Home India Ministry of Finance Government of India hereby notifies sale re issue of the fol...
Date: 2019-06-10 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 notification announces the sale/reissue of Government Stocks by the Government of India. The auction will be conducted by the Reserve Bank of India on June 14, 2019, with payment due on June 17, 2019. It also details a scheme for non-competitive bidding in these auctions to encourage wider participation. Key Points / Main Content: Government Stock Sale/Reissue: * The Government of India is selling/reissuing multiple Government Stocks with varying maturity dates (2021, 2026, 2033, 2039, and 2059). * The auctions will be based on price multiples. * The total notified amount is ₹17,000 crore, with an option for the Government to retain additional subscriptions up to ₹1,000 crore for each security. Auction Details: * The auction will be conducted by the Reserve Bank of India (RBI) in Mumbai on June 14, 2019. * Bids must be submitted electronically via the RBI's Core Banking Solution (EKuber). * Non-competitive bids: 11:30 a.m. to 12:00 noon. * Competitive bids: 11:30 a.m. to 12:30 p.m. * Payment by successful bidders is due on June 17, 2019, including accrued interest. Non-Competitive Bidding Scheme: * Up to 5% of the notified amount is reserved for non-competitive bids. * Eligibility: Investors without a current account or SGL account with RBI (exceptions for RRBs and Cooperative Banks). * Single bid limit: ₹2 crore face value per auction. * Bids must be submitted through a bank or PD offering the scheme (exceptions for RRBs and Cooperative Banks with SGL accounts). * Minimum bid amount: ₹10,000 face value, and in multiples thereof. * Allotment will be at the weighted average yield/price from the competitive bidding. Interest and Repayment: * Interest accrues from the original issue/last coupon payment date and is paid semi-annually. * Stocks will be repaid at par on the maturity date. Impact Analysis Retail Investors: * Impact: Opportunity to participate in Government Security auctions through the non-competitive bidding scheme, potentially expanding their investment portfolio. * Action Required: Open a CSGL account with a bank or PD, submit bids through them, and ensure funds are available for payment by June 17, 2019, if the bid is successful. Banks/Primary Dealers (PDs): * Impact: Required to facilitate non-competitive bidding for their constituents and manage CSGL accounts. * Action Required: Establish processes for receiving bids, submitting consolidated bids via EKuber, allocating securities to clients, and providing information to RBI as required. Reserve Bank of India (RBI): * Impact: Responsible for conducting the auction and managing the allotment process. * Action Required: Conduct the auction on June 14, 2019, display results, and credit securities to successful bidders' accounts. Government of India: * Impact: Raises funds through the sale/reissue of Government Stocks. * Action Required: Monitor the auction process and exercise the option to retain additional subscriptions if desired.

Key Entities Referenced

Government of India: The issuer of the Government Stocks and the entity notifying the sale reissue. Reserve Bank of India: The central bank that conducts the auction and manages the Government Stocks. Mumbai Office, Fort, Mumbai 400 001, Maharashtra: The specific branch office of the Reserve Bank of India where the auction is conducted and results are displayed. Ministry of Finance: The ministry under which the Department of Economic Affairs and Budget Division operate. Department of Economic Affairs: The department within the Ministry of Finance responsible for the notification. Budget Division: The division within the Department of Economic Affairs that issued the notification. Government Stock: The financial instrument being auctioned/reissued. ARVIND SHRIVASTAVA: Jt. Secy., signatory of the notification from the Government of India.
