James Antony (Chartered Accountant) (43 Points)
06 November 2009Dear Colleagues
Please enlighten me on this query. Whether the secured unlisted non-convertible debentures issued by a company will fall under the definition of 'Negotiable Instruments'?
Sunil
(Trader)
(2611 Points)
Replied 07 November 2009
You are in the wrong section. Anyway they are securities that are tradeable. They are movable properties and not negotiable instruments like bills of exchange etc that indicate money.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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