Go Back   2020 2021 MBA > MBA > Main Forum




  #1  
Old 25th January 2018, 02:06 PM
Unregistered
Guest
 
Default National Highways Authority Of India Or Rural Electrification Corporation Limited Bon

Hi buddy I heard Rural Electrification Corporation Limited (REC) & National Highways Authority of India (NHAI) are permitted to issue capital gains bonds under Section 54 EC, is this statement true , if yes then plz let me know about the same ?
Reply With Quote Quick reply to this message
  #2  
Old 25th January 2018, 02:08 PM
Super Moderator
 
Join Date: Mar 2013
Default Re: National Highways Authority Of India Or Rural Electrification Corporation Limited

Rural Electrification Corporation Limited (REC) is a public Infrastructure Finance Company in India s power sector.

Yes Rural Electrification Corporation Limited (REC) & National Highways Authority of India (NHAI) are permitted to issue capital gains bonds under Section 54 EC:

Features of Section 54 EC bonds are:

AAA rated

Interest is taxable although no TDS is deducted

Lock-in of 3 years and non- transferable

Minimum investment-1 Bond amounting to 10,000/- and maximum investment-500 Bonds amounting to 50 lakhs in a financial year

Rate of Interest 5.25% p.a. payable annually

Bonds can be held in Demat /Physical Form

Facility of Payment of Interest and Redemption through NECS

The Bonds will automatically redeem after expiry of three years

REC profile:

Type State-owned enterprise

Traded as BSE: 532955

NSE: RECLTD

Founded New Delhi, Delhi, India (25 July 1969; 48 years ago)

Headquarters Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi, Delhi, India

Area served India

Key people P.V. Ramesh Babu (Chairman & MD)


Revenue 105.09 billion (USS1.6 billion) (2011–12)

Operating income 75.91 billion (USS1.2 billion) (2011–12)

Profit 28.17 billion (USS440 million) (2011–12)

Total assets 1,087.29 billion (USS17 billion) (2011–12)

Total equity 147.45 billion (USS2.3 billion) (2011–12)

Owner Government of India

Number of employees 600 (2011 12)

Subsidiaries REC Transmission Projects Company Limited (RECTPCL)

REC Power Distribution Company Limited (RECPDCL)
Reply With Quote Quick reply to this message
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Steel Authority Of India Limited Kolkata Requires Junior Assistants Unregistered Main Forum 1 3rd February 2018 04:21 PM
Vacancies In Rural Electrification Corporation Limited Unregistered Main Forum 1 29th January 2018 01:15 PM
National Hydroelectric Power Corporation Limited - Engineers Unregistered Main Forum 1 29th January 2018 12:00 PM
Recruitment In Steel Authority Of India Limited For Various Posts Unregistered Main Forum 1 28th October 2016 05:09 PM
Steel Authority Of India Limited Management Trainee Exam Date Unregistered Main Forum 1 27th October 2016 09:12 AM
Strengths Of Steel Authority Of India Limited Unregistered Main Forum 1 21st October 2016 06:37 PM
National Steel Authority Of India Unregistered Main Forum 1 20th October 2016 04:26 PM
Steel Authority of India Limited IISCO Steel Plant Admit Card Unregistered Main Forum 1 19th October 2016 03:21 PM
National Institute of Rural Development India Unregistered Main Forum 0 18th July 2015 04:18 PM
Gas Authority of India Limited Bangalore Unregistered Main Forum 0 18th July 2015 10:54 AM
Gas Authority of India Limited Noida Unregistered Main Forum 0 16th July 2015 04:20 PM
Airports Authority of India Limited Unregistered Main Forum 0 15th July 2015 02:37 PM
Airport Authority of India Limited Result Unregistered Main Forum 0 15th July 2015 10:43 AM
National Seeds Corporation Limited Jobs Unregistered Main Forum 0 13th July 2015 09:03 AM
GAIL India limited Or Gas authority of India ltd Unregistered Main Forum 0 11th July 2015 09:02 AM
Gas Authority of India Limited Wiki Unregistered Main Forum 0 9th July 2015 10:36 AM
National Thermal Power Corporation Limited previous year question papers Unregistered Main Forum 1 20th October 2014 11:48 AM
Cement Corporation of India Limited CCI fresnsco Main Forum 1 5th February 2013 05:55 PM
Gas authority of India limited new Delhi hello sir, I want to know about the products RAHUL PANDE.y Main Forum 1 30th September 2012 03:05 PM
Gas Authority of India Limited Wiki lucky uttam Main Forum 1 28th June 2012 05:51 PM


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5.5. The time now is 12:59 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2