What this draft covers
- Recitals of the request and the asset or action
- Indemnity against claims, losses and costs
- Undertaking to refund or restore if a better claim is made
- Optional surety
- Execution and attestation
When to use it
Use when a bank, company, registrar, society or authority asks for an indemnity before releasing money, shares or documents, or before acting without a court order.
Format: Editable Word document (.docx), 2 pages.
Preview
[To be executed on non-judicial stamp paper / e-stamp of the applicable value]
INDEMNITY BOND
This Indemnity Bond is executed at [place] on this [●] day of [month], 20[●] by [name], aged about [●] years, residing at [address], [PAN ●] (the “Indemnifier”) [and [name], residing at [address] (the “Surety”)], in favour of [name of bank / company / society / authority], having its office at [address] (the “Beneficiary”).
WHEREAS
A. [Describe the asset or matter, e.g. a fixed deposit no. ● in the name of the late ● / ● shares of ● under folio no. ● / original documents of title deposited with the Beneficiary.]
B. The Indemnifier has requested the Beneficiary to [release the amount / transfer the shares / hand over the documents / issue a duplicate] to the Indemnifier [without production of a succession certificate / the original instrument], and the Beneficiary has agreed to do …
Buy this draft, or subscribe to download every draft in the library.
Reviews
There are no reviews yet.