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TMI BlogCentral Government notifies the issue of the National Rural Development Bonds (Second Issue) with effect from the 7th July, 1983X X X X Extracts X X X X X X X X Extracts X X X X ..... sue), 1983, issued at Rs. 100.00 per cent. and redeemable at par on maturity :-- (1) Price.--The issue price of the National Rural Development Bonds (Second Issue), 1983, shall be Rs. 100.00 for every Rs. 100 (nominal) ; (2) Date of issue.--The Bonds shall be on tap with effect from the 7th July, 1980, and shall, subject to paragraph 12, be issued from the date of receipt of payment in cash or the date of realisation of cheque or draft, as the case may be ; (3) Date of repayment.--The Bonds shall be repaid at par on the expiration of three years from the date of their issue. 4. Interest.--The Bonds shall bear, interest at the rate of seven and half per cent. per annum. Interest shall be paid annually on the completion of each period of twelve calendar months from the date of issue of the Bonds. 5. Place of Payment of interest.--Interest on the Bonds shall be remitted to the holder of the Bond by the Public Debt Offices of the Reserve Bank of India at Ahmedabad, Bangalore, Bombay (Byculla), Bhubaneswar, Calcutta, Gauhati, Hyderabad, Jaipur, Kanpur, Madras, Nagpur, New Delhi, Patna and Trivandrum. 6. Refunds of income-tax deducted at source-(1) Refunds of income-tax deducted at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by giving notice in writing to the Public Debt Office of the Reserve Bank of India in Form B annexed to the notification. (5) Every nomination and every cancellation or variation shall be registered at the Public Debt Office of the Reserve Bank of India and shall be effective from the date of such registration. (6) If the nominee is a minor, the holder of the Bond may appoint any person to receive the amount due in the event of his death during the minority of the nominee. 12. Applications for Bonds.--(1) Applications for the Bonds shall be in multiples of Rs. 100. (2) Applications shall be received at-- (a) the offices of the Reserve Bank of India at Ahmedabad, Bangalore, Bombay (Fort and Byculla), Bhubaneswar, Calcutta, Gauhati, Hyderabad, Jaipur, Kanpur, Madras, Nagpur, New Delhi, Patna and Trivandrum ; (b) the branches of the State Bank of India set out in Annexure 1 to this notification ; and (c) the branches of Nationalised Bank set out in Annexure 2 to this notification. (3) Where the applicant is an individual, lie may apply for issue of Bond in his name or jointly with another individual. (4) Application shall be submitted in duplicate in the Form C annexed to thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... : Gangtok. Tamil Nadu : Madras Main Branch, Kancheepuram, Coimbatore, Tirupur, Valparai, Madurai, Dindigul, Tiruchirapalli, Salem, Tirunelveli, Tuticorin, Erode, Vellore, Thanjavur, Kumbakonam, Nagercoil, Cuddalore, Rajapalayam. Tripura : Agartala. Uttar Pradesh : Kanpur Main Branch, Lucknow, Varanasi, Agra, Firozabad, Allahabad, Meerut, Bareilly, Moradabad, Amroha, Sambhal, Aligarh, Gorakhpur, Saharanpur, Hardwar, Dehra Dun, Ghaziabad, Hapur, Jhansi, Shahjahanpur (Town Hall), Rampur, Muzaffarnagar, Mathura, Farrukhabad, Faizabad, Mirzapur, Etawah, Jaunpur, Bulandshahr, Bharaich. West Bengal Calcutta Main Branch, Howrah, Bally, Kamarhati, Dum Dum Cantonment, Garden Reach, Batanagar, Barrackpore, Chinsurah, Serampore, Asansol, Burdwan, Durgapur, Kharagpur, Silliguri, Nabadwip, Balurghat. Andaman & Nicobar islands : Port Blair. Chandigarh : Chandigarh. Delhi : Main Branch, New Delhi. Goa, Daman and Diu : Panaji. Pondicherry : Pondicherry. ANNEXURE-2 [See Para 12(2)(c)] Branches of Nationalised Banks Name of the Bank Name of City Name of Branch 1 2 3 1. Central Bank of India Bombay 1. Main Office (Flora Fountain). 2. Grant Road, Bombay. 3. Worli, Bombay. 4. Band ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Full name(s) in block letters) cash/cheque/draft for Rs. (Rupees for investment in National Rural Development Bonds (Second Issue). 2. I/We hereby declare that the amount tendered represents the whole or part of the net consideration received, on the transfer of the long-term capital asset datailed below : ------- Location type Transferee's Date of Sale proceeds Net Consideration and other name, transfer realised, or i.e., the sale details of address and or date additional proceeds realised the capital permanent of receipt compensation as reduced by any asset Account No., additional or additional expenditure transferred if any compen- consideration incurred wholly sation received and exclusively in connection with the transfer. ------- (1) (2) (3) (4) (5) ------- 1. 2. 3. 4. ------- 3. The Bonds and annual interest thereon payable at --------- may please be sent to me/us at the (office of Reserve Bank of India/State Bank of India)* address mentioned below. 4. @ I wish to make a nomination in respect of the Bond applied for. The prescribed nomination form is enclosed. I do not wish to make a nomination in respect of the Bond applied for at present. - (Signature of the Firs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancelled by giving notice in writing to the Public Debt Office in Form ' B '. Every nomination and every cancellation or variation thereof shall be registered at the Public Debt Office and shall be effective from the date of such registration. (4) The Bond in the Form prescribed in the Notification of the Government of India in the Ministry of Finance (Department of Economic Affairs) No. G. S. R. 503(E), dated 21st June, 1983, in respect of National Rural Development Bonds (Second Issue) will be issued in the name of the individual, Hindu Undivided Family as described by its name (HUF), company, firm, association or other person, as the case may be. (5) where the applicant's signature is by thumb mark, it should be witnessed by two respectable persons. (6) If the application is made in the name of the registered body, the under-noted documents, if not already registered at the Public Debt Office, should be enclosed with the investment application-- (a) Certificate of Registration/Incorporation ; (b) Memorandum and Articles of Association or certified copies of the Rules and Regulations/Bye-laws of the company/body ; (c) Certified copy of resolution in favour of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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