Extraordinary Gazette of India, 2010, No. 341

0.68 MB·English

by  Directorate of Printing, Government of India

717-7fo to 770-33004/99 REGD. NO. D. L.-33004/99
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The 6c2ette of ;India
EXTRAORDINARY
1.1TIT 1-1§nr3' 1
PART I—Section 1
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PUBLISHED BY AUTHORITY
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2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 11
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9. Aral-TrEdt Wcr-faff 0411,4 415f *mit, should be submitted between 10.30 a.m. and 11.30 a.m. and
7217 77TARni-ilfir(4-ar '5P7R1* Iii-urW 74 the competitive bids should be submitted between 10.30 a.m.
and 12.30 p.m.
9Trffrff -grt7i en .'r*I-mizi--31Tir-o, it 71 712.1friW
When Issued Trading
glr1{ gltf ',4154) 11114 7117-ri1 i aTTP
The Stock will be eligible for "When Issued" trading
izu 3c,.-1(g,41,4 3T-1
in accordance with the guidelines issued by the Reserve
f9fEr*Tur otild T17TrF179 Bank of India.
furl w-1.74i7T-itficbgr Tenure
*f-R The Stock will be of seven-year tenure commencing
from August 17, 2009. The Stock will be repaid at par on
V. ie 3ft7 31-14Tt" slot. ti 4:111717 'ft-44 iT
August 17, 2016.
(41,) 61113:11:171- 1:14:1 Trt n-iCA 1.r 4-49.1*7 -4*-o-# 74
Date of Issue and Payment for the Stock
.4111T-ff r figift'ff Hew alHl t -srRid
The result of the auction shall be displayed by the
ffetpI4ilI Reserve Bank of India at its Fort, Mumbai Office on
February 5, 2010. The payment by successful bidders will
gikr 7717h-Tr
be on February 8, 2010, i.e., the date of re-issue. The
37,'-119 3ftT 3747,77*-dT 714-4-ir payment for the Stock will include accrued interest on the
7471-1-Rm fa,qr Aitor nominal value of the Stock allotted in the auction from
the date of original issue, i.e., August 17, 2009 to
MINISTRY OF FINANCE
February 17, 2010.
(Department of Economic Affairs) Interest
(BUDGET DIVISION) Interest at the rate of 7.02 per cent per annum will
accrue on the nominal value of the Stock from the date of
NOTIFICATION
original issue and will be paid half yearly on
New Delhi, the 28th January, 2010 February 17 and August 17.
Auction for Sale (Re-issue) of '7.02, per cent By Order of the President of India,
Government Stock, 2016' SHAKTIKANTA DAS, Jt. Secy.
F. No. 4(1)-W&M/2009.- --Government of India ANNEX
hereby notifies sale (re-issue) of '7.02 per cent Government Scheme for Non-Competitive Bidding Facility in the
Stock, 2016' (hereinafter called 'the Stock') for an Auctions of Government Securities
aggregate amount of Rs. 3,000 crore (nominal). The sale Scope : With a view to encouraging wider
will be subject to the terms and conditions spelt out in participation and retail holding of Government Securities it
this notification (called 'Specific Notification') as also is proposed to allow participation on "non-competitive"
basis in select auctions of dated Government of India (Gol)
the terms and conditions specified in the General
Securities. Accordingly, non-competitive bids up to 5 per
Notification F. No. 4 (13)-W&M/2008, dated October
cent of the notified amount will be accepted in the auctions
8, 2008 issued by Government of India.
of dated securities. The reserved amount will be within the
Method of Issue notified amount.
The Stock will be sold through Reserve Bank of India, Eligibility : Participation on a non-competitive
basis w the auctions of dated Gol Securities will be open
Mumbai Office, Fort, Mumbai-400 001 in the manner as
to investors who satisfy the following :
prescribed in paragraph 5.1 of the General Notification
do not maintain Current Account (CA) or
F. No. 4 (13)-W&M/2008, dated October 8, 2008 by a price
Subsidiary General Ledger (SGL) account with the
based auction using uniform price auction method.
