Form Vat-37 - Personal / Surety Bond (Page 2 of 3) in pdf

been discovered until after the above bounden’s death/partition/disruption/dissolution/winding up of final cessation of his/their liability

under the said Act or the rules framed thereunder.

PROVIDED always that without prejudice to any other right or remedy for recovering the tax/penalty, loss or damage as

aforesaid, it shall be open to the government to recover the amount payable under this bond as arrears of land revenue or final

imposed by an authority under the said Act.

In witness where of the said __________________________ (full name) has hereunto set his hand this

_____________________ day of _____________________ signed and delivered ______________________ by the above named

in the presence of ________________________

Witness:

______________________

Signature___________________

______________________

Name (____________________)

Status_____________________

SURETY BOND

We,

(1)

___________________________________________________________

(2)

___________________________________________________________

(Name and full address of the sureties) hereby declare ourselves sureties for the above bounded and guarantee that he/they shall

do and perform, all that he/they, has/have above under-taken to do and perform, and in case of his/their omission, default or failure

therein, we hereby bind ourselves, jointly and severally, to forfeit to the Governor of Punjab (here-in-after referred as ‘the

Government’, which expression shall unless excluded by or repugnant to the context, includes his successor-in-office and assigns)

the sum of rupees ___________________ (amount in figures followed by amount in words), hereinafter referred to as ‘the said sum’

in which the above bounden has bound himself or such other lesser sum as shall be deemed to be sufficient by the officer Incharge,

Check Post/ICC/Excise and Taxation Officer in writing to recover any amount of tax/penalty payable by the above bounden and

remaining unpaid and also to recover any loss, damages, cost or expenses, which the Government may sustain, incur or pay by

reason of such omission, default or failure.

AND we also agree that neither of us shall be at liberty to terminate this surety ship except upon giving to the officer incharge,

Check Post / ICC / Excise and Taxation Officer six calendar month’s notice in writing of his intention so to do, and our joint and

several liability under this bond shall continue in respect of all acts, omissions, default, failures and insolvencies on the part of the

above bounden until the expiration of the said period of six months.

Sureties

(i)

Signature__________________

(i)

Signature_________________

(ii)

Name_____________________

(ii)

Name____________________

(iii)

Prop/Partner/MD or M/s_______

(iii)

Complete Address ______________________

__________________________

(iv)

VRN______________________

(i)

Signature_________________

(v)

Place _____________________

(ii)

Name____________________

(vi)

District ____________________

(iii)

Complete Address ______________________

(i)

Signature__________________

(i)

Signature_________________

(ii)

Name_____________________

(ii)

Name____________________

(iii)

Prop/Partner/MD or M/s_______

(iii)

Complete Address ______________________

__________________________

(iv)

VRN______________________

(i)

Signature_________________

(v)

Place_____________________

(ii)

Name____________________

(vi)

District ____________________

(iii)

Complete Address _____ ________________

Serial No.

Dated

Certified that Shri _________________________ is Prop./Partner/Managing Director M/s ________________________________

and the latter is a bona-fide person registered under the Punjab Value Added Tax Act, 2005 in district ______________________

Further Certified that both the sureties, aforesaid, are solvent and also are registered in district _______________ under the Punjab

Value Added Tax Act, 2005.

Signature ________________________

Name ___________________________

(Designated Officer)

Place.___________________________

District __________________________

Form Vat-37 - Personal / Surety Bond Page 2

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