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Sovereign Gold Bonds Scheme, 2015

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..... otherwise requires, - (a) Form means a form appended to this Scheme; (b) receiving office means the offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks as specified in Annexure I to this Scheme and designated Post Offices as may be notified; (c) Stock Certificate means the Gold Bond issued in the form of Government of India Stock in accordance with section 3 of the Government of India Securities Act, 2006. 3. Eligibility for Investment. (1) The Gold Bonds under this Scheme may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. Explanation. - For the purposes of this .....

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..... eceipt of an application under sub paragraph 1, the receiving office shall issue an acknowledgment receipt in Form B , if all requirements of the application are fulfilled. (4) An incomplete application is liable to be rejected if all requirements of the application are not fulfilled within period specified in paragraph 6. 6. Date and form of issue of Gold Bonds. (1) The Gold Bonds shall be issued on the 26th day of November, 2015 in the form of a Stock Certificate as specified in Form C . (2) The Gold Bonds shall be eligible to be converted into De-mat form. 7. Period of subscription. the Subscription of the Gold Bond under this Scheme shall open on and from the 5th day of November, 2015 and shall closed on the 20st d .....

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..... ion Limited. (3) The receiving office shall inform the investor of the date of maturity of the Gold Bond one month before its maturity. 12. Eligibility for Statutory Liquidity Ratio. The investment in the Gold Bonds under this Scheme shall be eligible for Statutory Liquidity Ratio. 13. Loan against Bonds. (1) The Gold Bonds under this Scheme may be used as collateral security for any loan. (2) The Loan to Value ratio as applicable to any ordinary gold loan mandated by the Reserve Bank of India shall also apply to the Gold Bond under this Scheme. (3) The lien on the bond shall be marked in the depository by the authorised banks. 14. Tax Treatment. The interest on the Gold Bond shall be taxable as per the provisi .....

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