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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- 161] ubZ fnYyh] lkseokj] twu 10] 2019@T;s"B 20] 1941 No. 161] NEW DELHI, MONDAY, JUNE 10, 2019/JYAISTHA 20, 1941 िििि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, 10 जून, 2019 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)ननननगगगग(cid:7)म(cid:7)म(cid:7)म(cid:7)म)))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी एएएएफफफफ.... सससस...ंं.ंं 4444((((6666))))----डडडड(cid:11)(cid:11)(cid:11)(cid:11)(cid:13)(cid:13) (cid:13)(cid:13) यय यय एएूूएएूू डडंंडडंं एएएएमममम////2222000011119999....————भारत सरकार एतद(cid:4)ारा नीचे (cid:12)दए गए अनुसार सरकारी (cid:18)टॉक, क(cid:21) िब(cid:24)(cid:21) ((((पपपपननननुुुु (cid:18)(cid:18)(cid:18)(cid:18)ननननगगगगमम(cid:20)(cid:20)मम(cid:20)(cid:20) )))) अिधसूिचत करती ह।ै (cid:6)ितभूित का नाम मूल िनग(cid:17)म क(cid:18) मूल अविध प(cid:22)रप(cid:24)ता क(cid:18) नीलामी का नीलामी क(cid:18) अिधसूिचत रािश तारीख (वष(cid:17)-माह-(cid:1)दन) तारीख आधार िविध (करोड़ म(cid:27)) 7.00% सरकारी (cid:6)ितभूित 2021 21 जनवरी, 2019 02-00-00 21 जनवरी, 2021 मू(cid:3)य िविवध 3,000 7.27% सरकारी (cid:6)ितभूित 2026 08 अ(cid:6)ैल, 2019 07-00-00 08 अ(cid:6)ैल, 2026 मू(cid:3)य िविवध 3,000 7.57% सरकारी (cid:6)ितभूित 2033 20 मई, 2019 14-00-27 17 जून, 2033 मू(cid:3)य िविवध 5,000 7.62% सरकारी (cid:6)ितभूित 2039 08 अ(cid:6)ैल, 2019 20-05-07 15 िसत बर, 2039 मू(cid:3)य िविवध 2,000 7.63% सरकारी (cid:6)ितभूित 2059 06 मई, 2019 40-01-11 17 जून, 2059 मू(cid:3)य िविवध 4,000 कुल अिधसूिचत रािश के अ’यधीन 17,000 करोड़ (पए क(cid:18) सीमा तक भारत सरकार, उपयु(cid:17)+ त एक या अिधक (cid:6)ितभूितय, के प(cid:22)रपे- य म(cid:27) (cid:6).य ेक म(cid:27) 1,000 करोड़ (पए तक के अित(cid:22)र/ अिभदान का िवक(cid:3)प बनाए रखेगी। यह िब2(cid:18) इस अिधसूचना (िजसे 'िविश3ट अिधसचू ना' कहा गया ह)ै म(cid:27) उि(cid:3)लिखत शत5 के अधीन होगी। इस 8टॉक क(cid:18) िब2(cid:18) भारतीय (cid:22)रजव (cid:17) ब;क, मुंबई काया(cid:17)लय, फोट,(cid:17) मुंबई-400001 के मा’यम से भारत सरकार =ारा जारी सामा>य अिधसूचना एफ.सं@या 4(2)-डB(cid:3)य ूएCड एम/2018, तारीख 27 माच(cid:17) 2018 म(cid:27) िनDदE शत5 के अधीन क(cid:18) जाएगी। अअअअ(cid:8)(cid:8)(cid:8)(cid:8)िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध(cid:29)(cid:29)(cid:29)(cid:29) बबबबोोोोललललीीीीददददाााातततताााा!!!! ककककोोोो आआआआबबबबंटंटंटंटनननन 2. सरकारी (cid:6)ितभूितय, क(cid:18) नीलािमय, म(cid:27) अ(cid:6)ित8पधF बोली दने े क(cid:18) सुिवधा क(cid:18) संलG 8क(cid:18)म (अनुबंध) के अनुसार, िब2(cid:18) क(cid:18) अिधसूिचत रािश का 5 (cid:6)ितशत तक सरकारी 8टॉक पाH Iय ि/य, और सं8थाK को आबं(cid:22)टत (cid:1)कया जाएगा । 