Untitled - National Highways Authority of India

PRIVATE PLACEMENT PROGRAMME
The Private Placement is open on-tap basis and may be closed at any time as may be decided by NHAI at its
absolute discretion, but not later than March 31, 2006.
ALLOTMENT OF BONDS
NHAI will make allotment of bonds once a month, i.e. on the last day of each month to applicants whose
applications have been received and monies realized and credited in NHAI’s New Delhi account till that date.
The last day of each moth shall be taken as the Deemed Date of Allotment for that set of bonds. All benefits
available to the investors shall be from the Deemed Date of Allotment. Actual allotment may occur on a date
other than the Deemed Date of allotment.
NATURE OF THE INSTRUMENT
The Bonds are in the nature of Non-Convertible Redeemable Taxable Debentures with benefits under section
54EC of Income Tax Act 1961.
LISTING
The bonds are issued for a period of 3 years and shall be non-transferable for the said period. The instrument
hence will not be listed.
WHO CAN APPLY
• Resident Individuals / HUF
• Partnership firms
• Companies and Body Corporates
• Banks, Financial Institutions
• Regional Rural Banks
• Co-operative Banks
• Insurance Companies
• Provident Funds, Superannuation Funds and Gratuity Funds
• Mutual Funds
• Foreign Institutional Investors (Subject to existing regulations)
• Trusts which are authorized to invest in the bonds
• NRIs investing out of NRO A/c on non-repatriable basis
• Other eligible categories
DOCUMENTS TO BE PROVIDED BY INVESTORS OTHER THAN INDIVIDUALS
1. Partnership Firms: A certified true copy of: a) Documentary evidence of authorization to invest in the
bonds and to receive the money on redemption, if the same is not provided in the Partnership deed
and b) Specimen signatures of authorized signatories
2. Companies and Bodies Corporate, Financial Institutions, Foreign Institutional Investors: A certified
true copy of a) Resolution authorizing investment and containing operating instructions and b)
Specimen signatures of authorized signatories
3. Banks: a certified true copy of a) Power of Attorney and b) Specimen signatures of authorized
signatories
4. provident Funds, Superannuation Funds and Gratuity Funds: a) Resolution passed by the competent
authority authorizing the investment and b) Specimen signatures of the authorized signatories
5. Mutual Funds: A certified true copy of a) SEBI registration certificate; b) Resolution passed by the
competent authority authorizing the investment and containing operating instructions and c) Specimen
signatures of the authorized signatories