Union Government, Extraordinary, 2006-01-04, Part I-Section 1, Ref. 4 (2)-W & M/2005

0.29 MB·English

by  Government of India

BED. NO.D L049

ie se eases

Jd

The Gazette of Gudia

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SURSTRY OF TINANCE
‘Department Hewat Altar)
ude ean
NOLIFTCAION,
New Det he tray, 2085
Ain ar Sale (Rest) af 9.39 peer Government Stic, 781)"
¥, Nat @}WAMU2008: Governmen: of Tadia hereby atifas sale (tissue) of “9.39 per oant
Govenunent Stock, 2011" for an aggreeate amount of Rs, 6,000 sieve (nominal, The sale will he
subject 1 the ene nd canition spel aut a fs niicaticn (called “Specific Nn fcation’) az alsa
fhe tems aid eandtions specified inthe Genoral Nuliicaim T Not (9) W&M/2000, dated May 6,
‘N02 nsued hy Cluvernment of lia ws meted {om tne to time,

‘Method of ue
The Grvammant Siock will he soi through Reserve Bank of India, Mumbai Ofliug Rot,
Mumba 400 001 im the marmer as prescrited in paspruph 5.1 of the Genera Notification F Not
EWEM2000, dated 6 Moy 212 by a price based uueion using elite prize auction method,
Ports

SHREK NEOEINDIA OR:

ve

10% nf the wified amount of the sale wil be allotted wy eligible
indefdvals and inaiutious as pea dhe enchwed Shean for Non-competrve Bidding Paley i the
AucHcow of Guyernurem Seven (Aces),

j Plu agd date of suction
‘© Pie aucrion wil be exnducted ty Reserve Hank of India, Mumbai Office, Fry Murabai-406 D1

ca Housry 9, 2006, Tae application form duly fled in with the Nis shotld He submited 10 che
aanehid ffi on January 9, 2006, by 12.30 2M,

Fic Stock writ he oft year tecure wammensing (rom July 2, 2001. The stouk wil be zepaid at
tly 2, 2011

resulc ofthe ancuon salt bo displayed by the Reserve unk af idip al ts Fort, Mua
ie ca January 9, 2106. The payment by successful bidders will be wo Jawuary 1D, 006, Le, the
ate ack wil clade aged, nts ob te pial value of he
Seg tie tat coupon paunent dace, ie, Jamary ® 20 ty lamas 9,
2008

Intesr
7. finerest of the rate uf 9.39 per cent per anatim will accrve op the norainal vali of the Stoek tion
‘the date of kat yaupon payment and will be paid ball yearly on July 2 aad January.

Ur Onder tlhe Pendent of nia,
| LM VAS, 2 Sex:

ANNEX

Now: ve Bidding Sactiy in the Auctions of Government Secur
1. [ Seope: With a view to cncouraging wider participation and reall Holding of
Goudnment securities ix is proposed to allow participation on "acm-comptetiive” basis in
elec] suctions of dued Gavermeat of India (GON seeurtiss. Adpordingly, nore
‘conn {titive bids 1p fe $ per cent af the notified amount will be accepted in the auetions of
date securities. The renerved amount will be within the ootified ammount.

1. , Ellgibitiy: Pavusipation on a nor-cnoipoitive busis it the auctions of dared GOL
Securities willbe open to invests who satily the llbowiny

| 1 do rit muintain current woounn (CA) or Subsidiary Ciemeral Tedyer (SC)
seeount withthe Resorve Hank nf Cadi

i Recyptions: Regional Rural Beaks (RBS) and Co-opora
: under this Schetie in view of thelr statutory obligations

Trauks shull be covered

| 9, amke w single bid for us amover not more thu Rs, we ere (face vnc) per
auction,

3. subunit thie bid ftrecrytheongh any one bk. or PLY o ering fis sehere:
Enceprions, Regignsl Rural Burks (RRBs) and Co-operative Bouks thar maintain

i ‘SGI. account and curreut accowst wilh the Reserve bank of India shall be eligibie co
subroit thei non competitive bids ditecty

4
Smee sree

IIL. Coverage: Sobject to the conditions ntentioned abe, pusticipatian on “pon
competitive” hasis is open to any person including firms, companies, corporate bodes,
institutions, provident funds, treats, and any olfar entity as may be prescribed by RPT, “The
tmitiinum amount for bidding wall be Rs, 10,000 (fuse value) and thereafter in maliigles in
Rs, 10,000 as hitherto foe dated stocks,

1V.. Other Operational Gp

}Ttowlll nof be mandatory for the retail investor 19 maintain a constituent subsidiary
sgensral tedger (CSGL) avcount with te bank ys PD through whow! they wish to paticipate,
However, an invester van make only a single hid under this scheme. An undertsking to the
fleet that the investar is making only a single bid will have lo he obtained aud Kept cn
record by the bank or PD. :

2, Bach bunk or PD on the basis of firm orders ruvefved from cheir constituents may
submit application -wise bids through NDS, ‘The firin orders received from others (Le.
‘non-constituests) may be sabmitted im physieal application forms 0 the PDO. The
physica] upplicalion may-be a single bid for che aggregate amount af ail dhe costmers,
Particulars of individual customer viz. name and amount shall be provided a1 an Annex
1 the bid. a

a Allounent under the non-competitive segment 10 the bank or PD will Basar the
weighted average cate of yieldiprice chal witl emerge in the avtiva on the basis of che
competitive bédding, The secures will be issoed lo fhe bank’ or PD against payment on the
date of isu irespective of whether the bau oe PD has reczived payment stom their clients.