2823 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] ननननीीीीललललााााममममीीीी ककककाााा (cid:15)(cid:15)(cid:15)(cid:15)थथथथाााानननन एएएएवववव ंं ंंततततााााररररीीीीखखखख 3. यह नीलामी भारतीय (cid:22)रजव(cid:17) ब;क, मुंबई काया(cid:17)लय, फोट,(cid:17) मुंबई-400001 =ारा 11114444 जजजजननूूननूू ,,,, 2222000011119999 को संचािलत क(cid:18) जाएगी। नीलामी हते ु बोिलयां भारतीय (cid:22)रजव(cid:17) ब;क कोर ब;Mकग सो(cid:3)यूशन (ई-कुबेर) (cid:6)णाली संबंधी इले+Oॉिनक (cid:6)पH म(cid:27) 11114444 जजजजननूूननूू ,,,, 2222000011119999 को (cid:6)8तुत क(cid:18) जानी चािहए। अ(cid:6)ित8पधF बोिलयां पूवा(cid:17)Pन 11.30 बजे से दोपहर 12.00 बजे के बीच और (cid:6)ित8पधF बोिलयां पूवा(cid:17)Pन 11.30 बजे से म’याPन 12.30 बजे के बीच (cid:6)8तुत क(cid:18) जानी चािहए। ककककबबबब ििििननननगगगगिि(cid:7)(cid:7)िि(cid:7)(cid:7)ममममतततत ककककााााररररोोोोबबबबाााारररर 4. यह 8टॉक, भारतीय (cid:22)रजव(cid:17) ब;क =ारा जारी (cid:1)दशािनदQश, के अनुसार, 'कब िनग(cid:17)िमत’ कारोबार के िलए पाH होगा। ििििननननगगगग(cid:7)म(cid:7)म(cid:7)म(cid:7)म 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(cid:22)रणाम भारतीय (cid:22)रजव(cid:17) ब;क =ारा अपने फोट(cid:17) ि8थत मुंबई काया(cid:17)लय म(cid:27) 11114444 जजजजननूूननूू ,,,, 2222000011119999 को (cid:6)दSशत (cid:1)कया जाएगा। सफल बोलीदाताK =ारा भुगतान 11117777 जजजजूनूनूनून,,,, 2222000011119999 अथा(cid:17)त् (cid:2)(cid:2)(cid:2)(cid:2)ननननगगगग(cid:7)म(cid:7)म(cid:7)म(cid:7)म////पपपपननुुननुु (cid:2)(cid:2)(cid:2)(cid:2)ननननगगगग(cid:7)म(cid:7)म(cid:7)म(cid:7)म क(cid:18) तारीख को (cid:1)कया जाएगा। 8टॉक के िलए भुगतान म(cid:27) नीलामी म(cid:27) आबं(cid:22)टत 8टॉक के अं(cid:1)कत मू(cid:3)य पर, मूलिनग(cid:17)म/अंितम कूपन भुगतान क(cid:18) तारीख से (cid:6)ोUभतू Bयाज दये होने क(cid:18) तारीख तक (cid:6)ोUभतू Bयाज शािमल होगा जैसा (cid:1)क पैरा 6 म(cid:27) तािलका म(cid:27) उि(cid:3)लिखत ह।ै """"ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककाााा पपपपननुुननुु भभभभगगु(cid:7)ु(cid:7)गगु(cid:7)ु(cid:7) तततताााानननन 6. मूल Sनग(cid:17)म/अंितम कूपन भुगतान क(cid:18) तारीख से 8टॉक के अं(cid:1)कत मू(cid:3)य पर Bयाज (cid:6)ोUभूत होगा तथा इसका भुगतान अWव(cid:17) ाSषक आधार पर (cid:1)कया जाएगा। 8टॉक का पुनभु(cid:17)गतान प(cid:22)रप(cid:24)ता क(cid:18) 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 भभभभगगुुगगुु तततताााानननन ’’’’ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:8)(cid:8)(cid:8)(cid:8)ोोोो((((भभभभततूूततूू ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख ((((%%%%)))) कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख """"ययययााााजजजज ददददेयेयेयेय हहहह ैैैै ((((ततततााााररररीीीीखखखख////ममममााााहहहह)))) 7.00% सरकारी (cid:6)ितभूित 2021 7.00 नया 8 टॉक 16 जून, 2019 21 जुलाई और 21 जनवरी 7.27% सरकारी (cid:6)ितभूित 2026 7.27 नया 8 टॉक 16 जून, 2019 08 अ+ तबू र और 08 अ(cid:6)ैल 7.57% सरकारी (cid:6)ितभूित 2033 7.57 नया 8 टॉक 16 जून, 2019 17 जून और 17 (cid:1)दसंबर 7.62% सरकारी (cid:6)ितभूित 2039 7.62 नया 8 टॉक 16 जून, 2019 15 िसत बर और 15 माच(cid:17) 7.63% सरकारी (cid:6)ितभूित 2059 7.63 नया 8 टॉक 16 जून, 2019 17 जून और 17 (cid:1)दसंबर भारत के राXपित के आदेश से, अरYवद Zीवा8तव, संयु/ सिचव अअअअननननबबुुबबुु धधंंधधंं ससससररररककककााााररररीीीी (cid:8)(cid:8)(cid:8)(cid:8)ििििततततभभभभििूूििूूततततयययय,,,, 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(cid:29)(cid:29)(cid:29)(cid:29) बबबबोोोोललललीीीी ससससुिुिुिुिववववधधधधाााा (cid:15)(cid:15)(cid:15)(cid:15)कककक(cid:18)(cid:18)(cid:18)(cid:18)मममम IIII.... ककककाााायययय..