The Bonds may be held by - An individual,
not being a Non-Resident Indian,in his or her individual capacity, or in individual
capacity on joint basis, or in individual capacity on anyone or survivor basis,
or on behalf of a minor as father/mother/legal guardian.
A Hindu Undivided Family.
Charitable Institution to mean a Company
registered under Section 25 of the Indian Companies Act 1956.
An institution which has obtained a Certificate
of Registration as a charitable institution in accordance with a law in force.
"University" means a university established
or incorporated by a Central, State or Provincial Act, and includes an institution
declared under section 3 of the University Grants Commission Act, 1956 (3 of 1956),
to be a university for the purposes of that Act.