See Full Document Text
jftLVªh löa Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx I—[k.M 1
PART I—Section 1
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
l-a 108] ubZ fnYyh] lkseokj] vizSy 28] 2014@oS'kk[k 8] 1936
No. 108] NEW DELHI, MONDAY, APRIL 28, 2014/VAISAKHA 8, 1936
foÙk ea=kky; 4- uhykeh dk LFkku ,oa rkjh[k
;g uhykeh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;] iQksVZ]
(vk£Fkd dk;Z foHkkx)
eqEcbZ&400001 }kjk 2 ebZ] 2014 dks lapkfyr dh tk,xh A
(ctV izHkkx)
uhykeh grs qckfsy;k aHkkjrh; fjto ZcdaS dkjs c¯Sdx lkYs ;'w ku (b&Z dcq js )
vf/lwpuk
iz.kkyh laca/h bysDVªkWfud izi=k esa 2 ebZ] 2014 dk siLz rrq dh tkuh
ubZ fnYyh] 28 vizSy] 2014 pkfg,aA vizfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls iwokZÉ 11-30 cts
ds chp vkSj izfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls nksigj
^^8-35 çfr'kr ljdkjh LVkWd] 2022** dh fcØh
12-00 cts ds chp izLrqr dh tkuh pkfg,a A
(iqu£uxZe) ds fy, uhykeh
5- dc fuxZfer dkjksckj
iQk- la- 4(4)Мw ,.M ,e@2014-—Hkkjr ljdkj
;g LVkWd] Hkkjrh; fjtoZ cSad }kjk tkjh fn'kkfunsZ'kksa ds
,rn~}kjk 4]000 djksM+ #i, (vafdr) dh dqy jkf'k ds fy,
vuqlkj] ^dc fuxZfer* dkjksckj ds fy, ik=k gksxk A
^^8-35 izfr'kr ljdkjh LVkWd] 2022** (ftls blesa blds ckn
6- vof/
^LVkWd* dgk x;k gS) dh fcØh (iqu£uxZe) vf/lwfpr djrh gS A
;g LVkWd 14 ebZ] 2002 ls izkjEHk gksdj 20 o"kZ dh vof/
;g fcØh bl vfèklwpuk (ftls ^fof'k"V vf/lwpuk* dgk x;k gS)
ds fy, gksxk A bl LVkWd dh pqdkSrh 14 ebZ] 2022 dks leewY; ij
esa mfYyf[kr 'krks± rFkk Hkkjr ljdkj }kjk tkjh lkekU; vf/lwpuk
dh tk,xh A
iQk- la[;k 4(13)Мw ,.M ,e@2008] rkjh[k 8 vDrwcj]
7- fuxZe dh rkjh[k vkSj LVkWd ds fy, Hkqxrku
2008 esa fu£n"V 'krks± ds v/hu dh tk,xh A
uhykeh dk ifj.kke Hkkjrh; fjtoZ cSad }kjk vius iQksVZ
2- fuxZe dh fof/ fLFkr eqEcbZ dk;kZy; esa 2 ebZ] 2014 dks izn£'kr fd;k tk,xkA
bl LVkWd dh fcØh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;] liQy cksyhnkrkvksa }kjk Hkqxrku 5 ebZ] 2014vFkkZr~ iqu£uxZe dh
rkjh[k dks fd;k tk,xk A LVkWd ds fy, Hkqxrku esa uhykeh esa
iQksVZ] eqEcbZ&400001 ds ekè;e ls rkjh[k 8 vDrwcj] 2008 dh
vkcafVr LVkWd ds vafdr ewY; ij] vafre dwiu Hkqxrku dh rkjh[k
lkekU; vf/lwpuk iQk- la[;k 4(13)Мw ,.M ,e@2008 ds
ls vFkkZr~ 14 uoEcj] 2013 ls 4 ebZ] 2014 rd] izksn~Hkwr C;kt
iSjk 5-1 esa ;Fkk&fu/kZfjr rjhds ls leewY; uhykeh fof/ dk iz;ksx
'kkfey gksxkA
djrs gq, ewY; vkèkkfjr uhykeh }kjk dh tk,xh A
8- C;kt
3- vizfrLi/hZ cksyhnkrkvksa dks vkcaVu
vafre dwiu Hkqxrku dh rkjh[k l s LVkdW d s vfadr eYw ; ij
ljdkjh izfrHkwfr;ksa dh uhykfe;ksa esa vizfrLi/hZ cksyh nsus 8-35 ifzr'kr ifzro"k Zdh nj l sC;kt ikzns ~Hkrw gkxs k rFkk bldk Hkxq rku
dh lqfo/k dh layXu Ldhe (vuqca/) ds vuqlkj] fcØh dh v¼&Z okf"kdZ vk/kj ij 14 ebZ vkjS 14 uoEcj dk s fd;k tk,xk A
vfèklwfpr jkf'k ds 5 izfr'kr rd ljdkjh LVkWd ik=k O;fDr;ksa Hkkjr ds jk"Vªifr ds vkns'k ls]
vkSj laLFkkvksa dks vkcafVr fd;k tk,xk A MkW- jtr HkkxZo] la;qDr lfpo
1781 GI/2014 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
vucq /a lksY;w'ku (bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa
ljdkjh izfrHkwfr;ksa dh uhykeh esa vizfrLi/hZ cksyh vius xzzkgdksa dh vksj ls ,d ,dy lesfdr vçfrLi/hZ
lqfo/k Ldhe cksyh çLrqr djsxk A vlk/kj.k ifjfLFkfr;ksa] tSls Hkkjrh;
fjto ZcdaS dkjs c¯aSdx lkYs ;'w ku (b&Z dcq js ) ç.kkyh e aslkekU;
I. dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj
xMc+ Mh+ dk sNkMs d+ j] HkkfSrd :i e asvçfrLi/h Zckys h Lohdkj
[kqnjk /kfjrk dks izksRlkgu nsus dh n`f"V ls Hkkjr ljdkj dh
ugha dh tk,xh A
fnukafdr izfrHkwfr;ksa dh p;fur uhykfe;ksa esa ¶vizfrLi/hZ¸ vk/kj
ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rn~uqlkj] 3- cSad vFkok izkFkfed Mhyj dks vizfrLi/hZ [kaM ds v/hu
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr vkcaVu izfrykHk@dher dh ml Hkkjkaf'kr vkSlr nj ij
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k gksxk] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
vf/lwfpr jkf'k ds vUrxZr gksxh A vk,xh A bl ckr ij è;ku fn, fcuk fd cSad vFkok
izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa
;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A
tks fuEufyf[kr 'krks± dks iwjk djrs gSa %
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok 4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k (vfèklwfpr
lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa_ jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr vkcaVu fd;k
tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g cSad vFkok
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
izkFkfed Mhyjksa dk nkf;Ro gksxk fd og vius xzkgdksa dks
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ rjhds ls djsa A
v/hu 'kkfey fd;k tk,xk A
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
dks izfrLi/hZ Hkkx esa 'kkfey fd;k tk,xk A
jkf'k ds fy, ,d gh cksyh yxkrs gSa_
3- tks ;g Ldhe iznku djus okys fdlh ,d cSad vFkok 6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa
izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
izLrqr djrs gSa A vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
lh,lth,y [kkr se astek djxs k] tlS kfd muds }kjk fun'Zs k fn;k
viokn % ,sls {ks=kh; xkzeh.k cdaS (vkjvkjch) rFkk lgdkjh
x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
cSad tks Hkkjrh; fjtoZ cSad esa ,l-th-,y- [kkrk vkSj pkyw
,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
[kkrk j[krs gSa] viuh vizfrLi/hZ ckfsy;k as dk s iRz;{k :i ls
?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks
iLz rrq dju s d s fy, ik=k gkxas s A
vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y
III. O;kidrk % mi;DZq r 'krk ±s d s v/hu ¶vifzrLi/h¸Z vk/kj ij
[kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa
iQek±]s dEifu;k]as fuxfer fudk;k]as lLa Fkkvk]as Hkfo"; fuf/;k]as U;klkas
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa
vkjS Hkkjrh; fjto ZcdaS }kjk ;Fkk&fu/kfZjr fdlh vU; dEiuh lfgr
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod
fdlh Hkh O;fDr d s fy, Hkkxhnkjh [kyq h g S A ckys h nus s dh U;uw re
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A
jkf'k 10]000 #i, (vfadr eYw ;) vkjS mld s ckn 10]000 #i, ds
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
x.q ktk as e as gkxs h tlS k vc rd fnukfadr LVkdW d s fy, g S A
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks
IV. vU; izpkyukRed fn'kkfunsZ'k %
NksM+dj] xzkgdksa dks izfrHkwfr;ksa dk varj.k fuxZe dh frfFk
1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
ls ikap dk;Z fnolksa ds Hkhrj iwjk fd;k tk,xk A
ftuds ekè;e ls os Hkkx ysuk pkgrs gSa] ds ikl ,d la?kVd
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds
lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj
gksxk A dksbZ Hkh fuos'kd bl Ldhe ds v/hu fnukafdr
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk
ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr
cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed
tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls
2- vius xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd
mifpr C;kt 'kkfey gksxk A
cSad vFkok izkFkfed Mhyj Hkkjrh; fjtoZ cSad dksj cSa¯dx¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
9- izfrHkwfr;ksa dh ykxr] mifpr C;kt tgka Hkh ykxw gks] rFkk 5. When Issued Trading
nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr The Stock will be eligible for “When Issued” trading
in accordance with the guidelines issued by the Reserve
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd
Bank of India.
