You are viewing the translated version of जमानत वा डिपोजिट लिने.
(1) If he appears to take the contract under rule 7, if he takes the contract for any amount in installments, the person should pay a bail or deposit equal to one part of three parts of the total contract rupees (Act According to section 14) should be given.
(2) The surety or deposit placed under sub-rule (1) shall not be returned until all the obligations of the contractor related to the contract are fulfilled.
(3) In case two or more persons take a contract jointly, one of those contractors can give the security or deposit required for the contract on behalf of all or all according to their share. But if the number of shares is open, everyone must give a guarantee or deposit of an equal number.
(4) If someone gives a guarantee of immovable property for a contract, the property cannot be transferred in any way or placed as a guarantee elsewhere until all obligations related to the contract are fulfilled by the contractor. Not available. If the contractor does not work according to his commitment or abandons or terminates the contract before the payment of the contract period, the loss caused to the Government of Nepal and the balance to be taken by the Government of Nepal from the contractor and 10 percent of the interest thereof shall be recovered from the said property. (5) If the person who is a guarantor under section 19 of the Act on behalf of the contractor gives his immovable property in writing to bear all the obligations mentioned in sub-rule (4), the guaranty will not be rejected. p>
(6) If it is found later that the immovable property that has been secured has been secured elsewhere or has been transferred in any other way before the security has been placed, the contract with him will be canceled according to the law. The loss caused to the government of Nepal and the interest thereof shall be recovered from the contractor and the guarantor in accordance with the law. No.