Section(s) Referred: 193 ,1931 ,1931(iia)
Statute: INCOME TAX
Date of Issue: 24/3/1988
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 “7-year 13% Secured Redeemable Non-Convertible Bonds (2nd Issue)”, issued by the Mahanagar Telephone Nigam Limited, New Delhi, 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 bonds by endorsement or delivery, only if the transferee informs the Mahanagar Telephone Nigam Limited by registered post within a period of sixty days of the transfer by endorsement and delivery.
No. 7840 dt. 30-3-88/F. No. 328/123/87-W