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of <h1>Neyveli Lignite Corp issues 7-year 13% taxable bonds; transfers must be registered within 60 days for benefits.</h1> The Central Government, under the powers granted by section 193(iib) of the Income-tax Act, 1961, specifies the issuance of '7-year 13% (taxable) Secured Redeemable Non-convertible NLC Bonds (F-Series)' by Neyveli Lignite Corporation Limited. These bonds are subject to certain conditions, including that any transfer of the bonds must be communicated to the corporation by the transferee via registered post within sixty days to avail the benefits under the specified clause.
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