Lock-in requirement: fixed lock-in followed by flexible trading subject to demat account compliance and valuation rules. The scheme requires a fixed lock-in period from purchase until one year after the last purchase in the financial year during which eligible securities cannot be sold, pledged or hypothecated; this is followed by a two-year flexible lock-in period permitting trading only if the demat account is compliant for a prescribed cumulative number of days each year by maintaining investment value at or above the amount claimed for deduction, with valuation, repurchase and compliance rules for market declines.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Lock-in requirement: fixed lock-in followed by flexible trading subject to demat account compliance and valuation rules.
The scheme requires a fixed lock-in period from purchase until one year after the last purchase in the financial year during which eligible securities cannot be sold, pledged or hypothecated; this is followed by a two-year flexible lock-in period permitting trading only if the demat account is compliant for a prescribed cumulative number of days each year by maintaining investment value at or above the amount claimed for deduction, with valuation, repurchase and compliance rules for market declines.
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