25th January 2018 02:08 PM | |
shikha | 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) |
25th January 2018 02:06 PM | |
Unregistered | 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 ? |