Release of bank guarantee requires ward verification and Commissioner approval after no-dues certification and surety acceptance. Release of bank guarantees on cancellation of a dealer's Registration Certificate, or where fresh surety is furnished, requires ward authorities to submit a prescribed note for Commissioner approval. The note must record registration and verification, four past returns, reconciliation of central form utilization with DVAT-51/Form-2B, certification of no dues, disclosure of surety status, and absence of pending appeals. For substitution by a surety bond, VATO-Ward must verify and accept the bond before recommending release, with endorsements by Record Keeper, VATO-Ward, Joint/Deputy Commissioner, and solicitation of Commissioner approval.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Release of bank guarantee requires ward verification and Commissioner approval after no-dues certification and surety acceptance.
Release of bank guarantees on cancellation of a dealer's Registration Certificate, or where fresh surety is furnished, requires ward authorities to submit a prescribed note for Commissioner approval. The note must record registration and verification, four past returns, reconciliation of central form utilization with DVAT-51/Form-2B, certification of no dues, disclosure of surety status, and absence of pending appeals. For substitution by a surety bond, VATO-Ward must verify and accept the bond before recommending release, with endorsements by Record Keeper, VATO-Ward, Joint/Deputy Commissioner, and solicitation of Commissioner approval.
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