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C. G. specifies, the debentures issued before the date of publication of this notification and the debentures to be issued after such date, by the Thanthai Periyar Transport Corporation Limited, Villupuram, as a part of the Workers' Participation Scheme of the Govt of Tamil Nadu

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..... res issued before the date of publication of this notification and the debentures to be issued after such date, by the Thanthai Periyar Transport Corporation Limited, Villupuram, as a part of the Workers' Participation Scheme of the Govt of Tamil Nadu NOTIFICATION NO. S.O.520 DATED 19-2-1980 In exercise of the powers conferred by clause ( iib ) of the proviso to section 193 of the .....

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..... b ) ; ( d ) such debentures carry interest at a rate not exceeding twelve per cent. per annum ; and ( e ) the aggregate amount of such interest income, credited or paid, or likely to be credited or paid, during a financial year in respect of each employee or former employee, does not exceed five hundred rupees. Nothing contained in this notification shall apply to a case where the income .....

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