From 1st April, 2013, REC again coming with a new Series i.e. REC Capital Gain Tax Exemption Bonds  Series IX for Financial Year 2013-14. The broad Terms of the Issue would be same. 

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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]

Issue Highlight

IssuerRural Electrification Corporation Ltd - (REC) series - IX
Issue Size1,000 Cr plus green shoe option to retain the
Face ValueRs. 10,000
Issue DateOpening : 1 April 2013 Closing : 31 Mar. 2014 or at a date as may be decide by REC
Mode of Subscription100% on application
Deemed Date of AllotmentLast day of each month in which the subscription money is received and credited to REC account
Interest PaymentAnnual , 30th June of each year
TransferabilityNon Transfer, Non negotiable and cannot be offer as a security for any loan or advance

Term Sheet

REC - Series IX
Face Value10000
Min Application Sizeone bond
Max Application SizeFive Hundred Bond
Maturity3 year
Coupon Rate6%
Interest PaymentAnnual (payble 30th June)
Date of AllotmentAt the last day of each month
Credit RatingCRISIL- AAA FITCH- AAA

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[wptabtitle] Company Profile[/wptabtitle] [wptabcontent]

Rural Electrification Corporation Ltd  REC  :

Rural Electrification Corporation (REC), was incorporated on July 25, 1969 under the Companies Act 1956. REC is a wholly owned Government of India, Public Sector Enterprise with a net worth of over Rs. 11104.25 Crore as on 31-03-2010. Its main objective is to finance and promote rural electrification projects all over the country besides providing assistance for generation projects, transmission and distribution projects. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.

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[wptabtitle] Documentation[/wptabtitle] [wptabcontent]

Supporting Document Required for :

For Resident Indian National

1. Pan Card Copy  (self-attested)

2. Address Proof (any one of following)

  • Ration Card , Passport , Driving Lic., Latest copy of Electric Bill, Latest copy of Telephone Bill (landline), Voter ID, State Govt. or local bodies showing residential address

 Form Filling Instruction 

  1. Application Form must be completed  in BLOCK LETTER IN ENGLISH. Blank space must be left between two or more part of name.
  2. Minimum investment 1 Bond & maximum 500 Bond amounting to Rs. 10,000  & Rs. 50 lakh in a financial year respectively.
  3. Investor keeps   photo copy of Application Form
  4. mention mobile no and email ID for further communication
  5. Account payee cheque in favour of  “Rural Electrification Corporation Ltd – 54 EC Bonds”

 Very IMP :- In this form, please use cheque no as application no. for proper identification by the Registrar. 

For any help / clarification / information, please write to us on rajendra@puneinvest.com 
Or Call  Rajendra -800 775 09 04

 [/wptabcontent][wptabtitle] Allotment[/wptabtitle] [wptabcontent]

New Registrar for the 54EC Bonds Series IX, whose details are as under:

Link Intime India Pvt Ltd
44, 2nd Floor,
Naraina Community Centre Phase I,
Near PVR Cinema, Naraina,
New Delhi 110028,
Telephone Number: 011-41410592/93/94
Fax: 011-41410591
For any help / clarification / Forms / information, please write to us on : rajendra@puneinvest.com
Or Call  Rajendra –7385 609 094

 [/wptabcontent][wptabtitle] Download[/wptabtitle] [wptabcontent]

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    Tentative Brokerage : A minimum Brokerage of0.05% to 0.07% per application offer upfront for this capital gain bond.
     
     
    For any help / clarification / information, Investment please write to us on rajendra@puneinvest.com
  •  
    Or Call  Rajendra 0-800 775 09 04  /   738 560  9094

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