Thursday, March 10, 2016

[Asan Ideas for Wealth] Esteemed Members, I need some information. This...

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  Anish Mohan , Rajkumar Subbarayan and 14 others posted in Asan Ideas for Wealth .       Anish Mohan March 11 at 11:38am   Esteemed Members, I need some information. This is regarding Infrastructure Bonds Tranche 1 of FY 2011 -12 from IDFC. The buyback date is 29th Dec 2016. This is held in Physical Form. On the reverse of the bond, it is written, to exercise buyback option, I am required to send the "1.The original bond certificates duly discharged by the sole holder/ all the joint holders". My question is 1. Can the bond certificates be sent to the registrar who is karvy computershare 2. What is the meaning of "duly discharged" ? Is this some special kind of undertaking or any special activity ? If this is a silly question, please laugh at it, but also, please render the answer too :) 3. This was purchased in Joint Names. My wife's maiden name is present on the bond certificate. Now she has appended my surname. So, is there any way, I can update the name on the bond certificate ? 4. If I dematerialise the bond and push this in my Demat account, how will the "duly discharge" happen ? How will I also tell the Registrar to exercise buyback either ? Long list of questions. But thanks in advance for answering.I had to do it for Some guy whom my father had to oblige, or else I wouldn't have got into this mess !   Like Comment    
   
 
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Anish Mohan, Rajkumar Subbarayan and 14 others posted in Asan Ideas for Wealth.
 
   
Anish Mohan
March 11 at 11:38am
 
Esteemed Members, I need some information. This is regarding Infrastructure Bonds Tranche 1 of FY 2011 -12 from IDFC. The buyback date is 29th Dec 2016. This is held in Physical Form. On the reverse of the bond, it is written, to exercise buyback option, I am required to send the "1.The original bond certificates duly discharged by the sole holder/ all the joint holders". My question is
1. Can the bond certificates be sent to the registrar who is karvy computershare
2. What is the meaning of "duly discharged" ? Is this some special kind of undertaking or any special activity ? If this is a silly question, please laugh at it, but also, please render the answer too :)
3. This was purchased in Joint Names. My wife's maiden name is present on the bond certificate. Now she has appended my surname. So, is there any way, I can update the name on the bond certificate ?
4. If I dematerialise the bond and push this in my Demat account, how will the "duly discharge" happen ? How will I also tell the Registrar to exercise buyback either ?

Long list of questions. But thanks in advance for answering.I had to do it for Some guy whom my father had to oblige, or else I wouldn't have got into this mess !
 
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