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g
6. Tenure
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr
The Stock will be of twenty years tenure
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
commencing from May 14, 2002. The Stock will be repaid at
olwy ugha fd;k tkuk pkfg, A par on May 14, 2022.
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad) 7. Date of Issue and Payment for the Stock
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r The result of the auction shall be displayed by the
Reserve Bank of India at its Fort, Mumbai Office on
lwpuk fu/kZfjr le; lhek ds varxZr cSad dks izLrqr djuh gksxh A
May 2, 2014. The payment by successful bidders will be on
VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gS May 5, 2014, i.e., the date of re-issue. The payment for the
vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k Stock will include accrued interest on the nominal value of
the Stock allotted in the auction from the date of last coupon
tk,xk A
payment i.e., November 14, 2013 to May 4, 2014.
MINISTRY OF FINANCE
8. Interest
(Department of Economic Affairs)
Interest at the rate of 8.35 per cent per annum will
(Budget Division) accrue on the nominal value of the Stock from the date of
NOTIFICATION last coupon payment and will be paid half yearly on
New Delhi, the 28th April, 2014 May 14 and November 14.
Auction for Sale (Re-issue) of ‘8.35 per cent By Order of the President of India,
Government Stock, 2022’ Dr. RAJAT BHARGAVA, Jt. Secy.
F. No. 4(4)-W & M/2014.—Government of India ANNEXURE
hereby notifies sale (re-issue) of ‘8.35 per cent Government
Scheme for Non-competitive Bidding Facility in the
Stock, 2022’ (hereinafter called ‘the Stock’) for an
Auctions of Government Securities
aggregate amount of ` 4,000 crore (nominal). The sale
I. 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”
the terms and conditions specified in the General
basis in select auctions of dated Government of India (GoI)
Notification F. No. 4(13)-W & M/2008, dated October 8,
securities. Accordingly, non-competitive bids up to
2008 issued by the Government of India.
5 per cent of the notified amount will be accepted in the
2. Method of Issue
auctions of dated securities. The reserved amount will be
The Stock will be sold through Reserve Bank of India,
within the notified amount.
Mumbai Office, Fort, Mumbai-400 001 in the manner as
II. Eligibility : Participation on a non-competitive
prescribed in paragraph 5.1 of the General Notification
basis in the auctions of dated GoI securities will be open
F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a price
to investors who satisfy the following :
based auction using uniform price auction method.
1. do not maintain Current Account (CA) or Subsidiary
3. Allotment to Non-competitive Bidders
General Ledger (SGL) account with the Reserve Bank
The Government Stock up to 5% of the notified
of India.
amount of the sale will be allotted to eligible individuals
Exceptions : Regional Rural Banks (RRBs) and Co-
and institutions as per the enclosed Scheme for Non-
operative Banks shall be covered under this Scheme
competitive Bidding Facility in the Auctions of Government
in view of their statutory obligations.
Securities (Annex).
2. make a single bid for an amount not more than
4. Place and date of Auction
` two crore (face value) per auction.
The auction will be conducted by Reserve
3. submit their bid indirectly through any one bank or
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
PD offering this scheme.
May 2, 2014. Bids for the auction should be submitted in
Exceptions : Regional Rural Banks (RRBs) and Co-
electronic format on the Reserve Bank of India Core Banking
operative Banks that maintain SGL Account and
Solution (E-Kuber) System on May 2, 2014. The Non-
Current Account with the Reserve Bank of India shall
competitive bids should be submitted between 10.30 a.m.
be eligible to submit their non-competitive bids
and 11.30 a.m. and the competitive bids should be
directly.
submitted between 10.30 a.m. and 12.00 noon.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
III. Coverage : Subject to the conditions mentioned 7. It will be the responsibility of the bank or the PD to
above, participation on “non-competitive” basis is open pass on the securities to their clients. Except in
to any person including firms, companies, corporate bodies, extraordinary circumstances, the transfer of securities
institutions, provident funds, trusts, and any other entity to the clients shall be completed within five working
as may be prescribed by RBI. The minimum amount for days from the date of issue.
bidding will be ` 10,000 (face value) and thereafter in
8. The bank or PD can recover up to six paise per
multiples in ` 10,000 as hitherto for dated stocks. ` 100 as brokerage/commission/service charges for
IV. Other Operational Guidelines : rendering this service to their clients. Such costs
1. The retail investor desirous of participating in the 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 of
(CSGL) account with the bank or PD through whom the security, the consideration amount payable by
they wish to participate. Under the Scheme, an the client to the bank or PD would also include
investor can make only a single bid in an auction of accrued interest from the date of issue.
a dated security. An undertaking to the effect that 9. Modalities for obtaining payment from clients towards
the investor is making only a single bid will have to cost of the securities, accrued interest wherever
obtained and kept on record by the bank or PD. applicable and brokerage/commission/service
charges may be worked out by the bank or PD as per
2. Each bank or PD on the basis of firm orders received
agreement with the client. It may be noted that no
from their constituents will submit a single
other costs such as funding costs should be built
consolidated non-competitive bid on behalf of all its
into the price or recovered from the client.
constituents in electronic format on the Reserve Bank
of India Core Banking Solution (E-Kuber) System. V. Banks and PDs will be required to furnish
Except in extraordinary circumstances such as information relating to operations under the Scheme to the
general failure of the Reserve Bank of India Core Reserve Bank of India (Bank) as may be called for from
Banking Solution (E-Kuber) System, non-competitive time to time within the time frame prescribed by the Bank.
bid in physical form will not be accepted. VI. The aforesaid guidelines are subject to review
3. Allotment under the non-competitive segment to the by the Bank and accordingly, if and when considered
bank or PD will be at the weighted average rate of necessary, the Scheme will be modified.
yield/price that will emerge in the auction on the basis
vf/lwpuk
of the competitive bidding. The securities will be
issued to the bank or PD against payment on the ubZ fnYyh] 28 vizSy] 2014
date of issue irrespective of whether the bank or PD
^8-28 izfr'kr ljdkjh LVkWd 2027* dh fcØh
has received payment from their clients.
(iqu£uxZe) ds fy, uhykeh
4. In case the aggregate amount of bid is more than the
reserved amount (5% of notified amount), pro rata iQk- la- 4(4)Мw ,.M ,e@2014(i)-—Hkkjr ljdkj
allotment would be made. In case of partial allotments, ,rn~}kjk 7]000 djksM+ #i, (vafdr) dh dqy jkf'k ds fy,
it will be the responsibility of the bank or PD to
¶8-28 izfr'kr ljdkjh LVkWd] 2027¸ (ftls blesa blds ckn
appropriately allocate securities to their clients in a
^LVkWd* dgk x;k gS) dh fcØh (iqu£uxZe) vf/lwfpr djrh gSA
transparent manner.
