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Notification: S.O.669
Section(s) Referred: 193 ,1931 ,1931(iia)
Statute: INCOME TAX
Date of Issue: 12/1/1988
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 “1987-88 IPCL–13 per cent. Secured Redeemable Non-Convertible Bonds” issued by the Indian Petrochemicals Corporation Limited, Vadodara, Gujarat, for the purposes of the said clause :
Provided that the benefit under the said proviso shall be admissible in the case of transfer of such bonds by endorsement or delivery, only if the transferee informs the Indian Petrochemical Corporation Limited by registered post within a period of sixty days of such transfer.
[No. 7738/F. No. 275/137/87-IT (B)
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