Security from certain classes of dealers and other persons Rules 22 to 25

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on, or for the proper realisation of tax, composition money or other dues payable under this Act or as a condition of registering a person as a dealer or as a condition of making a refund under section 38 of this Act ^2[or as a condition of de-sealing or release under sub-section (4) of section 60,], require a person or prescribed class or persons to furnish security for the proper performance of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bsp;     (e)  any other matter which the Commissioner considers relevant. (3)  Where the security or additional security furnished by a person is in the form of a surety bond and the surety dies or becomes insolvent, the person shall within one month of the occurrence of such event, inform the Commissioner and shall within three months of such occurrence, execute a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....-------- Notes:- 1. Substituted vide DVAT (Second Amendment) Act, 2005; Notification No.F.14(29)/LA/2005/333, Dated 16/11/05, w.e.f. 16.11.2005., before it was read as:- "(1) The Commissioner may as a condition of - (a)    registering a person as dealer; (b)   making a refund under section 38of this Act; require a person or prescribed class of persons to ....