Zero coupon bond designation for Ten Year Zero Coupon Bond of REC Ltd sets issuance and maturity conditions. The Central Government, exercising powers under the Income-tax Act and Rules, specifies the Ten Year Zero Coupon Bond of REC Ltd as a zero coupon bond, recording its tenure of ten years six months, issuance deadline of on or before 31 March 2027, maturity payment of Rs. 5,000 crores, aggregate discount of Rs. 2,200 crores, and a total issuance of five lakhs bonds.
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Provisions expressly mentioned in the judgment/order text.
Zero coupon bond designation for Ten Year Zero Coupon Bond of REC Ltd sets issuance and maturity conditions.
The Central Government, exercising powers under the Income-tax Act and Rules, specifies the Ten Year Zero Coupon Bond of REC Ltd as a zero coupon bond, recording its tenure of ten years six months, issuance deadline of on or before 31 March 2027, maturity payment of Rs. 5,000 crores, aggregate discount of Rs. 2,200 crores, and a total issuance of five lakhs bonds.
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