2B. Insolvency or death of surety
Where the security furnished by a dealer under rule 2A is in the form of a surety bond and the surety becomes insolvent or dies, the dealer shall, within thirty days of the occurrence of any of the aforesaid events, inform the authority granting the certificate of registration and shall within ninety days of such occurrence furnish a fresh surety bond or security in any of the forms as provided in sub-rule (3) of rule 2A for the same amount.]
----------------------------------------------------------------------------------------------
1. Rule 2A and 2B was inserted by GNFD No.STR 1572/3701/72/M-2, dated 31.3.1973. |