THIS DEED of indemnity made at…………………on this………………… day of………………
20………………… between X Y Z Co. Ltd., a Company registered under the Companies Act, 1956 and
having its registered office at………………… (hereinafter called “the Company”) and Shri A, son
of Shri………………… resident of(hereinafter referred to as “the Managing Director”).
WHEREAS
At the request of the Company, and in consideration of the Company agreeing to give such indemnity as
hereinafter appearing, the Managing Director has executed promissory notes and other instruments in
favour of Bank (the company’s Bankers) by way of guarantee or collateral security for loans granted or to
be granted by the said Bank from time to time or on account of the company or in respect of other
financial accommodation to be granted by the said Bank to the Company

NOW THESE PRESENTS WITNESS AS FOLLOWS:
(1) The Company hereby agrees and covenants with the Managing Director that the Company will pay on
demand to the said Managing Director all sums, which the said Managing Director may have to pay to
the said bank of his having executed any such promissory note or instruments as aforesaid and will at all
times hereafter keep the said Managing Director fully indemnified against all claims, demands, actions,
proceedings, losses, damages, costs, charges and expenses which may be made or brought or
commenced against him or which the said Managing Director may or may have to bear, pay or suffer,
directly or indirectly in respect of any such promissory note or other instruments as aforesaid.
(2) The obligations of the Company under this Deed shall not be discharged by reason of cessation of
the guarantees given by the said Managing Director at any time and shall continue in force or revive in
the event of subsequent renewal thereof.
(3) This deed shall not preclude the said Managing Director from enforcing any other remedy against the
Company to which he may be or become entitled, under the guarantees given by him as
aforesaid
IN WITNESS, the parties hereunto have signed this deed on this day and year above written.
WITNESSES Signed and delivered by the XYZ Co. Ltd., the
1 within named Company, by the hand of Shri ……………………its duly authorised
official
2. Signed and delivered by A, the within named Managing Director