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[Cites 0, Cited by 0] [Section 4] [Entire Act]

Union of India - Subsection

Section 4(12) in The Merchant Shipping (Recruitment And Placement Of Seafarers) Rules, 2005

(12)The bank guarantee referred to in clause (f) of sub-rule (3) or in clause (f) of sub-rule (6) shall be in accordance with the Table below:-[TABLE
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
] [Substituted by G.S.R. 580(E), dated 14.9.2005 (w.e.f. 14.9.2005). ]