Capital Gains Bonds
NATIONAL HIGHWAY AUTHORITY OF INDIA ( NHAI )
Capital Gain Schemes u/s 54 EC of IT Act
| Credit Rating | "AAA" by CRISIL & FITCH Ratings |
|---|---|
| Date Value | Rs. 10,000/- |
| Issue Price | Rs.10000 & multiples of thereof |
| Minimum Application | One Bond Rs.10,000/- each. i.e. Rs.10,000/- |
| Maximum Application | Five Hundred Bonds Rs.10,000/- each. i.e. Rs.50,00,000 |
| Mode application | 100% on application |
| 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 payable | Annual(30th June) |
| Coupon | 6.00% p.a |
| Redemption | Bullet, at the end of 3 years. |
| Note | KYC Compulsary. |
RURAL ELECTRIFICATION CORPORATION LTD.
54EC Capital Gain Tax Exemption Bonds - VI
Notes:
| CREDIT RATING | 'AAA Stable' by CRISIL/ "CARE AAA" by CARE 'AAA (ind)' by Fitch Ratings |
|---|---|
| FACE VALUE | Rs. 10,000/- per bond |
| ISSUE PRICE | Rs. 10,000/- per bond |
| MINIMUM APPLICATION SIZE | One bond of Rs. 10,000/- each and in multiple of one Bond thereafter |
| MAXIMUM APPLICATION | Five Hundred Bonds Rs.10,000/- each. i.e. Rs.50,00,000 |
| MODE OF SUBSCRIPTION | 100% on application |
| CHEQUE/DRAFT TO BE DRAWN IN THE NAME OF | "RURAL ELECTRIFICATION CORPORATION LIMITED-54EC BONDS" |
| TRANSFERABILITY | The bonds are non-transferable , non-negotiable and cannot be offered as a security for any loan or advance |
| MATURITY | 3 years from allotment |
| INTEREST PAYABLE | Annual (30th june) |
| COUPON | 6.00% P.A |
| REDEMPTION | Bullet, at the end of 3 years |
| NOTE | KYC Compulsary. |
The investor is advised to consult REC/Mobilisers to the Private Placement before banking the application with collecting branches with regard to the then prevailing terms of the Private Placement including coupon rate.
The present placement of bonds is subject to ceiling as per the scheme approved by ministry of finance, deptt. of revenue, C.B.D.T., Government of India, accordingly nhai/rec has the discretion not to accept any applications, which would result in a borrowing in excess of the aforesaid amount prescribed by the MOF.
