Rule 92: Refund of security deposit
Reviewed by Finin2min Editorial Desk · Last reviewed 30 August 2026
Rule 92 — Governs refund of security deposit and the rights, duties, powers or procedure expressly stated in this rule. Key operative text: (1) On expiry of the period of licence the contractor may, if not intends to have their licence renewed further, make an application electronically to the licensing authority for the refund of the security deposited by them…
Occupational Safety, Health and Working Conditions (Central) Rules, 2026 were finally notified under G.S.R. 345(E), 8 May 2026. The Central Rules must be read with the Code and any later amendment/corrigendum.
Finin2min analysis — operative rule mechanics
Operative clauses
- (1) On expiry of the period of licence the contractor may, if not intends to have their licence renewed further, make an application electronically to the licensing authority for the refund of the security deposited by them along with copy of licence so expired and notice of completion of work and bank details in which amount is required to be refunded.
- (2) Where the authority is satisfied that there is no breach of the conditions of licence or there is no order for the forfeiture of security deposit or any portion thereof, authority shall direct the return of the security deposit to the contractor.
- (3) If there is any order directing the forfeiture of any portion of security deposit, the amount to be forfeited shall be deducted from the security deposited and balance, if any, shall be refunded to the contractor within thirty days from the making of application.
Provisos / explanations
- No proviso/explanation was separately extracted from this rule.
Thresholds & timelines
- (3) If there is any order directing the forfeiture of any portion of security deposit, the amount to be forfeited shall be deducted from the security deposited and balance, if any, shall be refunded to the contractor within thirty days from the making of application.
- (4) Any application for refund shall, be disposed of within thirty days of the making of such application.
Full notified text — Rule 92
92. Refund of security deposit.-(1) On expiry of the period of licence the contractor may, if not intends
to have their licence renewed further, make an application electronically to the licensing authority for the
refund of the security deposited by them along with copy of licence so expired and notice of completion
of work and bank details in which amount is required to be refunded.
(2) Where the authority is satisfied that there is no breach of the conditions of licence or there is no
order for the forfeiture of security deposit or any portion thereof, authority shall direct the return of
the security deposit to the contractor.
(3) If there is any order directing the forfeiture of any portion of security deposit, the amount to be
forfeited shall be deducted from the security deposited and balance, if any, shall be refunded to the
contractor within thirty days from the making of application.
(4) Any application for refund shall, be disposed of within thirty days of the making of such
application.Application and evidence
- Primary statutory test — (1) On expiry of the period of licence the contractor may, if not intends to have their licence renewed further, make an application electronically to the licensing authority for the refund of the security deposited by them along with copy of licence so expired and notice of completion of work and bank details in which amount is required to be refunded.
- Additional operative limb — (2) Where the authority is satisfied that there is no breach of the conditions of licence or there is no order for the forfeiture of security deposit or any portion thereof, authority shall direct the return of the security deposit to the contractor.
- Numerical or timing control — (3) If there is any order directing the forfeiture of any portion of security deposit, the amount to be forfeited shall be deducted from the security deposited and balance, if any, shall be refunded to the contractor within thirty days from the making of application.
- Code Section mapping — 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 119. Read the mapped provision together with this text rather than treating the concordance as a substitute for it.
- Evidence file — retain facts and records proving the role/status of: Authority / officer.
Cross-references & prescribed forms
Sections cited/mapped
Forms
No form is directly mapped in the current rule register.
Worked example
For an establishment affected by refund of security deposit, the compliance owner should identify the applicable sector and authority, document the prescribed control/notice/record and retain inspection or training evidence. A text point to test is: “(3) If there is any order directing the forfeiture of any portion of security deposit, the amount to be forfeited shall be deducted from the security deposited and balance, if any, shall be refunded to the contractor within thirty days from the making of application.” Reconcile the mapped Code Section(s) 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 119.
Illustrative only. Use the exact notified rule, prescribed form and competent authority.
Q&A — Rule 92
What is Rule 92 of the Occupational Safety, Health and Working Conditions (Central) Rules, 2026?
Rule 92 — Governs refund of security deposit and the rights, duties, powers or procedure expressly stated in this rule. Key operative text: (1) On expiry of the period of licence the contractor may, if not intends to have their licence renewed further, make an application electronically to the licensing authority for the refund of the security deposited by them…
What does Rule 92 require or permit?
A principal operative clause extracted from the notified rule is: “(1) On expiry of the period of licence the contractor may, if not intends to have their licence renewed further, make an application electronically to the licensing authority for the refund of the security deposited by them along with copy of licence so expired and notice of completion of work and bank details in which amount is required to be refunded.” Read it with all sub-rules and provisos below.
Does Rule 92 contain a proviso or explanation?
No standalone proviso or explanation was extracted from this rule text. Check the complete rule below for clause-level conditions.
What deadline, period, percentage or amount appears in Rule 92?
The rule contains this numerical/time expression: “(3) If there is any order directing the forfeiture of any portion of security deposit, the amount to be forfeited shall be deducted from the security deposited and balance, if any, shall be refunded to the contractor within thirty days from the making of application.” Apply it only in its notified context.
Which Code sections are linked to Rule 92?
The current concordance maps Rule 92 to Section(s) 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 119.
When did Rule 92 come into force?
The final Central Rules were notified as G.S.R. 345(E), 8 May 2026; Rule 1 states that the Rules come into force on publication. Check any later amendment or corrigendum before reliance.