Home India Ministry of Finance Government of India hereby notifies sale re issue of the fol...
Date: 2019-07-01 Category: Extra Ordinary State: Union Government Country: India

Government of India hereby notifies sale re issue of the following Government Stocks

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

Executive Summary: This document notifies the sale/reissue of Government Stocks. The auction will be conducted by the Reserve Bank of India on July 05, 2019. Payment by successful bidders will be due on July 08, 2019. It also includes a scheme for noncompetitive bidding in Government Security auctions. Key Points / Main Content: Government Stock Auction Details: * Reissue of Government Stocks with varying maturity dates: January 28, 2024; January 14, 2029; June 17, 2043; June 15, 2049. * Auction date: July 05, 2019, conducted by Reserve Bank of India, Mumbai. * Bids to be submitted electronically via Reserve Bank of India Core Banking Solution EKuber system. * Noncompetitive bids: 11:30 a.m. - 12:00 noon. * Competitive bids: 11:30 a.m. - 12:30 p.m. * Payment by successful bidders due on July 08, 2019. * Stocks eligible for When Issued trading. * Interest will accrue on the nominal value and be paid half-yearly. * Stocks will be repaid at par on the date of maturity. Noncompetitive Bidding Scheme: * Allows participation on a noncompetitive basis in select auctions of Government of India securities. * Up to 5% of the notified amount reserved for noncompetitive bids. * Open to investors who do not maintain current or SGL accounts with RBI (with exceptions for RRBs and Cooperative Banks). * Single bid limit: ₹2 crore face value per auction. * Bids to be submitted indirectly through a bank or PD offering the scheme (again, with exceptions for some banks). * Minimum bid amount: ₹10,000 face value, in multiples of ₹10,000. * Allotment at the weighted average yield/price from the competitive bidding. * Banks/PDs can charge up to six paise per ₹100 as brokerage/service charges. Impact Analysis: Successful Bidders: * Impact: Required to make payments for stock on July 08, 2019, including accrued interest. * Action Required: Ensure funds are available for payment on the specified date. Banks and Primary Dealers (PDs): * Impact: Responsible for submitting consolidated noncompetitive bids, allocating securities to clients, and ensuring timely transfer of securities. * Action Required: Establish CSGL accounts for retail investors, submit consolidated bids electronically, manage allotment and transfer of securities to clients within five working days, and furnish operational information to RBI. Retail Investors: * Impact: Opportunity to participate in government security auctions on a noncompetitive basis. * Action Required: Open a CSGL account with a bank or PD, submit a single bid through that entity, and provide payment to the bank or PD for the securities, accrued interest, and any applicable charges.

Key Entities Referenced

Government Stock: Securities being sold/reissued by the Government of India. Reserve Bank of India: The central bank of India, responsible for conducting the auction and managing government stock. Mumbai, Maharashtra: City in India where the Reserve Bank of India office is located and where the auction is conducted. Ministry of Finance: The ministry responsible for the notification regarding the sale/reissue of government stock. Department of Economic Affairs: A department within the Ministry of Finance. New Delhi: City and Union Territory in India, place of publication. Regional Rural Banks: Financial institutions eligible for non-competitive bidding. Core Banking Solution EKuber System: The Reserve Bank of India's electronic platform for submitting bids.
