1) Every licensee shall make a deposit of a sum not exceeding Rs.2,00,000( Rupees two lakh only) as may be fixed by the Commissioner, by way of security while executing a counter part agreement under Rule 10 for the due observance of the terms and conditions of the licence.
2) Every licensee shall also execute mortgage deed in Form 6 mortgaging the lands and buildings in which the wine manufactory has been established together with the machinery and equipment therein as security, for the payment of any sum which may become due to the Government and to observe all the conditions of licence and pay to the Government the entire amount of duty and fee leviable on the quantity of wine produced. In lieu of executing the mortgage deed, the licensee shall deposit an amount in fixed deposits in any Nationalized Bank in the joint account with the Commissioner or any officer authorized by him, in writing, or in Government Securities endorsed in favour of the Commissioner or any officer authorized by him in writing, for such value, as the Commissioner may direct.
3) The mortgage deed, receipt for fixed deposit and Government Security Receipt referred to in sub-rule
(2) shall in the custody of Commissioner.