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Indemnity bond

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(Querist)
18 September 2017 In indemnity bond for loss of share certificate,two surity needs to sign. I had one surety who earn 15000 p.m and had .filed ITR. and no form 16. and another having C.A firm receiving professional fees. Can these be surety in indemnity bond
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 September 2017 The person standing as surety should be solvent to the extent of the amount covered in the indemnity bond. However, the indemnitee ( company) can stipulate conditions such as the surety should be income tax payees So seek clarification from the indemnitee.
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