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of <h1>Energy Development Co. shares classified as specified securities under Section 54EA of Income-tax Act, 1961.</h1> The Central Board of Direct Taxes has designated certain shares issued by Energy Development Company Limited, Bangalore, as specified securities under section 54EA of the Income-tax Act, 1961. These shares, to be issued within one year from the notification date, are valued at up to INR 8.2 crores and must not be transferred within three years of allotment. Energy Development Company Limited is a public company registered under the Indian Companies Act, 1956, with its registered office in Mysore.
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