3. Amount of security.-
(1) Determination of the amount of security deposit under sub-section (3) of Section 11 shall be done with reference to the estimated number of persons to be recruited by an applicant during the period for which the registration is applied for in accordance with the following scale,-
(i) upto 300 workers Rs.3 lakh
(ii) 301 to 1000 workers Rs.5 lakh
(iii) 1001 and above Rs.10 lakh)
In the event of the recruitment of the specified getting completed before the date of expiry of the certificate, the holder of the certificate may be permitted by the Registering Authority to continue recruitment upto the date of expiry of the certificate on furnishing additional security in accordance with the scale prescribed after reckoning the total number of persons to be recruited, including the already recruited.