FORM 6
SECURITY BOND UNDER THE KERALA GENERAL SALES TAX RULES, 1963
See Rule 6(2) (e)
KNOW all men by these presents that I/We .......(full name) ...........(full address) am/are heldand firmly bound unto the Governor of Kerala exercising the executive power of the Government of the State of Kerala (hereinafter referred to as "the Govenment" which expression shall, unless excluded by or repugnant to the context, include his successors in office and assign including any authority under Section 3 of the Kerala General Sales Tax Act, 1963) in the sum of Rupees .................(amount in figures and followed by amount in words) (hereinafter referred to as "the said sum") to be paid to the Government on demand, for which payment well and truly to be made, I/We bind myself/ourselves/my/our/heirs, executors, administrators and legal representatives by these presents.
WHEREAS the above bounden has been required by the Assistant /sales Tax Officer/Sales Tax Officer to furnish security for the said sum for the purpose of securing the proper payment of the tax payable by him/them under the said /Act and indemnifying the Government against all loss, costs or expenses which the Government may, in any way, suffer, sustain or pay by reason of the omission, default or failure of the above bounden or any person to persons acting under or for him/them to pay such tax in the manner and by the time provided by or prescribed under the said Act;
NOW the condition of the above written bond is such that if the above bounden, his/their heirs, executors, administrators and legal representatives or any person acting under or for him/them pays the full amount of tax payable by him under the said Act, such demand to be in writing and to be served upon the above bounden, his/their heirs, executors, administrators and legal representatives or any person acting under or for him/them in the manner provided by or prescribed under the said Act, and shall also at all times indemnifying and save harmless the Government from all and every loss, cost or expenses which the above bounden is held liable to pay the tax under the said Act, be caused by reason of any act, omission, default, failure or insolvency of the above bounden or of any person or persons acting under or for him/them, this obligation shall be void and of no effect otherwise the same shall be and remain in full force;
AND IT is hereby further agreed that in the event of the death/partition/ disruption/ dissolution/ winding up or the final cessation of the liability , under the Act or the rules prescribed thereunder of the above bounden, this bond shall remain with the assessing authority for twelve years from the occurring of any of the events aforesaid of recovering any tax that may be payable by the above bounden or any loss, cost or expenses that may have been sustained, incurred or paid by the Government owing to persons acting under or for him/them or the above bounden's heirs, executors administrators and legal representatives and which may not have been discovered until after the above bounden's death/partition /disruption/dissolution/winding upon final cessations of his/their liability under the said Act or the Rules prescribed thereunder;
PROVIDED ALWAYS that without prejudice to any other right or remedy for recovering the tax, loss or damage as aforesaid it shall be open to the Government to recover the amount payable under this bond as an arrear of land revenue or fine imposed by a Magistrate.
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 ...... Signature .............
Status .........
1.
2.
WE ........... Hereby declare ourselves sureties for the above bounden and guarantee that he/they shall do and perform all that he/they, has/have above undertaken to do and perform, and in case of his/their omission, default of failure therein, we hereby bind ourselves jointly and severally to forfeit to the Governor of the Kerala , exercising the executive power of the Government of the state of Kerala.( herein after reffered to as "the Government", which expression shall, unless excluded by or repugnant to the context include his successors in office and assign including any othority appointed under section 3 of the include. This successors in office and assign including any othority appointed under section 3 of the Kerala General Sales Act, 1963).The sum of Rupees................................................ (amount in figures followed by amount in words )( herein after reffered to as "the said sum" ) in which above bounden has bound himself or such other lesser sum as shall be deemed to be sufficient by the assessing othority to recover any amount of tax payable by the above bounden and remaining unpaid and also to recover any, loss, demage, cost or expenses, which the government may, sustain incur or pay by reason of such omission, default or failure.
AND WE agree that the Government may, without prejudice to any other rights or remadies of the Government recover the said sum from us, jointly and severally, as an arrear of land revenue and/or fine imposed by a Magistrate;
AND WE also agree that the neither of us shall be at liberty to terminate this suretyship except upon giving to the assessing authority six calander months., notice in writing of our intention so to do, and our joint and several liability under this bound shall continue in respect of all acts, omissions, defaults, failure, and insolvencies on th epart of the above bounden until the expiration of the said period of six months.
Signature of sureties in presence of: