Commission for mobilizing subscription must be shared with agents; receiving offices required to remit a substantial portion to procuring agents. The scheme requires a commission for mobilising subscription to Sovereign Gold Bonds to be paid to receiving offices at the rate specified, and mandates that receiving offices share at least 50% of that commission with agents or sub agents who procured the business; all other terms of the prior Government of India notification governing Gold Bonds apply.
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.
Commission for mobilizing subscription must be shared with agents; receiving offices required to remit a substantial portion to procuring agents.
The scheme requires a commission for mobilising subscription to Sovereign Gold Bonds to be paid to receiving offices at the rate specified, and mandates that receiving offices share at least 50% of that commission with agents or sub agents who procured the business; all other terms of the prior Government of India notification governing Gold Bonds apply.
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