;g fcØh bl vf/lwpuk (ftls ^fof'k"V vf/lwpuk* dgk x;k gS)
5. In case the aggregate amount of bids is less than the
esa mfYyf[kr 'krks± rFkk Hkkjr ljdkj }kjk tkjh lkekU; vfèklwpuk
reserved amount, the shortfall will be taken to
competitive portion. iQk- la[;k 4(13)Мw ,.M ,e@2008] rkjh[k 8 vDrwcj]
6. Security would be issued only in SGL form by RBI. 2008 esa fu£n"V 'krks± ds v/hu dh tk,xh A
RBI would credit either the main SGL account or the 2- fuxZe dh fof/
CSGL account of the bank or PD as indicated by
bl LVkWd dh fcØh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;]
them. The facility for affording credit to the main
iQksVZ] eqEcbZ&400 001 ds ekè;e ls rkjh[k 8 vDrwcj] 2008 dh
SGL account is for the sole purpose of servicing
lkekU; vf/lwpuk iQk- la[;k 4(13)Мw ,.M ,e@2008 ds
investors who are not their constituents. Therefore,
the bank or PD would have to indicate clearly at the iSjk 5-1 esa ;Fkk&fu/kZfjr rjhds ls leewY; uhykeh fof/ dk iz;ksx
time of tendering the non-competitive bids the djrs gq, ewY; vkèkkfjr uhykeh }kjk dh tk,xh A
amounts (face value) to be credited to their SGL
3- vizfrLi/hZ cksyhnkrkvksa dks vkcaVu
account and the CSGL account. Delivery in physical
ljdkjh izfrHkwfr;ksa dh uhykfe;ksa esa vizfrLi/hZ cksyh nsus
form from the main SGL account is permissible at the
instance of the investor subsequently. dh lqfo/k dh layXu Ldhe (vuqca/) ds vuqlkj] fcØh dh¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
vfèklwfpr jkf'k ds 5 izfr'kr rd ljdkjh LVkWd ik=k O;fDr;ksa lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa_
vkSj laLFkkvksa dks vkcafVr fd;k tk,xk A
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
4- uhykeh dk LFkku ,oa rkjh[k
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
;g uhykeh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;] iQksVZ]
v/hu 'kkfey fd;k tk,xk A
eqEcbZ&400001 }kjk 2 ebZ] 2014 dks lapkfyr dh tk,xh A
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
uhykeh grs qckfsy;k aHkkjrh; fjto ZcdaS dkjs c¯aSdx lkYs ;'w ku (b&Z dcq js )
jkf'k ds fy, ,d gh cksyh yxkrs gSa_
iz.kkyh laca/h bysDVªkWfud izi=k esa 2 ebZ] 2014 dk siLz rrq dh tkuh
pkfg,A vizfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls iwokZÉ 11-30 cts 3- tks ;g Ldhe iznku djus okys fdlh ,d cSad vFkok
ds chp vkSj izfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls nksigj izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls
12-00 cts ds chp izLrqr dh tkuh pkfg, A izLrqr djrs gSa A
5- dc fuxZfer dkjksckj viokn % ,ls s{k=skh; xkzeh.k cdaS (vkjvkjch) rFkk lgdkjh
;g LVkWd] Hkkjrh; fjtoZ cSad }kjk tkjh fn'kkfunsZ'kksa ds cSad tks Hkkjrh; fjtoZ cSad esa ,l-th-,y- [kkrk vkSj pkyw
vuqlkj] ^dc fuxZfer* dkjksckj ds fy, ik=k gksxk A [kkrk j[krs gSa] viuh vizfrLi/hZ ckfsy;k as dk s iRz;{k :i ls
6- vof/ iLz rrq dju s d s fy, ik=k gkxas s A
;g LVkWd 21 flrEcj] 2007 ls izkjEHk gksdj chl o"kZ dh
III. O;kidrk % mi;qZDr 'krks± ds v/hu ¶vizfrLi/hZ¸ vk/kj ij
vof/ ds fy, gksxk A bl LVkWd dh pqdkSrh 21 flrEcj] 2027 dks
iQeks±] dEifu;ksa] fuxfer fudk;ksa] laLFkkvksa] Hkfo"; fuf/;ksa]
leewY; ij dh tk,xh A
U;klksa vkSj Hkkjrh; fjtoZ cSad }kjk ;Fkk&fu/kZfjr fdlh vU;
7- fuxZe dh rkjh[k vkSj LVkWd ds fy, Hkqxrku
dEiuh lfgr fdlh Hkh O;fDr ds fy, Hkkxhnkjh [kqyh gS A cksyh
uhykeh dk ifj.kke Hkkjrh; fjtoZ cSad }kjk vius iQksVZ
nsus dh U;wure jkf'k 10]000 #i, (vafdr ewY;) vkSj mlds ckn
fLFkr eEqcb Z dk;kyZ ; e as 2 ebZ] 2014 dk s inz £'kr fd;k tk,xkA
10]000 #i, ds xq.ktksa esa gksxh tSlk vc rd fnukafdr LVkWd ds
liQy cksyhnkrkvksa }kjk Hkqxrku 5 ebZ] 2014 vFkkZr~ iqu£uxZe dh
fy, gS A
rkjh[k dks fd;k tk,xk A LVkWd ds fy, Hkqxrku esa uhykeh esa
IV. vU; izpkyukRed fn'kkfunsZ'k %
vkcafVr LVkWd ds vafdr ewY; ij] vafre dwiu Hkqxrku dh rkjh[k
ls vFkkZr~ 21 ekpZ] 2014 ls 4 ebZ] 2014 rd izksn~Hkwr C;kt 'kkfey 1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
gksxk A ftuds ekè;e ls os Hkkx ysuk pkgrs gSa] ds ikl ,d la?kVd
8- C;kt lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
vafre dwiu dh rkjh[k l s LVkdW d s vfadr eYw ; ij 8-28 gksxk A dksbZ Hkh fuos'kd bl Ldhe ds v/hu fnukafdr
ifzr'kr ifzro"k Z dh nj l s C;kt ikzns ~Hkrw gkxs k rFkk bldk Hkxq rku çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
v¼Z&okf"kZd vk/kj ij 21 flrEcj] vkSj 21ekpZ] ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
dk s fd;k tk,xk A cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
Hkkjr ds jk"Vªifr ds vkns'k ls] tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
MkW- jtr HkkxZo] la;qDr lfpo 2- xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd cSad
vucq /a vFkok ikzFkfed Mhyj Hkkjrh; fjto ZcdaS dkjs c¯aSdx lkYs ;'w ku
ljdkjh izfrHkwfr;ksa dh uhykeh esa vizfrLi/hZ cksyh (bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa vius xzzkgdksa
lqfo/k Ldhe dh vksj ls ,d ,dy lesfdr vçfrLi/hZ cksyh çLrqr
I. dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj djsxk A vlk/kj.k ifjfLFkfr;ksa] tSls Hkkjrh; fjtZoZ cSad dksj
[kqnjk /kfjrk dks izksRlkgu nsus dh n`f"V ls Hkkjr ljdkj dh cSa¯dx lksY;w'ku (bZ&dqcsj) ç.kkyh esa lkekU; xM+cM+h dks
fnukafdr izfrHkwfr;ksa dh p;fur uhykfe;ksa esa ¶vizfrLi/hZ¸ vk/kj NksM+dj HkkSfrd :i esa vçfrLi/hZ cksyh Lohdkj ugha dh
ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rn~uqlkj] tk,xh A
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr
3- cSad vFkok izkFkfed Mhyj dks vizfrLi/hZ [kaM ds v/hu
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k
vkcaVu izfrykHk@dher dh ml Hkkjkaf'kr vkSlr nj ij
vf/lwfpr jkf'k ds vUrxZr gksxh A
gksxh] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa
vk,xh A bl ckr ij è;ku fn, fcuk fd cSad vFkok
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh
izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS
tks fuEufyf[kr 'krks± dks iwjk djrs gSa %
;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k NOTIFICATION
(vf/lwfpr jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr New Delhi, the 28th April, 2014
vkcaVu fd;k tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g
Auction for Sale (Re-issue) of ‘‘8.28 per cent
cSad vFkok izkFkfed Mhyjksa dk nkf;Ro gksxk fd og vius Government Stock, 2027’’
xzkgdksa dks izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ rjhds F. No. 4(4)-W & M/2014(i).—Government of India
ls djsa A hereby notifies sale (re-issue) of '8.28 per cent Government
Stock, 2027' (hereinafter called 'the Stock') for an aggregate
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
amount of ` 7,000 crore (nominal). The sale will be
dks izfrLi/hZ Hkkx esa 'kkfey fd;k tk,xk A
subject to the terms and conditions spelt out in this
notification (called ‘Specific Notification’) as also the
6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa
terms and conditions specified in the General Notification
tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
F. No. 4 (13)-W & M/2008, dated October 8, 2008 issued
vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
by Government of India.
