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Repayment of 12.40% Government Stock 2013 due on August 20, 2013

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..... Repayment of 12.40% Government Stock 2013 due on August 20, 2013 - News and Press Release Dated:- 24-7-2013 - News - Repayment of 12.40% Government Stock 2013 due on August 20, 2013; Loan to be repaid by the Paying Offices in a State on August 20, 2013 and in the event of a Holiday on that day then on the Previous Working Day The outstanding balance of 12.40% Government Stock, 2013 is due fo .....

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..... r repayment on August 20, 2013. No interest will accrue there on from the said dates. In the event of a holiday being declared on August 20, 2013 by any State Government under the Negotiable Instruments Act, 1881, the loan will be repaid by the paying offices in that State on the previous working day. As per sub-regulation 24(2) and 24(3) of Government Securities Regulations, 2007, payment of ma .....

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..... turity proceeds to the registered holder of Government Security held in the form of Subsidiary General Ledger or Constituent Subsidiary General Ledger account or Stock Certificate shall be made by a pay order incorporating the relevant particulars of his bank account or by credit to the account of the holder in any bank having facility of receipt of funds through electronic means. For the purpose .....

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..... of making payment in respect of the securities, the original subscriber or the subsequent holders of such a Government Securities, shall submit the relevant particulars of their bank account well in advance. However, in the absence of relevant particulars of bank account/mandate for receipt of funds through electronic means, to facilitate repayment of the Loan on the due date, holders may tender .....

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..... the securities, duly discharged, at the Public Debt Offices, Treasuries/Sub-Treasuries and branches of State Bank of India (SBI) and its Associate Banks (at which they are enfaced/registered for payment of interest) 20 days in advance of the due date for repayment. Full details of the procedure for receiving the discharge value may be obtained from any of the aforesaid paying offices. DSM/RS .....

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..... /ka (Release ID :97392) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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