Executive Summary:
This notification from the Government of India announces the sale/reissue of government stocks through an auction conducted by the Reserve Bank of India (RBI) on November 10, 2017. It specifies the terms and conditions for the auction, including a non-competitive bidding facility for eligible individuals and institutions. The payment by successful bidders will be on November 13, 2017.
Key Points / Main Content:
Government Stock Auction/Reissue:
* Government of India announces the sale/reissue of government stocks.
* The total notified amount is ₹15,000 crore, with an option to retain an additional subscription of up to ₹1,000 crore.
* Stocks include: 6.84 GS 2022, 6.68 GS 2031, 6.57 GS 2033, and 7.06 GS 2046.
Auction Details:
* Auction Date: November 10, 2017, conducted by RBI, Mumbai.
* Bids: Must be submitted electronically via the RBI's Core Banking Solution (EKuber) system.
* Non-competitive bids: 10:30 a.m. - 11:30 a.m.
* Competitive bids: 10:30 a.m. - 12:00 noon.
Non-Competitive Bidding Facility:
* Up to 5% of the notified amount is reserved for non-competitive bids.
* Eligibility: Open to individuals and institutions that do not maintain a current account or SGL account with RBI (exceptions for RRBs and Cooperative Banks).
* Bid Limit: A single bid for an amount not more than ₹2 crore face value per auction.
* Minimum Bid: ₹10,000 face value and in multiples of ₹10,000 thereafter.
* Bids must be submitted indirectly through a bank or PD (exceptions for RRBs and Cooperative Banks).
Payment and Interest:
* Payment Date: November 13, 2017.
* Payment includes accrued interest on the nominal value.
* Interest is paid half-yearly.
* Stocks will be repaid at par on the maturity date.
Other Operational Guidelines:
* Retail investors must maintain a CSGL account with the bank/PD they are participating through.
* Allotment under the noncompetitive segment will be at the weighted average rate of yield/price.
* Securities issued only in SGL form.
* Banks/PDs can recover up to six paise per ₹100 as brokerage/commission/service charges.
Impact Analysis:
Retail Investors:
* Impact: Opportunity to participate in government securities auctions on a non-competitive basis, potentially increasing retail holding of government securities.
* Action Required: Open a CSGL account with a bank or PD, and submit bids through them.
Banks and Primary Dealers (PDs):
* Impact: Required to facilitate non-competitive bidding for their constituents, submit consolidated bids, and manage the allocation of securities.
* Action Required: Establish CSGL accounts for retail investors, submit consolidated non-competitive bids via EKuber, allocate securities to clients, and furnish information relating to operations under the Scheme to the Reserve Bank of India.
Reserve Bank of India (RBI):
* Impact: Responsible for conducting the auction, displaying results, and managing the allotment and payment processes.
* Action Required: Conduct the auction, display results at the Fort, Mumbai office, and credit the SGL or CSGL accounts of successful bidders.
Government of India:
* Impact: Raises funds through the sale/reissue of government stocks.
* Action Required: Monitor the auction process and ensure compliance with the terms and conditions outlined in the notification.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for conducting the auction of government stocks and regulating the banking system. Its Mumbai Office is specifically mentioned as the location for the auction.
Government Stock: Debt instruments issued by the Government of India to raise funds from the market.
Ministry of Finance: The ministry responsible for the financial matters of the Government of India, including the issuance of this notification.
Department of Economic Affairs: A department within the Ministry of Finance, specifically the Budget Division, responsible for the notification.
Mumbai, Maharashtra: A city in Maharashtra where the Reserve Bank of India's office is located, and where the auction is to be conducted.
Government Securities: Debt instruments issued by the government.
New Delhi: The capital of India, where the notification is issued.
Auction for Sale Reissue of Government Stock: The main subject of the notification, detailing the sale and reissue of government stocks through an auction process.