4 In case the aguregate amount of bid is more than the ceverved amount (5% of
‘olified araount), pro saa allowmamt would be made. in case of partial allotment, it Will be
the respomsiifily vf the bunk or PD ta apprapeiately allocate securities o thaiz clients in a
‘wangparent manner,

S.__tnease the aggregate amount of Bids i less than the rexerved amownt, the sbytfll
‘ill be caken lo competitive portion,

6. Sscurty would be issued only in SGE. form by RDBL RBI would crit either the main
SGL sevount or the CSGL aecount of the bank or PD as indicated by them. ‘The facility For
aonding credit to the main SCE atoount is forthe gole purpose of servicing investors who
sre not theft constinents. Thereare the bunk er PD wonlé have to indicate olcaly at the
time of tendering the noo-ermpcitive bids Hie amunls fface value) 10 be credited to their
SGT, uccount and the C84. aucoimt. Delivery in physical form from the main 8G. aevount
is permissible atthe iastaice ol the favestor sulbyequontty

7. twill be the sespousibility ofthe bank oF ihe PDD oo pass on the securities 0 theit
cliems, Except in extraordinary ciscumstances, tho wansier of securities t2 the elfeuts shall
‘be counpleted within five working days rim the date of issue,

8. The bank or PP can recuver upto six pais per Rs100 as brokeragelcommission/service
charges for rendering tis serviog tw dir elients. Such oosts may be bull into the sale price
for seeavered separmely item th clients, In ease the wansfer of securities is effected
subsequent lo the tsane date ofthe sevurly, the consideration amaunt pavyble by the cleat la
{he bank or PD would also include aeerued tatcrest from the date of tau,

Be Gifed om
THE GAZETTE CEINDIA :EXTRSORDINGIY Yoet Suet

Moule lor obtaining payment fom cleats cowards cost of the socuities, accrued
ifporost wherever applicable und brokerageeoremissianiservice charges may be waked cut
‘te bank at PD as per ugreement with the cis, IWimay be notod that wo othee casts such
funding costa sbauld be built into the price oe recovered from the ciont,

Baiks and PDs will be wquized to funisl information relating to operations wader the

feheme to the Reserve Bank of India (Bank) as may be calle fr fw Gime tinue widhin
‘ime Fsene prescribed by the Bak.

1. Thp aforesaisl sideline’ ace subject ta review by the Thank and accordingly, ifand when
mnsidred neeessry, the Scheme will be modified

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| NOTICATION

Now eli, eh acuary 20

Auction for Sale Re Fut

per eat Govermment Sek, 38
¥] Nos (ry warM/na0sey: Coserameo! of India hereby aoifes gale (reissue) of °7.40 per veut
Gpvemment Stock 2035" fur an aggregate smunt uf Re. 4.000 crore (aotnitaD, The sale wil be
fbr tho teens and conditions spelt rat in is noiticain (called “Specie Nevifintin'} as la
1H teag und eamdiline specified ia the Gensral Nolipalian F No 4 (9}-W&N42000 gated May 6,

2 sped hy Goverment of Inia 1: amended fom sac ws me

thot Taye
‘The Gevernincet Steck will be sold through Roperve Henk of lia, Mumbai Cie, Fert, Mabe
O01. in tho magne a8 prscriod in patagaph 5.) of the General NotsBcatin F No.4 (2)

S204 des 6 May 2000 by t pre nel ation using mullinle rive ation aeties.

osmugpt to Non-compestive Bidders
3] Gaveranent Stock up ta § % of the notifies! nearumt af the ssle wil be allotted ts figible
‘ifdividapls and insliltons ax per Oe enckoel Seheme for Non-corapelilive Bidding Pav in the
Auctions of Gaveroruent Securities (Anne),
Mumbai Office, Fort, Mumba. 400 901
tn Jannat 9, 2005, The application Ferm duty Filed iy wilh the bids sould be submited 10 the
‘forest afficeon Samay 9, 2006, by £230 P.M.

