Executive Summary:
This document announces the sale/reissue of Government Stocks by the Government of India, to be executed through auctions conducted by the Reserve Bank of India (RBI). The auction is scheduled for October 26, 2018, with payment due on October 29, 2018. It also outlines a scheme to encourage wider participation and retail holding of Government securities through non-competitive bidding.
Key Points / Main Content:
Government Stock Auction:
* Sale/reissue of Government Stocks with varying maturity dates (2023, 2032, 2035, 2045) and coupon rates (7.37%, 7.95%, 7.40%, 8.13%).
* Auction date: October 26, 2018, conducted by RBI, Mumbai.
* Bids to be submitted electronically via the RBI Core Banking Solution (EKuber) system on October 26, 2018.
* Non-competitive bids: 10:30 a.m. and 11:30 a.m.; competitive bids: 10:30 a.m. and 12:00 noon.
* Payment by successful bidders due on October 29, 2018, including accrued interest.
* Stocks are eligible for "When Issued" trading.
* 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.
Non-Competitive Bidding Facility:
* Up to 5% of the notified amount is reserved for non-competitive bids in auctions of dated Government of India securities.
* Eligibility: Investors who do not maintain current or SGL accounts with RBI (exceptions: RRBs and Cooperative Banks), single bid not exceeding two crore face value per auction, submit bids through a bank or PD offering the scheme.
* Minimum bid amount: 10,000 face value and in multiples of 10,000.
* Allotment at the weighted average rate of yield/price from competitive bidding.
Other Operational Guidelines for Non-Competitive Bidding:
* Retail investors must maintain a CSGL account with the bank or PD.
* Banks/PDs submit a single consolidated non-competitive bid for each security on behalf of their constituents.
* Securities issued in SGL form only.
* Transfer of securities to clients to be completed within five working days from the issue date.
* Brokerage/commission/service charges capped at six paise per 100.
Impact Analysis:
Investors (Retail and Institutional):
Impact: Opportunity to invest in government securities through auctions, including a non-competitive bidding option for smaller investors.
Action Required: If eligible and interested in non-competitive bidding, establish a CSGL account with a bank or PD and submit bids through them. Review the terms and conditions of the specific stock being auctioned.
Banks and Primary Dealers (PDs):
Impact: Serve as intermediaries for non-competitive bids, manage CSGL accounts for retail investors, and submit consolidated bids to RBI.
Action Required: Offer the non-competitive bidding facility to clients, establish CSGL accounts, submit consolidated bids, and ensure timely transfer of securities to clients. Furnish information relating to operations under the Scheme to the Reserve Bank of India.
Reserve Bank of India (RBI):
Impact: Conduct the auctions, allot securities, and manage the SGL accounts.
Action Required: Conduct auctions as per the specified schedule, allot securities based on bidding results, and credit securities to SGL/CSGL accounts.
Government of India:
Impact: Raise funds through the sale/reissue of government stocks.
Action Required: Monitor the auction process and ensure compliance with the terms and conditions.
Key Entities Referenced
Government of India: The issuer of the government stocks and the author of the notifications.
Ministry of Finance: The ministry under which the Department of Economic Affairs and Budget Division operate.
Department of Economic Affairs: A department within the Ministry of Finance.
Budget Division: A division within the Department of Economic Affairs.
Reserve Bank of India: The central bank of India, responsible for conducting the auction and managing government securities.
Mumbai, Maharashtra: Location of the Reserve Bank of India office where the auction is conducted.
