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Indemnity bond secures Registrar against claims when unpaid dividends are released from government revenue account. Form No. III under the Companies Unpaid Dividend Rules, 1978 is an indemnity bond by which a claimant requesting payment of unpaid dividend from the Central Government's General Revenue Account agrees to indemnify the Registrar of Companies against any claim up to the amount stated, and includes particulars of the indemnitor, the amount and dividend year, date and place, signature, and two witnesses with addresses.
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Provisions expressly mentioned in the judgment/order text.
Indemnity bond secures Registrar against claims when unpaid dividends are released from government revenue account.
Form No. III under the Companies Unpaid Dividend Rules, 1978 is an indemnity bond by which a claimant requesting payment of unpaid dividend from the Central Government's General Revenue Account agrees to indemnify the Registrar of Companies against any claim up to the amount stated, and includes particulars of the indemnitor, the amount and dividend year, date and place, signature, and two witnesses with addresses.
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