Deduction - The Long Term Infrastructure Bond.

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..... bonds for the purposes of the said section, namely:- ( a ) Name of the bond - The name of the bond shall be "The Long Term Infrastructure Bond" ( b ) Issuer of the Bond - The Long Term Infrastructure Bonds to be issued in the financial year 2011-12 shall be issued by - 1. The Industrial Finance Corporation of India, established under section 3 of the Industrial Finance Corporation .....

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..... ts made by the issuer during the financial year 2010-11; ( iii )'investments' for the purposes of this limit shall include loans, bonds, other forms of debt, quasi-equity, preference equity and equity. ( d ) Tenure of the bond - ( i ) The tenure of the Bond shall be for a minimum period of ten years; ( ii ) the minimum lock-in period for an investor shall be five years; ( iii ) after the lock- .....

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..... End-use of proceeds and reporting or monitoring mechanism - ( i ) The proceeds of the Bond shall be utilized towards 'infrastructure lending' as defined by the Reserve Bank of India in the Guidelines issued by it; ( i ) the end-use shall be duly reported in the Annual Reports and other reports submitted by the issuer to the Regulatory Authority concerned, and specifically certified by the St .....

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