Government Stock: Generic name of securities being sold in the auction
General Notification F.No.42WM 2018: A prior notification which specifies the terms and conditions of the auction of stocks
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EXTRAORDINARY
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PART I—Section 1
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No. 342] NEW DELHI, MONDAY, OCTOBER 22, 2018/ASVINA 30, 1940
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)ममममं(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, 22 अ(cid:7)त बू र, 2018
ससससररररककककााााररररीीीी (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ((((जजजजीीीी एएएएसससस)))) कककक(cid:18)(cid:18)(cid:18)(cid:18) ििििबबबब(cid:21)(cid:21)(cid:21)(cid:21)(cid:18)(cid:18)(cid:18)(cid:18) ((((पपपपननुुननुु (cid:2)(cid:2)(cid:2)(cid:2)ननननगगगगमम(cid:7)(cid:7)मम(cid:7)(cid:7) )))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी
फफफफाााा....सससस..ंं..ंं4444((((6666))))----डडडड(cid:27)(cid:27)(cid:27)(cid:27)(cid:28)(cid:28) (cid:28)(cid:28) यय यय एएूूएएूू ंंडडंंडडएएएएमममम////2222000011118888....———— भारत सरकार एतद्(cid:11)ारा नीचे (cid:1)दए गए अनुसार सरकारी (cid:22)टॉक, क(cid:25) िब(cid:28)(cid:25) ((((पपपपननुुननुु (cid:2)(cid:2)(cid:2)(cid:2)ननननगगगगमम(cid:7)(cid:7)मम(cid:7)(cid:7) ))))
अिधसूिचत करती ह।ै
(cid:8)(cid:8)(cid:8)(cid:8)ििििततततभभभभििूूििूूतततत ककककाााा ननननाााामममम ममममललूूललूू ििििननननगगगगमम(cid:7)(cid:7)मम(cid:7)(cid:7) कककक(cid:18)(cid:18)(cid:18)(cid:18) ममममललूूललूू अअअअववववििििधधधध पपपप$$$$ररररपपपप%%%%तततताााा कककक(cid:18)(cid:18)(cid:18)(cid:18) ननननीीीीललललााााममममीीीी ककककाााानननन ीीीीललललााााममममीीीी कककक(cid:18)(cid:18)(cid:18)(cid:18) अअअअििििधधधधससससििूूििूूचचचचतततत
आआआआधधधधाााारररर ििििववववििििधधधध
ततततााााररररीीीीखखखख ((((ववववषषषष--(cid:7)(cid:7)--(cid:7)(cid:7) ममममााााहहहह----""""ददददनननन)))) ततततााााररररीीीीखखखख ररररााााििििशशशश ((((ककककररररोोोोड़ड़ड़ड़ मममम))(())((
7.37% सरकारी (cid:29)ितभूित 2023 16 अ(cid:29)ैल, 2018 05-00-00 16 अ(cid:29)ैल, 2023 मू(cid:3)य िविवध 3,000
7.95% सरकारी (cid:29)ितभूित 2032 28 अग(cid:22)त, 2002 30-00-00 28 अग(cid:22)त, 2032 मू(cid:3)य िविवध 3,000
7.40% सरकारी (cid:29)ितभूित 2035 09 िसत" बर, 2005 30-00-00 09 िसत"ब र, 2035 मू(cid:3)य िविवध 2,000
8.13% सरकारी (cid:29)ितभूित 2045 22 जून, 2015 30-00-00 22 जून, 2045 म(cid:3)ू य िविवध 3,000
कुल अिधसूिचत रािश के अ%यधीन 11,000 करोड़ (पए क(cid:25) सीमा तक भारत सरकार, उपयु+(cid:7)त एक या अिधक (cid:29)ितभूितय, के प-रपे.य म/
