If the surety verification form is for a Service Agreement, any person who pays income tax and can provide Form 16 can sign it. This person can be from your family, relatives, or anyone else. It is better if the person is a member of your family.
Surety Verification Form
______________________________________________ (Name of Surety) am standing surety for __________________________(Name of Candidate) (Relationship) if Candidate does not fulfill the terms of the agreement, I stand guarantee and will then be liable to the liquidated damages of Rs. 50, 000 / -.
Original Description:
Copyright:Attribution Non-Commercial (BY-NC)
Available FormatsDownload as DOC, PDF, TXT or read online from ScribdSurety Verification
This is to certify that I, _________________________________________
(Name of Surety) am standing surety for ________________________(Name of
Candidate) who is My __________________________ (Relationship).
Mr./Ms.______________________________(Name of Candidate) has joined Tata
Consultancy Services Ltd on ____________________________ (Candidate’s
date of joining) and executed an agreement on _________ ( Candidate’s date of
joining ).
In the event that Mr./Ms. _____________________________(Name of Candidate)
does not fulfil the terms of the agreement, I stand guarantee and will then be liable to the
liquidated damages of Rs. 50, 000/-.
My permanent address is as follows :
Name:________________________________
Address:________________________________
Tel.No. with:________________________________
STD. Code
(Signature of the Surety)
(SIGNATURE VERIFICATION BY COMPETENT AUTHORITY)
Office Seal: Signature :
Date: Name :
Designation :
Office :
TCS Confidential
Download The PDF
What is the service agreement at TCS, and who needs to provide assurance? The crucial requirement is a 1-year service agreement.
To join TCS, you must commit to a 1-year service agreement. If you end the agreement early for any reason, a penalty of 50000 must be paid to TCS.
The surety, someone who guarantees your commitment, must be a taxpayer. When submitting the service agreement, include the surety’s Income Tax Return (ITR)/Form 16, PAN card, and the last page of the service agreement known as the surety verification form.
The surety verification form should be attested by a competent authority such as a Gazetted officer or Bank manager. If you don’t have access to such a person, you can notarize the surety verification form, and this is acceptable.