TaxTMI 
TaxTMI 
Sovereign Gold Bond Scheme 2021-22
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....tock 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 recognized under the provisions of any Central or State law for the time....
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....scription period. (iii) The issue price of the Gold Bonds will be Rs. 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 'B', if all requirements of the application are fulfilled. (v) An incomplete application is liable to be rejected. 6. Date and form of issue of Gold Bonds.-- (i) The Gold Bonds shall be issued on the in the form of a Stoc....
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....ond. 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 gains tax arising on redemption of these bonds to an individual is exempted. The indexation benefits will be provided to long-term capital gains arising to any person on transfer of bond. 16. Nomination.- (i) Nomination of and its cancellation shall be made in Form 'D' and Form 'E', respectively, in accor....
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....ld Applied for Cheque/Demand Draft Drawn on (Name of the Bank & Branch) Cheque/ Demand Draft Dated No. (In figures) (In words) Amount: Rs. (in figures) (in words) PAN number of the first/ sole applicant (mandatory) Applicant status: Resident Individual ( ), Trusts ( ), Charitable Institution [ ], University ( ), others ( ), Please specify: Applicant(s) Detail (in block letters) EXISTING RBI INVESTOR ID, IFANY ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Date of Birth (minor) SECONDAPPLICANT'S NAME IN FULL Passport/Aadhar / PAN/TAN / Voter ID No. (any one of the above) Guardian (in case of minor) Passport/Aadhar / PAN/TAN / Voter ID No. (any one of the above) FIRST/ SOLEAPPLICANT'S / GUARDIAN'S ADDRESS IN FULL(DO NOTFILL IN NAMEAGAIN) CONTACTDETAILS Phone Email Fax 19 20 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] BANK PARTICULARS FOR PAYMENT OF INTERESTWARRANT/ REDEMPTION Account Holder Name Bank Name Branch Name /Address Account No. IFSC Code Account Type SB Account Current Account ....
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.... Sovereign Gold Bond 2021-22 The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, charitable institutions and Universities. Minimum subscription of 1 Gram and Maximum investment of 4kg for individuals and HUF & 20kg for trust and similar entities per investor per annum. Date of receipt of bond will be the same which is inscribed on the holding certificate. Demat and Physical (Certificate of Holding). Half yearly intervals. Interest will be credited directly in to the account mentioned in the application form or in the Account linked with the Demat a/c. 3) Date of Issue of bonds 4) Forms of Bonds 5) Interest Option 6) Post Maturity Interest 7) Bank account 8) Nomination Facility 8 9) Maturity period 10) Premature redemption Tradability Loans from banks against the security of these bonds 11) 12) 13) Application forms Post Maturity Interest is not payable. It is mandatory for the investors to provide bank account details to facilitate payment of interest /maturity value. The sole Holder or all the joint holders may nominate a ....
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....nation can be cancelled by a request to the Office of Issue. h) The investor is entitled to receive repayment amount within five clear working days from the date of tender of application for early redemption. In case the bank does not comply with the above, you may lodge a complaint in writing in to the nearest office of Reserve Bank of India as under: THE REGIONAL DIRECTOR, RESERVE BANK OF INDIA, CONSUMER EDUCATION AND PROTECTION DEPARTMENT/ BANKING OMBUDSMAN (LOCATION) YOU MAY ALSO ADDRESS YOUR COMPLAINT TO: THE CHIEF GENERAL MANAGER INTERNAL DEBT MANAGEMENT DEPARTMENT CENTRAL OFFICE FORT, MUMBAI-400 001, MAHARASHTRA - Disclaimer: I have read and understood the details of information for the investors as well as rights and duties of investors. The agent/bank has explained the features of the scheme to me. Signature of the applicant [à¤à¤¾à¤— II—खणà¥à¤¡ 3(i)] Date à¤à¤¾à¤°à¤¤ का राजपतà¥à¤° : असाधारण Form 'B' [See Paragraph 5(4)] Acknowledgement Receipt Application No... Received....
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....° पà¥à¤°à¤¤à¤¿ वरà¥à¤· _पà¥à¤°à¤¤à¤¿à¤¶à¤¤ बà¥à¤¯à¤¾à¤œ दिया जाà¤à¤—ा, जिसका संदाय पà¥à¤°à¤¤à¤¿ छह माह पर तारीख को पà¥à¤°à¤¤à¤¿à¤µà¤°à¥à¤· किया जाà¤à¤—ा। बंधपतà¥à¤° तारीख और को उनà¥à¤®à¥‹à¤šà¤¨à¥€à¤¯ होगा और बंधपतà¥à¤° के समय पूरà¥à¤µ उनà¥à¤®à¥‹à¤šà¤¨ का विकलà¥à¤ª पांच वरà¥à¤· बाद बà¥à¤¯à¤¾à¤œ à¤à¥à¤—तान की तारीखों को उपलबà¥à¤§ होà¤....
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....ution of the nomination made by me/us and registered on your books which shall stand cancelled on registration of this nomination. at.. Place: Date: Signature with name and address of witnesses: 1 2. (Signature(s) of the Stock Certificate holder(s) /BLA holder(s) Acknowledgment We acknowledge having registered the nomination in favour of.... nominees) for the Stock Certificate/BLA No.... the nomination registration no. is…...... .for the loan... (Name of and Please quote the above nomination registration no. in all communication pertaining to change or cancellation of nomination. Date:. Official.. Authorised I/We dated.. Form 'E' [See paragraph 16] CANCELLATION OF NOMINATION ..(name and address) do here by cancel the nomination ..made by me/us in respect of the following Stock certificate/Bond Ledger Account No., and registered by the Public Debt Office/branch of the Agency bank .(date) vide Registration No ……………… on....... Particulars of the Stock Certificate/ Bonds Date of Issue Nomenclature of The Stock Certificate/ BLA No....