Page 58 - Compendium of UGC Regulations 1957-2023

Regulations on Establishment, Maintenance and Recognition of Institutions:

Signature of the Principal of the College with seal Signature of the Registrar with seal.

Note:-
1. Information in respect of only those colleges is to be reported which have actually started
functioning and which are teaching for the first degree.
2. Colleges against which complete information is not given, will not be included in the list till
such time, information is made available.
3. This proforma should be counter-signed by the Registrar.
4. If the Institute is not an affiliated Institute but it is recognised by the University, Please send
extracts of the relevant Act and statutes under which the Institute has been recognised by the
University.
INDEMNITY BOND
(Specimen for Society)

The Indemnity Bond made at ________________ this ________________ day of __________
_______________________________________________between_______________________a
Society registered under the Societies Registration Act, 1860 and now governed
under_________________________________________________________with its Headquarter
located at ________________________________hereinafter referred to as the Association
(which expression shall, unless it be repugnant to the context or meaning there of be deemed
to include its successors, assigns and persons for the time being having control over its assets
and affairs); of the one part and the University Grants Commission a body corporate established
and constituted under the University Grants Commission Act, 1956 hereinafter referred as the
‘Commission’ (which expression shall unless it be repugnant to the context or meaning thereof,
include its successors and assigns of the other part.

Whereas the Association as the owner is conducting

________________________ at________________________ a College known as___________
_____________________________________hereinafter referred to as the said College.

And whereas the said College is affiliated to ___________________________________
University constituted under ________________________Act, hereinafter referred to as the said
University.
And whereas the Commission in carrying out its objects and functions has sanctioned
grants out of its funds to the said College.

And whereas in order to regulate and control the use of the grant that may be made by
the Commission to the said College as terms and conditions of the grant, the Commission has
required the Association to execute this indemnity bond which the Association has agreed to do.
NOW THIS INDENTURE WITNESSED AND IT IS HEREBY AGREED AND
DECLARED BY AND BETWEEN THE PARTIES HERE TO AS FOLLOWS:

1. The Association hereby guarantees and covenants with the Commission that every amount of
grant that will be given by the Commission to the said College shall when received by the said
College solely be used for the benefit and purposes of the said College in accordance with the
terms and conditions of the grants and not for any other purpose or any other institution run
by the said Association and in the event of any part of the said grant being found to have been
used by the Associations for any purpose other than the purpose of the said College or for any

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University Grants Commission