Clarification under Section 372A(3) of the Companies Act, 1956.

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..... es, All Stakeholders. Subject: Clarification under Section 372A(3) of the Companies Act, 1956. It is observed from the Budget 2013-14 authorizes Union Govt. to raise Rs. 50,000 crores (Tax Free Bonds). These bonds carry a lower rate of interest, currently in the range of 6.75% to 7.50% which is tax free under Section 10(15) (iv)(h) of the income Tax Act,1961 . Such bonds were also pro .....

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..... s Act, 1956 . 4. This circular is effective from the date of issue. 5. This issues with the approval of Hon'ble Corporate Affairs Minister. (J. N. Tikku) Joint Director 23073067 Copy to: 1. All Concerned 2. PS to CAM 3. PPS to Secretary, PS to Additional Secretary 4. PS to Joint Secretaries. 5. E-Governance Cell for uploading this Circular in MCA-21. - Cir .....

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