Bond (Annexure VI(A))
(To be furnished on a Rs.20/- Non-Judicial Stamp Paper)
BOND
KNOW ALL MEN BY THESE PRESENTS THAT we the ................................................................... (write the name of the Organization as in Registration Certificates) as association registered under the Societies RegistrationAct,1860 having been registered by the office of .................... (Name and full address of Registering Authority), vide Registration Number .......... Dated ............ office at ........................ in the State of ......................... (herein after called the obligor/obligors) are held and firmly bound to the President of India (hereinafter called the Government) in the sum of Rs. .............* (in words Rs. .....................................*.only) with interest therein @ 10% per annum well and truly to be paid to the President on demand and without demur, for which payment we bind ourselves and our successors and assigns by these presents.
2. SIGNED this.....* day of.......* in the year two thousand and........*.
3. WHEREAS the obligors has sent a request proposal to Government through the Union Ministry of Social Justice & Empowerment for grants of Rs. ................(write the amount of grants-in-aid applied for/estimated budget) Vide his letter number ..................... dated ................. (write the no. and date of the forwarding letter of the NGO), the obligors has agreed to execute this bond in advance, in favour of Union Ministry of Social Justice & Empowerment for entire amount of Rs. ............... As requested in the proposal sent to the Government. The obligor is willing to accept the proposed amount or any other amount approved/sanctioned by the government. The obligor is willingly executing this bond of proposed amount with the stipulation that obligor will be bound upto this amount or by the actual amount approved / sanctioned by the Government, whichever is less. The obligor is also willing to accept all terms and conditions mentioned in the "letter of sanction" to be issued by the Government.
4. Now the condition of the above written obligation is such that if the obligors duly fulfill and comply with all the conditions mentioned in the letter of sanction, then above written bond or obligation shall be void and of no effect. But otherwise it shall remain in full force and virtue. If a part of the grant is left unspent after the expiry of the period within which it is required to be spent, the obligors agree to refund the unspent balance along with interest at the rate of 10% (ten percent) per annum unless it is agreed by the sanctioning authority to be carried over to the next financial year. The amount of grant shall be refunded along with interest earn thereon.
* To be filled by the Ministry of Social Justice & Empowerment. NGO need not fill it.
