Specified securities under section 54EB: non-transferable shares and debentures with seven-year lock in and one-year allotment. The notification designates shares and debentures issued by Shapoorji Pallonji Infrastructure Capital Company Ltd as specified securities under section 54EB, subject to company-level issuance ceilings, a seven-year non-transferability/non-convertibility lock-in from the date of allotment, and the condition that the instruments be issued and allotted to the assessee within one year from the notification's publication.
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 securities under section 54EB: non-transferable shares and debentures with seven-year lock in and one-year allotment.
The notification designates shares and debentures issued by Shapoorji Pallonji Infrastructure Capital Company Ltd as specified securities under section 54EB, subject to company-level issuance ceilings, a seven-year non-transferability/non-convertibility lock-in from the date of allotment, and the condition that the instruments be issued and allotted to the assessee within one year from the notification's publication.
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