Bond Study Leave

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  BOND FOR OFFICIATING SERVANTS GRANTED LEAVE FOR HIGHER STUDIES KNOW ALL MEN BY THESE PRESENTS THAT WE, Smt SNEHA S Wife of RANJITH U,CHIRAKKAL (H), ANNANTHODE, NALLEPILLY(PO), PALAKKAD,678553 (H.E Name and Address) at present employed on regular basis as Assistant Professor in the INFORMATION TECHNOLOGY DEPARTMENT OF COLLEGE OF ENGINEERING AND MANAGEMENT PUNNAPRA (hereinafter called “the Bounden”), Smt DEEPA A.B, COLLEGE OF ENGINEERING AND MANAGEMENT PUNNAPRA (H.E name and address) and  Smt. NEETHU SATHYAN.M, COLLEGE OF ENGINEERING AND MANAGEMENT PUNNAPRA (H.E name and address) (hereinafter called “the Sureties”) do hereby bind ourselves and each of us, and each of our heirs, executors , administrators and assigns jointly and severally to pay to the Director, Co-operative Academy of Professional Education (Herein after called “CAPE”) on demand the sum of Rs.5,00,000/-(Rupees five lakhs only) and serve to CAPE for 5 Years on completion of M.Tech. If I fail to comply with the above conditions, I will have to pay the bounded amount with 12% per annum. Signed on this the………………………………….Day of ……………………………….2014  Signed by Smt. KRISHNAPRIYA V J(the Bounden) In the presence of witness 1 2 Signed by Shri./Smt. Signed by Shri./Smt. (The Sureties) In the presence of witness: 1. 2. WHEREAS the CAPE have granted to the Bounden leave without allowance for a period of 24 months 0 days with effect from 03/09/2013. Inorder to enable the Bounden to complete successfully the course on M.Tech. and acquire the M.Tech. degree within a period of three years from the commencement of course, on condition that on expiry of the leave ,the Bounden shall serve CAPE in such a capacity as the CAPE may require in The Engineering colleges under CAPE or in any other Institution under CAPE as the CAPE may require, for a period of five years and sureties have agreed to the same. Now the condition of the above written obligation is that in the event of the Bounden failing to serve in such a capacity as the CAPE may direct for a minimum period of five years if so required by the CAPE, the Bounden and the sureties shall forthwith pay to the CAPE the said sum of Rs.5,00,000/- (Rupees Five Lakhs only) together with interest at 12% per annum and costs and upon payment of such sums the above written obligation shall be void and of no effect ,otherwise this shall be and remain in full force and effect. Provided further that the Bounden and the sureties hereby agree that all sums found due to CAPE under or by virtue of this bond shall be recoverable jointly and severally from the Bounden and sureties and their properties movable and immovable under the provisions of the revenue recovery Act for the time being in force as though such sums are arrears of land revenue or in such other manner as the CAPE may deem fit.   The liability of the surties under this bond is co- extensive with that of the bounden and shall not be affected by the CAPE giving time or any other indulgence to the Bounden. Sig ned by Shri/Smt. ………………………………………………………………………(The Bounden)  Signature of bounden In the presence of witnesses: 1. 2. Signed and delivered by the sureties (1) (2) In the presence of witnesses: 1. 2 Note In case the sureties are not Gazetted Government Servants or equivalent to the status of an Asst.Professor in Engineering / Technology under regular CAPE service, the Director of CAPE will satisfy himself about the solvency of the proposed sureties, obtaining necessary certificates from the Tahasildar. Signed and delivered by the institute The Director Co-Operative Academy of Professional Education Thiruvananthapuram

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Jul 22, 2017

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Jul 22, 2017
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