Reserve Bank of India.
Allotment to Non-competitive Bidders Exceptions : Regional Rural Banks (RRBs) and
The Government Stock up to 5% of the notified Co-operative Banks shall be covered under this
amount of the sale will be allotted to eligible individuals Scheme in view of their statutory obligations.
and institutions as per the enclosed Scheme for Non- make a single bid for an amount not more than
competitive Bidding Facility in the Auctions of Government Rs. two crore (face value) per auction.
Securities (Annex). 3. submit their bid indirectly through any one bank
or PD offering this scheme.
4. Place and Date of Auction
The auction will be conducted by Reserve Exceptions : Regional Rural Banks (RRBs) and
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on Co-operative Banks that maintain SGL account
February 5, 2010. Bids for the auction should be submitted and current account with the Reserve Bank of
in electronic format on the Negotiated Dealing System India shall be eligible to submit their non-
(NDS) on February 5, 2010. The non-competitive bids competitive bids directly.
4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART 1 SEC. I ]
HI. Coverage : Subject to the conditions mentioned It will be the responsibility of the bank gy the PD
above, participation on "non-competitive" basis is open
to pass on the securities to their clients. Except in
to any person including firms, companies, corporate bodies, extraordinary circumstances, the transfer of
institutions, provident funds, trusts, and any other entity securities to the clients shall be completed within
as may be prescribed by RBI. The minimum amount for five working days from the date of issue.
bidding will be Rs. 10,000 (face value) and thereafter in
The bank or PD can recover up to six paise per
multiples in Rs. 10,000 as hitherto for dated stocks.
Rs. 100 as brokerage/commission/service charges
IV. Other Operational Guidelines : for rendering this service to their clients. Such
The retail investor desirous of participating in the costs may be built into the sale price or recovered
auction under the Scheme would be required to separately from the clients. In case the transfer of
maintain a Constituent Subsidiary General Ledger securities is effected subsequent to the issue date
(CSGL) account with the bank or PI) through of the security, the consideration amount payable
whom they wish to participate. Under the Scheme, by the client to the bank or PD would also include
an investor can make only a single bid in an accrued interest from the date of issue.
auction of a dated security. An undertaking to 9. Modalities for obtaining payment from clients
the effect that the investor is making only a single towards cost of the securities, accrued interest
bid will have to obtained and kept on record by wherever applicable and brokerage/commission/
the bank or PD. service charges may be worked out by the bank
Each bank or PD on the basis of firm orders or PD as per agreement with the client. It may be
noted that no other costs such as funding costs
received from their constituents will submit a
should be built into the price or recovered from
single consolidated non-competitive bid on behalf
the client.
of all its constituents in electronic format on the
Negotiated Dealing System (NDS). Except in V. Banks and PDs will be required to furnish
extraordinary circumstances such as general information relating to operations under the Scheme to the
failure of the NDS system, non-competitive bid in Reserve Bank of India (Bank) as may be called for from
physical form will not be accepted. time to time within the time frame prescribed by the Bank.
Allotment under the non-competitive segment to . VI. The aforesaid guidelines are subject to review
the bank or PD will be at the weighted average by the Bank and accordingly, if and when considered
rate of yield/price that will emerge in the auction necessary, the Scheme will be modified.
on the basis of the competitive bidding. The
3rrErflq-4r
securities will be issued to the bank or PI) against
payment on the date of issue irrespective of 28 ,T1-1c4i'l, 2010
whether the bank or PD has received payment
'6.35 171 717 t-iterA teien, 2020' tit
from their clients.