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PART I—Section 1
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PUBLISHED BY AUTHORITY
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No. 286] NEW DELHI, MONDAY, NOVEMBER 6, 2017/KARTIKA 15, 1939
िििि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(cid:4)(cid:4)(cid:4)(cid:4) ककककाााायययय (cid:4)(cid:4)(cid:4)(cid:4)ििििववववभभभभाााागगगग))))
((((बबबबजजजजटटटट (cid:8)(cid:8)(cid:8)(cid:8)भभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 6 नव(cid:8)बर, 2017
ससससररररककककााााररररीीीी (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक 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) ((((पपपपुनुनुनुन(cid:24)(cid:24)(cid:24)(cid:24)ननननगग(cid:25)(cid:25)गग(cid:25)(cid:25) मम(cid:25)(cid:25)मम(cid:25)(cid:25) )))) ककककेेेे ििििललललएएएए ननननीीीीललललााााममममीीीी
फफफफ.... सससस..ंं..ंं 4444((((7777))))----डडडड(cid:12)(cid:12)(cid:12)(cid:12)(cid:14)(cid:14) (cid:14)(cid:14) यय यय एएूूएएूू डडंंडडंं एएएएमममम////2222000011117777....————भारत सरकार एतद्(cid:11)ारा नीचे (cid:1)दए गए अनसु ार सरकारी (cid:22)टॉक, क(cid:25) िब(cid:27)(cid:25)
(पुन(cid:29)न(cid:30)गम(cid:30) ) अिधसिू चत करती ह।ै
अअअअववववििििधधधध ननननीीीीललललााााममममीीीी ककककाााा ननननीीीीललललााााममममीीीी कककक(cid:14)(cid:14)(cid:14)(cid:14) अअअअििििधधधधससससििििूूूूचचचचतततत ररररााााििििशशशश
(cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििििूूूूतततत ककककाााा ननननाााामममम ममममूलूलूलूल ििििननननगगगगमममम(cid:13)(cid:13)(cid:13)(cid:13) कककक(cid:14)(cid:14)(cid:14)(cid:14) ततततााााररररीीीीखखखख पपपप(cid:22)(cid:22)(cid:22)(cid:22)ररररपपपप(cid:23)(cid:23)(cid:23)(cid:23)तततताााा कककक(cid:14)(cid:14)(cid:14)(cid:14) ततततााााररररीीीीखखखख
((((ववववषषषष----(cid:13)(cid:13)(cid:13)(cid:13)ममममााााहहहह----ततततााााररररीीीीखखखख)))) आआआआधधधधाााारररर ििििववववििििधधधध ((((ककककररररोोोोड़ड़ड़ड़ मममम(cid:26))(cid:26))(cid:26))(cid:26))
6.84% स.(cid:3). 2022 12 िसत.ं, 2016 06-03-07 19 (cid:4)दस.ं, 2022 मू(cid:9)य िविवध 3,000
6.68% स.(cid:3). 2031 04 िसत.ं, 2017 14-00-13 17 िसत.ं, 2031 मू(cid:9)य िविवध 8,000
6.57% स.(cid:3). 2033 05 (cid:4)दस.ं, 2016 17-00-00 05 (cid:4)दस.ं, 2033 मू(cid:9)य िविवध 2,000
7.06% स.(cid:3) 2046 10 अ(cid:12)ू. 2016 30-00-00 10 अ(cid:12)ू. 2046 मू(cid:9)य िविवध 2,000
कुल अिधसिू चत रािश के अ$यधीन 15,000 करोड़ )पए क(cid:25) सीमा तक, भारत सरकार (उपयु(cid:30)- त) (cid:1)कसी भी .ितभिू त के
प/रपे0य म1 1,000 करोड़ )पए तक के अित/र- त अिभदान का िवक(cid:3) प बनाए रखेगी। यह िब(cid:27)(cid:25) इस अिधसूचना (िजस े
'िविश3ट अिधसूचना' कहा गया ह)ै म 1 उि(cid:3)लिखत शत5 के अधीन होगी। इस (cid:22)टॉक क(cid:25) िब(cid:27)(cid:25) भारतीय /रजव (cid:30) ब:क, मुंबई
काया(cid:30)लय, फोट(cid:30), मुंबई- 400 001 के मा$यम स े भारत सरकार (cid:11)ारा जारी सामा?य अिधसूचना एफ.स@ं या 4(13)-डB(cid:3)यू एCड
एम/2008, तारीख 8 अDूबर 2008 म 1िनEदF(cid:30) शत5 के अधीन क(cid:25) जाएगी।
6564 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
अअअअ(cid:28)(cid:28)(cid:28)(cid:28)िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध(cid:31)(cid:31)(cid:31)(cid:31) बबबबोोोोललललीीीीददददाााातततताााा"""" ककककोोोो आआआआबबबबटटंंटटंं नननन
2. सरकारी (cid:1)ितभूितय(cid:7) क(cid:9) नीलािमय(cid:7) म (cid:15) अ(cid:1)ित(cid:17)पध(cid:20) बोली दने े क(cid:9) सुिवधा क(cid:9) सलं (cid:23) (cid:17)क(cid:9)म ((((अअअअननननबबुुबबुु धधंंधधंं )))) के अनुसार,
िब(cid:25)(cid:9) क(cid:9) अिधसूिचत रािश का 5 (cid:1)ितशत तक सरकारी (cid:17)टॉक पा(cid:29) (cid:30)य ि य(cid:7) और स(cid:17)ं था" को आबं$टत %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 -ारा 11110000 ननननवववव$$$$बबबबरररर,,,, 2222000011117777 को संचािलत
क(cid:9) जाएगी। नीलामी हते ु बोिलया ं भारतीय $रजव ) बक* कोर ब*.कंग सो0यूशन (ई-कुबेर) (cid:1)णाली सबं ंधी इले45ॉिनक
(cid:1)प(cid:29) म(cid:15) 11110000 ननननवववव$$$$बबबबरररर,,,, 2222000011117777 को (cid:1)(cid:17)तुत क(cid:9) जानी चािहए। अ(cid:1)ित(cid:17)पध(cid:20) बोिलया ं पूवा)7न 10.30 बज े से पूवा)7न
11.30 बजे के बीच और (cid:1)ित(cid:17)पध(cid:20) बोिलया ं पूवा)7न 10.30 बज े स े दोपहर 12.00 बज े के बीच (cid:1)(cid:17)तुत क(cid:9) जानी
चािहए।
ककककबबबब ििििननननगगगगिि(cid:25)(cid:25)िि(cid:25)(cid:25) ममममतततत ककककााााररररोोोोबबबबाााारररर
4. यह (cid:17)टॉक, भारतीय $रजव )ब*क -ारा जारी %दशािनद9श(cid:7) के अनुसार, 'कब िनग)िमत’ कारोबार के िलए पा(cid:29) होगा।
ििििननननगगगग(cid:25)म(cid:25)म(cid:25)म(cid:25)म कककक(cid:18)(cid:18)(cid:18)(cid:18) ततततााााररररीीीीखखखख औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककेेेे ििििललललएएएए भभभभगगुुगगुु तततताााानननन
5. नीलामी का प$रणाम भारतीय $रजव) ब*क -ारा अपने फोट) ि(cid:17)थत मुंबई काया)लय म(cid:15) 11110000 ननननवववव$$$$बबबबरररर,,,, 2222000011117777 को
(cid:1)द;श)त %कया जाएगा। सफल बोलीदाता" -ारा भुगतान 11113333 ननननवववव$$$$बबबबरररर,,,, 2222000011117777 अथा)त ् पुन;न)ग)म क(cid:9) तारीख को %कया
जाएगा। (cid:17)टॉक के िलए भगु तान म(cid:15) नीलामी म(cid:15) आबं$टत (cid:17)टॉक के अं%कत मू0य पर, अंितम कूपन भुगतान क(cid:9) तारीख स े
(cid:1)ो?भूत @याज दये होने क(cid:9) तारीख तक (cid:1)ो?भूत @याज शािमल होगा।
%%%%ययययााााजजजज ककककाााा भभभभगगुुगगुु तततताााानननन औऔऔऔरररर (cid:15)(cid:15)(cid:15)(cid:15)टटटटॉॉॉॉकककक ककककाााा पपपपननुुननुु भभभभगगु(cid:25)ु(cid:25)गगु(cid:25)ु(cid:25) तततताााानननन
6. अंितम कूपन भुगतान क(cid:9) तारीख से (cid:17)टॉक के अं%कत मू0य पर @याज (cid:1)ो?भूत होगा तथा इसका भुगतान
अCव) ा;ष)क आधार पर %कया जाएगा। (cid:17)टॉक का पुनभगु) तान प$रपEता क(cid:9) तारीख पर सममू0य क(cid:9) जाएगा।
(cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििूूििूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं तत तत मममम ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:16)(cid:16)(cid:16)(cid:16) (cid:17)(cid:17)(cid:17)(cid:17)ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:1)(cid:1)(cid:1)(cid:1)ोोोो(cid:23)(cid:23)(cid:23)(cid:23)भभभभततूूततूू ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:16)(cid:16)(cid:16)(cid:16) ततततााााररररीीीीखखखख
((((%%%%)))) ततततााााररररीीीीखखखख (cid:24)(cid:24)(cid:24)(cid:24)ययययााााजजजज ददददेयेयेयेय हहहह ैैैै ((((ममममााााहहहह////ततततााााररररीीीीखखखख))))
6.84% स.(cid:3). 2022 6.84 19 जून, 2017 12 नव(cid:6)बर, 2017 19 (cid:9)दसं. और 19 जून
6.68% स.(cid:3). 2031 6.68 17 िसतं., 2017 12 नव(cid:6)बर, 2017 17 माच(cid:15). और 17 िसतं.