lh,lth,y [kkr se astek djxs k] tlS kfd muds }kjk fun'Zs k fn;k
2. Method of Issue
x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
The Stock will be sold through Reserve Bank of India,
,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
Mumbai Office, Fort, Mumbai-400 001 in the manner as
?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks prescribed in paragraph 5.1 of the General Notification
vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a price
[kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa based auction using uniform price auction method.
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa 3. Allotment to Non-competitive Bidders
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod The Government Stock up to 5% of the notified
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for non-
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
competitive Bidding Facility in the Auctions of Government
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks Securities (Annex).
NksM+dj] xzkgdksa dks izfrHkwfr;ksa dk varj.k fuxZe dh frfFk
4. Place and date of Auction
ls ikap dk;Z&fnolksa ds Hkhrj iwjk fd;k tk,xk A
The auction will be conducted by Reserve
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj May 2, 2014. Bids for the auction should be submitted in
electronic format on the Reserve Bank of India Core Banking
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
Solution (E-Kuber) System on May 2, 2014. The Non-
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk
competitive bids should be submitted between 10.30 a.m.
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr and 11.30 a.m. and the competitive bids should be
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed submitted between 10.30 a.m. and 12.00 noon.
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls 5. When Issued Trading
mifpr C;kt 'kkfey gksxk A The Stock will be eligible for “When Issued” trading
9- izfrHkwfr;ksa dh ykxr] mifpr C;kt tgka Hkh ykxw gks] rFkk in accordance with the guidelines issued by the Reserve
Bank of India.
nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr
6. Tenure
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g The Stock will be of twenty year tenure commencing
from September 21, 2007. The Stock will be repaid at par on
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr
Septamber 21, 2027.
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
7. Date of Issue and Payment for the Stock
olwy ugha fd;k tkuk pkfg, A
The result of the auction shall be displayed by the
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad)
Reserve Bank of India at its Fort, Mumbai Office on
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r
May 2, 2014. The payment by successful bidders will be on
lwpuk fu/kZfjr le;&lhek ds varxZr cSad dks izLrqr djuh gksxh A May 5, 2014, i.e., the date of re-issue. The payment for the
Stock will include accrued interest on the nominal value of
VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gS
the Stock allotted in the auction from the date of last
vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k
Coupon payment i.e., Feburary 15, 2014 to May 4, 2014.
tk,xk A¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 7
8. Interest 2. Each bank or PD on the basis of firm orders received
Interest at the rate of 8.28 per cent per annum will from their constituents will submit a single
accrue on the nominal value of the Stock from the date of consolidated non-competitive bid on behalf of all its
last coupon payment and will be paid half yearly on constituents in electronic format on the Reserve Bank
September 21 and March 21. of India Core Banking Solution (E-Kuber) System.
Except in extraordinary circumstances such as
By Order of the President of India,
general failure of the Reserve Bank of India Core
Dr. RAJAT BHARGAVA, Jt. Secy.
Banking Solution (E-Kuber) System, non-competitive
ANNEXURE bid in physical form will not be accepted.
Scheme for Non-competitive Bidding Facility in the 3. Allotment under the non-competitive segment to the
Auctions of Government Securities bank or PD will be at the weighted average rate of
I. Scope : With a view to encouraging wider yield/price that will emerge in the auction on the basis
participation and retail holding of Government securities it of the competitive bidding. The securities will be
is proposed to allow participation on “non-competitive” issued to the bank or PD against payment on the
basis in select auctions of dated Government of India (GoI) date of issue irrespective of whether the bank or PD
securities. Accordingly, non-competitive bids up to has received payment from their clients.
5 per cent of the notified amount will be accepted in the
4. In case the aggregate amount of bid is more than the
auctions of dated securities. The reserved amount will be
reserved amount (5% of notified amount), pro rata
within the notified amount.
allotment would be made. In case of partial allotments,
II. Eligibility : Participation on a non-competitive
it will be the responsibility of the bank or PD to
basis in the auctions of dated GOI securities will be open
appropriately allocate securities to their clients in a
to investors who satisfy the following :
transparent manner.
1. do not maintain Current Account (CA) or Subsidiary
General Ledger (SGL) account with the Reserve Bank 5. In case the aggregate amount of bids is less than the
of India. reserved amount, the shortfall will be taken to
competitive portion.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks shall be covered under this Scheme
6. Security would be issued only in SGL form by RBI.
in view of their statutory obligations.
RBI would credit either the main SGL account or the
2. make a single bid for an amount not more than
CSGL account of the bank or PD as indicated by
` two crore (face value) per auction.
them. The facility for affording credit to the main
3. submit their bid indirectly through any one bank or SGL account is for the sole purpose of servicing
PD offering this scheme. investors who are not their constituents. Therefore,
Exceptions : Regional Rural Banks (RRBs) and Co- the bank or PD would have to indicate clearly at the
operative Banks that maintain SGL account and time of tendering the non-competitive bids the
current account with the Reserve Bank of India shall amounts (face value) to be credited to their SGL
be eligible to submit their non-competitive bids directly. account and the CSGL account. Delivery in physical
form from the main SGL account is permissible at the
III. Coverage : Subject to the conditions mentioned
instance of the investor subsequently.
above, participation on “non-competitive” basis is open
to any person including firms, companies, corporate bodies,
7. It will be the responsibility of the bank or the PD to
institutions, provident funds, trusts, and any other entity
pass on the securities to their clients. Except in
as may be prescribed by RBI. The minimum amount for
extraordinary circumstances, the transfer of securities
bidding will be ` 10,000 (face value) and thereafter in
to the clients shall be completed within five working
multiples in ` 10,000 as hitherto for dated stocks.
days from the date of issue.
IV. Other Operational Guidelines :
8. The bank or PD can recover up to six paise per
1. The retail investor desirous of participating in the
` 100 as brokerage/commission/service charges for
auction under the Scheme would be required to
rendering this service to their clients. Such costs
maintain a Constituent Subsidiary General Ledger
may be built into the sale price or recovered
(CSGL) account with the bank or PD through whom
separately from the clients. In case the transfer of
they wish to participate. Under the Scheme, an
securities is effected subsequent to the issue date of
investor can make only a single bid in an auction of
the security, the consideration amount payable by
a dated security. An undertaking to the effect that
the client to the bank or PD would also include
the investor is making only a single bid will have to
accrued interest from the date of issue.
