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ISSUE HIGHLIGHTs:
1.
Individual and HUF applicants applying for any
amount up to Rs 1 Lac will be classified under
Retail Category
2. Individual
and HUF Applicants applying above 1 Lac will
be classified under HNI Category.
3. NRI
applicants are NOT allowed.
4. With
respect to provisions of Sub Section 3 of
Section 372A of The Companies Act, 1956, it
may be noted that the Reserve Bank of India
has vide its notification no.
Ref.No.MPD.BC.352/05.03.004/2011-12
dated February 13, 2012, increased the bank
rate to 9.50 per cent per annum with effect
from the close of business on February 13,
2012. Although the coupon rate offered on the
Bonds may be lower than the prevailing bank
rate, it may be noted that since these are tax
free bonds, the gross/ pre-tax yield to the
investors may be higher, depending upon the
applicable tax rates. Companies other than
banking companies, insurance companies and
other Companies as mentioned in Sub Section 8
of Section 372A may however seek independent
opinion from their legal counsel about their
eligibility to make an application for the
Bonds.
.
 Got questions,
email us:
info@nriinvestindia.com
Source: Shelf Prospectus.
Disclaimer: "Invest only after referring to
final prospectus".
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