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No. AD/FA/66/PF-59/26815
Maharashtra State Electy. Board,

Mercantile Bank Building,

Fort, Bombay 1.

Dt. 26.8.1962

 

Departmental Circular No. 3

Sub :  Refund of deposits in absence of the original receipt/issued by the Board.
 

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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