The Central Government hereby specifies tax free Bonds for Series I-A, Series-I-B ,Series II-A, Series-II-B of rupees ten thousand each issued by Sardar Sarovar Narmada Nigam Limited carrying an interest of 9.20%, 9.50%, 9.20% and 9.50% per annum for a period of 5, 7, 5 and 7 year u/s 10(15) - 242/2002 - Income Tax

The Central Government hereby specifies tax free Bonds for Series I-A, Series-I-B ,Series II-A, Series-II-B of rupees ten thousand each issued by Sardar Sarovar Narmada Nigam Limited carrying an interest of 9.20%, 9.50%, 9.20% and 9.50% per annum for a period of 5, 7, 5 and 7 year u/s 10(15) Notification No. 242 of 2002, dt. 9th Sept, 2002 . In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies tax free Bonds Series I-A of rupees one lakh each, tax free Bonds Series-I-B of rupees one lakh each, tax free bonds Series II-A of rupees ten thousand each and tax free Bonds Series-II-B of rupees ten thousand each issued by Sardar Sarovar Narmada Nigam Limited carrying an interest of 9.20%, 9.50%, 9.20% and 9.50% per annum for a period of 5, 7, 5 and 7 years respectively for a total amount of rupees 500 crores with following details: Series Amount Distinctive No 1. I-A rupees seventy five crores 1-7500 2. I-B rupees one hundred twenty five crores 7501-20,000 3. II-A rupees one hundred twenty five crores 20,001-1,45,000 4. II-B rupees one hundred seventy five crores 1,45,001-3,20,000 Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation. Sd/- (I.P.S. Bindra) Under Secy. F. No.l78/26/2002-ITA-I