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx I—[k.M 1 PART I—Section 1 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 180] ubZ fnYyh] lkseokj] tqykbZ 1] 2019@ vk"kk< 10] 1941 No. 180] NEW DELHI, MONDAY, JULY 1, 2019/ASADHA 10, 1941 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:6)(cid:6)ंं(cid:6)(cid:6)ंं ााााललललयययय ((((आआआआ(cid:2)(cid:2)(cid:2)(cid:2)थथथथकककक ककककाााायययय (cid:7)(cid:7)(cid:7)(cid:7)ििििववववभभभभाााागगगग)))) ((((बबबबजजजजटटटट (cid:8)(cid:8)(cid:8)(cid:8)भभभभाााागगगग)))) अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:1)द(cid:3)ली, 1 जुलाई, 2019 ससससररररककककााााररररीीीी (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ((((जजजजीीीी एएएएसससस)))) कककक(cid:18)(cid:18)(cid:18)(cid:18) ििििबबबब(cid:20)(cid:20)(cid:20)(cid:20)(cid:18)(cid:18)(cid:18)(cid:18) ((((पपपपननननुुुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगग(cid:26)म(cid:26)म(cid:26)म(cid:26)म)))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी फफफफाााा.... सससस...ंं.ंं 4444((((6666))))----डडडड(cid:28)(cid:28)(cid:28)(cid:28)(cid:29)(cid:29) (cid:29)(cid:29) यय यय एएूूएएूू डडंंडडंं एएएएमममम////2222000011119999....————भारत सरकार एतद्(cid:6)ारा नीच े (cid:1)दए गए अनसु ार सरकारी (cid:19)टॉक, क(cid:22) िब(cid:25)(cid:22) ((((पपपपननननुुुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) )))) अिधसूिचत करती ह।ै (cid:1)ितभूित का नाम मूल िनग(cid:13)म क(cid:14) मूल अविध प(cid:20)रप(cid:22)ता क(cid:14) नीलामी नीलामी अिधसूिचत तारीख (वष(cid:13)-माह-(cid:17)दन) तारीख का क(cid:14) रािश आधार िविध (करोड़ म(cid:26)) 7.32% सरकारी (cid:1)ितभूित 2024 28 जनवरी, 2019 05-00-00 28 जनवरी, 2024 मू(cid:28)य िविवध 5,000 7.26% सरकारी (cid:1)ितभूित 2029 14 जनवरी, 2019 10-00-00 14 जनवरी, 2029 मू(cid:28)य िविवध 6,000 7.69% सरकारी (cid:1)ितभूित 2043 30 अ(cid:1)ैल, 2019 24-01-17 17 जून, 2043 मू(cid:28)य िविवध 2,000 7.72% सरकारी (cid:1)ितभूित 2049 15 अ(cid:1)ैल, 2019 30-02-00 15 जून, 2049 मू(cid:28)य िविवध 4,000 कुल अिधसिू चत रािश के अ(cid:30)यधीन 17,000 करोड़ "पए क(cid:22) सीमा तक भारत सरकार, उपयु&’ त एक या अिधक (ितभिू तय* के प+रपे,य म- (.य के म- 1,000 करोड़ "पए तक के अित+र/ अिभदान का िवक(cid:3)प बनाए रखेगी। यह िब(cid:25)(cid:22) इस अिधसूचना (िजस े 'िविश3ट अिधसूचना' कहा गया ह)ै म - उि(cid:3)लिखत शत4 के अधीन होगी। इस (ितभूित क(cid:22) िब(cid:25)(cid:22) भारतीय +रजव& ब8क, 3283 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] मुंबई कायाल& य, फोट&, मुंबई-400001 के मा(cid:30)यम स े भारत सरकार (cid:6)ारा जारी सामा:य अिधसूचना एफ.स<ं या 4(2)-ड>(cid:3)य ू ए?ड एम/2018, तारीख 27 माच &2018 म- िन@दA शत4 के अधीन क(cid:22) जाएगी। अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीीददददाााातततताााा&&&& ककककोोोो आआआआबबबबटटंंटटंं नननन 2. सरकारी (ितभूितय* क(cid:22) नीलािमय* म -अ(ित(cid:19)पधB बोली दने े क(cid:22) सुिवधा क(cid:22) संलC (cid:19)क(cid:22)म (अनुबंध) के अनसु ार, िब(cid:25)(cid:22) क(cid:22) अिधसिू चत रािश का 5 (ितशत तक सरकारी (cid:19)टॉक पाD E यि/य* और सं(cid:19)थाG को आबं+टत (cid:1)कया जाएगा । ननननीीीीललललााााममममीीीी ककककाााा (cid:15)(cid:15)(cid:15)(cid:15)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख 3. यह नीलामी भारतीय +रजव& ब8क, मुंबई काया&लय, फोट&, मुंबई-400001 (cid:6)ारा 00005555 जजजजललुुललुु ााााईईईई,,,, 2222000011119999,,,, को संचािलत क(cid:22) जाएगी। नीलामी हते ु बोिलया ं भारतीय +रजव& ब8क कोर ब8Iकग सो(cid:3)यूशन (ई-कुबेर) (णाली संबंधी इले’Kॉिनक (पD म - 00005555 जजजजललुुललुु ााााईईईई,,,, 2222000011119999 को ((cid:19)तुत क(cid:22) जानी चािहए। अ(ित(cid:19)पधB