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  • 54ec - Notice 01.04.10

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    The Rural Electrification Corporation Limited, a Government of India enterprise, has extended the subscription period for its REC 54 EC Capital Gains Tax Exemption Bonds - Series VIII. The subscription period is now extended until March 31, 2011 or until the Government of India modifies the relevant section of the Income Tax Act of 1961, whichever date is earlier. All other terms and conditions outlined in the Information Memorandum remain the same, except the interest rate has been decreased from 6.25% to 6.00% annually for applications submitted on or after April 1, 2010.

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    54EC_NOTICE 01.04.10

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    The Rural Electrification Corporation Limited, a Government of India enterprise, has extended the subscription period for its REC 54 EC Capital Gains Tax Exemption Bonds - Series VIII. The subscription period is now extended until March 31, 2011 or until the Government of India modifies the relevant section of the Income Tax Act of 1961, whichever date is earlier. All other terms and conditions outlined in the Information Memorandum remain the same, except the interest rate has been decreased from 6.25% to 6.00% annually for applications submitted on or after April 1, 2010.

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    6 views1 page

    54ec - Notice 01.04.10

    Uploaded by

    sudha_pmk
    The Rural Electrification Corporation Limited, a Government of India enterprise, has extended the subscription period for its REC 54 EC Capital Gains Tax Exemption Bonds - Series VIII. The subscription period is now extended until March 31, 2011 or until the Government of India modifies the relevant section of the Income Tax Act of 1961, whichever date is earlier. All other terms and conditions outlined in the Information Memorandum remain the same, except the interest rate has been decreased from 6.25% to 6.00% annually for applications submitted on or after April 1, 2010.

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    Rural Electrification Corporation

    Limited
    (A Govt. of India Enterprise)
    Core- 4, SCOPE Complex, 7, Lodhi
    Road, New Delhi - 110003.

    Tel.: 24365161(Extn-527), 24361320,


    43091527 Fax: 24365998,24360644

    Notice
    REC 54 EC CAPITAL GAINS TAX
    EXEMPTION BONDS – SERIES VIII

    REC extends subscription in the


    above said Bonds series till
    31.03.2011 or till any notification /
    modification is done by the GOI in
    the Income Tax Act, 1961 whichever
    is earlier.
    All other terms & conditions of the
    Information Memorandum (IM)
    remain same except interest rate is
    decreased from 6.25% to 6.00%
    payable annually for applications
    submitted on or after 1st April 2010.
    For further information, investors may
    refer IM and website:
    http://rec.rcmcdelhi.com

    Dated 31.03.2010 Chief Manager (Bonds)

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