obtained and kept on record by the bank or PD.8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
9. Modalities for obtaining payment from clients towards 5- dc fuxZfer dkjksckj
cost of the securities, accrued interest wherever
;g LVkWd] Hkkjrh; fjtoZ cSad }kjk tkjh fn'kkfunsZ'kksa ds
applicable and brokerage/commission/service
vuqlkj] ^dc fuxZfer* dkjksckj ds fy, ik=k gksxk A
charges may be worked out by the bank or PD as per
agreement with the client. It may be noted that no
6- vof/
other costs such as funding costs should be built
into the price or recovered from the client. ;g LVkWd 30 flrEcj] 2013 ls izkjEHk gksdj 17 o"kZ dh
vof/ ds fy, gksxk A bl LVkWd dh pqdkSrh 30 flrEcj] 2030 dks
V. Banks and PDs will be required to furnish
information relating to operations under the Scheme to the leewY; ij dh tk,xh A
Reserve Bank of India (Bank) as may be called for from
7- fuxZe dh rkjh[k vkSj LVkWd ds fy, Hkqxrku
time to time within the time frame prescribed by the Bank.
uhykeh dk ifj.kke Hkkjrh; fjtoZ cSad }kjk vius iQksVZ
VI. The aforesaid guidelines are subject to review
fLFkr eqEcbZ dk;kZy; esa 2 ebZ] 2014 dks izn£'kr fd;k tk,xkA
by the Bank and accordingly, if and when considered
liQy cksyhnkrkvksa }kjk Hkqxrku 5 ebZ] 2014 vFkkZr~ iqu£uxZe dh
necessary, the Scheme will be modified.
rkjh[k dks fd;k tk,xk A LVkWd ds fy, Hkqxrku esa uhykeh esa
vf/lwpuk
vkcafVr LVkWd ds vafdr ewY; ij] vfUre dwiu dh rkjh[k ls
ubZ fnYyh] 28 vizSy] 2014 vFkkZr~ 30 ekpZ] 2014 ls 4 ebZ] 2014 rd] izksn~Hkwr C;kt 'kkfey
^^9-20 çfr'kr ljdkjh LVkWd 2030** dh fcØh gksxk A
(iqu£uxZe) ds fy, uhykeh 8- C;kt
iQk- la- 4(4)Мw ,.M ,e@2014 (ii)-—Hkkjr ljdkj] vafre dwiu dh rkjh[k ls LVkWd ds vafdr ewY; ij 9-20
,rn~}kjk 2]000 djksM+ #i, (vafdr) dh dqy jkf'k osQ fy, izfr'kr izfro"kZ dh nj ls C;kt izksn~Hkwr gksxk rFkk bldk Hkqxrku
^^9-20 izfr'kr ljdkjh LVkWd] 2030** (ftls blesa blds ckn v¼&Z okf"kdZ vk/kj ij 30 flrEcj vkjS 30 ekpZ dk s fd;k tk,xkA
^LVkWd* dgk x;k gS) dh fcØh (iqufuZxZe) vf/lwfpr djrh gS A
Hkkjr ds jk"Vªifr ds vkns'k ls]
;g fcØh bl vfèklwpuk (ftls ^fof'k"V vf/lwpuk* dgk x;k gS)
MkW- jtr HkkxZo] la;qDr lfpo
esa mfYyf[kr 'krks± rFkk Hkkjr ljdkj }kjk tkjh lkekU; vf/lwpuk
iQk- la[;k 4(13)Мw ,.M ,e@2008] rkjh[k 8 vDrwcj] vucq /a
2008 esa fu£n"V 'krks± ds v/hu dh tk,xh A ljdkjh izfrHkwfr;ksa dh uhykeh esa vizfrLi/hZ cksyh
lqfo/k Ldhe
2- fuxZe dh fof/
bl LVkWd dh fcØh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;]
I. dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj
[kqnjk /kfjrk dks izksRlkgu nsus dh n`f"V ls Hkkjr ljdkj dh
iQksVZ] eqEcbZ&400001 ds ekè;e ls rkjh[k 8 vDrwcj] 2008 dh
fnukafdr izfrHkwfr;ksa dh p;fur uhykfe;ksa esa ¶vizfrLi/hZ¸ vk/kj
lkekU; vf/lwpuk iQk- la[;k 4(13)Мw ,.M ,e@2008 ds
ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rnuqlkj]
iSjk 5-1 esa ;Fkk&fu/kZfjr rjhds ls leewY; uhykeh fof/ dk iz;ksx
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr
djrs gq, ewY; vkèkkfjr uhykeh }kjk dh tk,xh A
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k
3- vizfrLi/hZ cksyhnkrkvksa dks vkcaVu
vf/lwfpr jkf'k ds vUrxZr gksxh A
ljdkjh izfrHkwfr;ksa dh uhykfe;ksa esa vizfrLi/hZ cksyh nsus
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa
dh lqfo/k dh layXu Ldhe (vuqca/) ds vuqlkj] fcØh dh
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh
vfèklwfpr jkf'k ds 5 izfr'kr rd ljdkjh LVkWd ik=k O;fDr;ksa
tks fuEufyf[kr 'krks± dks iwjk djrs gSa %
vkSj laLFkkvksa dks vkcafVr fd;k tk,xk A
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok
4- uhykeh dk LFkku ,oa rkjh[k
lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa _
;g uhykeh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;] iQksVZ]
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
eqEcbZ&400001 }kjk 2 ebZ ] 2014 dks lapkfyr dh tk,xh A
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
uhykeh grs qckfsy;k aHkkjrh; fjto ZcdaS dkjs c¯Sdx lkYs ;'w ku (b&Z dcq js )
v/hu 'kkfey fd;k tk,xk A
iz.kkyh laca/h bysDVªkWfud izi=k esa 2 vizSy] 2014 dk s iLz rrq dh
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
tkuh pkfg,A vizfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls iwokZÉ 11-30
cts ds chp vkSj izfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls nksigj jkf'k ds fy, ,d gh cksyh yxkrs gSa _
12-00 cts ds chp izLrqr dh tkuh pkfg, A 3- tks ;g Ldhe iznku djus okys fdlh ,d cSad vFkok¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 9
izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
izLrqr djrs gSa A vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
viokn % ,ls s{k=skh; xkzeh.k cdaS (vkjvkjch) rFkk lgdkjh lh,lth,y [kkr se astek djxs k] tlS kfd muds }kjk fun'Zs k fn;k
cSad tks Hkkjrh; fjtoZ cSad esa ,lth,y [kkrk vkSj pkyw x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
[kkrk j[krs gSa] viuh vizfrLi/hZ ckfsy;k as dk s iRz;{k :i ls ,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
iLz rrq dju s d s fy, ik=k gkxas s A ?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks
vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y
III. O;kidrk % mi;qZDr 'krks± ds v/hu ¶vizfrLi/hZ¸ vk/kj ij
[kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa
iQeks±] dEifu;ksa] fuxfer fudk;ksa] laLFkkvksa] Hkfo"; fuf/;ksa]
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa
U;klksa vkSj Hkkjrh; fjtoZ cSad }kjk ;Fkk&fu/kZfjr fdlh vU;
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod
dEiuh lfgr fdlh Hkh O;fDr ds fy, Hkkxhnkjh [kqyh gS A cksyh
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A
nsus dh U;wure jkf'k 10]000 #i, (vafdr ewY;) vkSj mlds ckn
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
10]000 #i, ds xq.ktksa esa gksxh tSlk vc rd fnukafdr LVkWd ds
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks
fy, gS A
NksM+dj] xzkgdksa dks izfrHkwfr;ksa dk varj.k fuxZe dh frfFk
IV. vU; izpkyukRed fn'kkfunsZ'k %
ls ikap dk;Z fnolksa ds Hkhrj iwjk fd;k tk,xk A
1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds
ftuds ekè;e ls os Hkkx ysuk pkgrs gSa] ds ikl ,d la?kVd
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj
lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
gksxk A dksbZ Hkh fuos'kd bl Ldhe ds v/hu fnukafdr
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk
çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr
ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed
cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls
tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
mifpr C;kt 'kkfey gksxk A
2- vius xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd cSad
9- izfrHkwfr;ksa dh ykxr] mifpr C;kt tgka Hkh ykxw gks] rFkk
vFkok ikzFkfed Mhyj Hkkjrh; fjto ZcdaS dkjs c¯aSdx lkYs ;'w ku
nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr
(bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa vius xzzkgdksa
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd
dh vksj ls ,d ,dy lesfdr vçfrLi/hZ cksyh çLrqr
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g
djsxk A vlk/kj.k ifjfLFkfr;ksa] tSls Hkkjrh; fjtZoZ cSad dksj
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr
cSa¯dx lksY;w'ku (bZ&dqcsj) ç.kkyh esa lkekU; xM+cM+h dks
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
NksM+dj] HkkSfrd :i esa vçfrLi/hZ cksyh Lohdkj ugha dh
olwy ugha fd;k tkuk pkfg, A
tk,xh A
3- cSad vFkok izkFkfed Mhyj dks vizfrLi/hZ [kaM ds v/hu
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad)
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r
vkcaVu izfrykHk@dher dh ml Hkkjkaf'kr vkSlr nj ij
lwpuk fu/kZfjr le;&lhek ds varxZr cSad dks izLrqr djuh gksxh A
gksxk] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
vk,xh A bl ckr ij è;ku fn, fcuk fd cSad vFkok VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gS
izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k
;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k tk,xk A
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A
NOTIFICATION
4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k (vfèklwfpr
New Delhi, the 28th April, 2014
jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr vkcaVu fd;k
tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g cSad vFkok Auction for Sale (Re-issue) of ‘9.20 per cent
Government Stock, 2030’
izkFkfed Mhyjksa dk nkf;Ro gksxk fd og vius xzkgdksa dks
izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ rjhds ls djsa A F. No. 4(4)-W&M/2014 (ii).—Government of India
hereby notifies sale (re-issue) of ‘9.20 per cent Government
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
Stock, 2030’ (hereinafter called ‘the Stock’) for an
dks izfrLi/hZ Hkkx esa 'kkfey fd;k tk,xk A
aggregate amount of ` 3,000 crore (nominal). The sale will
6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa be subject to the terms and conditions spelt out in this10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
notification (called ‘Specific Notification’) as also the ANNEXURE
terms and conditions specified in the General Notification Scheme for Non-competitive Bidding Facility in the
F. No. 4(13)-W&M/2008, dated October 8, 2008 issued by Auctions of Government Securities
Government of India.
