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54 EC Capital Gains Tax Exemption Bonds
Nomenclature REC Capital Gain Tax Exemption Bonds Series VIII
NHAI Bonds Series - XIII
Credit Rating ‘AAA Stable’ by CRISIL, ‘CAREAAA’ by CARE, ‘LAAA’ by ICRA, ‘AAA (ind)’ by FITCH
‘AAA Stable’ by CRISIL, ‘AAA (ind)(Affirmed)’ by FITCH
Face Value Rs.10000/- per Bond Rs.10000/- per Bond
Minimum Application One Bond of Rs.10,000/- One Bond of Rs.10,000/-
Maximum Application Five Hundred Bonds of Rs.10,000/- each (Rs.50,00,000)
Five Hundred Bonds of Rs.10,000/- each (Rs.50,00,000)
Mode of subscription 100% on application 100% on application
Maturity 3 years from Deemed Date of Allotment
3 years from Deemed Date of Allotment
Interest Payment Annual Annual
Coupon Rate 6.00% payable annually 6.00% payable annually
Deem date of allotment Last day of each month in which the subscription money is realized and credit to REC account.
Last day of each month for application money cleared and credited to NHAI’s collection account.
Date of closure 31st March 2013 31st March 2013
Registrar M/s RCMC Share Registry (P) Ltd Tel: 0120-4015880-81 Email: [email protected]
M/s Beetal Financial & Computer Services (P) Ltd. Tel: 011-29961281-83 Email: [email protected]
TDS REC has been exempted from deduction of tax at source on interest payable.
As per prevaling rules, TDS on the interest payable to ‘Resident’ Indian will not be deducted.