Bond redemption terms require maturity repayment in currency, with permitted early redemption after a specified period. Redemption is structured as repayment in Indian Rupees at the end of an eight year term, with premature redemption permitted after the fifth year on an interest payment date. The redemption price is based on the simple average of the closing price of 999 purity gold for the previous three working days as published by the India Bullion and Jewellers Association Limited, and the RBI or depository must inform investors one month in advance of the redemption date.
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.
Bond redemption terms require maturity repayment in currency, with permitted early redemption after a specified period.
Redemption is structured as repayment in Indian Rupees at the end of an eight year term, with premature redemption permitted after the fifth year on an interest payment date. The redemption price is based on the simple average of the closing price of 999 purity gold for the previous three working days as published by the India Bullion and Jewellers Association Limited, and the RBI or depository must inform investors one month in advance of the redemption date.
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