I. Scope : With a view to encouraging wider
2. Method of Issue participation and retail holding of Government securities it
is proposed to allow participation on “non-competitive”
The Stock will be sold through Reserve Bank of basis in select auctions of dated Government of India (GoI)
India, Mumbai Office, Fort, Mumbai-400001 in the manner securities. Accordingly, Non-competitive bids up to 5 per
as prescribed in paragraph 5.1 of the General Notification cent of the notified amount will be accepted in the auctions
F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a price of dated securities. The reserved amount will be within the
based auction using uniform price auction method. notified amount.
3. Allotment to Non-competitive Bidders II. Eligibility : Participation on a Non-competitive
basis in the auctions of dated GoI securities will be open
The Government Stock up to 5% of the notified to investors who satisfy the following :
amount of the sale will be allotted to eligible individuals
1. do not maintain Current Account (CA) or Subsidiary
and institutions as per the enclosed Scheme for Non-
General Ledger (SGL) account with the Reserve Bank
competitive Bidding Facility in the Auctions of Government
of India.
Securities (Annex).
Exceptions : Regional Rural Banks (RRBs) and
4. Place and date of Auction
Co-operative Banks shall be covered under this
The auction will be conducted by Reserve Scheme in view of their statutory obligations.
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on 2. make a single bid for an amount not more than
May 2, 2014. Bids for the auction should be submitted in ` two crore (face value) per auction.
electronic format on the Reserve Bank of India Core Banking
3. submit their bid indirectly through any one bank or
Solution (E-Kuber) System on May 2, 2014. The Non-
PD offering this Scheme.
competitive bids should be submitted between 10.30 a.m.
Exceptions : Regional Rural Banks (RRBs) and
and 11.30 a.m. and the competitive bids should be
Co-operative Banks that maintain SGL account and
submitted between 10.30 a.m. and 12.00 noon.
current account with the Reserve Bank of India shall
5. When Issued Trading
be eligible to submit their Non-competitive bids
The Stock will be eligible for “When Issued” trading directly.
in accordance with the guidelines issued by the Reserve III. Coverage : Subject to the conditions mentioned
Bank of India. above, participation on “non-competitive” basis is open
6. Tenure to any person including firms, companies, corporate bodies,
institutions, provident funds, trusts, and any other entity
The Government Stock will be of Seventeen years
as may be prescribed by RBI. The minimum amount for
tenure commencing from September 30, 2013. The Stock
bidding will be ` 10,000 (face value) and thereafter in
will be repaid at par on September 30, 2030.
multiples in ` 10,000 as hitherto for dated stocks.
7. Date of Issue and Payment for the Stock
IV. Other Operational Guidelines :
The result of the auction shall be displayed by the
1. The retail investor desirous of participating in the
Reserve Bank of India at its Fort, Mumbai Office on
auction under the Scheme would be required to
May 2, 2014. The payment by successful bidders will be on
maintain a Constituent Subsidiary General Ledger
May 5, 2014, i.e., the date of re-issue. The payment for the
(CSGL) account with the bank or PD through whom
Stock will include accrued interest on the nominal value of
they wish to participate. Under the Scheme, an
the Stock allotted in the auction from the date of last coupon
investor can make only a single bid in an auction of
payment i.e., March 30, 2014 to May 4, 2014.
a dated security. An undertaking to the effect that
8. Interest the investor is making only a single bid will have to
obtained and kept on record by the bank or PD.
Interest at the rate of 9.20 per cent per annum will
accrue on the nominal value of the Stock from the date of 2. Each bank or PD on the basis of firm orders received
last coupon payment and will be paid half yearly on from their constituents will submit a single
September, 30 and March 30. consolidated Non-competitive bid on behalf of all its
constituents in electronic format on the Reserve Bank
By Order of the President of India,
of India Core Banking Solution (E-Kuber) System.
Dr. RAJAT BHARGAVA, Jt. Secy.
Except in extraordinary circumstances such as
general failure of the Reserve Bank of India Core¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 11
Banking Solution (E-Kuber) System, Non- VI. The aforesaid guidelines are subject to review
competitive bid in physical form will not be accepted. by the Bank and accordingly, if and when considered
3. Allotment under the Non-competitive segment to the necessary, the Scheme will be modified.
bank or PD will be at the weighted average rate of vf/lwpuk
yield/price that will emerge in the auction on the basis
ubZ fnYyh] 28 vizSy] 2014
of the competitive bidding. The securities will be
issued to the bank or PD against payment on the ¶9-23 izfr'kr ljdkjh LVkWd 2043¸ dh fcØh
date of issue irrespective of whether the bank or PD (iqufuxZe) ds fy, uhykeh
has received payment from their clients.
iQk- l-a 4(4)М w,.M ,e@2014 (iii)-—Hkkjr ljdkj]
4. In case the aggregate amount of bid is more than the
,rn~}kjk 2]000 djkMs + #i, (vfadr) dh dyq jkf'k d s fy, ¶9-23
reserved amount (5% of notified amount), pro rata
allotment would be made. In case of partial allotments, izfr'kr ljdkjh LVkWd] 2043¸ (ftls blesa blds ckn ^LVkWd* dgk
it will be the responsibility of the bank or PD to x;k gS) dh fcØh (iqu£uxZe)vfèklwfpr djrh gSA ;g fcØh bl
appropriately allocate securities to their clients in a
vf/lwpuk (ftls ^fof'k"V vf/lwpuk* dgk x;k gS) esa mfYyf[kr
transparent manner.