(cid:29)0 येक म/ 1,000 करोड़ (पए तक के अित-र1 अिभदान का िवक(cid:3)प बनाए रखेगी। यह िब(cid:28)(cid:25) इस अिधसूचना (िजस े 'िविश5ट अिधसूचना'
कहा गया है) म /उि(cid:3)लिखत शत6 के अधीन होगी। इस (cid:22)टॉक क(cid:25) िब(cid:28)(cid:25) भारतीय -रजव +ब:क, मुंबई काया+लय, फोट+, मुंबई-400001 के मा%यम
6180 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
से भारत सरकार (cid:11)ारा जारी सामा<य अिधसूचना एफ.सं>या 4(2)-ड@(cid:3)यू एAड एम/2018, तारीख 27 माच +2018 म /िनBदC शत6 के अधीन
क(cid:25) जाएगी।
अअअअ(cid:8)(cid:8)(cid:8)(cid:8)िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध++++ बबबबोोोोललललीीीीददददाााातततताााा,,,, ककककोोोो आआआआबबबबटटंंटटंं नननन
2. सरकारी (cid:29)ितभूितय, क(cid:25) नीलािमय, म / अ(cid:29)ित(cid:22)पधD बोली दने े क(cid:25) सुिवधा क(cid:25) संलE (cid:22)क(cid:25)म (अनबु ंध) के अनुसार, िब(cid:28)(cid:25) क(cid:25) अिधसिू चत
रािश का 5 (cid:29)ितशत तक सरकारी (cid:22)टॉक पाF G यि1य, और सं(cid:22)थाI 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 + ब:क, मुंबई काया+लय, फोट+, मुंबई-400001 (cid:11)ारा 22226666 अअअअ----तत तत बबूूबबूू रररर,,,, 2222000011118888 को संचािलत क(cid:25) जाएगी। नीलामी
हते ु बोिलयां भारतीय -रजव+ ब:क कोर ब:Jकग सो(cid:3)यूशन (ई-कुबेर) (cid:29)णाली संबंधी इले(cid:7)Lॉिनक (cid:29)पF म / 22226666 अअअअ----तत तत बबूूबबूू रररर,,,, 2222000011118888 को (cid:29)(cid:22)तुत क(cid:25)
जानी चािहए। अ(cid:29)ित(cid:22)पधD बोिलयां पपपपववूूववूू ाााा..(cid:7)(cid:7)..(cid:7)(cid:7) नननन 11110000....33330000 बबबबजजजज ेे ेे सससस ेे ेे पपपपववूूववूू ाााा..(cid:7)(cid:7)..(cid:7)(cid:7) नननन 11111111....33330000 बबबबजजजज ेेेे के बीच और (cid:29)ित(cid:22)पधD बोिलयां पपपपववूूववूू ाााा(cid:7).(cid:7).(cid:7).(cid:7).नननन 11110000....33330000 बबबबजजजज ेे ेे सससस ेे ेे
ददददोोोोपपपपहहहहरररर 11112222....00000000 बबबबजजजज ेेेेके बीच (cid:29)(cid:22)तुत क(cid:25) जानी चािहए।
ककककबबबब ििििननननगगगगिि(cid:7)(cid:7)िि(cid:7)(cid:7)ममममतततत ककककााााररररोोोोबबबबाााारररर
4. यह (cid:22)टॉक, भारतीय -रजव+ ब:क (cid:11)ारा जारी (cid:1)दशािनदशM , के अनुसार, 'कब िनग+िमत’ कारोबार के िलए पाF होगा।
ििििननननगगगगमम(cid:7)(cid:7)मम(cid:7)(cid:7) कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभुगुगुगुगतततताााानननन
5. नीलामी का प-रणाम भारतीय -रजव+ ब:क (cid:11)ारा अपने फोट+ ि(cid:22)थत मुंबई काया+लय म / 22226666 अअअअ----तत तत बबूूबबूू रररर,,,, 2222000011118888 को (cid:29)दOशत (cid:1)कया जाएगा।
सफल बोलीदाताI (cid:11)ारा भुगतान 22229999 अअअअ----तत तत बबूूबबूू रररर,,,, 2222000011118888 अथा+त ् पपपपननुुननुु (cid:2)(cid:2)(cid:2)(cid:2)ननननगगगगमम(cid:7)(cid:7)मम(cid:7)(cid:7) क(cid:25) तारीख को (cid:1)कया जाएगा। (cid:22)टॉक के िलए भुगतान म/ नीलामी म /
