SOVEREIGN GOLD BONDS, 2015-16

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..... November 20, 2015. The Government of India may, with prior notice, close the Scheme before the specified period. The terms and conditions of the issuance of the Bonds shall be as follows: 1. Eligibility for Investment: The 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 a .....

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..... multiples thereof. Minimum investment in the Bonds shall be 2 grams with a maximum subscription of 500 grams per person per fiscal year (April March). In case of joint holding, the limit applies to the first applicant. 5. Issue Price Price of the Bonds shall be fixed in Indian Rupees on the basis of the previous week's (Monday Friday) simple average closing price for gold of 999 pur .....

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..... le at the place where the applications are tendered. 9. Redemption (i) The Bonds shall be repayable on the expiration of eight years from the date of issue. Pre-mature redemption of the Bond is allowed from fifth year of the date of issue on the interest payment dates. (ii) The redemption price shall be fixed in Indian Rupees on the basis of the previous week's (Monday Friday) .....

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..... cription for the Bonds may be made in the prescribed application form (Form 'A') or in any other form as near as thereto stating clearly the grams of gold and the full name and address of the applicant. The receiving office shall issue an acknowledgment receipt in Form 'B' to the applicant. 15. Nomination Nomination and its cancellation shall be made in Form 'D' and F .....

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..... shall be paid at the rate of rupee one per hundred of the total subscription received by the receiving offices on the applications received and receiving offices shall share at least 50% of the commission so received with the agents or sub-agents for the business procured through them. 19. All other terms and conditions specified in the notification of Government of India in the Ministry of Fin .....

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