6.57% स.(cid:3). 2033 6.57 05 जून , 2017 12 नव(cid:6)बर, 2017 05 (cid:9)दसं. और 05 जून
7.06% स.(cid:3). 2046 7.06 10 अ(cid:17)ू., 2017 12 नव(cid:6)बर, 2017 10 अ(cid:3)ैल और 10 अ(cid:17)ू..
भारत के राFपित के आदशे स े
(cid:1)शांत गोयल,,,, संयु सिचव
अअअअननननबबुुबबुु धधंंधधंं
ससससररररककककााााररररीीीी (cid:28)(cid:28)(cid:28)(cid:28)ििििततततभभभभििूूििूू ततततयययय**** कककक(cid:18)(cid:18)(cid:18)(cid:18) ननननीीीीललललााााममममीीीी मममम ++ ++अअअअ(cid:28)(cid:28)(cid:28)(cid:28)िििितततत(cid:15)(cid:15)(cid:15)(cid:15)पपपपधधधध(cid:31)(cid:31)(cid:31)(cid:31) बबबबोोोोललललीीीी ससससििुुििुु ववववधधधधाााा (cid:15)(cid:15)(cid:15)(cid:15)कककक(cid:18)(cid:18)(cid:18)(cid:18)मममम
IIII.... ककककाााायययय(cid:25),(cid:25),(cid:25),(cid:25),(cid:6)(cid:6)ेे(cid:6)(cid:6)ेे :::: सरकारी (cid:1)ितभूितय(cid:7) क(cid:9) Gापक भागीदारी और खुदरा धा$रता को (cid:1)ोHसाहन दने े क(cid:9) दिृ J स े भारत
सरकार क(cid:9) %दनां%कत (cid:1)ितभूितय(cid:7) क(cid:9) चयिनत नीलािमय(cid:7) म (cid:15) "अ(cid:1)ित(cid:17)पध(cid:20)" आधार पर भागीदारी क(cid:9) अनुमित दने े का¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
(cid:1)(cid:17)ताव %कया गया ह।ै त?नसु ार, %दनां%कत (cid:1)ितभूितय(cid:7) क(cid:9) नीलािमय(cid:7) म (cid:15) अिधसूिचत रािश के 5 (cid:1)ितशत तक क(cid:9)
अ(cid:1)ित(cid:17)पध(cid:20) बोिलया ं(cid:17)वीकार क(cid:9) जाएगं ी। (cid:1)ारिKत रािश अिधसूिचत रािश के अअअअ....ततततगगगगतत(cid:25)(cid:25)तत(cid:25)(cid:25) होगी।
IIIIIIII.... पपपपाााा(cid:6)(cid:6)(cid:6)(cid:6)तततताााा :::: भारत सरकार क(cid:9) %दनां%कत (cid:1)ितभूितय(cid:7) क(cid:9) नीलािमय(cid:7) म(cid:15) अ(cid:1)ित(cid:17)पध(cid:20) आधार पर ऐस े िनवेशक(cid:7) के
िलए भागीदारी खुली होगी जो िनLिलिखत शतM को पूरा करते ह:*
1. जो भारतीय $रजव )ब*क के पास चालू खाता (सीए) अथवा सहायक सामाNय बही (एसजीएल) खाता नहO
रखते ह*;
अअअअपपपपववववाााादददद:::: Kे(cid:29)ीय Pामीण ब*क(cid:7) (आरआरबी) और सहकारी ब*क(cid:7) को उनके सांिविधक दाियHव(cid:7) के दिृ Jगत इस
(cid:17)क(cid:9)म के अधीन शािमल %कया जाएगा।
2. जो (cid:1)ित नीलामी दो करोड़ Qपए (अं%कत मू0य) से अनिधक रािश के िलए एक ही बोली लगात ेह;*
3. जो यह (cid:17)क(cid:9)म (cid:1)दान करन े वाल े %कसी एक ब*क अथवा (cid:1)ाथिमक डीलर के माRयम से अपनी बोली अ(cid:2)(cid:3)य(cid:5)
(cid:6)प स े (cid:1)(cid:17)तुत करत ेह।*
अअअअपपपपववववाााादददद:::: ऐसे Kे(cid:29)ीय Pामीण ब*क (आरआरबी) तथा सहकारी बक* जो भारतीय $रजव ) ब*क म(cid:15)