आबं-टत (cid:22)टॉक के अं(cid:1)कत मू(cid:3)य पर, मूलिनग+म/अंितम कूपन भुगतान क(cid:25) तारीख स े (cid:29)ोRभूत @याज देय होने क(cid:25) तारीख तक (cid:29)ोRभूत @याज
शािमल होगा जैसा (cid:1)क पैरा 6 म/ तािलका म/ उि(cid:3)लिखत ह।ै
(cid:27)(cid:27)(cid:27)(cid:27)ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककाााा पपपपननुुननुु भभभभु(cid:7)गु(cid:7)गु(cid:7)गु(cid:7)गतततताााानननन
6. मूल Oनग+म/अंितम कूपन भुगतान क(cid:25) तारीख से (cid:22)टॉक के अं(cid:1)कत म(cid:3)ू य पर @याज (cid:29)ोRभूत होगा तथा इसका भुगतान अTव+ ाOषक आधार पर
(cid:1)कया जाएगा। (cid:22)टॉक का पुनभु+गतान प-रपVता क(cid:25) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा।
(cid:8)(cid:8)(cid:8)(cid:8)ििििततततभभभभििूूििूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं तततत मममम ककककूूूूपपपपनननन भभभभुगुगुगुगतततताााानननन """"ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:8)(cid:8)(cid:8)(cid:8)ोोोो2222भभभभततूूततूू ककककूूूूपपपपनननन भभभभुगुगुगुगतततताााानननन कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख
((((%%%%)))) (cid:27)(cid:27)(cid:27)(cid:27)ययययााााजजजज ददददययेेययेे हहहह ैै ैै
कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख ((((ततततााााररररीीीीखखखख////ममममााााहहहह))))
7.37% सरकारी (cid:29)ितभूित 2023 7.37 16 अ(cid:7)त बू र, 2018 28 अ(cid:7)त बू र, 2018 16 अ(cid:29)ैल और 16 अ(cid:7)त ूबर
7.95% सरकारी (cid:29)ितभूित 2032 7.95 28 अग(cid:22)त, 2018 28 अ(cid:7)त बू र, 2018 28 फरवरी और 28 अग(cid:22)त
7.40% सरकारी (cid:29)ितभूित 2035 7.40 09 िसत"ब र,,,, 2018 28 अ(cid:7)त बू र, 2018 09 माच + और 09 िसत"ब र
8.13% सरकारी (cid:29)ितभूित 2045 8.13 22 जून, 2018 28 अ(cid:7)त बू र, 2018 22 (cid:1)दसंबर और 22 जून
भारत के राWपित के आदेश से,
अरXवद Yीवा(cid:22)तव, संयु1 सिचव
अअअअननननबबुुबबुु धधंंधधंं
ससससररररककककााााररररीीीी (cid:8)(cid:8)(cid:8)(cid:8)ििििततततभभभभििूूििूूततततयययय6666 कककक(cid:18)(cid:18)(cid:18)(cid:18) ननननीीीीललललााााममममीीीी मममम (( ((अअअअ(cid:8)(cid:8)(cid:8)(cid:8)िििि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.... ककककाााायययय77(cid:7)(cid:7)77(cid:7)(cid:7) 88ेे88ेे :::: सरकारी (cid:29)ितभूितय, क(cid:25) Zापक भागीदारी और खुदरा धा-रता को (cid:29)ो0साहन दने े क(cid:25) दिृC से भारत सरकार क(cid:25) (cid:1)दनां(cid:1)कत
(cid:29)ितभूितय, क(cid:25) चयिनत नीलािमय, म / "अ(cid:29)ित(cid:22)पधD" आधार पर भागीदारी क(cid:25) अनुमित दने े का (cid:29)(cid:22)ताव (cid:1)कया गया ह।ै तRनुसार, (cid:1)दनां(cid:1)कत
(cid:29)ितभूितय, क(cid:25) नीलािमय, म / अिधसूिचत रािश के 5 (cid:29)ितशत तक क(cid:25) अ(cid:29)ित(cid:22)पधD बोिलयां (cid:22)वीकार क(cid:25) जाएंगी। (cid:29)ारि\त रािश अिधसूिचत
