Section 10 in The M.P. Electricity (Supply) Finance Rules, 1967
10. Issue of stock at discount.
(1)Where stock is issued at a price lower than that at which it is to be redeemed; the difference between the price of issue and price of redemption shall for the purposes of these rules be treated as a loan repayable within the period expiring on the earliest date on which the said stock may be redeemed.(2)For the purpose specified in sub-rule (1) the Board shall create a Discount Sinking Fund out of the revenues of the Board for the period of currency of stock or bond issued.
