Statement filing under section 269AB: late submissions may be registered and trigger acquisition timelines; prosecution possible for delay. A prescribed statement must be filed and registered by the Competent Authority; rules set 30 days for filing and 60 days for registration. A registered statement is treated as an instrument of transfer permitting acquisition proceedings, with the limitation period for initiating those proceedings running nine months from the end of the month in which registration occurs. Belated filings may be registered, and the limitation runs from registration; prosecution for non compliance may be initiated for unreasonable 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.
Statement filing under section 269AB: late submissions may be registered and trigger acquisition timelines; prosecution possible for delay.
A prescribed statement must be filed and registered by the Competent Authority; rules set 30 days for filing and 60 days for registration. A registered statement is treated as an instrument of transfer permitting acquisition proceedings, with the limitation period for initiating those proceedings running nine months from the end of the month in which registration occurs. Belated filings may be registered, and the limitation runs from registration; prosecution for non compliance may be initiated for unreasonable delay.
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