Person and the required amount of security to be furnished Section 19(2), 25, 60(4), 61(5)

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..... ot exceeding one lakh rupees along with the application for registration. Provided that the amount of the security shall be reduced by the amount stated below subject to a total maximum reduction of fifty thousand rupees, in case the person produces the following documents: (a) Last paid electricity bill in his name Ten thousand rupees .....

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..... of any premises including the office, shop, godown, box, locker, safe, almirah or other receptacle, shall furnish security of a sum equal to one per cent of the maximum of GTO of last three years or a sum equal to five lakh rupees, whichever is higher.] (3) A person offering to pay security under sub-section (5) of section 61 for release of any goods vehicle, goods and documents sei .....

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