Para 3 - Eligibility for Investment - Sovereign Gold Bonds Scheme, 2015

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 paragraph, - (i) the expression person shall have the same meaning as defined in clause (u) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999); (ii) the expression person resident in India shall have the same meaning as defined in clause (v) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999) .