बोिलया ंपूवा&Lन 11.30 बजे स ेदोपहर 12.00 बजे के बीच और (ित(cid:19)पधB बोिलया ंपूवा&Lन 11.30 बजे स ेम(cid:30)याLन 12.30 बजे के बीच ((cid:19)तुत क(cid:22) जानी चािहए। ककककबबबब ििििननननगगगगिि(cid:26)(cid:26)िि(cid:26)(cid:26) ममममतततत ककककााााररररोोोोबबबबाााारररर 4. यह (cid:19)टॉक, भारतीय +रजव& ब8क (cid:6)ारा जारी (cid:1)दशािनदशM * के अनसु ार, 'कब िनगि& मत’ कारोबार के िलए पाD होगा। ििििननननगगगगमममम(cid:26)(cid:26)(cid:26)(cid:26) कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभगगुुगगुु तततताााानननन 5. नीलामी का प+रणाम भारतीय +रजव& ब8क (cid:6)ारा अपन ेफोट& ि(cid:19)थत मुंबई कायाल& य म - 00005555 जजजजललुुललुु ााााईईईई,,,, 2222000011119999,,,, को (दOशत (cid:1)कया जाएगा। सफल बोलीदाताG (cid:6)ारा भुगतान 00008888 जजजजललुुललुु ााााईईईई,,,, 2222000011119999 अथा&त ् पपपपननननुुुु (cid:24)(cid:24)(cid:24)(cid:24)ननननगगगगमम(cid:26)(cid:26)मम(cid:26)(cid:26) क(cid:22) तारीख को (cid:1)कया जाएगा। (cid:19)टॉक के िलए भुगतान म - नीलामी म- आब+ं टत (cid:19)टॉक के अ(cid:1)ं कत मू(cid:3)य पर, मलू िनग&म/अंितम कूपन भुगतान क(cid:22) तारीख से (ोQभूत >याज दये होन ेक(cid:22) तारीख तक (ोQभूत >याज शािमल होगा जैसा (cid:1)क परै ा 6 म- तािलका म- उि(cid:3)लिखत ह।ै (cid:28)(cid:28)(cid:28)(cid:28)ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककाााा पपपपननननुुुु भभभभगगु(cid:26)ु(cid:26)गगु(cid:26)ु(cid:26) तततताााानननन 6. मलू Oनगम& /अिं तम कूपन भुगतान क(cid:22) तारीख से (cid:19)टॉक के अं(cid:1)कत मू(cid:3)य पर >याज (ोQभूत होगा तथा इसका भुगतान अTव& ाOषक आधार पर (cid:1)कया जाएगा। (cid:19)टॉक का पनु भु&गतान प+रपVता क(cid:22) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा। (cid:8)(cid:8)(cid:8)(cid:8)ििििततततभभभभििििूूूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं तत तत मम मम ककककूूूूपपपपनननन (cid:21)(cid:21)(cid:21)(cid:21)ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:8)(cid:8)(cid:8)(cid:8)ोोोो(cid:24)(cid:24)(cid:24)(cid:24)भभभभततूूततूू ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:17)(cid:17)(cid:17)(cid:17) ततततााााररररीीीीखखखख ((((%%%%)))) भभभभगगुुगगुु तततताााानननन (cid:25)(cid:25)(cid:25)(cid:25)ययययााााजजजज ददददययेेययेे हहहह ैैैै ((((ममममााााहहहह////ततततााााररररीीीीखखखख)))) कककक(cid:17)(cid:17)(cid:17)(cid:17) ततततााााररररीीीीखखखख 7.32% सरकारी (cid:1)ितभूित 2024 7.32 नई (cid:1)ितभूित 07 जुलाई, 2019 28 जुलाई और 28 जनवरी 7.26% सरकारी (cid:1)ितभूित 2029 7.26 नई (cid:1)ितभूित 07 जुलाई, 2019 14 जुलाई और 14 जनवरी 7.69% सरकारी (cid:1)ितभूित 2043 7.69 17 जून, 2019 07 जुलाई, 2019 17 (cid:6)दसबं र और 17 जून 7.72% सरकारी (cid:1)ितभूित 2049 7.72 15 जून, 2019 07 जुलाई, 2019 15 (cid:6)दसबं र और 15 जून भारत के रा!पित के आदेश से, अर%वद &ीवा(तव, संयु+ सिचव अअअअननननबबुुबबुु धधंंधधंं ससससररररककककााााररररीीीी ििििततततभभभभििूूििूू ततततयययय++++ कककक(cid:18)(cid:18)(cid:18)(cid:18) ननननीीीीललललााााममममीीीी मममम ,,,,अअअअ िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध#### बबबबोोोोललललीीीी ससससििुुििुुववववधधधधाााा (cid:15)(cid:15)(cid:15)(cid:15)कककक(cid:18)(cid:18)(cid:18)(cid:18)मममम IIII.... ककककाााायययय--(cid:26)(cid:26)--(cid:26)(cid:26) े(cid:6)े(cid:6)े(cid:6)े(cid:6):::: सरकारी (ितभिू तय* क(cid:22) Wापक भागीदारी और खुदरा धा+रता को (ो.साहन देने क(cid:22) दिृ A स े भारत सरकार क(cid:22) (cid:1)दना(cid:1)ं कत (ितभिू तय* क(cid:22) चयिनत नीलािमय* म - "अ(ित(cid:19)पधB" आधार पर भागीदारी क(cid:22) अनुमित दने े का ((cid:19)ताव (cid:1)कया गया ह।ै तQनसु ार, (cid:1)दनां(cid:1)कत (ितभिू तय* क(cid:22) नीलािमय* म - अिधसिू चत रािश के 5 (ितशत तक क(cid:22) अ(ित(cid:19)पधB बोिलया ं (cid:19)वीकार क(cid:22) जाएंगी। (ारिYत रािश अिधसिू चत रािश के अअअअ////ततततगगगगतत(cid:26)(cid:26)तत(cid:26)(cid:26) होगी। IIIIIIII.