रािश के अअअअ9999ततततगगगगतत(cid:7)(cid:7)तत(cid:7)(cid:7) होगी।¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
IIIIIIII.... पपपपाााा8888तततताााा :::: भारत सरकार क(cid:25) (cid:1)दनां(cid:1)कत (cid:29)ितभूितय, क(cid:25) नीलािमय, म / अ(cid:29)ित(cid:22)पधD आधार पर ऐसे िनवेशक, के िलए भागीदारी खुली
होगी जो िन]िलिखत शत6 को पूरा करते ह::
1. जो भारतीय -रजव+ ब:क के पास चालू खाता (सीए) अथवा सहायक सामा<य बही (एसजीएल) खाता नह^ रखते ह;:
अअअअपपपपववववाााादददद:::: \ेFीय _ामीण ब:क, (आरआरबी) और सहकारी ब:क, को उनके सांिविधक दािय0व, के दिृCगत इस (cid:22)क(cid:25)म के अधीन शािमल
(cid:1)कया जाएगा।
2. जो (cid:29)ित नीलामी दो करोड़ (पए (अं(cid:1)कत मू(cid:3)य) से अनिधक रािश के िलए एक ही बोली लगाते ह;:
3. जो यह (cid:22)क(cid:25)म (cid:29)दान करने वाले (cid:1)कसी एक ब:क अथवा (cid:29)ाथिमक डीलर के मा%यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प से (cid:29)(cid:22)तुत करते
ह।:
अअअअपपपपववववाााादददद:::: ऐसे \ेFीय _ामीण ब:क (आरआरबी) तथा सहकारी ब:क जो भारतीय -रजव + ब:क म / एस.जी.एल.खाता और चालू खाता
रखते ह,: अपनी अ(cid:29)ित(cid:22)पधD बोिलय, को (cid:29)0य\ ‘प स े(cid:29)(cid:22)तुत करने के िलए पाF ह,गे।
IIIIIIIIIIII.... ::::ाााापपपपककककतततताााा:::: उपयु+1 शत6 के अधीन "अ(cid:29)ित(cid:22)पधD" आधार पर फम6, कंपिनय,, िनगिमत िनकाय,, सं(cid:22)थाI, भिव5य िनिधय,, <यास, और
भारतीय -रजव+ ब:क (cid:11)ारा यथा-िनधा+-रत (cid:1)कसी अ<य कंपनी सिहत (cid:1)कसी भी Zि1 के िलए भागीदारी खुली ह।ै बोली दने े क(cid:25) <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)दनां(cid:1)कत (cid:22)टॉक के िलए ह।ै
IIIIVVVV.... अअअअ9999यययय (cid:8)(cid:8)(cid:8)(cid:8)चचचचााााललललननननाााा<<<<ममममकककक """"ददददशशशशााााििििननननददददशश>>शश>> ::::
1111.... खुदरा िनवेशक के िलए उस ब:क अथवा (cid:29)ाथिमक डीलर, िजनके मा%यम से वे भाग लेना चाहते ह,: के पास एक संघटक सहायक
सामा<य बही (सीएसजीएल) खाता रखना अिनवाय + होगा। कोई भी िनवेशक इस (cid:22)क(cid:25)म के अधीन (cid:1)दनां(cid:1)कत (cid:29)ितभूित क(cid:25) (cid:1)कसी
नीलामी म / केवल एक बोली म / भाग ले सकता ह।ै इस आशय का वचन (cid:1)क िनवेशक केवल एक बोली द ेरहा ह,ै ब:क अथवा (cid:29)ाथिमक
डीलर (cid:11)ारा (cid:29)ाa (cid:1)कया जाना और -रकाड+ म /रखा जाना होगा।
2. अपने _ाहक, से (cid:29)ाa पbे आड+र के आधार पर (cid:29)0येक ब:क अथवा (cid:29)ाथिमक डीलर भारतीय -रजव +ब:क कोर ब:Jकग सो(cid:3)यूशन (ई-
कुबेर) (cid:29)णाली संबंधी इले(cid:7)Lॉिनक (cid:29)पF म / अपन े_ाहक, क(cid:25) ओर से एक एकल समे(cid:1)कत अ(cid:29)ित(cid:22)पधD बोली (cid:29)(cid:22)तुत करेगा। असाधारण
प-रि(cid:22)थितय,, जैसे भारतीय -रजव + ब:क कोर ब:Jकग सो(cid:3)यूशन (ई-कुबेर) (cid:29)णाली म / सामा<य गड़बड़ी को छोड़कर, भौितक ‘प म /
अ(cid:29)ित(cid:22)पधD बोली (cid:22)वीकार नह^ क(cid:25) जाएगी।
