Where a guardian of the property of a ward has been appointed or declared by the Court and such Court so directs, he shall—
(a) if so required by the Court, give a bond to the Judge of the Court with one or more sureties in such form as the Court directs;
(b) if so required by the Court, deliver to the Court, within six months from the date of his appointment or declaration by the Court, or within such other time as the Court directs, a statement of the immovable property belonging to the ward;
(c) if so required by the Court, exhibit his accounts in the Court at such times and in such form as the Court directs;
(d) if so required by the Court, pay into the Court at such time as the Court directs the balance due from him on those accounts.
Legal Commentary & Landmark Judgments: Section 34
Section 34 prescribes mandatory statutory obligations upon every property guardian appointed by the court, including giving an administration bond, delivering an asset inventory within six months, and submitting annual audited accounts.
Strictly calendar Section 34 compliance: ensure the asset inventory is filed within the 6-month statutory deadline. In audit proceedings, attach all rental receipts, tax challans, and bank statements to secure annual discharge of accounts.