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.
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: 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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