Examples of Bond Certificate in a sentence
Each Bond Certificate will be numbered serially with an identifying number which will be recorded in the Register.
On completion of the all statutory formalities, such credit in the account will be akin to a Bond Certificate.
Where not all the Bonds represented by the surrendered Bond Certificate are the subject of the transfer, a new Bond Certificate in respect of the balance of the Bonds will be issued to the transferor.
However, in case , if all formalities are not completed the same will be akin to letter of allotment , which on completion of the all statutory formalities, such credit will be akin to a Bond Certificate.
In the case of a transfer of only part of the Bonds represented by a Bond Certificate, neither the part transferred nor the balance not transferred may be less than the authorised denomination and a new Bond Certificate in respect of the balance not so transferred will be issued to the transferor.