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Union of India - Section
Section 4 in The Merchant Shipping (Recruitment And Placement Of Seafarers) Rules, 2005
4. Recruitment and placement service license .-(1) A recruitment and placement service registered in India may apply for a recruitment and placement license to the seamen's employment office concerned in Form I:
Provided that the Director shall examine the report of the inspecting authority and issue the license on authorisation by the Director-General:Provided further that the Director-General may authorise the Director to issue a license after any inspection carried out under sub-rule (3) of rule 3.| Sl.No. | Number of jobs | Amount of bank guarantee in Indian Rupees |
| 1 | Upto 50 | 5.00 lakhs |
| 2 | 51 to 250 | 7.50 lakhs |
| 3 | 251 to 500 | 10.00 lakhs |
| 4 | 501 to 750 | 12.50 lakhs |
| 5 | 751 to 1000 | 15.00 lakhs |
| 6 | 1001 and above | 20.00 lakhs |