Earnest money

There is a distinction between ‘Earnest Money’and part of the purchase price. Earnest money , although taken as part payment of theconsideration, is also a guarantee for the due performance of the contract.

S.O.96

Earnest Money Deposits tendered by contractors or purchasers of Forest produce should be paid by them direct into a treasury or sub-treasury by chalan or money order and the duplicate copy of the chalan or money order acknowledgement receipt should be made over by the parties concerned to the Divisional Forest Officer in token of the payment. When it is necessary to refund the amount, the payment order should be endorsed by the Divisional Forest Office in favor of the Treasury Officer on the chalan or in the case of a deposit by a money order in the payment voucher; and the Treasury Officer should pay the amount to the parties concerned and in no case the Divisional Forest Officer.

S.O.97-

A revenue deposit repayment order should not be cashed if presented at the treasury after the lapse of three months from the date of the Deputy Commissioner orders for payment. Lapsed order may be presented to the Deputy Commissioner, who, after making any necessary enquiries will re-date the order and attach the alternation of the date by his signature.

S.O.98

Deposits of any month when fully repaid during that month should bedrawn on separate voucher, and entered in a covering list, the total of which should agreewith the total sum entered at foot of the repayment register.

S.O. 99

When a portion of any deposit is repaid in the same month, the amount of the payment voucher should be separately entered in the body of the repayment register and the entire deposit should be shown in the Receipt Register. It is only when a deposit is fully repaid in the month that the amount should be included in the lump sum added at the foot of both the Receipt and Repayment Registers, the voucher being entered in the covering list referred to above.

S.O.100

In order to avoid the inconvenience and risks which accompany the payment of money upon proceedings recorded in the vernacular languages, and to ensure caution in the issue of such orders, every order issued by a court or office for the payment of money from a Government treasury shall be in English, unless the proceeding officer is unacquainted with that language. If the disbursing officer does not understand English, and the Officer ordering the payment does, the order for payment shall be both in the vernacular and in English.