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        FEMA & RBI

        The Government of India (GoI) announced here today that 8% GOI Savings (Taxable) Bonds, 2003 shall cease for subscription with effect from the close of banking business on Tuesday, the 02nd January, 2018

        January 1, 2018

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        The Government of India (GoI) announced here today that 8% GOI Savings (Taxable) Bonds, 2003 shall cease for subscription with effect from the close of banking business on Tuesday, the 02nd January, 2018.

        Cessation of subscription for specified government savings bonds announced; subscriptions closed effective announced banking business day. The Government announced that 8% GOI Savings (Taxable) Bonds, 2003 shall cease to be open for subscription with effect from the close of banking business on the specified banking day; the announcement was issued as a government press release notifying investors and intermediaries that new subscriptions are not permitted after the stated banking-business cutoff.
                          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.

                                Cessation of subscription for specified government savings bonds announced; subscriptions closed effective announced banking business day.

                                The Government announced that 8% GOI Savings (Taxable) Bonds, 2003 shall cease to be open for subscription with effect from the close of banking business on the specified banking day; the announcement was issued as a government press release notifying investors and intermediaries that new subscriptions are not permitted after the stated banking-business cutoff.


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