Relief bond repayment procedures require investor notice, no post maturity interest, strict payment and reporting controls. Designated agency branches must notify holders in advance of individual bond maturities, ensure compliance with the investor investment limit and recovery of interest on excess investments, and inform investors that post maturity interest does not accrue. Discharge may be effected by COH or a prescribed stamped receipt, with PAN/Form 60 required where repayments exceed the threshold. Payments must be made by the branch maintaining the BLA, recorded and authenticated in the BLA, with principal and interest accounted separately. Monthly reporting to the Controller of Accounts and PDO is required; reimbursement claims to CAS Nagpur must be electronic, digitally signed, auditor certified, and reconciled with submitted details.
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Provisions expressly mentioned in the judgment/order text.
Relief bond repayment procedures require investor notice, no post maturity interest, strict payment and reporting controls.
Designated agency branches must notify holders in advance of individual bond maturities, ensure compliance with the investor investment limit and recovery of interest on excess investments, and inform investors that post maturity interest does not accrue. Discharge may be effected by COH or a prescribed stamped receipt, with PAN/Form 60 required where repayments exceed the threshold. Payments must be made by the branch maintaining the BLA, recorded and authenticated in the BLA, with principal and interest accounted separately. Monthly reporting to the Controller of Accounts and PDO is required; reimbursement claims to CAS Nagpur must be electronic, digitally signed, auditor certified, and reconciled with submitted details.
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