The Sardar Sarovar Narmada Nigam Limited (Conferment of Power to Redeem Bonds) Act, 2008

12-2 [PART IV ~ d ~)c 2~ep~ erg,' l99a3n~ s~uby the tearof N a Ni&am ed being a Government Company within the meaning of section 617 of the Companies Act,1956 (hemifmffer referred to as "the Of 195 6." Company") in respect of the Bends, or in the Trust Deed dated the 31 st December, 1994 between the Company and the trustees, or in any other document relating to Deep Discount Bonds or in coudifion No,7 appearing under the heading "financial covenantsaffd conditions" specified on the edfe eem e amends, in the public interest, the said financial covenants and conditions as foHows, namely:- "3A.Ca) N contained in condition No. 3 relating to redemption end in the terms of withdrawal of Bonds appearing undet'eomhfmn No,9, each Bond having the face value of ssued atfts,3,6OO shaHbe redeemed earlier on such date and with such deemed face value as the Company may deterffnfteb y payment of the amount so determined : Provided that the deemed face value shall be so determined as not to beless than such amount as ma3bearrived at by raising the deemed face value of Rs 25,000 as onllm 2005 atfhe rate of 18,92 per cent for the period begmniffg from the said date of Ilm January 005 till the dam of redem on o determined. (2) The new condifion3A inserted in the said financial covenants and conditions by sub-seetfon(I) shaHbe deemed tohffve been incorporated in and to have formedparf of each of such Bonds with effect on and from the Bond'~ ~i~n~s~