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1、BANKGUARANTEEFORMAT‘TOBESTAMPEDINACCORDANCEWITHTHEPROVISIONSOFTHESTAMPACT’.To,TheManagingDirector,BiotechnologyIndustryResearchAssistanceCouncil,A-254,VeeraTower,BhishamPitamahMarg,DefenceColony,NewDelhi–110024.THISDEEDOFGUARANTEEismadeonthis_______dayof_____,2013by……….and/org
2、overnedbytheBankingCo.RegulationActandhavingitsHeadOfficeat…………..(hereinaftercalledthe"Bank"whichexpressionshallwhereverthecontextsoadmit,includeitsexecutors,administratorsandsuccessors)infavourofBiotechnologyIndustryResearchAssistanceCouncil,aGovernmentofIndiaEnterpriseincorp
3、oratedundertheIndianCompaniesAct,1956,havingitsofficeatA-254,VeeraTower,BhishamPitamahMarg,DefenceColony,NewDelhi–110024(hereinafterreferredtoas“BIRAC”whichexpressionshallincludeitsexecutors,successorsandassigns).___________________,isacompanyincorporatedundertheCompaniesAct,1
4、956havingitsregisteredofficeat_______________,hereinaftercalled“the________)(whichexpressionshallwhereverthecontextsoadmitsincludeitssuccessorsininterest,liquidators,administratorsandpermittedassignees)WHEREASBIRACoperatesaschemeentitledBiotechnologyIndustryPartnershipProgramm
5、e(hereinaftercalledBIPP)havingpartnershipwithindustriesforpublicsupportonacostsharingbasisforpath-breakingresearchanddevelopmentofappropriatetechnologiesinthefieldofbiotechnology;ANDWHEREASthe_________hasconceivedaprojectrelatedto_____________”andsubmittedaproposalwithamendmen
6、ts(hereinaftercalled“theProject”)underBIPPforloanandgrants-in-aidassistanceonthetermsandconditionsstipulatedintheAgreementexecutedbythemon______________.ANDWHEREASthe________isrequiredtofurnishaBankGuaranteeforasumofRs.+++++++/-(Rupees++++++++only)assecurityforfulfillingitscom
7、mitmentstoBIRACasstipulatedintheAgreement,.ANDWHEREASTHEBANKhasagreedtostandasguarantoronbehalfofthe________andexecutethisguaranteeforthesatisfactoryfulfillmentoftheobligationundertheAgreementby__________.NOWTHEREFORE,THEDEEDOFGUARANTEEWITNESSETHASFOLLOWS:1)INCONSIDERATIONOFWH
8、ATISSTATEDHEREINABOVETHEBANKherebyguaranteesthatthe________wi
