 14) Form Of Endorsement For Sub-Division of A Stock Certificate Received in lieu of this stock certificate ................stock certificates for Rs ...............respectively of the .............per cent.

Compensation Bonds of...................with interest payable at .................Treasury.

Signature of the registered holder/duly authorised representative of (name of registered holder) ...........................................… FORM K (See rule 14) Form Of Endorsement For Consolidation Of Stock Certificates Received in lieu of stock certificates Nos....... for Rs.........

respectively of the ............per cent. Compensation Bonds of .................a stock certificate for Rs...................of the .................per cent. Compensation Bonds of..................with interest payable at ....................Treasury.

Signature of the registered holder/duly authorised representative of (name of registered holder) ....................

Where this provision sits

ActPublic Debt (Compensation Bonds) Rules, 1954
Section19
Marginal noteIndemnity Bond and fees in connection with grant of information or inspection
JurisdictionCentral
StatusIn force as published by the source

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