(cid:7)(cid:7)..(cid:7)(cid:7) े/े/े/े/:::: सरकारी (cid:6)ितभूितय, क(cid:18) [ापक भागीदारी और खुदरा धा(cid:22)रता को (cid:6)ो.साहन दने े क(cid:18) दिृE से भारत सरकार क(cid:18) (cid:1)दना(cid:1)ंकत (cid:6)ितभूितय, क(cid:18) चयिनत नीलािमय, म(cid:27) "अ(cid:6)ित8पधF" आधार पर भागीदारी क(cid:18) अनुमित दने ेका (cid:6)8ताव (cid:1)कया गया ह।ै तUनुसार, (cid:1)दना(cid:1)ंकत (cid:6)ितभूितय, क(cid:18) नीलािमय, म(cid:27) अिधसूिचत रािश के 5 (cid:6)ितशत तक क(cid:18) अ(cid:6)ित8पधF बोिलयां 8वीकार क(cid:18) जाएंगी। (cid:6)ारि]त रािश अिधसूिचत रािश के अअअअ0000ततततगगगगतत(cid:7)(cid:7)तत(cid:7)(cid:7) होगी। IIIIIIII.... पपपपाााा////तततताााा :::: भारत सरकार क(cid:18) (cid:1)दना(cid:1)ं कत (cid:6)ितभूितय, क(cid:18) नीलािमय, म(cid:27) अ(cid:6)ित8पधF आधार पर ऐसे िनवेशक, के िलए भागीदारी खुली होगी जो िन^िलिखत शत5 को पूरा करते ह:; 1. जो भारतीय (cid:22)रजव(cid:17) ब;क के पास चालू खाता (सीए) अथवा सहायक सामा>य बही (एसजीएल) खाता नह_ रखते ह;; अअअअपपपपववववाााादददद:::: ]ेHीय ‘ामीण ब;क, (आरआरबी) और सहकारी ब;क, को उनके सांिविधक दािय.व, के दिृEगत इस 8क(cid:18)म के अधीन शािमल (cid:1)कया जाएगा। 2. जो (cid:6)ि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 8क(cid:18)म (cid:6)दान करने वाले (cid:1)कसी एक ब;क अथवा (cid:6)ाथिमक डीलर के मा’यम से अपनी बोली अ(cid:2)(cid:3)य(cid:5) (cid:6)प से (cid:6)8तुत करते ह।;¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3 अअअअपपपपववववाााादददद:::: ऐसे ]ेHीय ‘ामीण ब;क (आरआरबी) तथा सहकारी ब;क जो भारतीय (cid:22)रजव (cid:17) ब;क म(cid:27) एस.जी.एल.खाता और चालू खाता रखते ह,; अपनी अ(cid:6)ित8पधF बोिलय, को (cid:6).य] aप से (cid:6)8तुत करने के िलए पाH ह,गे। IIIIIIIIIIII.... 1111ाााापपपपककककतततताााा:::: उपयु(cid:17)/ शत5 के अधीन "अ(cid:6)ित8पधF" आधार पर फम5, कंपिनय,, िनगिमत िनकाय,, सं8थाK, भिव3 य िनिधय,, >यास, और भारतीय (cid:22)रजव(cid:17) ब;क =ारा यथा-िनधा(cid:17)(cid:22)रत (cid:1)कसी अ>य कंपनी सिहत (cid:1)कसी भी [ि/ के िलए भागीदारी खुली ह।ै बोली दने ेक(cid:18) >यूनतम रािश 10,000 (पए (अं(cid:1)कत मू(cid:3)य) और उसके बाद 10,000 (पए के गुणज, म(cid:27) होगी जैसा अब तक (cid:1)दनां(cid:1)कत 8टॉक के िलए ह।ै IIIIVVVV.... अअअअ0000यययय (cid:8)(cid:8)(cid:8)(cid:8)चचचचााााललललननननाााा3333ममममकककक ’’’’ददददशशशशााााििििननननददददशश55शश55 :::: 1111.... खुदरा िनवेशक के िलए उस ब;क अथवा (cid:6)ाथिमक डीलर, िजनके मा’यम से वे भाग लेना चाहते ह,; के पास एक संघटक सहायक सामा>य बही (सीएसजीएल) खाता रखना अिनवाय (cid:17) होगा। कोई भी िनवेशक इस 8क(cid:18)म के अधीन (cid:1)दना(cid:1)ंकत (cid:6)ितभूित क(cid:18) (cid:1)कसी नीलामी म(cid:27) केवल एक बोली म(cid:27) भाग ले सकता ह।