Eligibility for Investment: Sovereign Gold Bonds may be held by trusts, HUFs, charitable institutions, universities, residents and individuals. Eligibility for Investment in the Sovereign Gold Bond Scheme 2020-21 permits holdings by trusts, HUFs, charitable institutions, universities and persons resident in India, including individuals (in their own capacity, for minors, or jointly). Definitions specify that 'person' and 'person resident in India' follow foreign exchange statutory meanings; 'Trusts' covers trusts under the Indian Trusts Act and other recognized public or private religious or charitable trusts and societies; 'Charitable Institution' includes companies or institutions with charitable registration or tax-authorised charitable status; 'University' means an entity established or recognized by central or state enactment or equivalent recognition.
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 Bonds may be held by trusts, HUFs, charitable institutions, universities, residents and individuals.
Eligibility for Investment in the Sovereign Gold Bond Scheme 2020-21 permits holdings by trusts, HUFs, charitable institutions, universities and persons resident in India, including individuals (in their own capacity, for minors, or jointly). Definitions specify that "person" and "person resident in India" follow foreign exchange statutory meanings; "Trusts" covers trusts under the Indian Trusts Act and other recognized public or private religious or charitable trusts and societies; "Charitable Institution" includes companies or institutions with charitable registration or tax-authorised charitable status; "University" means an entity established or recognized by central or state enactment or equivalent recognition.
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