Sovereign Gold Bond scheme enables government-issued gram-denominated gold bonds with tradability, interest, and market-linked redemption. The Central Government establishes the Sovereign Gold Bond Scheme, 2016 issuing Government of India Stock denominated in grams of 999 purity gold, specifies eligible holders, subscription units and fiscal per-person limits, ties issue and redemption prices to the previous week's average market gold price, prescribes application, issuance and demat conversion procedures, sets fixed interest payable half-yearly with premature redemption after the fifth year and redemption at eight years, and provides for SLR eligibility, use as loan collateral, transferability, nomination, commission sharing and tax treatment mirroring physical gold.
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.
Sovereign Gold Bond scheme enables government-issued gram-denominated gold bonds with tradability, interest, and market-linked redemption.
The Central Government establishes the Sovereign Gold Bond Scheme, 2016 issuing Government of India Stock denominated in grams of 999 purity gold, specifies eligible holders, subscription units and fiscal per-person limits, ties issue and redemption prices to the previous week's average market gold price, prescribes application, issuance and demat conversion procedures, sets fixed interest payable half-yearly with premature redemption after the fifth year and redemption at eight years, and provides for SLR eligibility, use as loan collateral, transferability, nomination, commission sharing and tax treatment mirroring physical gold.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
