Sale of Government of India Securities
Show AI Summary
Government securities issuance rules prescribe eligibility, auction processes and repayment mechanisms including call and put options.
General guidelines prescribe eligibility (residents and specified non-residents subject to FEMA/SEBI), minimum subscription, electronic application and payment procedures, forms of holding, and interest/payment processing through designated RBI offices. Issuance modes include auctions, pre-announced coupon issues, on-tap sales and conversions, with auction mechanics (uniform/multiple price, multiple bids, green shoe, non-competitive retail participation) and RBI/Government discretion on allotment. Repayment, transferability, coupon types, embedded call/put options and applicable statutory/regulatory frameworks are governed by the Government Securities Act and Specific Notifications.