Eligibility for Investment: Sovereign Gold Bond holders include trusts, HUFs, charitable institutions, universities and resident individuals. Eligibility for Investment under the Sovereign Gold Bond Scheme 2020-21 permits trusts, HUFs, charitable institutions, universities and persons resident ... Summary
Eligibility for Investment: Sovereign Gold Bond holders include trusts, HUFs, charitable institutions, universities and resident individuals.
Eligibility for Investment under the Sovereign Gold Bond Scheme 2020-21 permits trusts, HUFs, charitable institutions, universities and persons resident in India to hold Gold Bonds; individuals may hold them personally, for minors, or jointly. The document defines "Trusts" to include statutory, public, private, religious and charitable trusts and registered societies; "Charitable Institution" to include qualifying companies and institutions with charitable registration or income-tax certification; and "University" as statutorily established or recognized institutions. Residency and personhood terms reference definitions in foreign exchange law to determine eligible investors.
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