Eligibility for investment: specified institutional and resident individual holders qualify to subscribe to sovereign gold bonds. The Sovereign Gold Bond Scheme limits holders to trusts, Hindu Undivided Families, charitable institutions, universities, and individuals resident in India-held in personal capacity, jointly, or on behalf of a minor-and relies on statutory definitions to define who is a 'person' and a 'person resident in India'; further explications specify that eligible trusts include those constituted under Indian trust law or recognised under central or state law, charitable institutions include companies and registered or tax recognised charities, and universities are those established or declared under the higher education statute.
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: specified institutional and resident individual holders qualify to subscribe to sovereign gold bonds.
The Sovereign Gold Bond Scheme limits holders to trusts, Hindu Undivided Families, charitable institutions, universities, and individuals resident in India-held in personal capacity, jointly, or on behalf of a minor-and relies on statutory definitions to define who is a "person" and a "person resident in India"; further explications specify that eligible trusts include those constituted under Indian trust law or recognised under central or state law, charitable institutions include companies and registered or tax recognised charities, and universities are those established or declared under the higher education statute.
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