Eligibility for Investment: resident individuals may hold Sovereign Gold Bonds in their own name, jointly, or for a minor. Eligibility for Investment restricts Gold Bonds to persons resident in India who are individuals; such individuals may hold Bonds in their personal capacity, jointly with another individual, or on behalf of a minor. The Scheme adopts the FEMA definitions of 'person' and 'person resident in India' from clauses (u) and (v) of section 2 to determine residency status for eligibility.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Eligibility for Investment: resident individuals may hold Sovereign Gold Bonds in their own name, jointly, or for a minor.
Eligibility for Investment restricts Gold Bonds to persons resident in India who are individuals; such individuals may hold Bonds in their personal capacity, jointly with another individual, or on behalf of a minor. The Scheme adopts the FEMA definitions of "person" and "person resident in India" from clauses (u) and (v) of section 2 to determine residency status for eligibility.
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