SCHEDULE V- FORM 19
155. Grant of licence –
(1) (b) No licence for manufacture of explosives other than liquid oxygen explosives shall be granted or renewed to a person for his factory not registered under the Factories Act, 1948 (63 of 1948) unless he executes a bond in Form 19 in favour of the President of India indemnifying person injured or dependants of deceased workers in the event of an accident in the factory [and amount of RS 10,000 for factories manufacturing up to 15 kg of gunpowder or fireworks at any one time], an amount of Rs.25, 000 for factories manufacturing up to 200 kgs. of gunpowder or fire works at any one time and Rs.50,000 in every other case.