Safe-keeping, retention and return of security (Section 25)

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..... ity shall be kept in safe custody by the Commissioner or an officer nominated by him in this behalf. (2) Security tendered in any form shall be retained until the Commissioner orders that there is no further necessity for keeping it. (3) Where a person has ceased to be a dealer or undertakes any other activity for which security under the Act might not be required, the person may .....

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..... the security to the person, unless the person entitled to the security gives an acknowledgment duly signed and witnessed setting forth therein the full particulars of the security released, returned or discharged. ------------------------------ Notes:- 1. Substituted vide Notification No.F.3(22)/Fin.(T E)/2006-07/dsfte/344-353, Dated 07.09.2006 ., w.e.f. 07.09.2006. - .....

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