'krks± rFkk Hkkjr ljdkj }kjk tkjh lkekU; vf/lwpuk iQk- la[;k
5. In case the aggregate amount of bids is less than the
4(13)Мw ,.M ,e@2008] rkjh[k 8 vDrwcj] 2008 esa fu£n"V
reserved amount, the shortfall will be taken to
competitive portion. 'krks± ds v/hu dh tk,xh A
6. Security would be issued only in SGL form by RBI.
2- fuxZe dh fof/
RBI would credit either the main SGL account or the
CSGL account of the bank or PD as indicated by bl LVkWd dh fcØh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;]
them. The facility for affording credit to the main
iQksVZ] eqEcbZ&400001 ds ekè;e ls rkjh[k 8 vDrwcj] 2008 dh
SGL account is for the sole purpose of servicing
lkekU; vf/lwpuk la[;k iQk- 4(13)Мw ,.M ,e@2008 ds
investors who are not their constituents. Therefore,
the bank or PD would have to indicate clearly at the iSjk 5-1 esa ;Fkk&fu/kZfjr rjhds ls leewY; uhykeh fof/ dk iz;ksx
time of tendering the Non-competitive bids the djrs gq, ewY; vkèkkfjr uhykeh }kjk dh tk,xh A
amounts (face value) to be credited to their SGL
account and the CSGL account. Delivery in physical 3- vizfrLi/hZ cksyhnkrkvksa dks vkcaVu
form from the main SGL account is permissible at the
instance of the investor subsequently. ljdkjh izfrHkwfr;ksa dh uhykfe;ksa esa vizfrLi/hZ cksyh nsus
7. It will be the responsibility of the bank or the PD to dh lqfo/k dh layXu Ldhe (vuqca/) ds vuqlkj] fcØh dh
pass on the securities to their clients. Except in vfèklwfpr jkf'k ds 5 izfr'kr rd ljdkjh LVkWd ik=k O;fDr;ksa
extraordinary circumstances, the transfer of securities
vkSj laLFkkvksa dks vkcafVr fd;k tk,xk A
to the clients shall be completed within five working
days from the date of issue. 4- uhykeh dk LFkku ,oa rkjh[k
8. The bank or PD can recover up to six paise per
` 100 as brokerage/commission/service charges for ;g uhykeh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;] iQksVZ]
rendering this service to their clients. Such costs eqEcbZ&400001 }kjk 2 ebZ] 2014 dks lapkfyr dh tk,xh A
may be built into the sale price or recovered uhykeh grs qckfsy;k aHkkjrh; fjto ZcdaS dkjs c¯aSdx lkYs ;'w ku (b&Z dcq js )
separately from the clients. In case the transfer of iz.kkyh laca/h bysDVªkWfud izi=k esa 2 ebZ] 2014 dk siLz rrq dh tkuh
securities is effected subsequent to the issue date of
pkfg,A vizfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls iwokZÉ 11-30 cts
the security, the consideration amount payable by
ds chp vkSj izfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls nksigj
the client to the bank or PD would also include
12-00 cts ds chp izLrqr dh tkuh pkfg, A
accrued interest from the date of issue.
9. Modalities for obtaining payment from clients towards
5- dc fuxZfer dkjksckj
cost of the securities, accrued interest wherever
applicable and brokerage/commission/service ;g LVkWd] Hkkjrh; fjtoZ cSad }kjk tkjh fn'kkfunsZ'kksa ds
charges may be worked out by the bank or PD as per
vuqlkj] ^dc fuxZfer* dkjksckj ds fy, ik=k gksxk A
agreement with the client. It may be noted that no
other costs such as funding costs should be built
6- vof/
into the price or recovered from the client.
V. Banks and PDs will be required to furnish ;g LVkWd 23 fnlEcj] 2013 ls izkjEHk gksdj rhl o"kZ dh
information relating to operations under the Scheme to the vof/ ds fy, gksxk A bl LVkWd dh pqdkSrh 23 fnlEcj] 2043 dks
Reserve Bank of India (Bank) as may be called for from
leewY; ij dh tk,xh A
time to time within the time frame prescribed by the Bank.12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
7- fuxZe dh rkjh[k vkSj LVkWd ds fy, Hkqxrku dEiuh lfgr fdlh Hkh O;fDr ds fy, Hkkxhnkjh [kqyh gS A cksyh
nsus dh U;wure jkf'k 10]000 #i, (vafdr ewY;) vkSj mlds ckn
uhykeh dk ifj.kke Hkkjrh; fjtoZ cSad }kjk vius iQksVZ
10]000 #i, ds xq.ktksa esa gksxh tSlk vc rd fnukafdr LVkWd ds
fLFkr eqEcbZ dk;kZy; esa 2 ebZ] 2014 dks izn£'kr fd;k tk,xkA
liQy cksyhnkrkvksa }kjk Hkqxrku 5 ebZ] 2014 vFkkZr~ iqu£uxZe dh fy, gS A
rkjh[k dks fd;k tk,xk A LVkWd ds fy, Hkqxrku esa uhykeh esa IV. vU; izpkyukRed fn'kkfunsZ'k %
vkcafVr LVkd ds vafdr ewY; ij] ewy fuxZe dh rkjh[k ls vFkkZr
1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
23 fnlEcj] 2013 l s4 eb]Z 2014 rd] ikzns H~ krw C;kt 'kkfey gkxs k A
ftuds ekè;e ls os Hkkx ysuk pkgrs gSa] ds ikl ,d la?kVd
8- C;kt
lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
ewy fuxZe dh rkjh[k ls LVkWd ds vafdr ewY; ij 8-23 gksxk A dksbZ Hkh fuos'kd bl Ldhe ds v/hu fnukafdr
izfr'kr izfro"kZ dh nj ls C;kt izksn~Hkwr gksxk rFkk bldk Hkqxrku çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
v¼Z&ok£"kd vk/kj ij 23 twu vkSj 23fnlEcj dks fd;k tk,xk A ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
Hkkjr ds jk"Vªifr ds vkns'k ls] cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
MkW- jtr HkkxZo] la;qDr lfpo
2- vius xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd cSad
vucq /a
vFkok ikzFkfed Mhyj Hkkjrh; fjto ZcdaS dkjs c¯aSdx lkYs ;'w ku
ljdkjh izfrHkwfr;ksa dh uhykeh esa vizfrLi/hZ cksyh
(bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa vius xzzkgdksa
lqfo/k Ldhe
dh vksj ls ,d ,dy lesfdr vçfrLi/hZ cksyh çLrqr
I. dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj djsxk A vlk/kj.k ifjfLFkfr;ksa] tSls Hkkjrh; fjtoZ cSad dksj
[kqnjk /kfjrk dks izksRlkgu nsus dh n`f"V ls Hkkjr ljdkj dh cSa¯dx lksY;w'ku (bZ&dqcsj) ç.kkyh esa lkekU; xM+cM+h dks
fnukafdr izfrHkwfr;ksa dh p;fur uhykfe;ksa esa ¶vizfrLi/hZ¸ vk/kj NksM+dj] HkkSfrd :i esa vçfrLi/hZ cksyh Lohdkj ugha dh
ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rn~uqlkj] tk,xh A
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr
3- cSad vFkok izkFkfed Mhyj dks vizfrLi/hZ [kaM ds v/hu
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k
vkcaVu izfrykHk@dher dh ml Hkkjkaf'kr vkSlr nj ij
vf/lwfpr jkf'k ds vUrxZr gksxh A
gksxk] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa vk,xh A bl ckr ij è;ku fn, fcuk fd cSad vFkok
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS
tks fuEufyf[kr 'krks± dks iwjk djrs gSa % ;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok
lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa_ 4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k
(vf/lwfpr jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
vkcaVu fd;k tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
cSad vFkok izkFkfed Mhyjksa dk mÙkjnkf;Ro gksxk fd og
v/hu 'kkfey fd;k tk,xk A
vius xzkgdksa dks izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
rjhds ls djsa A
jkf'k ds fy, ,d gh cksyh yxkrs gSa_
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
3- tks ;g Ldhe iznku djus okys fdlh ,d cSad vFkok
dks izfrLi/hZ Hkkx esa 'kkfey fd;k tk,xk A
izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls
6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa
izLrqr djrs gSa A
tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
viokn % ,ls s{k=skh; xkzeh.k cdaS (vkjvkjch) rFkk lgdkjh
vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
cSad tks Hkkjrh; fjtoZ cSad esa ,l-th-,y- [kkrk vkSj pkyw
lh,lth,y [kkr se astek djxs k] tlS kfd muds }kjk fun'Zs k fn;k
[kkrk j[krs gSa] viuh vizfrLi/hZ ckfsy;k as dk s iRz;{k :i ls
x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
iLz rrq dju s d s fy, ik=k gkxas s A
,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
III. O;kidrk % mi;qZDr 'krks± ds v/hu ¶vizfrLi/hZ¸ vk/kj ij ?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks
iQeks±] dEifu;ksa] fuxfer fudk;ksa] laLFkkvksa] Hkfo"; fuf/;ksa] vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y
U;klksa vkSj Hkkjrh; fjtoZ cSad }kjk ;Fkk&fu/kZfjr fdlh vU; [kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 13
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa 3. Allotment to Non-competitive Bidders
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod The Government Stock up to 5% of the notified
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for Non-
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
competitive Bidding Facility in the Auctions of Government
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks Securities (Annex).
