BOND
(N.B. The bond agreement should be affirmed by the obligor in the presence of and under attestation of the Oath Commissioner attached to the Court.)
Know all men by these present that ________________ registered under the Societies Registration Act, (21) of 1860 and having its office at __________________ in the State of __________________ (here-in-after called the Obliger) through its present signatoryShri/Smt./Miss__________________________Son/Daughter/Wife of _______________________, address ________________________________________________ presently working as ____________________________________ of the said obliger is held and firmly bound to the President of India (herein after called the Government) for the sum of Rs. __________ /- (Rupees ____________________________________ Only) with interest there on @ 6% per annum will and truly to paid to the Government on demand without a demur for which payment, the obliger firmly binds itself and its successors including the present president, secretary and treasurer and designed by these present. SIGNED this day of 24th March in the year two thousand.
Whereas on the Obliger's request the Government has as per Union Ministry of Social Justice and Empowerment letter No. _____________ /-SCD-III dated ____________ herein after referred to as the letter of sanction which forms integral part of these presents and a copy where of is annexed-'A' agreed to make in favour of the (Obliger a grant of Rs. _______ /- (Rupees ____________________________________ Only) for the purpose of maintenance of Residential School out of which Rs. ________ /- been paid to the Obliger and the both hereby admit and acknowledge on the condition of the obliger executing a bond in the terms and manner contained herein after which the Obliger was agreed to do.
Now the condition of the above written obligation is such that if the Obliger duly fulfil and comply with all the conditions mentioned in the letter of sanction when the above written bond or obligation shall be void and of an effects out otherwise it shall remain in the full force, effect and virtus.
(a) The decision of the Secretary to the Government of India, Ministry of social Justice and Empowerment or the Administration Head of the Ministry of Department of the Department of the Govt. of India Administratively concerned with the matter on the question whether there has been breach or violation on the part of the Obliger of any of the terms and conditions mentioned in the letter of sanction shall be final and binding of the Obliger.
