Notification No. 77/2010

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3983 GI/2010 (1)
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200 THE GAZETTE OF INDIA: EXTRAORDINARY ____[Part Sec. 34i)]
Gi) forded fact ad ot cerita a dia ae (d) Tenure of the bond :
Se dear saree yar, anfiias ard (i) aminimum period of ten years; faum, fact Hara & wa aafr qaat (ii) the minimum lock-in period for an afea sa afiae Ht atm | investor shall be five years; wo . . (iii) after the lock-in, the investor may exit (orfirgpern -
[om ¥. 77/2010/BLA, 178/31/2010-EH si either through the secondary market or (aig & t-1)] through a buyback facility, specified by |
TAT AIST, faeere (sme fi-1) the issuer in the issue documents at the time of issue;
MINISTRY OF FINANCE - (iv) the bonding shall also be allowed as |
(Department of Revenue) pledge or, lien or hypothetication for |
obtaining loans from Scheduled |
(CENTRAL BOARD OF DIRECT TAXES) Commercial Banks, after the said lock-in |
NOTIFICATION period;
New Delhi, the 1 1th October, 2010 (e) Permanent Account Number (PAN) to be |
furnished:—It shall be mandatory for the (INCOME-TAX) subscribers to furnish their PAN to the issuer;
S.O. 2519(E).— In exercise of the powers conferred (f) Yield of the bond:—The yield of the bond shail by section 80CCF of the Income Tax Act, 1961 (43 of 1961), not exceed the yield on government securities the Central Government hereby notifies the following of corresponding residual maturity as reported bonds that shall be subject to the following conditions, as by the Fixed Income Money Market and long term infrastructure bonds for the purposes of the said Derivatives Association of India (FIMMDA), section, namely :—- as on the last working day of the month (a) Name of the bond: “Long term infrastructure Immediately preceding the month of the issue
Bond” of India Infrastructure Finance oF the Sond;
Company Ltd. (IIFCL) (g) End-use of proceeds and reporting or
7 . monitoring mechanism :--- (i) The proceeds (b) Issuer of the bond: “Long term infrastructure shall be utilized towards ‘infrastructure lending’
Bond” of India Infrastructure Finance as defined by the Reserve Bank of India in the oO
Company Ltd. (HFCL). Guidelines issued by it; (c) Limit on issuance : (i) the end-use shall be duly reported in the (i) The bond shall be issued during the Annual Reports and other reports
. . submitted by the issuer to the financial year 2010-2011; .
Regulatory Authority concerned, and (ii) the volume of issuance during the specifically certified by the Statutory financial year shall be restricted to Auditor of the issuer; twenty-five per cent of the incremental (ii) the issuer shall also file these along with infrastructure investments made by the term sheets to the Infrastructure issuer during the financial year Division, Department of Economic
2009-2010; Affairs, Ministry of Finance within three (iit) ‘investments’ for the purposes of this months from the end of financial year.
limit shall include loans, bonds, other {Notification No. 77/2010/F.No.178/3 1/2010-
forms of debt quasi-equity, preference SO(UITA-1)
equity and equity; RAMAN CHOPRA, Director (ITA-1)
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
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