Central Board of Direct Taxes specifies the following shares and debentures as long-term specified securities u/s 54EA - S. O. 444(E) - Income Tax

Central Board of Direct Taxes specifies the following shares and debentures as long-term specified securities u/s 54EA NOTIFICATION NO. S. O. 444 ( E ) DATED 21-5-1998 In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby specifies the following shares and debentures as long-term specified securities, for the purpose of the said section, namely:--- ( a ) Shares to be issued M/s. Reliance Patalganga Power Ltd., a public company registered under the Indian Companies Act, 1956, and having its registered office at Shree Ram Mills premises, 3rd Floor, Ganapat Rao Kadam Marg, Worli, Mumbai, within one year from the date of publication of this notification, of an amount not exceeding Rs. 462.39 crores which are not transferable before three years after their allotment; and ( b ) Debentures to be issued M/s. Reliance Patalganga Power Ltd., a public company registered under the Indian Companies Act, 1956, and having its registered office at Shree Ram Mills premises, 3rd Floor, Ganapat Rao Kadam Marg, Worli, Mumbai, within one year from the date of publication of this notification, of an amount not exceeding Rs. 1,078.91 crores which are not transferable or convertible before three years after their allotment [Notification No. 10615/F. No. 178/135/97-ITA-I]