Long-term infrastructure bonds set conditions on eligible issuers, tenure, yield, PAN and reporting for tax-qualified subscriptions. Long-term Infrastructure Bonds are specified for tax-favored subscription with conditions: named as Long-term Infrastructure Bond; issuable only by listed public and regulated finance entities and RBI-classified Infrastructure Finance Companies; issuance volume limited to a proportion of the issuer's prior incremental infrastructure investments, where 'investment' includes debt, quasi-equity and equity; minimum tenure and lock-in with post-lock-in exit and pledge rights; mandatory subscriber PAN; yield capped to corresponding government security yields reported by FIMMDA; proceeds limited to RBI-defined infrastructure lending and subject to auditor certification and regulatory filing.
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.
Long-term infrastructure bonds set conditions on eligible issuers, tenure, yield, PAN and reporting for tax-qualified subscriptions.
Long-term Infrastructure Bonds are specified for tax-favored subscription with conditions: named as Long-term Infrastructure Bond; issuable only by listed public and regulated finance entities and RBI-classified Infrastructure Finance Companies; issuance volume limited to a proportion of the issuer's prior incremental infrastructure investments, where 'investment' includes debt, quasi-equity and equity; minimum tenure and lock-in with post-lock-in exit and pledge rights; mandatory subscriber PAN; yield capped to corresponding government security yields reported by FIMMDA; proceeds limited to RBI-defined infrastructure lending and subject to auditor certification and regulatory filing.
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