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:22) (cid:1)दनां(cid:1)कत (ितभिू तय* क(cid:22) नीलािमय* म - अ(ित(cid:19)पधB आधार पर ऐस े िनवेशक* के िलए भागीदारी खुली होगी जो िनZिलिखत शत4 को पूरा करते ह:8 1. जो भारतीय +रजव& ब8क के पास चाल ूखाता (सीए) अथवा सहायक सामा:य बही (एसजीएल) खाता नह[ रखत ेह;8¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3 अअअअपपपपववववाााादददद:::: YेDीय \ामीण ब8क* (आरआरबी) और सहकारी ब8क* को उनके सािं विधक दािय.व* के दिृAगत इस (cid:19)क(cid:22)म के अधीन शािमल (cid:1)कया जाएगा। 2. जो (ित नीलामी दो करोड़ "पए (अं(cid:1)कत मू(cid:3)य) से अनिधक रािश के िलए एक ही बोली लगाते ह;8 3. जो यह (cid:19)क(cid:22)म (दान करन े वाल े (cid:1)कसी एक ब8क अथवा (ाथिमक डीलर के मा(cid:30)यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प स े ((cid:19)तुत करत ेह8। अअअअपपपपववववाााादददद:::: ऐस े YेDीय \ामीण ब8क (आरआरबी) तथा सहकारी ब8क जो भारतीय +रजव& ब8क म - एस.जी.एल.खाता और चाल ू खाता रखत ेह,8 अपनी अ(ित(cid:19)पधB बोिलय* को (.यY ]प से ((cid:19)तुत करन ेके िलए पाD ह*गे। IIIIIIIIIIII.... 0000ाााापपपपककककतततताााा:::: उपयु&/ शत4 के अधीन "अ(ित(cid:19)पधB" आधार पर फम4, कंपिनय*, िनगिमत िनकाय*, सं(cid:19)थाG, भिव3य िनिधय*, :यास* और भारतीय +रजव& ब8क (cid:6)ारा यथा-िनधा+& रत (cid:1)कसी अ:य कंपनी सिहत (cid:1)कसी भी Wि/ के िलए भागीदारी खुली ह।ै बोली दने े क(cid:22) :यूनतम रािश 10,000 "पए (अं(cid:1)कत मू(cid:3)य) और उसके बाद 10,000 "पए के गुणज* म - होगी जैसा अब तक (cid:1)दना(cid:1)ं कत (cid:19)टॉक के िलए ह।ै IIIIVVVV.... अअअअ////यययय चचचचााााललललननननाााा2222ममममकककक 3333ददददशशशशााााििििननननददददशश55शश55 :::: 1111.... खुदरा िनवेशक के िलए उस ब8क अथवा (ाथिमक डीलर, िजनके मा(cid:30)यम स े वे भाग लेना चाहत े ह,8 के पास एक संघटक सहायक सामा:य बही (सीएसजीएल) खाता रखना अिनवाय& होगा। कोई भी िनवेशक इस (cid:19)क(cid:22)म के अधीन (cid:1)दना(cid:1)ं कत (ितभिू त क(cid:22) (cid:1)कसी नीलामी म - केवल एक बोली म - भाग ल ेसकता ह।ै इस आशय का वचन (cid:1)क िनवेशक केवल एक बोली द ेरहा ह,ै ब8क अथवा (ाथिमक डीलर (cid:6)ारा (ा^ (cid:1)कया जाना और +रकाड &म -रखा जाना होगा। 2. अपन े\ाहक* स े (ा^ प_े आडर& के आधार पर (.येक ब8क अथवा (ाथिमक डीलर भारतीय +रजव& ब8क कोर ब8Iकग सो(cid:3)यूशन (ई-कुबरे ) (णाली सबं ंधी इले’Kॉिनक (पD म -अपन े \ाहक* क(cid:22) ओर स ेएक एकल समे(cid:1)कत अ(ित(cid:19)पधB बोली ((cid:19)तुत करेगा। असाधारण प+रि(cid:19)थितय*, जैसे भारतीय +रजव& ब8क कोर ब8Iकग सो(cid:3)यूशन (ई-कुबेर) (णाली म- सामा:य गड़बड़ी को छोड़कर, भौितक ]प म- अ(ित(cid:19)पधB बोली (cid:19)वीकार नह[ क(cid:22) जाएगी। 3. ब8क अथवा (ाथिमक डीलर को अ(ित(cid:19)पधB खंड के अधीन आबंटन (ितलाभ/क(cid:22)मत क(cid:22) उस भारांिशत औसत दर पर होगा, जो (ित(cid:19)पधB बोली दने े के आधार पर नीलामी म -सामन ेआएगी। इस बात पर (cid:30)यान (cid:1)दए िबना (cid:1)क ब8क अथवा (ाथिमक डीलर न ेअपन े \ाहक* स ेभुगतान (ा^ कर िलया ह ैया नह[, िनगम& क(cid:22) तारीख को भुगतान (ा^ करके ब8क या (ाथिमक डीलर को (ितभिू तया ंजारी क(cid:22) जाएंगी। 4. ऐस े मामल े म,- जहा ं बोली क(cid:22) रािश (ारिYत रािश (अिधसिू चत रािश के 5 (ितशत) स े अिधक ह ै यथानुपात आबंटन (cid:1)कया जाएगा। आंिशक आबंटन* के मामल े म-, यह ब8क अथवा (ाथिमक डीलर* का दािय.व होगा (cid:1)क वह अपन े\ाहक* को (ितभूितय* का उिचत आबंटन एक पारदशB तरीके स ेकर-। 5. ऐस ेमामल ेम -जहां बोली रािश (ारिYत रािश स ेकम हो, कमी को (ित(cid:19)पधB भाग म- शािमल (cid:1)कया जाएगा। 6. (ितभिू त को भारतीय +रजव& ब8क (cid:6)ारा केवल एसजीएल ]प म - जारी (cid:1)कया जाएगा। भारतीय +रजव& ब8क इस े या तो ब8क अथवा (ाथिमक डीलर के मु<य एसजीएल खात े अथवा सीएसजीएल खात े म - जमा करेगा,जैसा(cid:1)क उनके (cid:6)ारा िनदशM (cid:1)दया गया ह।