A model Indemnity bond for share transmission

[ To be executed on Rs.100/- Non Judicial stamp paper]
INDEMNITY BOND FOR TRANSMISSION
<    > equity shares having distinctive numbers from < > to < > of the face value of Rs.< >/- (Rupees <  > only) stand registered in the name of the Late name of the deceased> in the books of THE company <         >, late <name of the deceased>  who died on <date> leaving behind him the following
Sl. no	NAME	AGE	RELATION
The above mentioned shares / debentures were the separate and self-acquired property of the deceased. Under the Hindu Succession Act, 1956, the persons mentioned above his only heirs are entitled to inherit the aforesaid shares / debentures
I therefore, request the company to transmit these aforesaid shares /debentures stand registered in the name of the Late <           >, in my name and also to pay me dividend payable by the company without production of succession certificate or letters of administration or probate.
In consideration of the above having agreed to comply with my request on my executing a bond in favour of the company, I, the applicant, hereunder for myself, my heirs, executors, administrators and assigns to hereby jointly and  severally covenant with the company, its successors and assigns that we and each of our heirs, executors, administrators and assigns will, on the company transferring the said shares / debentures into my name and paying to me the dividends already due, at all times save, defend and keep indemnified the company its successors and assigns, its estate and effects, and the directors, manager, company secretary and shareholders of the company, their heirs, executors and assigns from and against all actions, causes of actions, suits, proceedings, accounts, claims and demands whatsoever for or on account of the said shares / debentures of the dividends of any part thereof, or otherwise in connection with the same and from and against all claims, damages, costs, charges, expenses and losses arising in any manner howsoever.
In witness whereof, I, the applicant herein have signed and set my hand on <    >
		( Signature of Claimant(s))
Witness-1		Address
Witness-2
We, the undersigned, certify that the above facts are true and bind ourselves as sureties to make good all claims, charges, costs, damages, demands, expenses and losses which the said company may sustain, incur or become liable for in consequence of claims, charges, costs, damages, demands, expenses and losses from our persons or our Properties, as the case may be.
Witness-1		(Signature of Surety)
Witness-2