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Indemnity Bond & Indemnity Agreement

નુકસાની બંધપત્ર

An undertaking to make good another party\u2019s loss if a stated risk materialises. High volume, and unforgiving if the scope is drafted loosely.

e-StampNotary

Where an indemnity bond is asked for

Almost always by an institution that is about to do something on incomplete paperwork and wants protection if the paperwork turns out to be wrong:

  • A company or registrar issuing a duplicate share certificate against a lost original
  • A bank or society releasing a deceased customer\u2019s balance or a flat to one heir without probate or a succession certificate
  • A lender or buyer proceeding where an original title deed is lost
  • An RTO or insurer on a vehicle transfer or duplicate RC
  • Customs, tender authorities and government departments as a standing condition
The scope clause is the entire document.

An indemnity is a promise to pay another person\u2019s loss. What you must know before signing is exactly whose loss, arising from what, up to how much, and for how long. Institutions routinely present bonds that are unlimited in amount and unlimited in time. That is negotiable far more often than people assume — and if it is not, you should at least sign knowing what you have signed.

Where several heirs are involved

Where a bank releases a balance to one heir, it will usually want that heir to indemnify it and the other heirs to give no-objection declarations. Those are separate documents doing separate jobs, and both need to name every heir correctly. An indemnity that omits a branch of the family protects nobody. Legal heir documentation →

On stamp duty.

We do not publish duty figures on this website. The Gujarat Stamp Act, 1958 was amended in 2025 and several articles were restructured; a rate printed on a web page goes stale and costs somebody money. As a Government authorised e-Stamping centre we confirm the duty currently prescribed for your specific document and issue the e-stamp against it, at face value. The notarial fee is separate and capped by law — ₹35 to attest execution, ₹35 to administer an oath or take an affidavit, under Rule 10(1) of the Notaries Rules, 1956. The full fee table →

Drafted here, in Gujarati or English

Drafted by an advocate of 35+ years rather than filled into a downloaded template, e-stamped at a Government authorised centre, and notarised in the same visit. If the parties read Gujarati, the document is drafted in Gujarati — not translated out of an English form, because legal Gujarati has its own settled vocabulary and a literal translation frequently means something looser.

What to bring

  • The institution's own format, if they have given you one
  • Photo ID for everyone who has to sign
  • The underlying papers — the lost document details, death certificate, share folio or RC
  • Details of every other person with a claim
  • Any FIR or police complaint filed about a lost document

Related

Common questions

Is an indemnity bond the same as a guarantee?

They are related but not identical. A guarantee is a promise to answer for another person's default; an indemnity is a promise to make good a loss. In practice institutions use the word loosely — what matters is what the document actually says you will pay for.

Can I limit the amount?

You can ask, and it is often accepted, particularly where the underlying value is known — the face value of the shares, the balance being released. An unlimited indemnity for a known and modest exposure is worth pushing back on.

The bank has given me their own printed form. Can you still help?

Yes, and it is worth doing. We read what you are actually undertaking, tell you where the exposure sits, and prepare the supporting affidavits and no-objection declarations that go with it.

Not sure which document you need?

Tell us what the office, bank or court asked for. We will name the exact document, the stamp value and whether notarisation is enough — before you pay anything.

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