Zero coupon bond specified: Bhavishya Nirman Bond terms set for issuance, maturity value, discount and conditions. The notification specifies the Bhavishya Nirman Bond as a ten year zero coupon bond of NABARD, fixes the bond life at ten years, requires issuance by the announced deadline, sets a fixed redemption amount per bond, leaves the discount to be decided by NABARD at issue, and specifies the total number of bonds; the specification is subject to fulfillment of the conditions in the applicable sub rules of the Income tax Rules, 1962.
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Provisions expressly mentioned in the judgment/order text.
Zero coupon bond specified: Bhavishya Nirman Bond terms set for issuance, maturity value, discount and conditions.
The notification specifies the Bhavishya Nirman Bond as a ten year zero coupon bond of NABARD, fixes the bond life at ten years, requires issuance by the announced deadline, sets a fixed redemption amount per bond, leaves the discount to be decided by NABARD at issue, and specifies the total number of bonds; the specification is subject to fulfillment of the conditions in the applicable sub rules of the Income tax Rules, 1962.
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