Nomination rights: NRI nominees may receive sovereign gold bonds but must hold to maturity; proceeds non-repatriable. Nominations and cancellations under the Sovereign Gold Bond Scheme must be made in Form 'D' and Form 'E' under the Government Securities framework. An individual Non-Resident Indian nominee may have the security transferred on the investor's death, but must retain the security until premature redemption or maturity, and any interest and maturity proceeds payable to that NRI nominee are non-repatriable.
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.
Nomination rights: NRI nominees may receive sovereign gold bonds but must hold to maturity; proceeds non-repatriable.
Nominations and cancellations under the Sovereign Gold Bond Scheme must be made in Form 'D' and Form 'E' under the Government Securities framework. An individual Non-Resident Indian nominee may have the security transferred on the investor's death, but must retain the security until premature redemption or maturity, and any interest and maturity proceeds payable to that NRI nominee are non-repatriable.
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