Notification No. 48

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that Ho Sto WHe-33004/99 Gah : REGD, NO. D. L.-33004/99
Che Gazette of Gudia
SATAN
EXTRAORDINARY
UT [1—Gvs 3—SI-Ves (ii)
PART I—Section 3—Sub-section (ii)
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2 7 THE GAZETTE OF INDIA:EXTRAORDINARY __[Parr II--Sec. 3(i)]
—S eee ee ii) wttral: fara Harta & ania art fear & (d) Tenure of the boud—
tre & sie eater & ore Fetes TS (i) the minimum lock-in period for an investor shall
AY BET BUT | be five years;
7 . (ii) after the lock-in, the investor may exit either
Lafrqan @. 48/2010/ Gi. G. 149//84/2010-aratt through the secondary market or through a (rite) ] buyback facility, specified by the issuer in the fare ae, stat aaa issue documents at the time of issue;
MINISTRY OF FINANCE (iv) the bond shall also be allowed as pledge or lien or hypothecation for obtaining loans from (Department of Revenue) Scheduled Commercial Banks, after the said (CENTRAL BOARD OF DIRECT TAXES) lock-in period;
NOTIFICATION (e) Permanent Account Number (PAN) to be
New Delhi, the 9th July, 2010 furnished.—It shall be mandatory for the :
INCOME-TAX subscribers to furnish their PAN to the issuer;
S.O. 1639(E).—In exercise of the powers conferred : a .
by Section 80CCF of the Income-tax Act, 1961 (43 of 1961), ( Yield of ne Bone The yield of the bond shalt the Central Government hereby specifies bonds, subject not excee we yie'g on government securities 0
. gs on corresponding residual maturity, as reported by to the following conditions, as long-term infrastructure the Fixed In ket and Derivati bonds for the purposes of the said section, namely :— 6 nixed Tncome Money Market and Derivatives
, Association of Inda (FIMMDA), as on the last (a) Name of the bond.—The name of the bond shall working day of the month immediately preceding be “Long-term Infrastructure Bond”; the month of the issue of the bond; (b) issuer of the bond.—The bond shall be issued (g) End-use of proceeds and reporting or monitoring y — . mechanism.—
() Industrial Finance Corporation of India; (i) The proceeds shall be utilised towards (ii) Life Insurance Corporation of India; ‘infrastructure lending’ as defined by the (iii) Infrastructure Development Finance Company Reserve Bank of India in the Guidelines issued
Limited; . yu (iv) A Non-Banking Finance Company classified (ii) the end-use shall be duly reported in the as an Infrastructure Finance Company by the Annual Reports and other reports submitted
Reserve Bank of India; by the issuer to the Regulatory Authority ae concerned, and specifically certified by the (c) Limit on issuance— ~ Statutory Auditor of the issuer; oO a oom will be issued during financial year (iii) the issuer shall also file these along with term
; , ; sheets to the Infrastructure Division, (i) the volume of issuance during the financial Department of Economic Affairs, Ministry of year shall be restricted to twenty-five per cent Finance within three months from the end of of the incremental infrastructure investment financial year.
. : financi mia By the Issuer during the financial year [Notification No. 48/2010/F. No. 149/84/2010-SO
° (TPL)]
Gii) ‘investments’ for the purposes of this limit shall include loans, bonds, other forms of debt, VIMAL ANAND, Under Secy.
. quasi-equity, preference equity and equity;
; Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.