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Case law › Notifications › 2008 › Notification No. 06
Notification 14 January 2008

Notification No. 06

Bond with the following particulars specified under section 10

What this is

Notification No. 06 was published on 14 January 2008. Its subject is Bond with the following particulars specified under section 10.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.10s.11, s.19

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

NOTIFICATION NO. 6/2008, DATED 14-1-2008

In exercise of the powers conferred by sub-clause (vii) of clause ( 15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars for the purpose of the said sub-clause, namely :—

(a)

Name of the bond

—

Tax-free Pooled Finance Development Bonds under Pooled Finance Development Fund Scheme of Government of India.

(b)

Issuing authority

—

Water and Sanitation Pooled Fund, Tamil Nadu designated as State Pooled Finance Entity for the State of Tamil Nadu.

(c)

Purpose

—

To part fund the projects implemented by seven Urban Local Bodies under Water Supply Scheme and Under Ground Sewerage Scheme of Tamil Nadu.

(d)

Tenure of the Bond

—

Ten years with five years principal moratorium.

(e)

Total issue size

—

Forty-five crore rupees.

(f)

Interest

—

Not exceeding 8 per cent per annum.

2. The said Bonds are specified subject to :—
(i) the conditions laid down in the Guidelines for the Pooled Finance Development Scheme notified vide Resolution No. K-14011/40/01-UD II (Vol. III) dated 25th October, 2006 of the Ministry of Urban Development and the Guidelines for issue of tax-free Pooled Finance Development Bonds circulated vide OM F. No. K-14011/40/01-UD II (Vol. IV) dated 7th June, 2007 of the Ministry of Urban Development; and
(ii) the condition that they are issued within a period of twelve months from the date of publication of this notification in the Official Gazette.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No. 07  ·  Notification No. 05 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.