Tax-exempt bonds: Government specifies RECL seven-year bonds as tax-exempt, subject to mandatory holder registration requirement. Government specifies three series of seven year tax free bonds issued by Rural Electrification Corporation Limited, each defined by interest rate, half yearly interest payments, tranche designation, distinctive bond numbers, face value per bond and aggregate issue value; tax benefit is admissible only if the holder registers their name and holding with the issuing corporation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax-exempt bonds: Government specifies RECL seven-year bonds as tax-exempt, subject to mandatory holder registration requirement.
Government specifies three series of seven year tax free bonds issued by Rural Electrification Corporation Limited, each defined by interest rate, half yearly interest payments, tranche designation, distinctive bond numbers, face value per bond and aggregate issue value; tax benefit is admissible only if the holder registers their name and holding with the issuing corporation.
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