Application for notification of a zero coupon bond under clause (48) of section 2 of the Application for notification of a zero coupon bond under clause (48) of section 2 of the Income-tax Act, 1961
Printed From Taxmann's Income Tax Rules on CD Page 1 of 4 FORM NO. 5B [See rule 8B] Application for notification of a zero coupon bond under clause (48) of section 2 of the Income-tax Act, 1961 1. Name of the applicant 2. Category (Please tick one): Infrastructure capital company/Infrastructure capital fund/Public sector company 3. Address of the applicant 4. Permanent Account Number of the applicant 5. Assessing Officer under whose jurisdiction the applicant is assessed/assessable to income-tax 6. Date of incorporation/registration (Please enclose copy of certificate of incorporation/registration) 7. Objects of the applicant (Please enclose copy of Memorandum/Trust deed, etc.) (a) main objects (b) ancillary objects 8. The total number of bonds proposed to be issued 9. Amount for which the bond is proposed to be issued 10. Amount payable on maturity/redemption of the bond 11. Discount [(10) - (9)] 12. Period of life of the bond Printed From Taxmann's Income Tax Rules on CD Page 2 of 4 13. The period during which the bonds are to be issued. 14. The objects of issue of the bonds 15. In case of infrastructure capital company or infrastructure capital fund (a) the name of enterprise or enterprises or undertaking or undertakings in which investment is proposed to be made; (b) nature of business carried on by the enterprise or enterprises or undertaking or undertakings referred to in (a); (c) whether the enterprise or enterprises or undertaking or undertakings referred to in (a) is, for the time being, approved under clause (23G) of section 10, if yes, please attach copy of the approval; (d) whether approval referred to in (c) is for any particular amount of investment/cost of project, if yes, furnish the details thereof. 16. In case of public sector company (a) the nature of business; (b) in case investment is proposed to be made in the business of the company, please furnish details thereof; (c) in case investment is proposed to be made with another public sector company or public sector companies or enterprise or enterprises or undertaking or undertakings, please furnish the details thereof; (d) nature of business carried on by the public sector company or public sector companies or the enterprise or enterprises or undertaking or undertakings referred to in (c); (e) whether the enterprise or enterprises or undertaking or undertakings referred to in (c) Printed From Taxmann's Income Tax Rules on CD Page 3 of 4 is, for the time being, approved under clause (23G) of section 10, if yes, please attach copy of the approval; (f) whether approval referred to in (e) is for any particular amount of investment/cost of project, if yes, furnish the details thereof. 17. Location of project/projects in which investment is proposed to be made. 18. Approximate year-wise investment required to be made. 19. Sources of investment (other than the bonds), if any. 20. Schedule of development of project/projects : (a) planned date of commencement (b) planned date of commencement of operations of the project. 21. Details of management responsible for execution of project: (a) name of directors, trustees, etc., with their experience, qualifications and performance. (b) name of other key personnel with their qualification and experience. (c) organisational structure. (d) particulars of Asset Management Company in case of a fund. Printed From Taxmann's Income Tax Rules on CD Page 4 of 4 22. Copy of the project report, if any (Write "not applicable" against the column or columns which are not relevant to the applicant.) I certify that the information furnished above is true to the best of my knowledge and belief. I undertake on behalf of (write the name of the applicant) that the money realised on issue of such bond shall be invested in accordance with clause (iv) or clause (v) of sub-rule (3) of rule 8B of the Income-tax Rules, 1962. Signature of the authorised signatory Note : The application form (in duplicate) should be sent to the Board by the applicant alongwith the documents as required in the application form.
