Indemnity Bond
- Fee
- ₹3,499
- Turnaround
- 1 day
What this is
An indemnity bond - a promise to make good any loss the recipient may suffer - usually required by a bank, company, registrar, university, insurer or authority before issuing a duplicate document, releasing money or shares, accepting a claim, or acting on a request without the usual proof. Our panel advocate drafts and reviews the bond and delivers it signed on letterhead; execution on stamp paper, notarisation and any surety are separate steps we explain.
What you get
An indemnity bond drafted, reviewed and signed by our panel advocate on letterhead, with the indemnifier and the indemnified party, the recital of the request or loss that gives rise to it, the indemnity limited to the specific matter and amount where the recipient permits, the surety where required, the duration, and the execution and attestation block. Delivered ready for execution, with a note on the stamp paper value in your state for indemnity bonds, notarisation, and any surety the recipient requires. Stamp paper and notary charges are not included.
How it works
- Tell us who is asking and whyThe recipient, the document or transaction, and any format. Upload their letter and your ID.
- Confirm the contentThe matter indemnified, the amount and any surety.
- Answer the advocate's questionsWhat loss the recipient could actually suffer, whether the indemnity can be capped, and whether a surety is available.
- PayPay the fee.
- Advocate drafts and signsOur panel advocate drafts the bond and signs it on letterhead.
- Bond is deliveredYou receive the bond for execution on stamp paper, with the note.
What to have ready
- Your ID and address proofAadhaar, PAN, passport or voter ID.
- Letter, format or checklist from the recipient (if you have it)If any.
- Documents relating to the matter (if you have it)Copy of the lost document, account statement, share details, death certificate.
- Police complaint or public notice (if you have it)If made.
- Surety's ID and address proof (if you have it)If a surety is involved.
- Authority letter or resolution (if you have it)If signing for an entity.
What this is based on
- Contract Act 1872 (1872)
- state Stamp Act
- Notaries Act 1952. (1952)
- Indian Stamp Act, 1899 and state stamp Acts (1899)Source: https://www.indiacode.nic.in/handle/123456789/2395