Gold Deposit Scheme, 1999 - Amendment in Notification No. GSR 634(E), dated 14-9-1999

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....tely held stock of gold in circulation, reduce the country's reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold Deposit Scheme, 1999 on 14th September, 1999. With a view to also enable Mutual Funds/Exchange Traded Funds registered under SEBI (Mutual Fund) Reg....

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....s per Guidelines issued by the Reserve Bank and accepted as deposit by a designated bank"; for item (d) in sub-paragraph (iv), the following shall be substituted, namely :- "(d) a Trust including Mutual Funds/Exchange Traded Funds registered under Security and Exchange Board of India (Mutual Fund) Regulations"; and for items 1, 3(ii) and 7 in sub-paragraph (vi), the following shall respec....