Sovereign Gold Bond Scheme 2022-23

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.... Clearing Corporation of India Limited (CCIL) or any other entity as may be approved by RBI 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 Section3 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 being in force and also an express o....

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....old Bonds will be less by Rs.50 per gram than the nominal value to those investors applying online and making the payment against the application 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 anacknowledgment 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 in the form of a Stock Certificate, as specified in Form 'C'on the date of issue of respective tranches as mentioned in the para 8 ....

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....be granted by marking lien on Gold Bonds 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 Gold Bonds would be subject to decision of the bank/financing agency, and cannot be inferred as a matter of right. 15. Tax Treatment.- The interest received 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 for the 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 accordance with the provisions of the Government Securities Act, 2006 (38 of 2006) and the Government Securities Regulations, 2007, published in part III, Section 4 of the Gazette of India dated the 1st December 2007. (ii) An individual Non-Resident Indian may get the security transferred in his name on account of he being a nominee of a deceased investor; Provided that the....

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....o. (any one of the above) Guardian (in case of minor) EXISTING RBI INVESTOR ID, Date of Birth (minor) Date 20 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II SEC. 3(i)] Passport/Aadhar / PAN/TAN / Voter ID No. (any one of the above) FIRST/SOLEAPPLICANT'S / GUARDIAN'S ADDRESS IN FULL (DO NOT FILL IN NAME AGAIN) CONTACTDETAILS Phone Email Fax BANK PARTICULARS FOR PAYMENT OF INTERESTWARRANT/REDEMPTION Account Holder Name Bank Name IFSC Code Account Type SB Account Current Account Account No. Branch Name /Address Nominee details- Nomination Form (as applicable) to be filled and attached Depository participant details (to avail of option to hold the bond in demat form) Depository Name enter 16 digit client ID) DP/ Client NSDL CDSL (For NSDL, enter 8 digit dp ID followed by 8 digit client ID, For CDSL Declaration: I/We hereby declare and undertake that (i) my/our aggregate investment in Sovereign Gold Bonds 2022-23 does not exceed 4kg for individual and HUF & 20 Kg for trust and similar entities during the financial year 2022-23 and (ii) the Information furnished in this application form is correct, (iii) I have read and understood the details of information....

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....count mentioned in the application form or in the Account linked with the Demat a/c. 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 maximum of two persons as nominee. Eight years from the date of issue. On the coupon dates after the 5th year of issuance. Bonds will be tradable on stock exchanges. The holders of the said securities shall be entitled to create pledge, hypothecation or lien in favour of scheduled banks. Branches of all the scheduled commercial banks, designated Post offices, Stock Holding Corporation of India Ltd. (SHIL), the authorised stock exchanges, and Clearing Corporation of India Limited (CCIL) or any other entity as may be approved by RBI. [भाग II—–खण्ड 3 ( i )] भारत का राजपत्र : असाधारण Instructions for Investors/ Applicants 23 a) Application should be complete in all respects. b) Incomplete applications may be rejected or del....

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....rs as well as rights and duties of investors. The agent/bank has explained the features of the scheme to me. Signature of the applicant 24 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II—SEC. 3(i)] Date Received from Mr/Mrs/Ms. Form 'B' [See Paragraph 5(4)] Acknowledgement Receipt Application No... Cash/ Demand Draft/Cheque No./Electronic Transfer/. ../...... drawn on (Bank and branch) grams totaling an amount of Rs... for the purchase of Sovereign Gold Bond 2022-23 basis of the nominal value of Rs..... (Rupees... dated for only) Series I/II for a period of 8 years, interest payable on (Rupees....... ........only). Form 'C' [See paragraph 6 (1)] (Stamp / Seal of the Receiving Office) सत्यमेव जयते भारत सरकार Government of India सॉवरेन स्वर्ण बांड 2022-23 SOVEREIGN GOLD BOND 2022-23 Certificate Number- मैं एतद द्वारा प्रमाणित करता हू....

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....ation Receiving Office with the option for early redemption after fifth यह प्रमाणपत्र प्रणाली आधारित है अतः हस्ताक्षर आवश्यक नहीं। This is a system generated certificate and does not require any signature. [भाग II—–खण्ड 3 ( i ) ] भारत का राजपत्र : असाधारण Form 'D' [See paragraph 16] 25 25 I/We certificate /BLA No. NOMINATION .for the loan. (Name and address), the holder/s of Stock hereby 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 Rs. Date of repayment Full name with expanded initials and of birth in address of nominee case of Date Relati....

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....umber. I/We* as specified on the face of this . (transferee/s), his/her/their* do freely accept the stock certificate .to the extent 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). [भाग II—–खण्ड 3 ( i ) ] As witness, our hand the भारत का राजपत्र : असाधारण day of Signed by the above-named transferor In the presence of **. Signed by the above-named transferee In the presence**. two thousand and.. Signature of transferor.. Address:... Signature of transferee.. *: Delete whichever is not applicable. @: Thi....