Long Term Infrastructure Bond sets issuer eligibility, tenure and lock in, PAN, yield cap, end use and reporting obligations. Specifies Long Term Infrastructure Bond for deduction under section 80CCF with named eligible issuers, an issuance limit tied to prior year incremental infrastructure investments (broadly defined), mandatory PAN for subscribers, a minimum tenure and investor lock in with post lock in exit and pledging options, a yield cap linked to government securities as per FIMMDA, and mandatory end use for RBI defined infrastructure lending with auditor certification and filing of term sheets to the Infrastructure Division.
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 Bond sets issuer eligibility, tenure and lock in, PAN, yield cap, end use and reporting obligations.
Specifies Long Term Infrastructure Bond for deduction under section 80CCF with named eligible issuers, an issuance limit tied to prior year incremental infrastructure investments (broadly defined), mandatory PAN for subscribers, a minimum tenure and investor lock in with post lock in exit and pledging options, a yield cap linked to government securities as per FIMMDA, and mandatory end use for RBI defined infrastructure lending with auditor certification and filing of term sheets to the Infrastructure Division.
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