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Notification: S.O. 10(E)
Section(s) Referred: 54EA ,54EA(1)
Statute: INCOME TAX
Date of Issue: 5/1/1998
In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and debentures as specified securities for the purpose of the said section, namely:—
(i) shares to be issued within a period of one year from the date of publication of this notification by the Ushdev International Ltd., Mumbai, not exceeding Rs. 2 crores transferable after three years;
(ii) debentures to be issued within a period of one year from the date of publication of this notification by the Ushdev International Ltd., Mumbai, not exceeding Rs. 10.04 crores transferable or convertible after three years;
[Notification No. 10499/F. No. 178/48/97-ITA-I
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