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of <h1>Bharati Telenet Ltd authorized to issue shares and bonds under Section 54EB, with strict investment and tax conditions.</h1> The Central Board of Direct Taxes has authorized M/s Bharati Telenet Limited to issue equity shares and debentures or bonds within one year from the notification date, with a cap of INR 175 crores for shares and INR 246 crores for debentures or bonds. This issuance is under section 54EB of the Income-tax Act, 1961. Investments in these securities must be made from the net consideration of long-term capital asset transfers. If these securities are transferred or converted into money within seven years from allotment, the initial investment will be taxed as a capital gain.
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