(11-91Ngr) , 77 -11-1141
In case the aggregate amount of bid is more than
the reserved amount (5% of notified amount), pro tFf. 14. 4(1)-7trg 7/2009(i).--1-117
rata allotment would be made. In case of partial 1 egftr 3,000 t,t-K ( aft+7) a t tri tiftt fc..w '6.35
c1
allotments, it will be the responsibility of the bank "Str0- 7 TirTit i-dicn, 2020' CFA- -A -Tr1,1-$Tr-T qrq 'TETT' onr
or PD to appropriately allocate securities to their
i1Ir(7f-47fi3) afttifffff TT-ol* fqTt
clients in a transparent manner.
aftrio7r (f 'ffil-vrtE3TNT79T' TPIT*) Tj si-'cTiFcr
In case the aggregate amount of bids is less than
71-4 tigi 1-TR7 t-ItchR gilt 7-t 7T14-0-4 31-ftr-r
the reserved amount, the shortfall will be taken to
4Y-If 4(13 )--7g u,u5 t;44/2008, Tfti 8 3r4717, 2008 #
competitive portion.
f9itZ -Fe* 3P-11-9 T1' ‘111.144
Security would be issued only in SGL form by
RBI. RBI would credit either the main SGL account -kik "%'9' tea
or the CSGL account of the bank or PD as
'TEfT 4;1 f 1 34.4171 fr44 411, cfnll (1?-1,
indicated by them. The facility for affording credit
to the main SGL account is for the sole purpose of 1Fit-400001 =taro Ttcr8 31-*L-W, 2008
servicing investors who are not their constituents. alf37774-7 4t->qf 4(13 )-1, -CHT 'Ol--1/2008
Therefore, the bank or PD would have to indicate i-tT 5.1 '1 2.3Tf-ffqfft TTIT # Witco-f 1:kr 1-0-117ft f-qf'N
clearly at the time of tendering the non-
r wt-= 31141-ftff t-Mit gm *1 •=1R41.
competitive bids the amounts (face value) to be
credited to their SGL account and the CSGL 311;1f4M-11 W -A-q-df3T)' 37r4z-9-
account. Delivery in physical form from the main
137Wit 17th9fd4ff 31-srf-dTcrtTl-q'r-A
SGL account is permissible at the instance of the
#fqtrr 4c11^f (3T N)31-17:7,
investor subsequently.
11'
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32-` 01 0 —
6 THE GAZETTE OF INDIA : EXTRAORDINARY [PAR]: 1— SEC. 11
77 et 3ItTIT Ai T177* S 1c-14 1r dTitcificel OTT NOTIFICATION
f* a6 3Ttr4 -aK*1-*I-gral-f7-4 334-z7 New Delhi, the 28th January, 2010
-ca, T 7T1* *1 I
Auction for Sale (Re-issue) of '6.35 per cent
t:14-PT A' .16i W. vfmrRfk-Td Trftr* *4 Government Stock, 2020'
cb1-11*-17rifF(1411-117114 fffz11 AR4if I F. No. 4(1)-W & M/2009 (i).—Government of India
Sircrifff 4R.71-zr gRr **@ hereby notifies sale (re-issue) of '6.35 per cent Government
Tk7 4 7TT1 ft* AR,ir I 4R71zr ft44 4.r, 744r Stock, 2020' (hereinafter called 'the Stock') for an
aggregate amount of Rs. 3,000 crore (nominal). The sale
41, 344--ar si1444, ac,R*-Ijum -(3-4-414F -(*7
will be subject to the terms and conditions spelt out in
3371* 419,4zilostl NAHT a tar, i4Tf* 79*
this notification (called 'Specific Notification') as also
giktfeql Trzri t I 11-q4 7rrt
the terms and conditions specified in the General
cm-f *49--rt -*t 4ar Notification F. No. 4 (13)-W&M/2008, dated October
-51**-914* it-8Ti* 77* -10 317: Via, 3T2Tar 8, 2008 issued by Government of India.
