Manner in which security may be furnished (Section 25)

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....be acceptable.      Provided that security may be offered partly in one form and partly in another.       ^1[(2A) The security required to be furnished by a person under sub-section 4 of section 60, shall be, at least 50% in the form of security specified at sl. no.1 of the 'Table - Forms of Security' below and balance may be in any of the forms of security specified in the said table.]       (3) The security required to be furnished by a person under clause (b) of sub-section (5) of section 61 shall be, at least, 50% in the form specified as item no. 1 of the Table below and balance may be in any of the form specified in Table below.      ....

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....icates, Treasury Savings Deposits, National Plan Savings Certificates, 12 Year National Defence Certificates, 10 Year National Defence Certificates. These certificates shall be formally transferred to the (President of India) and shall be accepted with the sanction of the Post Master of the office of registration. Surrender value at the time of tender 4 PostOfficeSavingsBankPass Books. A pass book, for a deposit made under the Post Office Savings Bank Rules may be accepted as security provided that the dealer has signed and delivered to the Post Master a letter in the prescribed form as required by the said rules. The pass book shall be sent to the post office as soon as possible after the 15th June of each year so that ne....

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....roperty mortgaged shall be free from all encumbrances. Personal surety shall be in the form of a personal bond with one or two guarantees acceptable to the Commissioner. This form of security shall be accepted subject to such conditions as may be laid down from time to time by the Commissioner by a general or special order. The liability of the surety or guarantor shall be co-extensive with that of the dealer for the period the contract of surety or guarantee remains in operation notwithstanding the fact that the assessment proceedings against the dealer under Chapter VI of the Act for the period are initiated before or after the said period. The liability of the surety or guarantor shall be enforced and executed according to the law ....