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As
per the instructions contained in the Secretary's
Circular no.2 issued under No. PG-50/20551 dtd. 31-3-60
read with the Financial Adviser and Chief Accounts
Officer's Circular No.AD/AR/61/2M/45281 dtd. 19-9-61
and Superintendlng Engineer (Comm)'s circular letter
No.PG-50/3542 dtd. 22-1-1963 on the above subject,
a consumer, a supplier or a contractor is required
to sign an indemnity bond on a stamped paper of requisite
value while claiming the refund of Earnest Money Deposit
or Security Deposit if he has either lost or misplaced
the original money receipt which is normally required
to be surrendered while claiming the refund. Consequent
on receipt of representations form certain parties,
in this regard the question whether or not the parties
should be compelled to execute indemnity bond on stamped
paper was reviewed by the Standing Committee and it
has under its decision No.3003 dtd.20-12-1966 has
directed that whenever an original money receipt for
the amount paid as Earnst Money Deposit or Security
Deposit is misplaced or lost by the party paying such
a deposit or when it is not possible for such patty
to surrender the original money receipt, the deposit
amount may be refunded after obtaining a simple indemnity
in the form of a letter from such party, irrespective
of the amount of the deposit, provided that the amount
in such cases shall be refunded by "A/C Payee" cheques
only.
In
view of the above the officers concerned are hereby
directed not to insist on the execution of indemnity
bond on the stamped paper but refund the deposits
in accordance with the above directives of the Standing
Committee under the circumstance explained above.
A
specimen form of the letter duly approved by the Law
Officer, to be used for this purpose is enclosed.
This letter need not be on a stamped paper.
End:
Specimen form.
Sd/-
F.A. and C.A.O.
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