Specifies the "7-Year-IPCL 13% Secured Redeemable Non-Convertible Bonds" issued by the Indian Petrochemicals Corporation Limited - 0202(E) - Wealth Tax

Specifies the "7-Year-IPCL 13% Secured Redeemable Non-Convertible Bonds" issued by the Indian Petrochemicals Corporation Limited Notification Number: 0202(E) Dated 23-02-1988 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 "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. File Number: 328/121/87-WT