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Rule 2F - Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. - Income-tax Rules, 1962

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..... that are (i) Public Private Partnership Projects and are a party to triplicate agreement with the concessionaire and the project authority for ensuring compulsory buy out and termination payment; (ii) Non-Public Private Partnership Projects and Public Private Partnership Projects and Public Partnership Projects without a project authority, in sectors where there is no project authority] (3) The Infrastructure Debt Fund shall issue rupee denominated bonds or foreign currency bonds in accordance with the directions of Reserve Bank of India (RBI) and the relevant regulations under the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000, as amended from time to time. (4) The terms an .....

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Rule 2F - Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. - Income-tax Rules, 1962

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..... quot;concessionaire", "tripartite agreement" and "project authority" respectively shall have the same meaning as assigned to them in the Infrastructure Debt Fund-Non-Banking Financial Company (Reserve Bank) Directions, 2011; (iv) "corpus" means the total funds of the Infrastructure Debt Fund raised for the purpose of investment; (v) "group" means a group as defined in clause (mm) of section 2 of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. (vi) a person shall be deemed to have substantial interest in - (a) a company if he is the beneficial owner (including beneficial ownership held by one or more of his relatives, in case the person is an individual) of shares (not bei .....

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Rule 2F - Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. - Income-tax Rules, 1962

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..... nking Financial Companies (Reserve Bank) Directions, 2011, vide notification No. DNBS.233/CGM (US)-2011, dated 21st November, 2011. (2) The funds of Infrastructure Debt Fund shall be invested only in the Public Private Partnership Infrastructure Projects and Post - Commencement Operation Date Infrastructure Projects which have completed at least one year of satisfactory commercial operation and such Infrastructure Debt Fund is a party to tripartite agreement with the concessionaire and the project authority for ensuring compulsory buy out and termination payment." 3. Omitted vide NOTIFICATION NO. 66/2019 dated 16-09-2019 before it was read as "Provided that the investment made by a non-resident investor in such bonds shall be subj .....

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Rule 2F - Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. - Income-tax Rules, 1962

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