SITdriTt* *1 aTsrfdAtrq*-17**t faf-47t4
Method of Issue
A44 z4* Igr4 aftt t i1l1t1 1..M (511 4
The Stock will be sold through Reserve Bank of India,
vlHl tI4ai ft 41-7r* (3 Mumbai Office, Fort, Mumbai- 400 001 in the manner as
A Te-ir &plc I .4g f7-47r** 3T-14g TrT iltRT
prescribed in paragraph 5.1 of the General Notification
1T7 T ciik-tiFcil, to4 4 *1 liatt F. No. 4 (I3)-W&M/2008, dated October 8, 2008 by a price
Tzrlwrzi based auction using uniform price auction method.
77 i* 3121T Triztfrt* slot *T dcRtAcci Allotment to Non-competitive Bidders
'PT 77T* *t 1 3-1-417/171 The Government Stock upto 5% of the notified
4KT-41--dzif a t **-{, ilw*-1 541-6,-f741*r amount of the sale will be allotted to eligible individuals
3-d-TnTr f-444*1- -fen tri" 4,14 fq-4--A1 131-9T and institutions as per the enclosed Scheme for Non-
TET f** AR4if 1 competitive Bidding Facility in the Auctions of Government
‘, Securities (Annex).
31.23* TOT* s1tit 3174 717*I*1 a6 tlar
Place and Date of Auction
r.-K e96 mrti :th t,A n4 cmforl/
/4-qT TriTR * Ttr 4 71:m *-{ A*4 t The auction will be conducted by Reserve
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
-t41*-147W-17T47-rrftm*IwA*-ttzir
February 5, 2010. Bids for the auction should be submitted
-art*t* 3179 *I 'tTO 0,:r in electronic format on the Negotiated Dealing System
4 qtf Sitifazii TT atTcrl f444 (NDS) on February 5, 2010. The non-competitive bids
.501Tql 411 tr, 44, trr -srritrr* slot should be submitted between 10.30 a.m. and 11.30 a.m. and
the competitive bids should be submitted between
717* gRI 04 9FiTht-t -Tit 4 r-iii+4 fe2.174 -8.7ifd9
10.30 a.m. and 12.30 p.m.
*fT7 1411 I
When Issued Trading
9. Tchl-fr-dzil v117 I-7ft The Stock will be eligible for "When Issued" trading
32IT gc1icil/4+i1Y1-174qT wiTr4 * 64 47*-1 A in accordance with the guidelines issued by the Reserve
ITT1d-F N6-ci ch+.4*1 4,14-311TrA, X14, 7111;1T7Tfrt* Bank of India.
s 1t Flu 1,11611* T-1121 .q Tint* 3T It Tenure
iTTft a1 Aitt41 I et-t,l(g-114 f* 314 The Stock will be of seventeen-year tenure
riinti, f4fil4,kur 77:171 Tif-rro- commencing from January 2, 2003. The Stock will be repaid
at par on January 2, 2020.
f4 ar AfriT -*Fg7 zrr -grg*1 T1 -10 fit
Date of Issue and Payment for the Stock
The result of the auction shall be displayed by the
V. 4*-13t1T -5r ms114* c. iTR71-zrfT-1 ( 4a, )
Reserve Bank of India at its Fort, Mumbai Office on
4 777- t-140-1 T1 T1I411-77 **91* i-1-11 Tt 46if97 February 5, 2010. The payment by successful bidders will
Td9T14liifT7 t 33747 4*i-597*T-4'r .141 be on February 8, 2010, i.e., the date of re-issue. The
payment for the Stock will include accrued interest on the
sircs-4twf TTT nominal value of the Stock allotted in the auction from
31119 cKT-Ilt, 911 311 r 611, the date of last coupon payment, i.e., January 2, 2010 to
Aefk f*TrT 3IN4if 1 February 7, 2010.
[ 4-TRI I—qSIU5 1 ] gird 7-1 t1s145l : 31141ITTu1 7
8. Interest Each Bank or PD on the basis of firm orders
Interest at the rate of 6.35 per cent per annum will received from their constituents will submit a
accrue on the nominal value of the Stock from the date of single consolidated non-competitive bid on behalf
last coupon payment and will be paid half yearly on of all its constituents in electronic format on the
July 2 and January 2. Negotiated Dealing System (NDS). Except in
By Order of the President of India extraordinary circumstances such as general
SHAKTIKANTA DAS, Jt. Secy. failure of the NDS system, non-competitive bid in
physical form will not be accepted.
