Paperless issuance of NSC and KVP: exclusive e mode preferred, pass book alternative retained with pledging and transfer rules enforced. Issuance of KVP and NSC shifts to two modes: exclusive e mode with non printable online Part A and database Part B accessible only to the investor, and pass book mode where the e mode format is printed or entered in a pass book bearing the issuing officer's signature and designation. Systems must record issue date and mode, pass books may be collected and cancelled if replaced by e mode, pass book instruments are eligible for pledging subject to verification and freezing by the CBS office, transfers require prescribed applications and reissuance/cancellation of pass books, and serial numbers are replaced by unique account/registration numbers.
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.
Paperless issuance of NSC and KVP: exclusive e mode preferred, pass book alternative retained with pledging and transfer rules enforced.
Issuance of KVP and NSC shifts to two modes: exclusive e mode with non printable online Part A and database Part B accessible only to the investor, and pass book mode where the e mode format is printed or entered in a pass book bearing the issuing officer's signature and designation. Systems must record issue date and mode, pass books may be collected and cancelled if replaced by e mode, pass book instruments are eligible for pledging subject to verification and freezing by the CBS office, transfers require prescribed applications and reissuance/cancellation of pass books, and serial numbers are replaced by unique account/registration numbers.
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