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TMI BlogSovereign Gold Bond Scheme, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... rwise 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 notification, designated Post Offices, as specified in Annexure II to this Notification, and Stock Holding Corporation of India Ltd(SHCIL). (c) Stock Certificate means the Gold Bond issued in the form of Government of India Stock in accordance with section 3 of the Government Securities Act, 2006. 3. Eligibility for Investment. The Gold Bonds under this Scheme may be held by a Trust, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such indiv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in such documents and particulars as specified in the instructions contained in the Application Form. (3) On receipt 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. 6. Date and form of issue of Gold Bonds. (1) The Gold Bonds shall be issued on the 8th day of February, 2016 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... day to Friday) published by the India Bullion and Jewelers Association 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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