एस.जी.एल.खाता और चाल ू खाता रखते ह,* अपनी अ(cid:1)ित(cid:17)पध(cid:20) बोिलय(cid:7) को (cid:1)HयK Sप से (cid:1)(cid:17)तुत करन े के िलए
पा(cid:29) ह(cid:7)गे।
IIIIIIIIIIII.... ////ाााापपपपककककतततताााा:::: उपयु) शतM के अधीन "अ(cid:1)ित(cid:17)पध(cid:20)" आधार पर फमM, कंपिनय(cid:7), िनगिमत िनकाय(cid:7), स(cid:17)ं था",
भिवUय िनिधय(cid:7), Nयास(cid:7) और भारतीय $रजव ) ब*क -ारा यथा-िनधा)$रत %कसी अNय कंपनी सिहत %कसी भी Gि के
िलए भागीदारी खुली ह।ै बोली दने े क(cid:9) Nयूनतम रािश 10,000 Qपए (अं%कत मू0य) और उसके बाद 10,000 Qपए
के गुणज(cid:7) म (cid:15) होगी जैसा अब तक %दनां%कत (cid:17)टॉक के िलए ह।ै
IIIIVVVV.... अअअअ....यययय (cid:28)(cid:28)(cid:28)(cid:28)चचचचााााललललननननाााा1111ममममकककक 2222ददददशशशशााााििििननननदददद4श4श4श4श::::
1111.... खुदरा िनवेशक के िलए उस ब*क अथवा (cid:1)ाथिमक डीलर, िजनके माRयम स े व ेभाग लेना चाहते ह,* के पास
एक संघटक सहायक सामाNय बही (सीएसजीएल) खाता रखना अिनवाय ) होगा। कोई भी िनवेशक इस (cid:17)क(cid:9)म के
अधीन %दना%ं कत (cid:1)ितभूित क(cid:9) %कसी नीलामी म (cid:15) केवल एक बोली म (cid:15) भाग ले सकता ह।ै इस आशय का वचन %क
िनवेशक केवल एक बोली दे रहा ह,ै ब*क अथवा (cid:1)ाथिमक डीलर -ारा (cid:1)ाV %कया जाना और $रकाड ) म(cid:15) रखा
जाना होगा।
2. अपने Pाहक(cid:7) से (cid:1)ाV पXे आड)र के आधार पर (cid:1)Hयेक बक* अथवा (cid:1)ाथिमक डीलर भारतीय $रजव ) ब*क
कोर ब*.कंग सो0यूशन (ई-कुबेर) (cid:1)णाली सबं ंधी इले45ॉिनक (cid:1)प(cid:29) म (cid:15) अपने Pाहक(cid:7) क(cid:9) ओर से एक एकल
समे%कत अ(cid:1)ित(cid:17)पध(cid:20) बोली (cid:1)(cid:17)तुत करेगा। असाधारण प$रि(cid:17)थितय(cid:7), जैसे भारतीय $रजव ) ब*क कोर ब*.कंग
सो0यूशन (ई-कुबरे ) (cid:1)णाली म (cid:15) सामाNय गड़बड़ी को छोड़कर, भौितक Sप म (cid:15) अ(cid:1)ित(cid:17)पध(cid:20) बोली (cid:17)वीकार नहO
क(cid:9) जाएगी।
3. ब*क अथवा (cid:1)ाथिमक डीलर को अ(cid:1)ित(cid:17)पध(cid:20) खंड के अधीन आबंटन (cid:1)ितलाभ/क(cid:9)मत क(cid:9) उस भारांिशत
औसत दर पर होगा, जो (cid:1)ित(cid:17)पध(cid:20) बोली दने े के आधार पर नीलामी म (cid:15) सामन े आएगी। इस बात पर Rयान %दए
िबना %क ब*क अथवा (cid:1)ाथिमक डीलर न े अपने Pाहक(cid:7) से भुगतान (cid:1)ाV कर िलया ह ै या नहO, िनग)म क(cid:9) तारीख
को भुगतान (cid:1)ाV करके ब*क या (cid:1)ाथिमक डीलर को (cid:1)ितभूितया ंजारी क(cid:9) जाएगं ी।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
4. ऐसे मामले म(cid:15), जहां बोली क(cid:9) रािश (cid:1)ारिKत रािश (अिधसूिचत रािश के 5 (cid:1)ितशत) स े अिधक ह ै
यथानुपात आबंटन %कया जाएगा। आंिशक आबंटन(cid:7) के मामले म,(cid:15) यह बक* अथवा (cid:1)ाथिमक डीलर(cid:7) का दाियHव
