Interest on dematerialised listed securities included under amended Section 193 proviso, extending the proviso to such company-issued securities. A proviso clause is inserted after clause (viii) and before the Explanation to section 193, providing that interest payable on securities issued by a ... Summary
Interest on dematerialised listed securities included under amended Section 193 proviso, extending the proviso to such company-issued securities.
A proviso clause is inserted after clause (viii) and before the Explanation to section 193, providing that interest payable on securities issued by a company is encompassed where such securities are in dematerialised form and listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act and related rules, effective from the commencement date specified in the amendment.
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