Procedure for notification of zero coupon bond

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....d to be issued by it shall be made in Form No.2 at least three months before the date of issue of such bond. (2) An application made under sub-rule (1) shall not be made for notification of a bond which is to be issued beyond a period of two financial years following the financial year in which such application is made. (3) An application made under sub-rule (1) shall be disposed of within a....

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....te Act or Provincial Act, a copy of the relevant Act. (5) The Central Government, while specifying a zero coupon bond, by notification, shall satisfy itself that the following conditions are fulfilled:- (a) the period of life of the bond is not less than ten years and not more than twenty years; (b) the entity proposing to issue a zero coupon bond has an investment grade ratin....

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....where the application is made by an infrastructure debt fund, such fund shall along with the application, submit an undertaking that a sinking fund shall be maintained for the interest which will accrue on all the zero coupon bonds subscribed and such interest shall be invested in Government security as defined under section 2(f) of the Government Securities Act, 2006 (38 of 2006). (6) The Cent....