Get Format Of Indemnity Bond For Issue Of Duplicate Shares - Link Intime

The purpose of indemnity bonds is to guarantee financial reimbursement for any damage faced due to the illegal actions of the other party that is bonded through the agreement. The principal signs an agreement to indemnify with the surety provider as part of getting an indemnity bond.

I/We__________________________________________________________ _____________________hereby further swear / solemnly declare that if, after the duplicate share certificate(s) is / are issued to us as aforesaid, the original Page 2 security(ies) certificate(s) is / are at any time subsequently, found, recovered or traced ...

the undersigned applicant(s) hereunder for myself/ourselves, my/our heirs, executors, administrators and assigns do hereby jointly and severally covenant with the Company, its successors and assigns and agree and undertake at all times save, defend and to indemnify and keep indemnified the Company, its successors and ...

Upon the Company transmitting and registering the shares held by the deceased, I/We the undersigned applicant(s) hereunder for myself/ourselves, my/our heirs, executors, administrators and assigns do hereby jointly and severally covenant with the Company, its successors and assigns and agree and undertake at all times ...

The Documents required for the Issue of Duplicate Share Certificate are as follows: Prepare an Indemnity Bond Agreement on Non-Judicial Stamp Paper. An affidavit is prepared on a Non-Judicial Stamp Paper of Rs. 100. F.I.R should be filed with the police with full information on the lost Share Certificate.

The Indemnity bond should be signed by two witnesses and two sureties (name, address and signature). 12. Affidavit should be verified in presence of a First Class Magistrate or a Notary Public. In the event of verification in the presence of Notary Public, the Affidavit should contain the notarial stamp.

1. That the indemnifier does hereby agree and undertake to indemnify the indemnified for any loss or damage caused in respect of the said property. 2. That on the basis of the assurance offered by the indemnifier by way of these presents that the indemnified has agreed to purchase and acquire the said property.

You can purchase indemnity bonds through several insurance companies, however, they are often difficult to obtain. Contact your insurance broker for help. Be aware that even after you present an indemnity bond, a bank may require you to wait 30–90 days before it will issue a replacement check.