ANNEX
Allotment under the non-competitive segment to
Scheme for Non-Competitive Bidding Facility in the
the bank or PD will be at the weighted average
Auctions of Government Securities
rate of yield/price that will emerge in the auction
Scope : With a view to encopraging wider
on the basis of the competitive bidding. The
participation and retail holding of Government Securities it
securities will be issued to the bank or PD against
is proposed to allow participation on "non-competitive"
payment on the date of issue irrespective of
basis in select auctions of dated Government of India (GoI)
Securities. Accordingly, non-competitive bids upto 5 per whether the.bank or PD has received payment
cent of the notified amount will be accepted in the auctions from their clients.
of dated securities. The reserved amount will be within the In case the aggregate amount of bid is more than
notified amount.
the reserved amount (5% of notified amount), pro-
Eligibility : Participation on a non-competitive rata allotment would be made. In case of partial
basis in the auctions of dated Gol Securities will be open to allotments, it will be the responsibility of the hank
investors who satisfy the following :
or PD to appropriately allocate securities to their
I. do not maintain Current Account (CA) or clients in a transparent manner.
Subsidiary General Ledger (SGL) account with the
In case the aggregate amount of bids is less than
Reserve Bank of India.
the reserved amount, the shortfall will be taken to
Exceptions : Regional Rural Banks (RRBs) and competitive portion.
• Co-operative Banks shall be covered under this
Security would be issued only in SGL form by
Scheme in view of.their statutory obligations.
RBI. RBI would credit either the main SGL account
make a single bid for an amount not more than or the CSGL account of the bank or PD as
Rs. two crore (face value) per auction. indicated by them. The facility for affording credit
to the main SGL account is for the sole purpose of
submit their bid indirectly through any one bank
servicing investors who are not their constituents.
or PD offering this scheme.
Therefore, the bank or PD would have to indicate
Exceptions : Regional Rural Banks (RRBs) and clearly at the time of tendering the non-
Co-operative Banks that maintain SGL account competitive bids the amounts (face value) to be
and current account with the Reserve Bank of credited to their SGL account and the CSGL
India shall be eligible to submit their non- account. Delivery in physical form from the main
competitive bids directly. SGL account is permissible at the instance of the
investor subsequently.
Coverage : Subject to the conditions mentioned
It will be the responsibility of the bank or the PD
above, participation on "non-competitive" basis is open
to pass on the securities to their clients. Except in
to any person including firms, companies, corporate bodies,
extraordinary circumstances, the transfer of
institutions, provident funds, trusts, and any other entity
securities to the clients shall be completed within
as may he prescribed by RBI. The minimum amount for
five working days from the date of issue.
bidding will be Rs. 10,000 (face value) and thereafter in
The bank or PD can recover upto six paise per
multiples in Rs. 10,000 as hitherto for dated stocks.
Rs. 100 as brokerage/commission/service charges
Other Operational Guidelines : for rendering this service to their clients. Such
costs may be built into the sale price or recovered
1. The retail investor desirous of participating in the
separately from the clients. In case the transfer of
auction under the Scheme would be required to
securities is effected subsequent to the issue date
maintain a Constituent Subsidiary General Ledger of the security, the consideration amount payable
(CSGL) account with the bank or PD through by the client to the bank or PD would also include
whom they wish to participate. Under the Scheme, accrued interest from the date of issue.
