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Capital Gain Tax Bonds

CAPITAL GAIN TAX BONDS AVAIBALE UNDER SECTION 54 EC…..

  • Issue is Closing  on-31.03.2014
  • Rate of Interest 6.00% p.a. payable annually on 30th June
  • Facility of Payment of Interest and Redemption through N ECS
  • Bonds can be held in Demat /Physical Form
  • Automatic Redemption after 3 Years without surrendering Bonds Certificate
  • No TDS on Interest
  • On line viewing of Bonds Status from the dedicated web site http://rec.rcmcdelhi.com
  • Minimum Investment Rs 10000, Maximum Investment Rs 50 lakhs

 NHAI Capital Gain Bonds Series XIV

DETAILS

Credit Rating

AAA/Stable by CRISIL and IND AAA (Stable) by India Ratings & Research

Face Value

Rs. 10000/- per Bond

Issue price

Rs. 10000/- per Bond

Minimum application size

One Bond of Rs. 10,000/-

Maximum application size

Five Hundred Bonds of Rs. 10,000/- each (Rs. 50,00,000 ) subject to fulfillment of other conditions as specified in Income Tax Act.

Mode of Subscription

100% on application

Deemed Date of Allotment

Last day of each month for application money cleared and credited in NHAIs collection account

Transferability

The Bonds are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance

Maturity

3 years from Deemed Date of Allotment

Interest payment

Annual

Coupon rate

6.00% payable annually.

Redemption

Bullet, at the time of Maturity after 3 years

Trustee

Syndicate Bank, 6, Bhagwan Dass Road, New Delhi-01

Availability of the prospectus and application form

Across the country with Union Bank of India/IDBI Bank and Selected Branches of other Bank as details in IM,NHAI Offices,Selected SEBI Registered Category-I Merchant Bankers

Bankers

All the Branches of Union Bank of India/IDBI Bank & Selected branches of HDFC Bank, Canara Bank, Punjab National Bank & Syndicate Bank. For details of bank branches please refer Information Memorandum (IM).

Ceiling

Rs.4000 Crore

Date of Allotment

At the last day of every month

Date of Start

01/04/13

Date of Closure

31.03.2014

Applicable Laws

Income Tax Act 1961 and NHAI Act

TDS

As per Prevaling Rules , TDS on the interest payable to Resident Indian will not be deducted

Bottom of Form

REC 54EC Capital Gain Tax Exemption Bonds Series IX

DETAILS

CREDIT RATING

AAA Stable by CRISIL/AAA (ind) by FITCH Ratings

FACE VALUE

Rs.10000/- per bond

ISSUE PRICE

Rs.10000/- per bond

ISSUE DATE

Opening: 1st April, 2013.Closing: 31-03-2014 or till further notification

MIN APPLICATION SIZE

One Bond of Rs.10,000/- each

MAX APPLICATION SIZE

500 bonds of Rs.10,000/- each

MODE OF SUBSCRIPTION

100% on application

CHEQUE/DRAFT TO BE DRAWN IN THE NAME OF

Rural Electrification Corporation Limited-54 EC Bonds

Interest

Annual

Coupon

6.00% Payable annually

DEEMED DATE OF ALLOTMENT

Last day of each month in which the subscription money is received and credited to REC account

TENURE

3 Years

REDEMPTION/ MATURITY

At par, at the end of 3 years from the deemed date of allotment

TRANSFER

Non-transferable

TRUSTEE

IDBI Trusteeship Services Ltd., Mumbai

REGISTRAR

RCMC Share Registry Pvt. Ltd.

TDS

No Tax Deduction at Source

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