Right to receive income from collective investment scheme: registered holder entitled unless transferee registers within prescribed period. The registered holder of units or other instruments issued by a collective investment scheme is entitled to declared income for a year even if the security has been transferred, unless the transferee claiming the income lodges the security and all transfer documents for registration within fifteen days of the income becoming due. The fifteen-day period is extended for delays caused by the transferee's death, loss of transfer deed beyond control, or postal delay.
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.
Right to receive income from collective investment scheme: registered holder entitled unless transferee registers within prescribed period.
The registered holder of units or other instruments issued by a collective investment scheme is entitled to declared income for a year even if the security has been transferred, unless the transferee claiming the income lodges the security and all transfer documents for registration within fifteen days of the income becoming due. The fifteen-day period is extended for delays caused by the transferee's death, loss of transfer deed beyond control, or postal delay.
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