Deduction - The Long Term Infrastructure Bond.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 Act, 1948 (15 of 1948); 2. The Lif .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ents' 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-in period the investor may exit either through the secondary market or through a b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 Statutory Auditor of the issuer; (ii) the issuer shall also file these along with term sheets to the In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X