Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI • Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions • Judicial precedents and Supreme Court, High Court and other citations • Issue-wise legal analysis • Practical arguments and supporting content • Professionally structured draft ready for further review.
Government of India have announced the sale (re-issue) of (i) "7.99 percent Government Stock 2017" for a notified amount of Rs.4,000 crore (nominal), (ii) "8.08 percent Government Stock 2022" for a notified amount of Rs.4,000 crore (nominal) and (iii) "8.26 percent Government Stock 2027" for a notified amount of Rs.3,000 crore (nominal) through price based auctions. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on January 21, 2011 (Friday).
Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Negotiated Dealing System (NDS) on January 21, 2011. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.30 p.m.
The result of the auctions will be announced on January 21, 2011 and payment by successful bidders will be on January 24, 2011 (Monday).
The Stocks will be eligible for "When Issued" trading in accordance with the guidelines on 'When Issued transactions in Central Government Securities' issued by the Reserve Bank of India vide circular No. RBI /2006-07/178 dated November 16, 2006 as amended from time to time.
Department of Economic Affairs, Ministry of Finance New Delhi : Pausha 27, 1932; January 17, 2011 Government securities auction via uniform price method; electronic competitive and non competitive bidding with reserved non competitive allocation. Announcement of a government securities auction using the uniform price method with bids to be submitted electronically on the Negotiated Dealing System; separate timed windows are prescribed for competitive and non-competitive bids, up to five percent of each notified amount is reserved under the Non-Competitive Bidding Facility, auction results will be declared on the auction day, payment is required on the stipulated settlement date, and the stocks will be eligible for when issued trading under existing guidelines.
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.
Government securities auction via uniform price method; electronic competitive and non competitive bidding with reserved non competitive allocation.
Announcement of a government securities auction using the uniform price method with bids to be submitted electronically on the Negotiated Dealing System; separate timed windows are prescribed for competitive and non-competitive bids, up to five percent of each notified amount is reserved under the Non-Competitive Bidding Facility, auction results will be declared on the auction day, payment is required on the stipulated settlement date, and the stocks will be eligible for when issued trading under existing guidelines.
Note: It is a system-generated summary and is for quick reference only.
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