ै इस आशय का वचन (cid:1)क िनवेशक केवल एक बोली द ेरहा ह,ै ब;क अथवा (cid:6)ाथिमक डीलर =ारा (cid:6)ाb (cid:1)कया जाना और (cid:22)रकाड(cid:17) म(cid:27) रखा जाना होगा। 2. अपने ‘ाहक, से (cid:6)ाb पcे आड(cid:17)र के आधार पर (cid:6).येक ब;क अथवा (cid:6)ाथिमक डीलर भारतीय (cid:22)रजव(cid:17) ब;क कोर ब;Mकग सो(cid:3)यूशन (ई-कुबेर) (cid:6)णाली संबंधी इले+Oॉिनक (cid:6)पH म(cid:27) अपने ‘ाहक, क(cid:18) ओर से एक एकल समे(cid:1)कत अ(cid:6)ित8पधF बोली (cid:6)8तुत करेगा। असाधारण प(cid:22)रि8थितय,, जैसे भारतीय (cid:22)रजव(cid:17) ब;क कोर ब;Mकग सो(cid:3)यूशन (ई-कुबेर) (cid:6)णाली म(cid:27) सामा>य गड़बड़ी को छोड़कर, भौितक aप म(cid:27) अ(cid:6)ित8पधF बोली 8वीकार नह_ क(cid:18) जाएगी। 3. ब;क अथवा (cid:6)ाथिमक डीलर को अ(cid:6)ित8पधF खंड के अधीन आबंटन (cid:6)ितलाभ/क(cid:18)मत क(cid:18) उस भारांिशत औसत दर पर होगा, जो (cid:6)ित8पधF बोली दने ेके आधार पर नीलामी म(cid:27) सामने आएगी। इस बात पर ’यान (cid:1)दए िबना (cid:1)क ब;क अथवा (cid:6)ाथिमक डीलर ने अपने ‘ाहक, से भुगतान (cid:6)ाb कर िलया ह ै या नह_, िनग(cid:17)म क(cid:18) तारीख को भुगतान (cid:6)ाb करके ब;क या (cid:6)ाथिमक डीलर को (cid:6)ितभूितया ंजारी क(cid:18) जाएंगी। 4. ऐसे मामले म(cid:27), जहां बोली क(cid:18) रािश (cid:6)ारि]त रािश (अिधसूिचत रािश के 5 (cid:6)ितशत) से अिधक ह ैयथानुपात आबंटन (cid:1)कया जाएगा। आंिशक आबंटन, के मामले म(cid:27), यह ब;क अथवा (cid:6)ाथिमक डीलर, का दािय.व होगा (cid:1)क वह अपने ‘ाहक, को (cid:6)ितभूितय, का उिचत आबंटन एक पारदशF तरीके से कर(cid:27)। 5. ऐसे मामले म(cid:27) जहां बोली रािश (cid:6)ारि]त रािश से कम हो, कमी को (cid:6)ित8पधF भाग म(cid:27) शािमल (cid:1)कया जाएगा। 6. (cid:6)ितभूित को भारतीय (cid:22)रजव(cid:17) ब;क =ारा केवल एसजीएल aप म(cid:27) जारी (cid:1)कया जाएगा। भारतीय (cid:22)रजव(cid:17) ब;क इसे या तो ब;क अथवा (cid:6)ाथिमक डीलर के मु@य एसजीएल खाते अथवा सीएसजीएल खात ेम(cid:27) जमा करेगा,जैसा(cid:1)क उनके =ारा िनदQश (cid:1)दया गया ह।ै मु@य एसजीएल खाते म(cid:27) जमा करने क(cid:18) सुिवधा एकमाH उन िनवेशक, क(cid:18) सेवा के (cid:6)योजनाथ(cid:17) ह ैजो उनके घटक नह_ ह;। अतः ब;क अथवा (cid:6)ाथिमक डीलर, को अ(cid:6)ित8पधF बोिलय, क(cid:18) िनिवदा दते ेसमय उनके एसजीएल खाते और सीएसजीएल खात ेम(cid:27) जमा होने वाली रािशय, (अं(cid:9)कत मू(cid:14)य) को 8प3 ट aप से दशा(cid:17)ना होगा। बाद म(cid:27) िनवेशक के अनुरोध पर मु@य एसजीएल खाते से वा8तिवक aप म(cid:27) क(cid:18) गई सुपुदग(cid:17) ी 8वीकाय(cid:17) ह।ै 7. यह ब;क अथवा (cid:6)ाथिमक डीलर का दािय.व ह ै (cid:1)क वह ‘ाहक को (cid:6)ितभूितया ं ह8तांत(cid:22)रत करे। असाधारण प(cid:22)रि8थितय, को छोड़कर, ‘ाहक, को (cid:6)ितभूितय, का अंतरण िनग(cid:17)म क(cid:18) ितिथ से पांच काय (cid:17)(cid:1)दवस, के भीतर पूरा (cid:1)कया जाएगा। 8. ब;क अथवा (cid:6)ाथिमक डीलर अपने ‘ाहक, को यह सेवा दने ेके िलए छह पैसे (cid:6)ित सौ (पए तक दलाली/कमीशन/सेवा (cid:6)भार के aप म(cid:27) वसूल कर सकते ह।; ऐसी क(cid:18)मत िब2(cid:18) मू(cid:3)य म(cid:27) शािमल क(cid:18) जा सकती ह ैया ‘ाहक, से अलग से वसूल क(cid:18) जा सकती ह।