Tax-free bond authorization permits issuance of secured non-convertible railway bonds subject to holder registration and interest varying by tranche. Authorization for the issuing corporation to issue tax-free secured, redeemable, non-convertible railway bonds during the specified financial year, with stated denominations for public and other issues, an aggregate issuance limit, and an interest rate band varying by tranche size and tenor; tax exemption is conditional on the bondholder registering his or her name and holding with the issuing corporation.
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.
Tax-free bond authorization permits issuance of secured non-convertible railway bonds subject to holder registration and interest varying by tranche.
Authorization for the issuing corporation to issue tax-free secured, redeemable, non-convertible railway bonds during the specified financial year, with stated denominations for public and other issues, an aggregate issuance limit, and an interest rate band varying by tranche size and tenor; tax exemption is conditional on the bondholder registering his or her name and holding with the issuing corporation.
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