| Information For Investors |
|
NHPC has been accessing Domestic Bond Market through various Public and Private Placements since its first issue in 1986.The Corporation has a robust track record in interest/ Redemption payments on time and to the satisfaction of Bondholders. The Series of Bonds alive as on date are:
7.70% non-cumulative, non-convertible, redeemable, taxable « O » Series Bonds.
General Information to the Bondholders
Exemption from tax at source
Under the provision of Income Tax Act-1961, tax is required to be deducted at source at the prevailing rate on taxable bonds as per the following rules
If interest credited / paid or likely to be credited/ paid during a financial year exceeds Rs 2500/-
However, no deduction of tax at source will be made if relevant exemption forms, as required under the Income Tax Act-1961, are received by the Corporation on or before the record date of relevant interest payment. |
|
| Information on Investors’ Education & Protection Fund |
A new Section 205 (C) has been introduced in the Companies Act, 1956 w.e.f. 31.10.1998 by Companies Amendment Act, 1999. Further Investors Education and Protection Fund (Awareness and Protection of Investors) Rules, 2001 has been notified (Vide GSR 750) and come into effect from 01-10-2001. This statutory provisions call for transfer of following amount to the credit of Investors’ Education and Protection Fund, if the same are lying unclaimed and unpaid for a period of seven years from the dates they first became due for payment:
a) Amounts in the unpaid dividend accounts of companies.
b) The application moneys received by companies for allotment of securities and due for refund.
c) Matured deposits with companies.
d) Matured debentures with companies.
e) The interest accrued on the amounts referred to in clause a) to d) above.
It has also been provided that no claims shall lie against the Fund or the Company in respect of such amounts and no payment shall be made in respect of any such claim. |
|
| Address for Communication |
For any suggestions or matters related to interest / redemption payment on any series of bonds please contact the undersigned:
|
|
| Chief (Finance) |
Treasury Department
National Hydroelectric Power Corporation Limited
4th Floor, NHPC Office Complex
Sector – 33, Faridabad
Haryana – 121003
Phone # : 0129-2278410, Tele-fax # : 0129-2270902
e-mail: jayantkumar@nhpc.nic.in , sudhirmishra@nhpc.nic.in
|
|
| Registrar & Transfer Agent – for demat electronic connectivity only |
RCMC SHARE REGISTRY (P) LTD
B - 106, Sector - 2
Noida (UP) - 201 301
Phone # +91 120 4015880 Fax- +91 120 2444346
e-mail : info@rcmcdelhi.com |