Private placement for bond tax law and practice amendments

Posted on 20-05-2016        By ADMIN

Private placement for bond tax law and practice amendments 

cs executive tax law and practice mcq book notes

cs professional advanced tax law and practice old notes

income tax finance act 2015 notes

 - Shall adopt the book building approach as per regulation 11 of the Securities andExchange Board of India (Issue and Listing of Debt Securities) Regulations 2008,wherein bids shall be sought on the coupon rate subject to specified by the entity andthe allotment shall be made at the price bid; 

- the bonds shall be paid for and issued at a premium with a fixed coupon, to facilitatetrading of the instrument under a single International Securities Identification Number(ISIN); 

- the yield shall be computed based on the quoted price;

 - the allotment shall be done for best price (lowest yield) thereof;

 - the ceiling rate of the interest shall either be equal to or lower than that discussedabove;

- while calling for bids, there shall be no limit on the number of arrangers who can bidfor the issue. 

Comment :