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Eligibility for Sovereign Gold Bonds permits trusts, HUFs, charitable institutions, universities and resident individuals to hold bonds. Eligibility for investment in the Sovereign Gold Bond Scheme limits holdings to trusts, Hindu Undivided Families, charitable institutions, universities and persons resident in India, held individually, on behalf of a minor, or jointly. Definitions import meanings from the Foreign Exchange Management Act for 'person' and 'person resident in India,' and specify what constitutes a trust, charitable institution and university to determine authorised holders.
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Provisions expressly mentioned in the judgment/order text.
Eligibility for Sovereign Gold Bonds permits trusts, HUFs, charitable institutions, universities and resident individuals to hold bonds.
Eligibility for investment in the Sovereign Gold Bond Scheme limits holdings to trusts, Hindu Undivided Families, charitable institutions, universities and persons resident in India, held individually, on behalf of a minor, or jointly. Definitions import meanings from the Foreign Exchange Management Act for "person" and "person resident in India," and specify what constitutes a trust, charitable institution and university to determine authorised holders.
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