Tax-free HUDCO bond specification: benefit contingent on holder registration with issuer under income-tax exemption provision. Central Government specifies 10.5 per cent. tax-free HUDCO Bonds (Series III) issued by the Housing and Urban Development Corporation Limited as eligible for the exemption under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, identifying bonds by distinctive serial number ranges and face value. The exemption is admissible only if the holder registers his or her name and the holding with the Corporation.