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c I/We undertake that execution and implementation of the contract and EMI is mandatory requirement for employing Indian workers and we would abide by the provisions thereof* d We are aware of the fact that the Passport of an Indian National should always be kept in his custody. In case the documents are kept in the custody of the company for renewing work permit we would be personally responsible for safe custody of the document. We also understand that no EMI services will be provided by the ...

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What is a statement of undertaking?

An undertaking is a solemn promise to the Court to do, or not do, something or to pay money. It is intended to be obligatory on the person giving the undertaking. They are frequently used where the Court does not have the authority to order a person to do, or not do, something that may be essential to aid settlement.

What is the purpose of letter of undertaking?

Letter of undertaking (LOU) is a form of bank guarantee under which a bank can allow its customer to raise money from another Indian bank's foreign branch in the form of a short term credit.

What is the legal term undertaking mean?

Legal Definition of undertaking 1 : a promise or pledge especially required by law. 2 : something (as cash or a written promise) deposited or given as security especially in a court.

What is the meaning of undertaking in college?

Undertaking means you are given some rules and regulations which have to follow. Undertaking is signed by candidate as an agreement to the fact that he /she will follow as per the conditions mentioned, so if you are getting this form to fill in college then don't think much about it and fill that form.

What is the purpose of letter of undertaking?

Letter of undertaking (LOU) is a form of bank guarantee under which a bank can allow its customer to raise money from another Indian bank's foreign branch in the form of a short term credit.

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How do you write a simple undertaking?

Tips for Writing Undertaking Letter Make sure that the letter is written in a formal tone by avoiding informal greetings. The matter should be unambiguous and short. Seek to prevent technical jargons that may hamper the clarity of the terms. Assure that the letter is signed in good faith.

How do I write an undertaking?

The following are the guidelines for writing an undertaking letter: Include the exact terms of conditions and any other relevant information. Ensure that the letter is drafted in a formal tone. The matter must be unambiguous and short. Ensure that the letter is signed in good faith.

How do I write an undertaking for payment?

I hereby undertake to repay the loan to you in _______ equal and consecutive monthly payments, as of the month of ____________, of the year ________. I am aware that you agree that I may be eligible, at any time and from time to time, to pay off any balance of said loan, all or part thereof.

How do you write an undertaking for college?

1. That all information/certificates submitted by me/us are true and to the best of my/our knowledge and nothing has been concealed. 2. That I/we hereby accept unambiguously all the terms and conditions of the college and undertake to fully abide by them.

What is a legal letter of undertaking?

An undertaking is \u201ca promise given by one party to the Court, frequently of mandatory nature and relating to an obligation to the other party in proceedings.\u201d Undertakings are a legally binding promise which carry severe consequences if breached.

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