Tax free municipal bonds specified for issuance; eligibility for tax exemption conditioned on holder registering name and holding. Specification of Tax Free Municipal Bonds authorises a designated municipal entity to issue bonds during the stated financial year and fixes the aggregate amount authorised for issuance. The notification identifies the bonds as qualifying for exemption under sub-clause (vii) of clause (15) of Section 10 of the Income-tax Act, 1961. The tax-exemption benefit for holders is subject to a procedural eligibility condition: the exemption applies only if the holder registers his or her name and the holding with the issuing corporation.