ै मु<य एसजीएल खात े म - जमा करने क(cid:22) सुिवधा एकमाD उन िनवेशक* क(cid:22) सेवा के (योजनाथ & ह ैजो उनके घटक नह[ ह।8 अतः ब8क अथवा (ाथिमक डीलर* को अ(ित(cid:19)पधB बोिलय* क(cid:22) िनिवदा दते े समय उनके एसजीएल खाते और सीएसजीएल खात े म - जमा होन े वाली रािशय* (अं(cid:9)कत मू(cid:14)य) को (cid:19)प3 ट ]प से दशान& ा होगा। बाद म - िनवेशक के अनुरोध पर म<ु य एसजीएल खाते से वा(cid:19)तिवक ]प म - क(cid:22) गई सुपुदग& ी (cid:19)वीकाय &ह।ै 7. यह ब8क अथवा (ाथिमक डीलर का दािय.व ह ै (cid:1)क वह \ाहक को (ितभिू तया ं ह(cid:19)तांत+रत करे। असाधारण प+रि(cid:19)थितय* को छोड़कर, \ाहक* को (ितभिू तय* का अंतरण िनग&म क(cid:22) ितिथ स ेपांच काय &(cid:1)दवस* के भीतर पूरा (cid:1)कया जाएगा। 8. ब8क अथवा (ाथिमक डीलर अपन े \ाहक* को यह सेवा दने े के िलए छह पैस े (ित सौ "पए तक दलाली/कमीशन/सेवा (भार के ]प म -वसूल कर सकते ह।8 ऐसी क(cid:22)मत िब(cid:25)(cid:22) मू(cid:3)य म - शािमल क(cid:22) जा सकती ह ैया \ाहक* स े अलग से वसूल क(cid:22) जा सकती ह।ै ऐस े मामल े म - जहा ं (ितभिू तय* का अंतरण (ितभूित क(cid:22) िनगम& ितिथ के बाद (भावी होता हो, ब8क या (ाथिमक डीलर को \ाहक (cid:6)ारा दये (ितफल रािश म - िनग&म ितिथ स े उपिचत >याज शािमल होगा।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 9. (ितभिू तय* क(cid:22) लागत, उपिचत >याज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा (भार* के िलए \ाहक* स े भुगतान (ा^ करन े क(cid:22) काय-& (णाली,ब8क या (ाथिमक डीलर (cid:6)ारा \ाहक के साथ क(cid:22) गई सहमित के अनुसार तैयार क(cid:22) जाएगी। यह उ(cid:3)लेखनीय ह ै (cid:1)क (cid:1)कसी अ:य लागत, जैसे िनिधकरण लागत को म(cid:3)ू य म - शािमल नह[ (cid:1)कया जाना चािहए या \ाहक* स ेवसूल नह[ (cid:1)कया जाना चािहए। VVVV.... ब8क* और (ाथिमक डीलर* को भारतीय +रजव& ब8क (ब8क) (cid:6)ारा समय-समय पर मांगी गई योजना के तहत संचालन* स े संबंिधत सूचना िनधा&+रत समय सीमा के अंतग&त ब8क को ((cid:19)तुत करनी होगी। VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदशM ब8क (cid:6)ारा समीYा के अधीन ह ै और तQनुसार, जब भी आव‘यकता होगी, योजना को संशोिधत (cid:1)कया जाएगा। MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 1st July, 2019 Auction for Sale (Re-issue) of Government Stock (GS) F. No. 4(6)W&M/2019.—Government of India hereby notifies sale (re-issue) of the following Government Stocks: Name of the Date of Original Date of Auction Auction Notified Security Original Issue Tenure Maturity Basis Method Amount (yy-mm-dd) (in ` Crore) 7.32% GS 2024 Jan. 28, 2019 05-00-00 Jan. 28, 2024 Price Multiple 5,000 7.26% GS 2029 Jan. 14, 2019 10-00-00 Jan. 14, 2029 Price Multiple 6,000 7.69% GS 2043 Apr. 30, 2019 24-01-17 Jun. 17, 2043 Price Multiple 2,000 7.72% GS 2049 Apr. 15, 2019 30-02-00 Jun. 15, 2049 Price Multiple 4,000 Subject to the limit of ` 17,000 crore, being total notified amount, Government of India will have the option to retain additional subscription up to ` 1,000 crore each against any one or more of the above securities. The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’). The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per the terms and conditions specified in the General Notification F.No.4(2)–W&M/ 2018, dated March 27, 2018 issued by Government of India. Allotment to Non-competitive Bidders 2. The Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex). Place and date of auction 3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 on July 05, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on July 05, 2019. The non-competitive bids should be submitted between 11.30 a.m. and 12.00 noon and the competitive bids should be submitted between 11.30 a.m. and 12.30 p.m. When Issued Trading 4. The Stocks will be eligible for “When Issued” trading in accordance with the guidelines issued by the Reserve Bank of India.¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5 Date of issue and payment for the stock 5. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on July 05, 2019. The payment by successful bidders will be on July 08, 2019 i.e. the date of re-issue. The payment for the Stocks will include accrued interest on the nominal value of the Stock allotted in the auction from the date of original issue/last coupon payment date to the date upto which accrued interest is due as mentioned in the table in para 6. Payment of Interest and Re-payment of Stock 6. Interest will accrue on the nominal value of the Stock from the date of original issue/last coupon payment and will be paid half yearly. The Stocks will be repaid at par on date of maturity. Name of the Coupon Date of Last Date upto which Date of Coupon Security rate (%) Coupon payment accrued interest is due payments (month/date) 7.32% GS 2024 7.32 New Security July 07, 2019 Jul. 28 and Jan. 28 7.26% GS 2029 7.26 New Security July 07, 2019 Jul. 14 and Jan. 14 7.69% GS 2043 7.69 Jun. 17, 2019 July 07, 2019 Dec. 17 and Jun. 17 7.72% GS 2049 7.72 Jun. 15, 2019 July 07, 2019 Dec. 15 and Jun. 15 By Order of the President of India, ARVIND SHRIVASTAVA, Jt. Secy ANNEX Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities I. Scope: With a view to encouraging wider participation and retail holding of Government securities, it is proposed to allow participation on “non-competitive” basis in select auctions of dated Government of India (GoI) securities. Accordingly, non-competitive bids up to 5 per cent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount. II. Eligibility: Participation on a non-competitive basis in the auctions of dated GOI securities will be open to investors who satisfy the following: 1. do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with the Reserve Bank of India. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks shall be covered under this Scheme in view of their statutory obligations. 2. make a single bid for an amount not more than ` two crore (face value) per auction 3. submit their bid indirectly through any one bank or PD offering this scheme. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks that maintain SGL account and current account with the Reserve Bank of India shall be eligible to submit their non competitive bids directly. III. Coverage: Subject to the conditions mentioned above, participation on “non-competitive” basis is open to any person including firms, companies, corporate bodies, institutions, provident funds, trusts, and any other entity as may be prescribed by RBI. The minimum amount for bidding will be ` 10,000 (face value) and thereafter in multiples in ` 10,000 as hitherto for dated stocks. IV. Other Operational Guidelines: 1. The retail investor desirous of participating in the auction under the Scheme would be required to maintain a constituent subsidiary general ledger (CSGL) account with the bank or PD through whom they wish to participate. Under the Scheme, an investor can make only a single bid in an auction of a dated security. An undertaking to the effect that the investor is making only a single bid will have to obtained and kept on record by the bank or PD.