Repayment of GOI Floating Rate Bond, 2012 on November 10, 2012

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..... Repayment of GOI Floating Rate Bond, 2012 on November 10, 2012 - News and Press Release Dated:- 10-10-2012 - News - Press Information Bureau Government of India Ministry of Finance 09-October, 2012 19:10 IST The outstanding balance of Government of India Floating Rate Bond, 2012 is repayable at par on November 10, 2012 and no interest will accrue there on from the said date. In .....

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..... the event of a holiday being declared on November 10, 2012 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-regulations 24 (2) and 24(3) of Government Securities Regulations, 2007 payment of maturity proceeds to the registered holder of Government Securities held in the form o .....

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..... f 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 of making payment in respect of the securities, the original subscriber or the sub .....

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..... sequent holders of such 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 the securities, duly discharged, at the Public Debt Offices, Treasuries / Sub-Tr .....

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..... easuries and branches of State Bank of India 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/ka - News - Press release - PIB .....

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..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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