Gold Deposit Scheme expansion allows mutual funds and gold ETFs to deposit qualifying physical gold under modified operational rules. The Gold Deposit Scheme is amended to allow Mutual Funds and Gold ETFs to deposit physical gold, to recognise dematerialised Gold Certificates transferable under depository rules, to exempt LBMA compliant gold from destructive assay when accompanied by acceptable certification, to permit Trusts as depositors, to change deposit maturities to six months through seven years, and to require banks to inform RBI and report consolidated monthly mobilisation and deployment using the prescribed annexure.
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Provisions expressly mentioned in the judgment/order text.
Gold Deposit Scheme expansion allows mutual funds and gold ETFs to deposit qualifying physical gold under modified operational rules.
The Gold Deposit Scheme is amended to allow Mutual Funds and Gold ETFs to deposit physical gold, to recognise dematerialised Gold Certificates transferable under depository rules, to exempt LBMA compliant gold from destructive assay when accompanied by acceptable certification, to permit Trusts as depositors, to change deposit maturities to six months through seven years, and to require banks to inform RBI and report consolidated monthly mobilisation and deployment using the prescribed annexure.
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