TMI BlogPeriod of holding requirementsX X X X Extracts X X X X X X X X Extracts X X X X ..... lled the fixed lock-in period which shall commence from the date of purchase of such securities in the relevant financial year and end one year from the date of purchase of the last set of eligible securities (in the same financial year) on which deduction is claimed under the Scheme. (3) The new retail investor shall not be permitted to sell, pledge or hypothecate any eligible security ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ible lock-in period, is equal to or higher than the amount claimed as investment for the purposes of deduction under section 80CCG of the Act; (B) in case the value of investment portfolio in the demat account falls due to fall in the market rate of eligible securities in the flexible lock-in period, then notwithstanding sub-clause(A),- (i) the demat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall, on the expiry of the period of holding of the investment, be converted automatically into an ordinary demat account. (7) For the purpose of valuation of investment during the flexible lock-in period, the closing price as on the previous day of the date of trading, shall be considered. (8) While making the initial investments upto fifty thousand rupees, the total cost of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) shall notify the corporate actions, referred to in sub-paragraph (9), allowed under the Scheme in this regard. ] ----------------------- Notes:- 1. Inserted vide Notification No. 51/2012, dated 23/11/2012 - - statute, statutory provisions legislation, law, enactmen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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