NksM+dj] xzkgdksa dks izfrHkwfr;ksa dk varj.k fuxZe dh frfFk 4. Place and Date of Auction
ls ikap dk;Z&fnolksa ds Hkhrj iwjk fd;k tk,xk A The auction will be conducted by Reserve
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds
May 2, 2014. Bids for the auction should be submitted in
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj
electronic format on the Reserve Bank of India Core Banking
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
Solution (E-Kuber) System onMay 2, 2014. The Non-
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk competitive bids should be submitted between 10.30 a.m.
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr and 11.30 a.m. and the competitive bids should be
submitted between 10.30 a.m. and 12.00 noon.
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls 5. When Issued Trading
mifpr C;kt 'kkfey gksxk A The Government Stock will be eligible for “When
9- izfrHkwfr;ksa dh ykxr] mifpr C;kt tgka Hkh ykxw gks] rFkk Issued” trading in accordance with the guidelines issued
by the Reserve Bank of India.
nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd 6. Tenure
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g The Stock will be of thirty-years tenure commencing
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr from December 23, 2013. The Stock will be repaid at par on
December 23, 2043.
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
olwy ugha fd;k tkuk pkfg, A 7. Date of Issue and Payment for the Stock
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad) The result of the auction shall be displayed by the
Reserve Bank of India at its Fort, Mumbai Office on
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r
May 2, 2014. The payment by successful bidders will be
lwpuk fu/kZfjr le;&lhek ds varxZr cSad dks izLrqr djuh gksxh A
on May 5, 2014, i.e., the date of re-issue. The payment for
VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gS the Stock will include accrued interest on the nominal value
vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k of the Stock allotted in the auction from the date of original
issue i.e., December 23, 2013 to May 4, 2014.
tk,xk A
8. Interest
NOTIFICATION
New Delhi, the 28th April, 2014 Interest at the rate of 9.23 per cent per annum will
accrue on the nominal value of the Stock from the date of
Auction for Sale (Re-issue) of '9.23 per cent
original issue and will be paid half yearly on June 23 and
Government Stock, 2043'
December 23.
F. No. 4(4)-W & M/2014(iii).—Government of India
hereby notifies sale (re-issue) of '9.23 per cent Government By Order of the President of India,
Stock, 2043' (hereinafter called 'the Stock') for an aggregate
Dr. RAJAT BHARGAVA, Jt. Secy.
amount of ` 2,000 crore (nominal). The sale will be
subject to the terms and conditions spelt out in this ANNEX URE
notification (called ‘Specific Notification’) as also the Scheme for Non-competitive Bidding Facility in the
terms and conditions specified in the General Notification Auctions of Government Securities
F. No. 4 (13)-W & M/2008, dated October 8, 2008 issued
I. Scope : With a view to encouraging wider
by Government of India.
participation and retail holding of Government securities it
2. Method of Issue
is proposed to allow participation on “Non-competitive”
The Stock will be sold through Reserve Bank of India,
basis in select auctions of dated Government of India (GoI)
Mumbai Office, Fort, Mumbai-400 001 in the manner as
securities. Accordingly, non-competitive bids up to
prescribed in paragraph 5.1 of the General Notification
5 per cent of the notified amount will be accepted in the
F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a price
auctions of dated securities. The reserved amount will be
based auction using uniform price auction method.
within the notified amount.14 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
II. Eligibility : Participation on a Non-competitive 4. In case the aggregate amount of bid is more than the
basis in the auctions of dated GoI securities will be open reserved amount (5% of notified amount), pro rata
to investors who satisfy the following : allotment would be made. In case of partial allotments,
1. do not maintain Current Account (CA) or Subsidiary it will be the responsibility of the bank or PD to
General Ledger (SGL) account with the Reserve Bank appropriately allocate securities to their clients in a
of India. transparent manner.
Exceptions : Regional Rural Banks (RRBs) and Co- 5. In case the aggregate amount of bids is less than the
operative Banks shall be covered under this Scheme reserved amount, the shortfall will be taken to
in view of their statutory obligations. competitive portion.
2. make a single bid for an amount not more than 6. Security would be issued only in SGL form by RBI.
` two crore (face value) per auction. RBI would credit either the main SGL account or the
3. submit their bid indirectly through any one bank or CSGL account of the bank or PD as indicated by
PD offering this Scheme. them. The facility for affording credit to the main
Exceptions : Regional Rural Banks (RRBs) and Co- SGL account is for the sole purpose of servicing
operative Banks that maintain SGL account and investors who are not their constituents. Therefore,
current account with the Reserve Bank of India shall the bank or PD would have to indicate clearly at the
be eligible to submit their Non-competitive bids directly. time of tendering the non-competitive bids the
III. Coverage : Subject to the conditions mentioned amounts (face value) to be credited to their SGL
above, participation on “Non-competitive” basis is open account and the CSGL account. Delivery in physical
to any person including firms, companies, corporate bodies, form from the main SGL account is permissible at the
institutions, provident funds, trusts, and any other entity instance of the investor subsequently.
as may be prescribed by RBI. The minimum amount for 7. It will be the responsibility of the bank or the PD to
bidding will be ` 10,000 (face value) and thereafter in pass on the securities to their clients. Except in
multiples in ` 10,000 as hitherto for dated stocks. extraordinary circumstances, the transfer of securities
IV. Other Operational Guidelines : to the clients shall be completed within five working
1. The retail investor desirous of participating in the days from the date of issue.
auction under the Scheme would be required to 8. The bank or PD can recover up to six paise per
maintain a Constituent Subsidiary General Ledger ` 100 as brokerage/commission/service charges for
(CSGL) account with the bank or PD through whom rendering this service to their clients. Such costs
they wish to participate. Under the Scheme, an may be built into the sale price or recovered
investor can make only a single bid in an auction of separately from the clients. In case the transfer of
a dated security. An undertaking to the effect that securities is effected subsequent to the issue date of
the investor is making only a single bid will have to
the security, the consideration amount payable by
obtained and kept on record by the bank or PD.
the client to the bank or PD would also include
2. Each bank or PD on the basis of firm orders received accrued interest from the date of issue.
from their constituents will submit a single
9. Modalities for obtaining payment from clients towards
consolidated Non-competitive bid on behalf of all its
cost of the securities, accrued interest wherever
constituents in electronic format on the Reserve Bank
applicable and brokerage/commission/service
of India Core Banking Solution (E-Kuber) System.
charges may be worked out by the bank or PD as per
Except in extraordinary circumstances such as
agreement with the client. It may be noted that no
general failure of the Reserve Bank of India Core
other costs such as funding costs should be built
Banking Solution (E-Kuber) System, Non-
into the price or recovered from the client.
competitive bid in physical form will not be accepted.
V. Banks and PDs will be required to furnish
3. Allotment under the Non-competitive segment to the
information relating to operations under the Scheme to the
bank or PD will be at the weighted average rate of
Reserve Bank of India (Bank) as may be called for from
yield/price that will emerge in the auction on the basis
time to time within the time frame prescribed by the Bank.
of the competitive bidding. The securities will be
issued to the bank or PD against payment on the VI. The aforesaid guidelines are subject to review
date of issue irrespective of whether the bank or PD by the Bank and accordingly, if and when considered
has received payment from their clients. necessary, the Scheme will be modified.
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