Specification of public sector bonds - 0972(E) - Wealth Tax

Specification of public sector bonds Notification Number: 0972(E) Dated 04-11-1987 In exercise of the powers conferred by clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957 (27 of 1957), the Central Government hereby specifies the following debentures for the purpose of that clause, namely:- (i) "10-year-9 per cent. (Tax Free) Secured Redeemable Non-convertible Bonds (B-series)" issued by the National Hydroelectric Power Corporation Ltd; (ii) "7-year-13 per cent. Secured Redeemable Non-convertible Bonds (B-series)" issued by the National Hydroelectric Power Corporation Ltd; 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 company concerned by registered post within a period of sixty days of such transfer. File Number: 328/101/87-WT