Table of Contents
Are PSU bonds transferable?
Bond can be transferred as per Department of Public Enterprises’ guidelines in the case of an Employee, who leaves service of the Company with proper permission to secure employment under the Central Government, a Public Enterprises or an autonomous body of the Central/State Government.
Is there a bond in ONGC?
These bonds, bearing a fixed coupon of 2.75\% per annum and guaranteed by parent ONGC, are up for repayment in July.
Will there be transfers in ONGC?
Yes,officers of ONGC have to go on transfer or posting anywhere ONGC work centres in India or abroad . Staffers are transfered within the regions only . One more thing ,every officer has to work atleast one tenure in North East region for their promotion to E5 ,ie Chief ,level .
Who is the registrar of ONGC?
as Registrar & Share Transfer Agent of the Company with effect from 04.03. 2016 in place of Ms Karvy Computershare Pvt. Ltd., Hyderabad. Further, in terms of the Regulation 7, a tripartite agreement between the Company, M/s Karvy Computershare Pvt.
How long does it take to transfer bond?
It takes at least three months for the registration and transfer of a bond. But knowing what to do and where to get help will make the process considerably quicker and easier. Here, our easy-to-understand guide takes you through the whole process of registering your bond and buying your home.
How do you get a bond transfer?
A transfer bond is when a bail bond is posted for you from your home state when you are arrested in another state. This allows your family or friends to go to your local bail bond office and fill out the paperwork for you. If you are in another state, you may not have anyone who is willing to do that for you.
What happens if I break the bond of IOCL service?
If you break the bond of IOCL service, you may land up in legal stuffs, they can put a case against you, they can ask you to pay the total amount or more than that. Rest you have to go through the bond letter you have signed.
What are the guidelines for transfer of Bond?
Department of public enterprises guideline for transfer of bond is as follows: “ Enforcement/transfer of bond in respect of employees of Public Enterprises who leave the services of one Undertaking to join another Undertaking/ Government. (DPE O.M. No. 15 (2)/2003-DPE (GM)/GL-57 dated 29th July, 2004) | ”
What is the service agreement bond in NTPC and BHEL?
The service agreement bond in NTPC is INR 2,50,000 for general/OBC candidates and INR 1.25,000 for SC/ST/PWD candidates. The service bond agreement for BHEL is INR 2,00,000 (INR Two lakhs Only). In both these organisations, one has to execute the bond for 4 years (1+3).