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INDEMNITY Come DECLARATION (On nonjudicial stamp paper of requisite value)Place: Date:To, AXIS BANK RAC Mumbai. Dear Sir/Sirs,1. I/We, (hereinafter referred to as “the Borrower/s “) refer to the
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Indemnity cum declaration is a document that serves as a legal agreement whereby the issuer agrees to compensate the recipient for any losses or damages.
Any individual or entity who is involved in a certain transaction or process that requires indemnification may be required to file an indemnity cum declaration.
To fill out an indemnity cum declaration, the individual or entity must provide information about the transaction or process, details on the parties involved, the nature of the indemnification, and any relevant terms and conditions.
The purpose of an indemnity cum declaration is to protect the parties involved in a transaction or process from potential losses or damages by legally binding the issuer to compensate the recipient.
Information such as the names of the parties involved, the nature of the transaction or process, the scope of indemnification, and any terms and conditions must be reported on an indemnity cum declaration.
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