an investor can make only a single bid in an
Modalities for obtaining payment from clients
auction of a dated security. An undertaking to
towards cost of the securities, accrued interest
the effect that the investor is making only a single wherever applicable and brokerage/commission/
bid will have to obtained and kept on record by service charges may be worked out by the bank
the bank or PD. or PD as per agreement with the client. It may be
8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. I ]
noted that no other costs such as funding costs Mrt dri .tg ath .wcf, * fry liTrdm
should be built into the price or recovered from t9-4. aT -fiatrri `4-1-R -d17/ ftii gRf 374 th"‘"
the client.
ftztTff chiqic-v-i -4 5 T77(1, 2010 " •-stcflru 1-4,4r AITIr
Banks and PDs will be required to furnish
7 . -gRT lyrdri 8 t67#1, 2010 apik Tif4/14
information relating tooperations under the Scheme to the k"14 0 w1M1cIdr311
Reserve Bank of India (Bank) as may be called for from m-117 *r f-*-FTE ssikkgr roq, 74-0 4 t-orit 4
time to time within the time frame prescribed by the Bank. 37-4t-J-/tr*--*- alf*T -417r TR, aff--Tr -4*ftt
The aforesaid guidelines are subject to review by A 342415 3-171, 2009 A 7 Lotoa, 2010 It, ki-Vv;11-
the Bank and accordingly, if and when considered 71Tirf 5 111
necessary, the Scheme will be modified.
tx.iizt
aarq-4--qr 31M-14 01.0-f 9Tr-d-R Trq TR
fsrk-il, 28, 2010 8.24 -91--17rd Trf-d-9-4 7 14 Gq1,31 *r1T INT 7=r+-1
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31T-4a-4 Rhqr Aiv.flr 131f-Trw 3114a-41*i114-K44, NOTIFICATION
•=1) 3T -T ArttriT ,s1o4*r ,iTItClrLICII 41( New Delhi, the 28th January, 2010
.qg. 31i* WGI*4 slfd9 a r 3faa 33r-474
Auction for Sale (Re-issue) of '8.24 per cent
Government Stock, 2027'
#14TrA fi-f1t 0 71 SIR tlfxrT1 *-4
F. No. 4(1)-W & M/2009(ii).---tioyernment of India
1)411 *-141744%-ri ilpT F1 fo* ssIIII!ir I
hereby notifies sale (re-issue) of '8.24 per cent Government
Atilt *1 ftw4 4,16 7tT *-47 Stock, 2027' (hereinafter called the Stock') for an
rchqf Alq,111 I 9-TIC4q ft44 '4W T(4 zrr aggregate amount of Rs. 2,000 crore (nominal). The sale
PT 3Tm-r SIT2TFIT* 51c-tt *11car 7TtC17 will be subject to the terms and conditions spelt out in
3TMT (-11 ,111-1 741 i4rf* -3-4* this notification (called 'Specific Notification') as also
'grTI f9-41 fair wr q,flsT11(4 1014 4 4-ir the terms and conditions specified in the General
Notification F. No. 4(13)-W&M/2008, dated October
a,(4 f-idxica
8, 2008 issued by Government of India.
7*-440 ufl -4*- 11d.<41 1317: 4 344-1r
2. Method of Issue
-9rg14*trml *I 33711-70 -q)rf-d-**- f-if*q
The Stock will be sold through Reserve Bank of India,
s711Nci Turd afr( 4§10
Mumbai Office, Fort, Mumbai- 400 001 in the manner as
AHE 6.1 •414 Trivr711 (33f*-ff -17r) 1 Apsa
prescribed in paragraph 5.1 of the General Notification
A Te* 4ir 1w7 4 fir* 394tr -iw:r
F. No. 4 (13)-W&M/2008, dated October 8,2008 by a price
we gttriraa TEr 4 *1. Tr‘
based auction using uniform price auction method.
4--*rzi*
7)28 c1.1')\ —3
10 THE GAZETTE OF INDIA : EXTRAORDINARY I PART I SEC. I I
Allotment to Non-competitive Bidders Exceptions : Regional Rural Banks (R_Rfiks) and
Co-operative Banks shall be covered under this
The Government Stock up to 5% of the notified
Scheme in view of their statutory obligations.
amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for Non- make a single bid for an amount not more than
competitive Bidding Facility in the Auctions of Government Rs. two crore (face value) per auction.
