https://www.taxtmi.com/news?id=3085 The Government issued the Postal Life Insurance Special Floating Rate Security 2022 to the Department of Post at par to convert frozen POLIF and RPOLIF corpus. Banks and insurance companies' investments will not count as eligible government bond investments for statutory requirements, though insurance holdings may be treated as "other Approved Bonds" under insurance investment regulations. Provident, gratuity and superannuation fund investments will be eligible under the Ministry of Finance administrative order. The Special Floating Rate Bonds are transferable and eligible for market ready forward transactions, including repo. en-us Thu, 12 Apr 2012 10:15:35 +0530 Thu, 12 Apr 2012 10:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3085 The Government issued the Postal Life Insurance Special Floating Rate Security 2022 to the Department of Post at par to convert frozen POLIF and RPOLIF corpus. Banks and insurance companies' investments will not count as eligible government bond investments for statutory requirements, though insurance holdings may be treated as "other Approved Bonds" under insurance investment regulations. Provident, gratuity and superannuation fund investments will be eligible under the Ministry of Finance administrative order. The Special Floating Rate Bonds are transferable and eligible for market ready forward transactions, including repo. News - Thu, 12 Apr 2012 10:15:35 +0530 https://www.taxtmi.com/news?id=3085