TaxTMI 
TaxTMI 
Sovereign Gold Bond Scheme 2020-21
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....s specified in Annexure Il to this Notification), Stock Holding Corporation of India Ltd. (SHCIL) and the authorised stock exchanges as specified in Annexure III to this Notification. c) "Stock Certificate" means the Gold Bond issued in the form of Government of India Stock in accordance with section 3 of the Government Securities Act, 2006. 3. Eligibility for Investment- The Gold Bonds under this Scheme may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. Explanation- For the purposes of this paragraph: (i) "person" shall have the same meaning as defined in clause (u) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999). (ii) the expression "person resident in India" shall have the same meaning as defined in clause (v) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999). (iii) "Trusts" to mean a trust constituted/formed as per the Indian Trusts Act, 1882, or a public or private trust constituted or recog....
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.... Jewelers Association Limited, for the last 3 working days of the week preceding the subscription period. iii) The issue price of the Gold Bonds will be 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. 5. Procedure for making application for subscription to Gold Bonds.- (i) Any person who is desirous of subscribing to the Gold Bonds shall apply to any receiving office in Form 'A' or in any other form as near as thereto, stating clearly the grams of gold, full name and address of the applicant/s. (ii) Every application Shall Contain such documents and particulars as specified in the instructions contained in the Application Form. (iii) Every application must be accompanied by the PAN Number' issued by the Income Tax Department to Individuals and other entities. (iv) On receipt of an application under sub paragraph (i), the receiving office shall issue an acknowledgment receipt in Form if all requirements of the application are fulfilled. (v) An incomplete application is liable to be re....
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....tion price shall be based on simple average of closing price of gold of 999 purity of previous 3 working days, published by the India Bullion and Jewelers Association Limited. (iii) The RBI I depository shall inform the investor one month in advance, about the date of maturity of the Bond. 13. Eligibility for Statutory Liquidity Ratio.- Bonds acquired by the banks through the process of invoking lien/ hypothecation/ pledge alone, shall be counted towards Statutory Liquidity Ratio. 14. Loan against Bonds.- (i) The Gold Bonds issued under this Scheme may be used as collateral security for availing any loan. Such loans could be granted by marking lien on SGB appropriately. (ii) The Loan to Value ratio as applicable to any ordinary gold loan mandated by the Reserve Bank of India shall also apply to the Bonds issued under this Scheme. Note: The loan against SGBs would be subject to decision of the bank/financing agency, and cannot be inferred as a matter of right. 15. Tax Treatment- The interest on the Gold Bond shall be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961). The capital gai....
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....¸à¤¾à¤§à¤¾à¤°à¤£ 19 and the Government Securities Regulations, 2007, published in part III, Section 4 of the Gazette of India dated the 1st December 2007. 18. Trading of Gold Bonds.- The Gold Bonds shall be eligible for trading. 19. Commission for mobilizing subscription.- The commission for mobilising subscription towards these bonds shall be paid at the rate of Rupee one per hundred Rupees of the total subscription received by the receiving offices and receiving offices shall share at least 50% of the commission so received with the agents or sub agents for the business procured through them. 20. All other terms and conditions specified in the notification of Government of India in the Ministry of Finance (Department of Economic Affairs) vide Number 4(2)-(W&M)/2018 dated the 27th March, 2018 shall apply to the Gold Bond issued under this scheme. By Order of the President of India, [F. No. 4(4)-B(W&M)/2020] RAJAT KUMAR MISHRA, Jt. Secy. सतà¥à¤¯à¤®à¥‡à¤µ जयते APPLICATION FORM FOR SOVEREIGN GOLD BOND 2020-21 (Put wherever required) Name of Receiving Office ....
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.... Signature Guardian Date, Bank Stamp & Signature of the authorized official of the bank/Post Office [ à¤à¤¾à¤— II-खणà¥à¤¡ 3(i)] à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण In case of thumb impression, attestation by two witnesses Witnesses: Name of 1st Witness: .Name of 2nd Witness-- Address Address--- Signature H.U.F. declaration (mandatory, if applicant is Karta of HUF) Signature-- Thumb Impression 21 .,residing at the address given against First Applicant, do solemnly affirm that I am the Karta of the Hindu Undivided Family and as such have full powers to sell, endorse, transfer or otherwise deal in the Sovereign Gold Bonds 2020-21, standing in the name of the HUF. Specimen signature for and on behalf of the HUF (name of the HUF) Place: Date: (Signature of the Karta with seal of HUF) For Office use only Date of receipt of Application (DD/MM/YYYY) BLA No. CIF No. Date of Credit to Govt. A/C (DD/MM/YYYY) Nomination registered on (DD/MM/YYYY) HUF declarat....