3. ब:क अथवा (cid:29)ाथिमक डीलर को अ(cid:29)ित(cid:22)पधD खंड के अधीन आबंटन (cid:29)ितलाभ/क(cid:25)मत क(cid:25) उस भारांिशत औसत दर पर होगा,
जो (cid:29)ित(cid:22)पधD बोली दने े के आधार पर नीलामी म / सामन े आएगी। इस बात पर %यान (cid:1)दए िबना (cid:1)क ब:क अथवा (cid:29)ाथिमक डीलर न े
अपने _ाहक, से भुगतान (cid:29)ाa कर िलया ह ैया नह^, िनग+म क(cid:25) तारीख को भुगतान (cid:29)ाa करके ब:क या (cid:29)ाथिमक डीलर को (cid:29)ितभूितया ं
जारी क(cid:25) जाएंगी।
4. ऐस े मामले म,/ जहां बोली क(cid:25) रािश (cid:29)ारि\त रािश (अिधसूिचत रािश के 5 (cid:29)ितशत) से अिधक है यथानुपात आबंटन (cid:1)कया
जाएगा। आंिशक आबंटन, के मामले म,/ यह ब:क अथवा (cid:29)ाथिमक डीलर, का दािय0व होगा (cid:1)क वह अपने _ाहक, को (cid:29)ितभूितय, का
उिचत आबंटन एक पारदशD तरीके से कर/।
5. ऐस ेमामल ेम /जहां बोली रािश (cid:29)ारि\त रािश स ेकम हो, कमी को (cid:29)ित(cid:22)पधD भाग म /शािमल (cid:1)कया जाएगा।
6. (cid:29)ितभूित को भारतीय -रजव+ ब:क (cid:11)ारा केवल एसजीएल ‘प म / जारी (cid:1)कया जाएगा। भारतीय -रजव+ ब:क इसे या तो ब:क
अथवा (cid:29)ाथिमक डीलर के मु>य एसजीएल खात े अथवा सीएसजीएल खाते म / जमा करेगा,जैसा(cid:1)क उनके (cid:11)ारा िनदशM (cid:1)दया गया ह।ै
मु>य एसजीएल खाते म / जमा करने क(cid:25) सुिवधा एकमाF उन िनवेशक, क(cid:25) सेवा के (cid:29)योजनाथ + ह ै जो उनके घटक नह^ ह।: अतः ब:क
अथवा (cid:29)ाथिमक डीलर, को अ(cid:29)ित(cid:22)पधD बोिलय, क(cid:25) िनिवदा दते े समय उनके एसजीएल खात े और सीएसजीएल खात े म / जमा होन े
वाली रािशय, (अं(cid:9)कत मू(cid:14)य) को (cid:22)प5 ट ‘प से दशा+ना होगा। बाद म /िनवेशक के अनुरोध पर मु>य एसजीएल खात ेसे वा(cid:22)तिवक ‘प
म /क(cid:25) गई सुपुदग+ ी (cid:22)वीकाय +ह।ै4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
7. यह ब:क अथवा (cid:29)ाथिमक डीलर का दािय0व है (cid:1)क वह _ाहक को (cid:29)ितभूितया ं ह(cid:22)तांत-रत करे। असाधारण प-रि(cid:22)थितय, को
छोड़कर, _ाहक, को (cid:29)ितभूितय, का अंतरण िनग+म क(cid:25) ितिथ से पांच काय +(cid:1)दवस, के भीतर पूरा (cid:1)कया जाएगा।
8. ब:क अथवा (cid:29)ाथिमक डीलर अपने _ाहक, को यह सेवा दने े के िलए छह पैसे (cid:29)ित सौ (पए तक दलाली/कमीशन/सेवा (cid:29)भार के
‘प म / वसूल कर सकते ह:। ऐसी क(cid:25)मत िब(cid:28)(cid:25) मू(cid:3)य म / शािमल क(cid:25) जा सकती है या _ाहक, स े अलग से वसूल क(cid:25) जा सकती ह।ै ऐस े
मामले म / जहां (cid:29)ितभूितय, का अतं रण (cid:29)ितभूित क(cid:25) िनग+म ितिथ के बाद (cid:29)भावी होता हो, ब:क या (cid:29)ाथिमक डीलर को _ाहक (cid:11)ारा
दये (cid:29)ितफल रािश म /िनग+म ितिथ से उपिचत @याज शािमल होगा।
9. (cid:29)ितभूितय, क(cid:25) लागत, उपिचत @याज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा (cid:29)भार, के िलए _ाहक, से भुगतान (cid:29)ाa
