Who can subscribe the bonds company secretary cs tax law amendments FA 2015
tax law and practice amendments applicable for June 2016 cs company secretary exam
The following shall be eligible to subscribe to the bonds:
-Retail Individual Investors (RIIs);
- Qualified Institutional Buyers (QIBs);
-Corporates (including statutory corporations), trusts, partnership firms, LimitedLiability Partnerships, co-operative banks, regional rural banks and other legalentities, subject to compliance with their respective Acts;
- High Networth Individuals (HNIs).
Note: It shall be mandatory for the subscribers to furnish their Permanent Account Number tothe issuer of the bonds.What shall be the tenure of the bonds?The tenure of the bonds shall be for ten or fifteen or twenty years.