Bonus Stripping Transaction [ Section 94(8) ]

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....riod of three months prior to the record date; (b) such person is allotted additional securities or units without any payment on the basis of holding of such securities or units on such date; (c) such person sells or transfers all or any of the securities or units referred to in clause (a) within a period of nine months after such date, while continuing to hold all or any of the additional secur....

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....iness trust defined in clause (13A) of section 2; or (iv) an Alternative Investment Fund defined in clause (b) of regulation 2(1) of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, made under the Securities and Exchange Board of India Act, 1992. for the purposes of entitlement of the holder of the securities or units, as the case may be, to receive ....