Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Entire Act]

State of Odisha - Section

Section 7 in The Orissa Tea (Registration of Dealers and Declaration of Stocks) Order, 1984

7. Security deposit.

(1)Every person applying for a certificate shall, before a certificate is issued in his favour, deposit with the Registering Authority a sum of rupees one thousand by way of security for due performance of the conditions subject to which the certificate is issued to him.
(2)The security deposit referred to in Sub-Clause (1) shall be made in any one of the following forms, namely :
(a)A Demand draft on the State Bank of India endorsed in favour of the Registering Authority;
(b)A deposit-at-call-receipt of the State Bank of India endorsed in favour of the Registering Authority;
(c)Government securities at five per cent below market price or at face value, whichever is less endorsed in favour of the Registering Authority;
(d)Savings certificate transferred in the manner provided in Rule 19 of the Post Office Savings Certificate Rules, 1960, to the Governor of Orissa in his official capacity;
(e)Treasury receipts endorsed in favour of the Registering Authority;
(f)Post Office Savings Bank Pass Book the account being pledged to the Registering Authority; and
(g)Cash deposit info Government Treasury under the head Revenue Deposits.