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.... certificate from the School or Municipal Authorities for verification, together with an attested copy. e) Please note that nomination facility is available to a Sole Holder or all the joint holders (investors) of an SGB. f) In case nominee is a minor, please indicate the date of birth of the minor and a guardian can be appointed. g) Nomination facility is not available in case the investment is on behalf of minor. h) Please provide bank account details for receiving payment through Electronic mode. i) Please notify the change of bank account, if any, immediately. j) POST MATURITY INTEREST IS NOT PAYABLE. k) Indicate your date of birth. Rights of the Investors a) Holding Certificate will be issued to the investor. b) The interest on the bond is paid half-yearly. The servicing of the Interest will be done through the bank account provided in the Application form or through the A/c linked to the demat, as the case may be. c) Application forms for investments under Sovereign Gold Bonds 2020-21 are available on the website at www.rbi.org.in/finmin.nic.in d) A sole holder or all the joint holders may nominate maximum of two nominees ....
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....दà¥à¤µà¤¾à¤°à¤¾ पà¥à¤°à¤®à¤¾à¤£à¤¿à¤¤ करता/करती हूठकि शà¥à¤°à¥€ / शà¥à¤°à¥€à¤®à¤¤à¥€. बॉणà¥à¤¡) 2020-21 - सीरिज़ VII/VIII/IX/X/XI/XII के कà¥à¤² पà¥à¤°à¤¾à¤°à¤‚à¤à¤¿à¤• निवेश Rs. _यूनिट राषà¥à¤Ÿà¥à¤°à¤¿à¤• सà¥à¤µà¤°à¥à¤£ बंधपतà¥à¤° (सॉवरेन गोलà¥à¤¡ के रजिसà¥à¤Ÿà¥à¤°à¥€à¤•à¥ƒà¤¤ सà¥à¤µà¤¤à¥à¤µà¤§à¤¾à¤°à¥€ हूà¤à¥¤ राषà¥à¤Ÿà¥à¤°à¤¿à¤• सà¥à¤µà¤°à¥à¤£ बंधपतà¥à¤° (सॉवरेन गोलà¥à¤¡ बॉणà¥à¤¡), 2020-21 - सीरिà....
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....enerated certificate and does not require any signature. 24 24 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] Form 'D' [See paragraph 16] NOMINATION I/We certificate/BLA No.. ..for the loan... (Name and address), the holder/s of Stock here by nominate the following person/s who shall on my/our death have the right to the Government securities/Bonds and receive payment of the amount for the time being due on the Government securities/Bonds specified below: PARTICULARS OF NOMINEE: Date Amount of issue Date of repayment Full name with expanded initials and address of Date of birth in case of minor Relation- Particulars Ship to holder/s of bank account nominee To be filled in case if nominee is minor: As. a minor on this date, I/We appoint Shri /Smt./ Kumari the amount for the time being. the sole nominee above is to receive Due to the above Government securities/Bond in the event of my/our death during the minority of the said nominee....... If the nomination is in substitution of the one already made: This nomination is in substitution of the ....
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.... it has been transferred tome/us*. ..(transferee/s) hereby request that on my/our*being registered as the holder/s of the stock transferred to me/us*, the above stock certificate to the extent it has been transferred to me/us* may be renewed in my/our*name (s)/converted in my/our*name(s). @I/We*. ..(transferor/s) hereby request that on the above transferee(s) being registered as the holder/s of the stock hereby transferred to him/them*, the aforesaid stock certificate to the extent it has not been transferred to him/them*may be renewed in my/our* name(s). As witness, our hand the day of two thousand and THE GAZETTE OF INDIA: EXTRAORDINARY 26 Signed by the above-named transferor In the presence of** Signed by the above-named transferee In the presence**. Signature of transferor. Address:. Signatureof transferee.. *Delete whichever is not applicable. @:This paragraph is to be used only when a portion of the Certificate is transferred. **Signature, occupation and address of witness. Witness should be different for Transfer or and transferee. Transferred: Stock Certificate issued No/s.. .dated.. Manager, R....