Central Government specifies the "7-year--IPCL 13% Secured Redeemable Non-Convertible Bonds", issued by the Indian Petrochemicals Corporation Limited u/s 80L - S.O.201(E) - Income Tax

Central Government specifies the "7-year--IPCL 13% Secured Redeemable Non-Convertible Bonds", issued by the Indian Petrochemicals Corporation Limited u/s 80L NOTIFICATION NO. S.O.201(E) DATED 23-2-1988 In exercise of the powers conferred by clause ( ii ) of sub-section (1) to section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the " 7-year--IPCL 13% Secured Redeemable Non-Convertible Bonds ", issued by the Indian Petrochemicals Corporation Limited, for the purpose of the said clause : Provided that the benefit under the said clause shall be admissible in the case of transfer of such bonds, by endorsement or delivery, only if the transferee informs the said Corporation by registered post within a period of sixty days of such transfer. [F. No. 328/121/87-WT]