Issue of (i) 7.74 per cent (Non-transferable) Special Gol Security, 2028; (ii) 7.81 per cent (Non- transferable) Special Gol Security 2029; (iii) 7.88 per cent (Non-transferable) Special Gol Security 2030; (iv) 7.95 per cent (Nontransferable) Special Gol Security 2031; (v) 8.03 per cent (Non-transferable) Special Gol Security 2032; and (vi) 8.11 per cent (Non- transferable) Special GoI Security 2033. - F. No. 4(16)-W&M/2018 - Indian Law
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Non-transferable government securities issuance limited to designated bank, setting subscription, interest, maturity and HTM treatment. The Government notified issuance of specified non-transferable Special GoI securities exclusively allocated to Syndicate Bank, to be subscribed at par and held as 'Stock' in the bank's SGL account at RBI Mumbai. Interest is payable half-yearly at the stated rates with rounding rules; securities mature repayable at par on listed dates. These securities are non-transferable and non-convertible, governed by the Government Securities Act and Rules; tax treatment follows applicable laws. Investments do not qualify as eligible statutory Government securities investments, but may be held in HTM without limit.
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.
Non-transferable government securities issuance limited to designated bank, setting subscription, interest, maturity and HTM treatment.
The Government notified issuance of specified non-transferable Special GoI securities exclusively allocated to Syndicate Bank, to be subscribed at par and held as "Stock" in the bank's SGL account at RBI Mumbai. Interest is payable half-yearly at the stated rates with rounding rules; securities mature repayable at par on listed dates. These securities are non-transferable and non-convertible, governed by the Government Securities Act and Rules; tax treatment follows applicable laws. Investments do not qualify as eligible statutory Government securities investments, but may be held in HTM without limit.
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