Surety Bond - Government College University Faisalabad

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Note:
1.
The surety bond must be written on Stamp Paper of worth of Rs. 100/- (for each page) and
attested by the First Class Magistrate / Civil Judge.
2.
Sureties / Guarantors & Witnesses:a. Both the sureties must be permanent employees in BS-17 or above of GC University,
Faisalabad.
b. If the sureties are not permanent employee of the University, the surety bond be got
registered with joint / Sub-Registrar Faisalabad.
c. The Witnesses should also preferably be University employees.
d. A surety / guarantor cannot be a witness, and vice versa.
e. Signatures of the sureties and the witnesses should be same as appended on their CNICs.
3.
Get the surety bond typed on stamp paper. Hand written / hand filled surety bond are not
accepted.
4.
With the surety bond, attested copies of CNICs of the scholar, 2 sureties and 2 witnesses must
be accompanied.
5.
Please read the entire surety bond first before typing it on the stamp paper. In case of
any confusion, please have support from the Establishment Branch.
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Surety Bond
Memorandum of Agreement between Name of employee S/D/O Father’s name, CNIC No.
xxxx-xxxxxxx-x serving as designation in department / office of name of department at Govt. College
University, Faisalabad and the Chancellor of GC University, Faisalabad / Governor of the Punjab, made
on this date date of submission of surety bond.
Name of employee S/D/O Father’s name, CNIC No. xxxx-xxxxxxx-x, R/O Current
Residential Address serving as designation in department / office of name of department at Govt.
College University, Faisalabad (hereinafter referred to as Employee / Scholar) which expression shall
include his / her successors and legal representatives of the first part, as a result of sanctioning study
leave for higher studies i.e. degree programme in subject at name of University where enrolled by the
Chancellor / Governor of the Punjab (hereinafter referred to as the Chancellor / Governor of the Punjab)
which expression shall include his successors-in-office of the other part.
Now, therefore, in consideration for the said sanction of leave the Employee / Scholar agrees and
undertakes as follow:1.
He / she shall faithfully confine to and abide by the instructions issued with regard to his / her
leave during the period of his / her leave for higher studies as mentioned above.
2.
He / she shall confirm his / her leave for the purpose it has been taken / sanctioned and shall not
change it without prior permission of the Chancellor / Governor of the Punjab.
3.
Upon the expiry of leave he / she shall return to Pakistan / University and resume his / her duties
in the department and render his / her services for minimum period of five (5) years on his / her
return from his / her study leave.
4.
In the event of the breach of any of the aforesaid terms the Employee binds himself / herself
firmly to pay on demand a sum of Rupees Five Million (Rs. 5,000,000/-) to the Chancellor /
Governor of the Punjab.
In witness whereof the produces below two sureties who shall be responsible and stand bind by
this agreement and guarantee that the employees shall perform his / her promise and in case he / she fails
to do so the sureties shall pay the Chancellor / Governor of the Punjab the said amount in default of
payment by the employee.
________________
(Scholar Signature)
Page 2 of 4
Surety No. 1:As I, NAME OF SURETY NO. 1 S/D/O FATHER NAME CNIC No xxxx-xxxxxxx-x,
DESIGNATION OF SURETY (if University employee) / ADDRESS (if not a University employee),
the surety agrees to stand bind by the agreement and guarantee for the performance of the promise by the
employee for the payment of the said amount (Rs. Five Million), in default we are solvent and in position
to pay Rs. 5,000,000/- (Five Million rupees) to the Chancellor / Governor of the Punjab.
(NAME OF SURETY–1)
DESIGNATION / ADDRESS
(NAME & STAMP OF SCHOLAR)
Sign with date
Witnesses:
Witness No. 1:
Name: WITNESS PERSON-A S/D/O _______________________
Address/ Designation:________________________________________________
Signature: ____________________
Witness No. 2:
Name: WITNESS PERSON-B S/D/O _______________________
Address/ Designation:________________________________________________
Signature: ____________________
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Surety Bond
Memorandum of Agreement between Name of employee S/D/O Father’s name, CNIC No.
xxxx-xxxxxxx-x serving as designation in department / office of name of department at Govt. College
University, Faisalabad and the Chancellor of GC University, Faisalabad / Governor of the Punjab, made
on this date date of submission of surety bond.
Name of employee S/D/O Father’s name, CNIC No. xxxx-xxxxxxx-x, R/O Current
Residential Address serving as designation in department / office of name of department at Govt.
College University, Faisalabad (hereinafter referred to as Employee / Scholar) which expression shall
include his / her successors and legal representatives of the first part, as a result of sanctioning study leave
for higher studies i.e. degree programme in subject at name of University where enrolled by the
Chancellor / Governor of the Punjab (hereinafter referred to as the Chancellor / Governor of the Punjab)
which expression shall include his successors-in-office of the other part.
Now, therefore, in consideration for the said sanction of leave the Employee / Scholar agrees and
undertakes as follow:5.
He / she shall faithfully confine to and abide by the instructions issued with regard to his / her
leave during the period of his / her leave for higher studies as mentioned above.
6.
He / she shall confirm his / her leave for the purpose it has been taken / sanctioned and shall not
change it without prior permission of the Chancellor / Governor of the Punjab.
7.
Upon the expiry of leave he / she shall return to Pakistan / University and resume his / her duties
in the department and render his / her services for minimum period of five (5) years on his / her
return from his / her study leave.
8.
In the event of the breach of any of the aforesaid terms the Employee binds himself firmly to pay
on demand a sum of Rupees Five Million (Rs. 5,000,000/-) to the Chancellor / Governor of the
Punjab.
In witness whereof the produces below two sureties who shall be responsible and stand bind by
this agreement and guarantee that the employees shall perform his promise and in case he / she fails to do
so the sureties shall pay the Chancellor / Governor of the Punjab the said amount in default of payment
by the employee.
________________
(Scholar Signature)
Page 4 of 4
Surety No. 2:As I, NAME OF SURETY NO. 2 S/D/O FATHER NAME CNIC No xxxx-xxxxxxx-x,
DESIGNATION OF SURETY (if University employee) / ADDRESS (if not a University employee),
the surety agrees to stand bind by the agreement and guarantee for the performance of the promise by the
employee for the payment of the said amount (Rs. Five Million), in default we are solvent and in position
to pay Rs. 5,000,000/- (Five Million rupees) to the Chancellor / Governor of the Punjab.
(NAME OF SURETY–2)
DESIGNATION / ADDRESS
(NAME & STAMP OF SCHOLAR)
Sign with date
Witnesses:
Witness No. 1:
Name: WITNESS PERSON-A S/D/O _______________________
Address/ Designation:________________________________________________
Signature: ____________________
Witness No. 2:
Name: WITNESS PERSON-B S/D/O _______________________
Address/ Designation:________________________________________________
Signature: ____________________
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