Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
The threshold for availing simplified documentation for issuance of duplicate securities certificates is increased from ₹5 lakh to ₹10 lakh, requiring submission of a standardised Affidavit-cum-Indemnity bond on appropriate non-judicial stamp paper, thereby reducing procedural burden for claims within this value band. For securities valued up to ₹10,000, notarisation is dispensed with and only an undertaking on plain paper is required, thereby enabling quicker low-value restitutions. For securities valued above ₹10 lakh, documentation is rationalised to additionally require an FIR/e-FIR/police complaint or specified court records containing security identifiers, and the listed company must publish a loss advertisement; processing timelines run from completion of documents or publication (whichever is later), with a minimal advertisement fee permissible. The changes apply immediately, including to pending requests, without requiring resubmission of already-filed documents.
The threshold for availing simplified documentation for issuance of duplicate securities certificates is increased from ₹5 lakh to ₹10 lakh, requiring submission of a standardised Affidavit-cum-Indemnity bond on appropriate non-judicial stamp paper, thereby reducing procedural burden for claims within this value band. For securities valued up to ₹10,000, notarisation is dispensed with and only an undertaking on plain paper is required, thereby enabling quicker low-value restitutions. For securities valued above ₹10 lakh, documentation is rationalised to additionally require an FIR/e-FIR/police complaint or specified court records containing security identifiers, and the listed company must publish a loss advertisement; processing timelines run from completion of documents or publication (whichever is later), with a minimal advertisement fee permissible. The changes apply immediately, including to pending requests, without requiring resubmission of already-filed documents.
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