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Get Specimen Of Bank Guarantee For Getting Bcertificateb Of Registration As A Bb - Puda Nic
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How to fill out the Specimen Of Bank Guarantee For Getting Certificate Of Registration As A Promoter online
Filling out the Specimen Of Bank Guarantee is a crucial step for individuals seeking registration as a promoter under the Punjab Apartment & Property Regulation Act-1995. This guide provides clear and detailed instructions to help you navigate the form effectively.
Follow the steps to complete the form accurately.
- Click ‘Get Form’ button to obtain the form and open it in your editor.
- Enter the date of the bank guarantee at the top of the form in the designated space.
- Provide the name of the bank in the appropriate section, making sure it reflects the official designation of the institution.
- Specify the name of the concerned development authority in the mentioned field, choosing one among ADA, PDA, JDA, BDA, GLADA, or GMADA based on your location.
- Fill in the applicant's name who intends to apply for registration as a promoter, ensuring correct and complete name representation.
- Enter the bank guarantee amount, which should be Rs. 50,000, ensuring the figure is accurate.
- Clearly state the conditions under which the bank will be liable to pay the amount upon demand from the competent authority.
- Indicate the validity period of the guarantee in the specified section on the form.
- Complete the information about jurisdiction by entering the relevant court's location in the designated area.
- Ensure to include the signature and stamp of the authorized bank representative at the bottom of the form.
- Finally, make sure to save your changes, download the completed form, and print or share it as needed.
Complete your documentation online now for a smooth registration process!
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1. A bank guarantee is a bank's promise that liabilities of a debtor will be met if he does not fulfi l contractual obligations. 2. A performance guarantee kicks in if services or goods are not provided to the buyer by the seller as per the specifi cations mentioned in the contract.
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