TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Recovery Officer Authorized to Transfer Negotiable Instruments Under Rule 37; Valid as Original Party's Action</h1> Rule 37 of the Income-tax (Certificate Proceedings) Rules, 1962, addresses the transfer of negotiable instruments and shares. When a document's execution or endorsement is needed to transfer such assets to a purchaser under the Second Schedule, the Tax Recovery Officer is authorized to execute or endorse the document, which holds the same validity as if done by the original party. The officer can execute the document on proper stamp paper and ensure its registration, with costs borne by the purchaser. Additionally, the officer may appoint someone to receive interest or dividends until the transfer is complete, with receipts being legally valid.
TaxTMI 
TaxTMI 
