Specifies the following bonds, issued by the Neyveli Lignite Corporation Limited - 0265(E) - Wealth Tax

Specifies the following bonds, issued by the Neyveli Lignite Corporation Limited Notification Number: 0265(E) Dated 16-03-1988 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 following bonds, issued by the Neyveli Lignite Corporation Limited, for the purpose of the said clause, namely:- (i) "7-year 13% Secured Redeemable Non-Convertible Bonds (B Series)"; (ii) "10-year 9% (Tax free) Secured Redeemable Non-convertible Bonds (B Series)"; 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. ( Sd. ) Nutan Sharma, Under Secretary to the Govt. of India . File Number: 328/96/87-WT