2990 : Notification: S.O.2990 Date of Issue: 28/8/1988

Notification: S.O.2990 Date of Issue: 28/8/1988

Notification: S.O.2990

Section(s) Referred: 193 ,1931 ,1931(iia)

Statute: INCOME TAX

Date of Issue: 28/8/1988

In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the debentures or bonds, as the case may be, issued by the Industrial Credit and Investment Corporation of India Limited, Bombay, as listed in the Table hereto annexed, for the purpose of the said clause :

Provided that the benefit under the said proviso shall be admissible in the case of transfer of such debentures or bonds, by endorsement or delivery, only if the transferee informs the Industrial Credit and Investment Corporation of India Limited by registered post within a period of sixty days.

TABLE

------ Month of issue Description of debentures or bonds ------ (1) (2) ------ 1. August, 1975 6.25% Debentures (1990) 2. May, 1976 6.25% Debentures (1991) 3. September, 1976 6.25% Debentures (1992) 4. May, 1977 6.25% Debentures (1993) 5. January, 1978 6.50% Debentures (1998) 6. June, 1978 6.50% Debentures (1998

7. January, 1979 6.50% Bonds (1999) 8. August, 1979 6.75% Bonds (1999) 9. January, 1980 6.75% Bonds (2000) 10. June, 1980 7.25% Bonds (2000) 11. January, 1981 7.25% Bonds (2001) 12. March, 1981 7.25% Bonds (2001) 13. June, 1981 7.50% Bonds (2001) 14. November, 1981 7.50% Bonds (2001) 15. March, 1982 7.50% Bonds (2002) 16. June, 1982 7.75% Bonds (2002) 17. February, 1983 7.50% Bonds (1998) 18. July, 1983 8.75% Bonds (2000) 19. January, 1984 8.75% Bonds (2001) 20. July, 1984 9.00% Bonds (1999) 21. January, 1985 9.00% Bonds (2000) 22. June, 1985 9.75% Bonds (1998) 23. November, 1985 9.75% Bonds (1998) 24. June, 1986 11.00% Bonds (2001) 25. September, 1986 11.00% Bonds (2001) 26. February, 1987 11.00% Bonds (2002) 27. June, 1987 11.00% Bonds (2002) 28. October, 1987 11.00% Bonds (2002) 29. June, 1988 11.00% Bonds (2003) ------

[No. 8088/F. No. 275/99/88-IT(B)