Specifies the '7-Year-IPCL 13% Secured Redeemable Non-Convertible Bonds' issued by the Indian Petrochemicals Corporation Limited - 0202(E) - Wealth Tax
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Specified bonds recognition under wealth-tax rules requires transferee to give timely registered notice to issuer for benefit. Specification under the Wealth tax Act recognizes the 7-Year-IPCL 13% Secured Redeemable Non-Convertible Bonds as qualifying instruments; recognition is subject to a transferee notice obligation that makes the benefit under the specified clause admissible on transfer by endorsement or delivery only if the transferee informs the issuing Corporation by registered post within sixty days of transfer.
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 recognition under wealth-tax rules requires transferee to give timely registered notice to issuer for benefit.
Specification under the Wealth tax Act recognizes the 7-Year-IPCL 13% Secured Redeemable Non-Convertible Bonds as qualifying instruments; recognition is subject to a transferee notice obligation that makes the benefit under the specified clause admissible on transfer by endorsement or delivery only if the transferee informs the issuing Corporation by registered post within sixty days of transfer.
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