Rule 47. Refund of security deposit

(1) On expiry of the period of license, the contractor may, if he does not intend to have his license renewed further, make an application electronically to the licensing authority for the refund of the security deposit deposited by him along with the license and notice of completion of work.

(2) If the Licensing authority is satisfied that there is no breach of the conditions of the license or any provision of the OSH Code or these Rules or there is no order for the forfeiture of the security deposit or any portion thereof, he shall direct the refund of the security deposit to the applicant.

(3) If there is any order directing the forfeiture of any portion of the contractor’s security deposit, the amount to be forfeited shall be deducted from the security deposit, and the balance, if any, shall be refunded to the contractor.

(4) Any application for refund shall, as far as possible, be disposed of within 30 days of the receipt of the application.