Specified bonds under section 193(iib) require transferee notification to issuer by registered post to claim benefit. Central Government designates certain secured redeemable non-convertible bonds issued by Neyveli Lignite Corporation as specified bonds under the proviso to section 193, bringing transfers within clause (iib) of that proviso. The proviso benefit is admissible only where the transferee, upon transfer by endorsement or delivery, informs the issuing corporation by registered post within sixty days of the transfer; non compliance with this notification requirement denies the proviso benefit.
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.
Specified bonds under section 193(iib) require transferee notification to issuer by registered post to claim benefit.
Central Government designates certain secured redeemable non-convertible bonds issued by Neyveli Lignite Corporation as specified bonds under the proviso to section 193, bringing transfers within clause (iib) of that proviso. The proviso benefit is admissible only where the transferee, upon transfer by endorsement or delivery, informs the issuing corporation by registered post within sixty days of the transfer; non compliance with this notification requirement denies the proviso benefit.
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