Sovereign Gold Bond Scheme sets issuance, holding, redemption, interest, transfer and collateral rules for gold bonds. Sovereign Gold Bond Scheme 2019-20 sets issuance and operational terms: eligible resident investors (individuals, joint holders, minors, trusts, HUFs, institutions) can subscribe in one-gram denominations subject to annual ceilings; bonds are Government of India Stock, demat eligible, priced by a three day simple average of 999 purity gold with an online discount, bear fixed annual interest payable semiannually, are redeemable at eight years with premature redemption after year five, and may be used as collateral subject to loan to value rules; tax treatment, transferability, nomination, receiving offices and procedural requirements are prescribed.
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 sets issuance, holding, redemption, interest, transfer and collateral rules for gold bonds.
Sovereign Gold Bond Scheme 2019-20 sets issuance and operational terms: eligible resident investors (individuals, joint holders, minors, trusts, HUFs, institutions) can subscribe in one-gram denominations subject to annual ceilings; bonds are Government of India Stock, demat eligible, priced by a three day simple average of 999 purity gold with an online discount, bear fixed annual interest payable semiannually, are redeemable at eight years with premature redemption after year five, and may be used as collateral subject to loan to value rules; tax treatment, transferability, nomination, receiving offices and procedural requirements are prescribed.
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