Tax-free bonds designation confirms NPCL Series-XIV bonds qualify for exemption subject to holder registration requirement. Central Government specifies the Nuclear Power Corporation of India Limited Series XIV secured, redeemable, non cumulative bonds as tax-free under clause (15)(iv)(h) of section 10, describing their redemption profile, put call options, interest payment, denomination and distinctive numbers. The exemption is subject to the condition that a bondholder registers his or her name and holding with the prescribed agency to qualify for the income exemption.