Central Government specifies "7-year 13 per cent. (taxable) Secured Redeemable Non-Convertible NLC Bonds (D-series)", issued by the Neyveli Lignite Corporation Limited u/s 80L - S.O.773(E) - Income Tax

Central Government specifies "7-year 13 per cent. (taxable) Secured Redeemable Non-Convertible NLC Bonds (D-series)", issued by the Neyveli Lignite Corporation Limited u/s 80L NOTIFICATION NO. S.O.773(E) DATED 29-9-1989 In exercise of the powers conferred by clause ( ii ) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies "7-year 13 per cent. (taxable) Secured Redeemable Non-Convertible NLC Bonds (D-series)", issued by the Neyveli Lignite Corporation Limited, for the purpose of the said clause : Provided that the benefit under the said clause shall be admissible in the case of transfer of such bonds, by endorsement or delivery, only if the transferee informs the said Corporation by registered post within a period of sixty days of such transfer. [No. 8463/F. No. 328/64/89-WT]