1. This document is an indemnity bond executed by a vehicle owner in favor of the Regional Transport Authority to allow the owner to ply their vehicle in Telangana state while challenging a court order regarding quarterly tax payments.
2. The bond outlines the vehicle details and that the owner owes quarterly tax payments but has filed a court petition challenging the order.
3. The owner executes the bond to comply with an interim court order allowing them to operate the vehicle, and agrees to indemnify the transport authority against any losses from non-payment of taxes depending on the court's final order.
1. This document is an indemnity bond executed by a vehicle owner in favor of the Regional Transport Authority to allow the owner to ply their vehicle in Telangana state while challenging a court order regarding quarterly tax payments.
2. The bond outlines the vehicle details and that the owner owes quarterly tax payments but has filed a court petition challenging the order.
3. The owner executes the bond to comply with an interim court order allowing them to operate the vehicle, and agrees to indemnify the transport authority against any losses from non-payment of taxes depending on the court's final order.
1. This document is an indemnity bond executed by a vehicle owner in favor of the Regional Transport Authority to allow the owner to ply their vehicle in Telangana state while challenging a court order regarding quarterly tax payments.
2. The bond outlines the vehicle details and that the owner owes quarterly tax payments but has filed a court petition challenging the order.
3. The owner executes the bond to comply with an interim court order allowing them to operate the vehicle, and agrees to indemnify the transport authority against any losses from non-payment of taxes depending on the court's final order.
INDEMNITY BOND (To be typed on non-judicial Stamp Paper of Rs. 100=00 )
1. This Indemnity Bond is executed on this _____ day of_______,2015,
at_____________by Sri./Smt._____________________________________ S/o./W/o._______________________ Aged____years Resident of________, Owner of / duly authorized agent / servant of the vehicle bearing Registration Number____________________ (hereinafter referred to as ‘Registered Owner’) in favour of Secretary Regional Transport Authority_________________, Telangana State (hereinafter referred to as ‘Licensing Officer’) : 2. WHEREAS the particulars of the vehicle owned by the Registered Owner are as follows: a. Registration Number : b. Class of Vehicle: c. Chassis Number : d. Engine Number: e. Make and Model: f. Permit Number:_____________ Validity____________ Issued By_________________. g. Particulars of the Registering Authority:
3. WHEREAS the owner of the said Vehicle is liable to pay Rs._______________
(Rupees___________________) towards quarterly Tax from the quarter beginning with 01.04.2015 for his vehicle, in terms of the orders issued vide G.O.Ms.No.68, Transport, Roads and Buildings (Tr.I) Department dt.13.04.2006 as amended from time to time and adapted by the Government of Telangana vide G.O.MS.No.2 Transport, Roads and Buildings (Tr.I) Department dt.17.06.2014 read with G.O.Ms.No.15 Transport, Roads and Buildings (Tr.I) Department dt.30.03.2015, Government of Telangana. 4. And WHEREAS, the owner of the said vehicle filed W.P.No.__________ before the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and for the State of Andhra Pradesh challenging the said order levying the quarterly Tax. 5. AND WHEREAS the Hon'ble High Court passed an interim order dated _________ in W.P M.P in W.P.No. ______________________. 6. AND WHEREAS in obedience to the interim order of the Hon'ble High Court, this Indemnity Bond is executed by the Registered owner to ply the above said vehicle in the State of Telangana, subject to the order dt ______ and the Registered owner undertakes to pay the amount due from 1.04.2015 as may be ordered by the Hon'ble High Court . 7. NOW THEREFORE this deed witnesses and it is agreed to undertake to indemnify the Licensing Officer,________________ representing the State of Telangana against any loss arising due to non-payment of the above Quarterly Tax. IN WITNESS WHEREOF this Deed has been executed at ________________ by the aforesaid Registered Owner in the presence of witnesses.