Tenure
5 The Stock-wil bo of titty year senure commencing from September 9; 2005. The-slack will be
‘pal at par on Soptorober 9, 2035,

ale of woe upd padnsent for te seek,
6 The sorta the anction shall be displayed by the Reserve Bank of India a its Fort, Mumbai
office ou Janus 9, 2006."The pryment by suroestul biddors Wl be on January 10,200, i, the
date of issue. Tho payment for the Stock will inet goerund intrest of the noting valve ofthe
‘Sovtallod jn the ayction trom te date of eomnshvenment of tenure ofthe Stock ue; Semarber 9,
£2005 to January 9, 2006. .

oferens
7. Inter at erate of 7.80 pet oeat per annum will crus on the yomtaal valve of De Stock frm
the dat of eoumiencomett of tenare oF the Sticke and will be’ paid half yearly on! Misch" and
Sepiomter9, Es

‘By Omer ofib Preisent fina,
LM VAS, Soe:

I, Scape: With a view to encoumging wider participation and egal! holding of
Government securities itis proposed 10 allow participation on “nomcompeive” basis in
select. suctions of dated Goverment of India (GOW) secunties, Accordingly, non
competitive bids ap ve 5 per cent of the notified wmount will be accepted in the anctuns of
sed weurites, The reserved amount will be within the notified amount,

B,—Elgsitey: Participation on 2 nonicompeive tasis in the actions of ted GOT
Seetrities will be open a ivewtrs wh sai the following

1. do not rrsintain curent socount (CA) or Subjidinry General Ledger (SCL)
account with the Reserve Bank of lia,

Exceptions: Reyiemal Roral Banks (RRBY) anu Co-operalive Banks shall be covered
‘under this Scheme in view of theie stanmory obliyations,

2. make a single bid for at. atsount not mote than Rs, two ctoté (faee vac) por
auction,

3. submit theit bid auficecity through any <ine hank of PL iallering this soheme,

Feceptions: Regional Rural Banks (RRBs) aad Co-operntive Banks that-maintsia
SGT account and erent aceount with the Reserse bank of lia shall he clighble fo
sabi Their oom corapetiive bid directly,

be GE fub-3
ese ie

AIL) Coverage: Subject to the conditions meationcd stove, particjestion oa “none
confpettive’ Basis is upen tw any person including firms, companies, eerperate bodies,
insfrutions, provident funds, trusts and any other entity as may be quescribed by RBI The
‘minima amaunt for bidding will be Rs, 10,000 (lace value) and dhereafler in mltiples in
es. 10,000 2 hitherto for data stocks f

Other: ial Guidelines i

f: | Tvl mot be mandatory for Ibe retail investor to mainlain « constituent subsidiory
H ledger (CSGL) account with the bank ot-PD through whom they wish to perticipate
toxfever, an investor can make only a single bid under this scherie. An dnvleraking to dhe
H Us the Investor is making only a single bid will huve to be obWinud and kepl
reodfd by the tank or PD,

2._| tach bank or PD om the bass of firm orders received from their tonstituents may
‘sabhit upplication -vite bids through NDS. The firm orders received froma others (4c
noafcomsituents} may be submitted in physieal application forms tf the IDO. the
pylcal application many be single bid for tbe aggregate amouut ofa ie customers
Partcolars of individual customer via. name and amount shalt he provifed a8 am Amnex
to te bia.

3. | Allotment under the sun-enmpetiive segment to te bank ot Pib will be at the
weicthed average ste of yieldiprice ther wil emerge in the auction an fhe basis of the
Jcompptitive bidding. The sevurtis witl be isvwed to the bank ar?) against payment on the
issue imespevtive of whether the bunk or PD has received payment from ther cliems

In case the aggregate amount of bid ie more than the reserved amount (5% of
rf amoum, pro rata allotment Wild be made. In case of Patil alotiacnt,it wil be
onkibitey of the baak ox PN te spproptistely allocate socuriies tu their lions in a
hent seer,
frvoase the aggregate amount of bids is less than the mescrved an the stort!
i bb taken tn competitive portion, |

$._Recurly world be issued only in SCL fom by RBL RB] would ereileither de main
{GL gecount or the CSGL accoom of the bank or PD ns indicated by thea, ‘The facility for
[fforting credit co the main SGI. account is for the sole pumpose of servicing investors who
10 Hof their constiqenty: Therefore, the bank or PD would have ta indicale clear at the
fame of tendering the namoainpetitive bids dhe amounts fface valve to be dredived.to theie
Gi, unt nd dhe CSGL account. Delivery in physical form Gram the rosin SGL account
fs perbisible at abe instance of the Znvestor subyequently

7. [twit te the responsibilty ofthe bank or the ED.to puss oa the sequrtos vo heir
Hienis| Taeept in extruoedizary cixcumsances, the uanafer of seeuries to the lint shall
conlpfeed within ive wooking days from the date of issue.

c hunk or PD can reoover upes six paise per Rs 100 as beokerage/cnmtaission/seeviee
for rendering tis service to thait clients. Suck costs aay by built imp dhe sale price

cfvered separately trom the cliems, la case the transfer of securities iv etecled

bsoopent othe issue dae of te security he consideration moun payable py ke ellen to
bute or PD would abe include aecraed imercst from the dete af sau,

I |