Specified debentures: treatment extended to designated public sector bonds provided transferee gives prompt registered notification to issuer. The Central Government specifies two categories of NTPC secured, redeemable, non-convertible bonds as specified debentures under clause (xvie) of section 5(1) of the Wealth-tax Act. Eligibility for the benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuing corporation by registered post within sixty days of such 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 debentures: treatment extended to designated public sector bonds provided transferee gives prompt registered notification to issuer.
The Central Government specifies two categories of NTPC secured, redeemable, non-convertible bonds as specified debentures under clause (xvie) of section 5(1) of the Wealth-tax Act. Eligibility for the benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuing corporation by registered post within sixty days of such transfer.
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