ै ऐसे मामले म(cid:27) जहां (cid:6)ितभूितय, का अंतरण (cid:6)ितभूित क(cid:18) िनग(cid:17)म ितिथ के बाद (cid:6)भावी होता हो, ब;क या (cid:6)ाथिमक डीलर को ‘ाहक =ारा दये (cid:6)ितफल रािश म(cid:27) िनग(cid:17)म ितिथ से उपिचत Bयाज शािमल होगा। 9. (cid:6)ितभूितय, क(cid:18) लागत, उपिचत Bयाज जहा ंभी लागू हो, तथा दलाली/कमीशन/सेवा (cid:6)भार, के िलए ‘ाहक, से भुगतान (cid:6)ाb करने क(cid:18) काय(cid:17)-(cid:6)णाली,ब;क या (cid:6)ाथिमक डीलर =ारा ‘ाहक के साथ क(cid:18) गई सहमित के अनुसार तैयार क(cid:18) जाएगी। यह उ(cid:3)लेखनीय ह ै(cid:1)क (cid:1)कसी अ>य लागत, जैसे िनिधकरण लागत को मू(cid:3)य म(cid:27) शािमल नह_ (cid:1)कया जाना चािहए या ‘ाहक, से वसूल नह_ (cid:1)कया जाना चािहए।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] VVVV.... ब;क, और (cid:6)ाथिमक डीलर, को भारतीय (cid:22)रजव(cid:17) ब;क (ब;क) =ारा समय-समय पर मांगी गई योजना के तहत संचालन, से संबंिधत सूचना िनधा(cid:17)(cid:22)रत समय सीमा के अंतग(cid:17)त ब;क को (cid:6)8तुत करनी होगी। VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदशQ ब;क =ारा समी]ा के अधीन ह ै और तUनुसार, जब भी आवdयकता होगी, योजना को संशोिधत (cid:1)कया जाएगा। MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 10th June, 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 Original Tenure Date of Auction Auction Notified Amount Security Issue (yy-mm-dd) Maturity Basis Method (in ` Crore) 7.00% GS 2021 Jan. 21, 2019 02-00-00 Jan.21, 2021 Price Multiple 3,000 7.27% GS 2026 Apr. 08, 2019 07-00-00 Apr. 08, 2026 Price Multiple 3,000 7.57% GS 2033 May 20, 2019 14-00-27 Jun. 17, 2033 Price Multiple 5,000 7.62% GS 2039 Apr. 08, 2019 20-05-07 Sep. 15, 2039 Price Multiple 2,000 7.63% GS 2059 May 06, 2019 40-01-11 Jun. 17, 2059 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 June 14, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 14, 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. 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 June 14, 2019. The payment by successful bidders will be on June 17, 2019 i.e. the date of issue/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 Security Coupon rate Date of Last Date upto which Date of Coupon payments (%) Coupon payment accrued interest is due (month/date) 7.00% GS 2021 7.00 New Stock June 16, 2019 Jul. 21 and Jan. 21 7.27% GS 2026 7.27 New Stock June 16, 2019 Oct. 08 and Apr. 08¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5 7.57% GS 2033 7.57 New Stock June 16, 2019 Jun. 17 and Dec. 17 7.62% GS 2039 7.62 New Stock June 16, 2019 Sep. 15 and Mar. 15 7.63% GS 2059 7.63 New Stock June 16, 2019 Jun. 17 and Dec. 17 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 percent 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. 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 be6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 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

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