During The Financial Year 2013-14 - Tax-Free, Secured, Redeemable, Non-Convertible Bonds

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....r 2013-14, tax-free, secured, redeemable, non-convertible bonds, aggregating to amounts mentioned in column (3) of the said table, subject to the conditions, namely; - Eligibility. 1. The following shall be eligible to subscribe to the bonds:- (a) Retail Individual Investors (RIIs); (b) Qualified Institutional Buyers (QIBs); (c) Corporates.- (including statutory corporations), trusts, partnership firms, limited liability partnerships, Co-operative banks, regional rural banks and other legal entities, subject to compliance with their respective applicable legislations; and (d) High Networth Individuals (HNIs). Tenure of bonds. 2. The tenure of the bonds shall be ten, fifteen or twenty years. Permanent Account Numbe....

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....er rate of interest, applicable to RIIs, shall not be available in case the bonds are transferred by RIIs to non retail investors. Issue expense and brokerage. 5. (1) In the case of private placement, the total issue expense shall not exceed 0.25 per cent of the issue size and in case of public issue it shall not exceed 0.65 per cent of the issue size. (2) The issue expense would include all expenses relating to the issue like brokerage, advertisement, printing, registration etc. Public issue. 6. (1) At least 70 per cent of the aggregate amount of bonds issued by each entity shall be raised through public issue and the same shall not be applicable in case of entities where the aggregate amount of bonds as per column (3) of th....

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....ho can bid for the issue. Repayment of bonds. 8. (1) The issuer entity shall submit a financing plan to the Ministry of Finance to demonstrate its ability to repay the borrowed funds once the repayment becomes due. (2) The financing plan referred in sub-paragraph (1) shall be submitted to the Infra-Finance Section, Infrastructure Division, Department of Economic Affairs, Ministry of Finance, within three months of closure of the issue, duly supported by a resolution of the respective entity's Board of Directors. Selection of merchant bankers. 9. (1) The merchant bankers shall be selected through competitive bidding process with transparent pre-qualification criteria and the final selection shall be based on evaluation of ....

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.... National Thermal Power Corporation) 2250] ^6[14 IFCI Limited (formerly known as Industrial Finance Corporation of India) 430]   Explanation.-For the purposes of this notification,- (1) Qualified Institutional Buyers shall have the same meaning as assigned to them in the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000. (2) Retail individual Investors means those individual investors, Hindu Undivided Family (through Karta ), and Non-Resident Indians (NRIs), on repatriation as well as non-repatriation basis, applying for upto rupees ten lakh in each issue and individual investors investing more than rupees ten lakh shall be classified as High Networth Individuals. (3....