होगा %क वह अपने Pाहक(cid:7) को (cid:1)ितभूितय(cid:7) का उिचत आबंटन एक पारदश(cid:20) तरीके से कर(cid:15)।
5. ऐसे मामले म (cid:15) जहां बोली रािश (cid:1)ारिKत रािश से कम हो, कमी को (cid:1)ित(cid:17)पध(cid:20) भाग म(cid:15) शािमल %कया
जाएगा।
6. (cid:1)ितभूित को भारतीय $रजव ) ब*क -ारा केवल एसजीएल Sप म(cid:15) जारी %कया जाएगा। भारतीय $रजव )
ब*क इसे या तो बक* अथवा (cid:1)ाथिमक डीलर के मुYय एसजीएल खाते अथवा सीएसजीएल खाते म(cid:15) जमा करेगा,
जैसा%क उनके -ारा िनदश9 %दया गया ह।ै मुYय एसजीएल खाते म(cid:15) जमा करन े क(cid:9) सुिवधा एकमा(cid:29) उन िनवेशक(cid:7)
क(cid:9) सवे ा के (cid:1)योजनाथ ) ह ै जो उनके घटक नहO ह।* अतः ब*क अथवा (cid:1)ाथिमक डीलर(cid:7) को अ(cid:1)ित(cid:17)पध(cid:20) बोिलय(cid:7)
क(cid:9) िनिवदा दते े समय उनके एसजीएल खाते और सीएसजीएल खाते म(cid:15) जमा होने वाली रािशय(cid:7) (अं(cid:9)कत मू(cid:14)य)
को (cid:17)पU ट Sप से दशा)ना होगा। बाद म (cid:15) िनवेशक के अनुरोध पर मुYय एसजीएल खाते से वा(cid:17)तिवक Sप म(cid:15) क(cid:9)
गई सुपुद)गी (cid:17)वीकाय )ह।ै
7. यह ब*क अथवा (cid:1)ाथिमक डीलर का दाियHव ह ै %क वह Pाहक को (cid:1)ितभूितया ं ह(cid:17)तातं $रत करे। असाधारण
प$रि(cid:17)थितय(cid:7) को छोड़कर, Pाहक(cid:7) को (cid:1)ितभूितय(cid:7) का अंतरण िनग)म क(cid:9) ितिथ से पांच काय ) %दवस(cid:7) के भीतर
पूरा %कया जाएगा।
8. ब*क अथवा (cid:1)ाथिमक डीलर अपने Pाहक(cid:7) को यह सवे ा दने े के िलए छह पैसे (cid:1)ित सौ Qपए तक
दलाली/कमीशन/सवे ा (cid:1)भार के Sप म (cid:15) वसूल कर सकत े ह।* ऐसी क(cid:9)मत िब(cid:25)(cid:9) मू0य म (cid:15) शािमल क(cid:9) जा सकती ह ै
या Pाहक(cid:7) से अलग स े वसूल क(cid:9) जा सकती ह।ै ऐसे मामले म(cid:15) जहां (cid:1)ितभूितय(cid:7) का अंतरण (cid:1)ितभूित क(cid:9) िनग)म
ितिथ के बाद (cid:1)भावी होता हो, ब*क या (cid:1)ाथिमक डीलर को Pाहक -ारा दये (cid:1)ितफल रािश म(cid:15) िनग)म ितिथ स े
उपिचत @याज शािमल होगा।
9. (cid:1)ितभूितय(cid:7) क(cid:9) लागत, उपिचत @याज जहां भी लाग ू हो, तथा दलाली/कमीशन/सवे ा (cid:1)भार(cid:7) के िलए
Pाहक(cid:7) से भुगतान (cid:1)ाV करने क(cid:9) काय-) (cid:1)णाली,ब*क या (cid:1)ाथिमक डीलर -ारा Pाहक के साथ क(cid:9) गई सहमित के
अनुसार तैयार क(cid:9) जाएगी। यह उ0लेखनीय ह ै %क %कसी अNय लागत, जैस े िनिधकरण लागत को मू0य म (cid:15)
शािमल नहO %कया जाना चािहए या Pाहक(cid:7) से वसूल नहO %कया जाना चािहए।
VVVV.... बक* (cid:7) और (cid:1)ाथिमक डीलर(cid:7) को भारतीय $रजव ) बक* (ब*क) -ारा समय-समय पर मांगी गई योजना के तहत
संचालन(cid:7) स े सबं ंिधत सूचना िनधा)$रत समय सीमा के अंतग)त ब*क को (cid:1)(cid:17)तुत करनी होगी।