करने क(cid:25) काय-+ (cid:29)णाली,ब:क या (cid:29)ाथिमक डीलर (cid:11)ारा _ाहक के साथ क(cid:25) गई सहमित के अनुसार तैयार क(cid:25) जाएगी। यह उ(cid:3)लेखनीय है
(cid:1)क (cid:1)कसी अ<य लागत, जैसे िनिधकरण लागत को मू(cid:3)य म / शािमल नह^ (cid:1)कया जाना चािहए या _ाहक, से वसूल नह^ (cid:1)कया जाना
चािहए।
VVVV.... ब:क, और (cid:29)ाथिमक डीलर, को भारतीय -रजव+ ब:क (ब:क) (cid:11)ारा समय-समय पर मांगी गई योजना के तहत संचालन, स े संबंिधत सूचना
िनधा+-रत समय सीमा के अंतग+त ब:क को (cid:29)(cid:22)तुत करनी होगी।
VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदशM ब:क (cid:11)ारा समी\ा के अधीन है और तRनुसार, जब भी आवcयकता होगी, योजना को संशोिधत (cid:1)कया
जाएगा।
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 22nd October, 2018
Auction for Sale (Re-issue) of Government Stock (GS)
F.No.4(6)W&M/2018.—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)
7.37% GS 2023 Apr. 16, 2018 05-00-00 Apr. 16, 2023 Price Multiple 3,000
7.95% GS 2032 Aug. 28, 2002 30-00-00 Aug. 28, Price Multiple 3,000
2032
Sep. 09, Price Multiple
7.40% GS 2035 Sep. 09, 2005 30-00-00 2,000
2035
8.13% GS 2045 Jun. 22, 2015 30-00-00 Jun. 22, 2045 Price Multiple 3,000
Subject to the limit of ` 11,000 crore, being total notified amount, GoI 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).¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
Place and date of auction
3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai - 400 001 on
October 26, 2018. Bids for the auction should be submitted in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) system on October 26, 2018. The non-competitive bids should be submitted
between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and
12.00 noon.
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.
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
October 26, 2018. The payment by successful bidders will be on October 29, 2018 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 payments
accrued interest is due
(month/date)
7.37% GS 2023 7.37 Oct. 16, 2018 Oct. 28, 2018 Apr. 16 and Oct. 16
7.95% GS 2032 7.95 Aug. 28, 2018 Oct. 28, 2018 Feb. 28 and Aug. 28
7.40% GS 2035 7.40 Sept. 09, 2018 Oct. 28, 2018 Mar. 09 and Sept. 09
8.13% GS 2045 8.13 Jun. 22, 2018 Oct. 28, 2018 Dec. 22 and Jun. 22
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 other6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
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.
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 upto 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.