Rule 40. The procedure under sub-section (2) of section 48

1. Before a license is issued under any rule of these rules, bank guarantee for an amount calculated at the rate of Rupees 1000 for each of the worker to be employed as contract labour, in respect of which the application for license has been made, shall be deposited by the contractor for performance of the conditions of the license and compliance with the provisions of the Code or the rules made thereunder. 2. Wherein the issued contract license had expired, based on the request of the applicant, the Licensing Officer may adjust the security deposit in respect of his application for new license to be issued in Form-XIV. 3. The fees to be paid for the grant of a license shall be as specified in the table below, namely: - a. No license is required up to 49 contract labour Nil Pa 26 0/282 c 7 b. 50 but does not exceed 100 contract labour Rs. 1000 c. 101 but does not exceed 300 contract labour Rs. 2000 d. 301 but does not exceed 500 contract labour Rs. 3000 e. 501 but not exceeding 1000 contract labour Rs. 5000 f. 1001 but not exceeding 5000 contract labour Rs.10000 g. 5001 but not exceeding 10000 contract labour Rs 20000 h. 10001 but not exceeding 20000 contract labour Rs 30000 i. 20001 and above contract labour Rs. 40000