VVVVIIII.... ऊपर उि0लिखत %दशािनद9श ब*क -ारा समीKा के अधीन ह ै और त?नुसार, जब भी आव\यकता होगी, योजना
को संशोिधत %कया जाएगा।¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 5
MINISTRY OF FINANCE
(Department of Economic Affairs)
(Budget Division)
NOTIFICATION
New Delhi, the 6th November, 2017
Auction for Sale (Re-issue) of Government Stock (GS)
F. No. 4(7)W&M/2017.—Government of India hereby notifies sale (re-issue) of the following Government Stocks:
Name of the Security Date of Original Original Tenure Date of Auction Auction Notified
Issue (yy-mm-dd) Maturity Basis Method Amount
(in ``Crore)
6.84% GS 2022 Sept. 12, 2016 06-03-07 Dec. 19, 2022 Price Multiple 3,000
6.68% GS 2031 Sept. 04, 2017 14-00-13 Sept.17, 2031 Price Multiple 8,000
6.57% GS 2033 Dec. 05, 2016 17-00-00 Dec. 05, 2033 Price Multiple 2,000
7.06% GS 2046 Oct. 10, 2016 30-00-00 Oct. 10, 2046 Price Multiple 2,000
Subject to the limit of ` 15,000 crore, being total notified amount, GoI will have the option to retain additional
subscription up to ` 1,000 crore against any of the above security. 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(13)–
W&M/2008, dated October 8, 2008 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
November 10, 2017. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core
Banking Solution (E-Kuber) system on November 10, 2017. 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
November 10, 2017. The payment by successful bidders will be on November 13, 2017 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 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 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 Date of Last Coupon Date upto which Date of Coupon
rate (%) payment accrued interest is due payments (month/date)
6.84% GS 2022 6.84 Jun. 19, 2017 Nov. 12, 2017 Dec. 19 and Jun. 19
6.68% GS 2031 6.68 Sep. 17, 2017 Nov. 12, 2017 Mar. 17 and Sep. 17
6.57% GS 2033 6.57 Jun. 05, 2017 Nov. 12, 2017 Dec. 05 and Jun. 05
7.06% GS 2046 7.06 Oct. 10, 2017 Nov. 12, 2017 Apr. 10 and Oct. 10
By Order of the President of India,
PRASHANT GOYAL, Jt. Secy.6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
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 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.¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 7
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.