Congratulation to all the newly appointed employees. Welcome to PESCO company. The PESCO company is like a family for all the workers, who work under PESCO day and night for the betterment of the Department.
Newly appointed employees after arrival in their concerned offices have some paperwork to fulfill in the best interest of authority. It is a required process for every newly appointed employee. These documents contain the following
Affidavit
An affidavit is a written statement that is made under oath. It is a formal document that is used in legal proceedings to provide testimony or evidence. An affidavit is typically used in place of oral testimony in court, and it is considered to be a legally binding statement.
An affidavit is typically prepared by a person who has personal knowledge of the facts being presented. The person making the affidavit must swear or affirm that the information contained in the document is true and accurate to the best of their knowledge. Affidavits are often used in civil and criminal cases, as well as in other legal proceedings such as divorces and bankruptcy cases. They can be used to provide evidence of the truth of a matter, or to support a particular argument or position.
Asset Declaration Form
An asset declaration form is a document that is used to list and describe an individual’s personal and financial assets. This may include items such as real estate, vehicles, cash, investments, and personal property. The form may also require the individual to disclose any liabilities, such as debts or outstanding loans.
Asset declaration forms are commonly used for a variety of purposes, including for financial disclosure in divorce or legal separation cases, for financial planning or budgeting purposes, and for personal or business loans. In some cases, asset declaration forms may be required by law, such as for public officials or candidates for public office.
Asset declaration forms typically require the individual to list their assets and provide details about each asset, such as its value and location. The form may also require the individual to disclose any changes in their assets over a specific period of time. It is important for the individual completing the asset declaration form to be accurate and truthful in their disclosures, as the form is typically considered to be a legally binding document.
Download Asset Declaration Form
Surety Bond
A surety bond is a financial agreement that is used to guarantee the performance of a person or business. It is a three-party contract in which one party, the surety, guarantees the performance of another party, the principal. The third party is the obligee, who is the person or entity that is protected by the bond.
Surety bonds are commonly used in the construction industry, where they are used to guarantee that a contractor will complete a construction project in accordance with the terms of the contract. They can also be used in other industries, such as for licensing or permitting purposes, or to guarantee the performance of a business or individual in a specific role.
In the event that the principal fails to perform as required, the oblige can make a claim against the bond to seek compensation. The surety will then investigate the claim and, if it is found to be valid, will compensate the oblige up to the amount of the bond. The principal is then responsible for reimbursing the surety for any payments made on their behalf.
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