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 2. Each bank or PD on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid on behalf of all its constituents for each security in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) System. Except in extraordinary circumstances such as general failure of the Reserve Bank of India Core Banking Solution (E-Kuber) System, non-competitive bid in physical form will not be accepted. 3. Allotment under the non-competitive segment to the bank or PD will be at the weighted average rate of yield/price that will emerge in the auction on the basis of the competitive bidding. The securities will be issued to the bank or PD against payment on the date of issue irrespective of whether the bank or PD has received payment from their clients or not. 4. In case the aggregate amount of bid is more than the reserved amount (5% of notified amount), pro rata allotment would be made. In case of partial allotments, it will be the responsibility of the bank or PD to appropriately allocate securities to their clients in a transparent manner. 5. In case the aggregate amount of bids is less than the reserved amount, the shortfall will be taken to competitive portion. 6. Security would be issued only in SGL form by RBI. RBI would credit either the main SGL account or the CSGL account of the bank or PD as indicated by them. The facility for affording credit to the main SGL account is for the sole purpose of servicing investors who are not their constituents. Therefore, the bank or PD would have to indicate clearly at the time of tendering the non- competitive bids the amounts (face value) to be credited to their SGL account and the CSGL account. Delivery in physical form from the main SGL account is permissible at the instance of the investor subsequently. 7. It will be the responsibility of the bank or the PD to pass on the securities to their clients. Except in extraordinary circumstances, the transfer of securities to the clients shall be completed within five working days from the date of issue. 8. The bank or PD can recover up to six paise per ` 100 as brokerage/commission/service charges for rendering this service to their clients. Such costs may be built into the sale price or recovered separately from the clients. In case the transfer of securities is effected subsequent to the issue date of the security, the consideration amount payable by the client to the bank or PD would also include accrued interest from the date of issue. 9. Modalities for obtaining payment from clients towards cost of the securities, accrued interest wherever applicable and brokerage/commission/service charges may be worked out by the bank or PD as per agreement with the client. It may be noted that no other costs such as funding costs should be built into the price or recovered from the client. V. Banks and PDs will be required to furnish information relating to operations under the Scheme to the Reserve Bank of India (Bank) as may be called for from time to time within the time frame prescribed by the Bank. VI. The aforesaid guidelines are subject to review by the Bank and accordingly, if and when considered necessary, the Scheme will be modified. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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