Sovereign Gold Bond subscription limits and pricing tied to average bullion rates, with a digital-payment discount for online applicants. The scheme sets denominations in units of one gram and multiples, prescribes minimum subscription and annual ceilings for investor categories with joint-holding rules, aggregates subscriptions across tranches and secondary-market purchases while excluding collateral holdings from ceilings. The nominal value is fixed in rupees by the simple average of the industry-reported closing price of high-purity gold for the three working days before the subscription period, and an issue price discount applies to applicants who apply online and pay digitally.
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 subscription limits and pricing tied to average bullion rates, with a digital-payment discount for online applicants.
The scheme sets denominations in units of one gram and multiples, prescribes minimum subscription and annual ceilings for investor categories with joint-holding rules, aggregates subscriptions across tranches and secondary-market purchases while excluding collateral holdings from ceilings. The nominal value is fixed in rupees by the simple average of the industry-reported closing price of high-purity gold for the three working days before the subscription period, and an issue price discount applies to applicants who apply online and pay digitally.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
