Secured bonds or debentures against fixed assets limited to market value; authorised officials may file deposits complaints. Amendment provides that bonds or debentures secured by mortgage of specified fixed assets (excluding intangibles) or convertible into shares are subject to the Acceptance of Deposits rules, with the amount of such secured instruments not to exceed the market value of the charged fixed assets; it also authorises the Regional Director, Registrar of Companies, or any other Central Government officer to make complaints under the deposits enforcement provision.
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.
Secured bonds or debentures against fixed assets limited to market value; authorised officials may file deposits complaints.
Amendment provides that bonds or debentures secured by mortgage of specified fixed assets (excluding intangibles) or convertible into shares are subject to the Acceptance of Deposits rules, with the amount of such secured instruments not to exceed the market value of the charged fixed assets; it also authorises the Regional Director, Registrar of Companies, or any other Central Government officer to make complaints under the deposits enforcement provision.
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