Sovereign Gold Bond subscriptions limited by investor category; interest paid semi annually; eight year maturity, tradable on exchanges. Resident Indian entities may subscribe to Sovereign Gold Bond 2020-21 with a minimum of one gram and maximum aggregate limits of 4 kg per individual/HUF and 20 kg for trusts per financial year; applications must include identification and bank account details, bonds issued either in physical certificate or demat form, pay interest half yearly credited to the specified account, have an eight year term with early redemption after the fifth year, are tradable on exchanges and may be pledged to banks, and nomination of up to two persons is permitted for sole or all joint holders.
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.
Sovereign Gold Bond subscriptions limited by investor category; interest paid semi annually; eight year maturity, tradable on exchanges.
Resident Indian entities may subscribe to Sovereign Gold Bond 2020-21 with a minimum of one gram and maximum aggregate limits of 4 kg per individual/HUF and 20 kg for trusts per financial year; applications must include identification and bank account details, bonds issued either in physical certificate or demat form, pay interest half yearly credited to the specified account, have an eight year term with early redemption after the fifth year, are tradable on exchanges and may be pledged to banks, and nomination of up to two persons is permitted for sole or all joint holders.
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