Securities (Annex).
submit their bid indirectly through any one bank
Place and Date of Auction or PD offering this scheme.
The auction will be conducted by Reserve
Exceptions : Regional Rural Banks (RRBs) and
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
Co-operative Banks that maintain SGL account
February 5, 2010. Bids for the auction should be submitted
and current account with the Reserve Bank of
in electronic format on the Negotiated Dealing System
(NDS) on February 5, 2010. The non-competitive bids India shall be eligible to submit their non-
should be submitted between 10.30 am. and 11.30 am. and competitive bids directly.
the competitive bids should be submitted between 10.30
Coverage : Subject to the conditions mentioned
a.m. and 12.30 p.m.
above, participation on "non-competitive" basis is open
When Issued Trading
to any person including firms, companies, corporate bodies.
The Stock will be eligible for "When Issued" trading
institutions, provident funds, trusts, and any other entity
in accordance with the guidelines issued by the Reserve
as may be prescribed by RBI. The minimum amount for
Bank of India.
bidding will he Rs. 10,000 (face value) and thereafter in
Tenure
multiples in Rs. 10,000 as hitherto for dated stocks.
The Stock will be of twenty-year tenure commencing
from February 15, 2007. The Stock will be repaid at par on Other Operational Guidelines :
February 15, 2027.
The retail investor desirous of participating in the
Date of Issue and Payment for the Stock
auction undei. the Scheme would be required to
The result of the auction shall be displayed by the
maintain a Constituent Subsidiary General Ledger
Reserve Bank of India at its Fort, Mumbai Office on
(CSGL) account with the bank or PD through
February 5, 2010. The payment by successful bidders will
whom they wish to participate. Under the Scheme,
be on February 8, 2010, i.e., the date of re-issue. The
an investor can make only a single bid in an
payment for the Stock will include accrued interest on the
auction of a dated security. An undertaking to
nominal value of the Stock allotted in the auction from
the effect that the investor is making only a single
the date of last coupon payment, i.e., August 15, 2009 to
bid will have to obtained and kept on record by
February 7, 2010.
the bank or PD.
Interest
Interest at the rate of 8.24 per cent per annum will Each bank or PO on the basis of firm orders
accrue on the nominal value of the Stock from the date of received from their constituents will submit a
last coupon payment and will be paid half yearly on single consolidated non-competitive bid on behalf
February 15 and August 15. of all its constituents in electronic format on the
By Order of the President of India Negotiated Dealing System (NDS). Except in
SHAKTIKANTA DAS, Jt. Secy. extraordinary circumstances such as general
failure of the NDS system, non-competitive hid in
ANNEX
physical form will not be accepted.
Scheme for Non-competitive Bidding Facility in the
Auctions of Government Securities Allotment under the non-competitive segment to
Scope : With a view to encouraging wider the hank or PD will be at the weighted average
participation and retail holding of Government Securities it rate of yield/price that will emerge in the auction
is proposed to allow participation on "non-competitive" on the basis of the competitive bidding. The
basis in select auctions of dated Government of India (Got) securities will be issued to the bank or PD against
Securities. Accordingly, non-competitive bids up to 5 per payment on the date of issue irrespective of
cent of the notified amount will be accepted in the auctions whether the bank or PD has received payment
of dated securities. The reserved amount will be within the from their clients.
notified amount.
Eligibility : Participation on a non-competitive In case the aggregate amount of bid is more than
basis in the auctions of dated Got Securities will be open to the reserved amount (5% of notified amount), pro
investors who satisfy the following : rata allotment would be made. In case of partial
1. do not maintain Current Account (CA) or allotments, it will be the responsibility of the bank
Subsidiary General Ledger (SGL) account with the or PD to appropriately allocate securities to their
Reserve Bank of India. clients in a transparent manner.
1,1110 II