Home India Ministry of Finance Government of India hereby notifies sale reissue of the foll...
Date: 2019-08-09 Category: Extra Ordinary State: Union Government Country: India

Government of India hereby notifies sale reissue 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 from the Indian Ministry of Finance announces the sale/reissue of government stocks via auction. The auction will be conducted by the Reserve Bank of India on August 16, 2019, with payment due on August 19, 2019. It also outlines a scheme for non-competitive bidding to encourage wider participation in government security auctions. Key Points / Main Content: Government Stock Auction: * Re-issue of multiple Government Stocks with varying maturity dates (2024, 2029, 2043, 2049), coupon rates and original issue dates. * The auction will be conducted by the Reserve Bank of India (RBI) in Mumbai. * Bids must be submitted electronically via the RBI's e-Kuber system on August 16, 2019. Non-competitive bids: 11:30 a.m. - 12:00 noon; Competitive bids: 11:30 a.m. - 12:30 p.m. * Payment by successful bidders is due on August 19, 2019, including accrued interest. Non-Competitive Bidding Scheme: * Up to 5% of the notified amount will be allotted to eligible individuals and institutions via non-competitive bidding. * Eligibility: Investors without a current account or SGL account with RBI (exceptions for RRBs and Cooperative Banks), single bid limit of ₹2 crore face value. * Bids must be submitted indirectly through a bank or PD (exceptions for RRBs and Cooperative Banks). * Minimum bid amount: ₹10,000 face value, in multiples of ₹10,000. * Allotment will be at the weighted average yield/price from the competitive auction. * Banks/PDs can charge up to six paise per ₹100 as brokerage/service charges. Impact Analysis: Government of India: * Impact: Has the option to retain additional subscription up to 1,000 crore each against any one or more of the above securities, subject to the limit of 17,000 crore. * Action Required: Oversee the auction process and ensure compliance with the notification's terms. Reserve Bank of India (RBI): * Impact: Responsible for conducting the auction and managing the allotment process. * Action Required: Conduct the auction on August 16, 2019, display results, and manage payments. Banks and Primary Dealers (PDs): * Impact: Act as intermediaries for non-competitive bidders and submit consolidated bids. * Action Required: Submit bids on behalf of their constituents, allocate securities transparently, and furnish information to the RBI as required. Investors (Individuals, Institutions, etc.): * Impact: Opportunity to participate in government security auctions, especially through the non-competitive bidding scheme. * Action Required: Submit bids through eligible banks/PDs, ensure compliance with eligibility criteria, and make payments on time.

Key Entities Referenced

Government of India: The issuer of the government stocks and the overarching authority for the policies described in the document. Reserve Bank of India: The central bank responsible for conducting the auctions and managing the government securities. Mumbai, Maharashtra: The location of the Reserve Bank of India office involved in the auction process. Ministry of Finance: The ministry responsible for the Department of Economic Affairs and the Budget Division issuing the notification. Department of Economic Affairs: The department within the Ministry of Finance that is responsible for the notification regarding government stock auctions. Government Stock: Generic term for government securities being auctioned. New Delhi: The city where the notification was issued. 7.32 GS 2024: A specific government stock with a coupon rate of 7.32% and maturing in 2024.
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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- 239] ubZ fnYyh] 'kqØokj] vxLr 9] 2019@Jko.k+ 18] 1941 No. 239] NEW DELHI, FRIDAY, AUGUST 9, 2019/SHRAVANA 18, 1941 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ाााा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, 9 अग(cid:8)त, 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:27)(cid:27)(cid:27)(cid:27)(cid:28)(cid:28) (cid:28)(cid:28) यय यय एएूूएएूू ंडंडंडंडएएएएमममम////2222000011119999....————भारत सरकार एतद्(cid:10)ारा नीचे (cid:1)दए गए अनुसार सरकारी (cid:8)टॉक, क(cid:23) िब(cid:26)(cid:23) ((((पपपपननुुननुु (cid:2)(cid:2)(cid:2)(cid:2)ननननगगगगमम(cid:7)(cid:7)मम(cid:7)(cid:7) )))) अिधसूिचत करती ह।ै (cid:1)ितभूित का नाम मूल िनगम(cid:13) क(cid:14) मूल अविध प(cid:20)रप(cid:22)ता क(cid:14) नीलामी नीलामी अिधसूिचत का आधार क(cid:14) रािश (करोड़ ` तारीख (वष-(cid:13)माह-(cid:17)दन) तारीख िविध म)(cid:23) 7.32% सरकारी (cid:1)ितभूित 2024 28 जनवरी, 2019 05-00-00 28 जनवरी, 2024 मू(cid:24)य िविवध 5,000 7.26% सरकारी (cid:1)ितभूित 2029 14 जनवरी, 2019 10-00-00 14 जनवरी, 2029 मू(cid:24)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:24)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:24)य िविवध 4,000 कुल अिधसूिचत रािश के अ(cid:30)यधीन 17,000 करोड़ "पए क(cid:23) सीमा तक भारत सरकार, उपयु&’ त एक या अिधक (ितभूितय* के प+रपे, य म- (.य ेक म- 1,000 करोड़ "पए तक के अित+र/ अिभदान का िवक(cid:3)प बनाए रखेगी। यह िब(cid:26)(cid:23) इस अिधसूचना (िजसे 'िविश3 ट अिधसूचना' 4132 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] कहा गया ह)ै म- उि(cid:3)लिखत शत4 के अधीन होगी। इस (ितभूित क(cid:23) िब(cid:26)(cid:23) भारतीय +रजव& ब8क, मुंबई काया&लय, फोट,& मुंबई-400001 के मा(cid:30)यम से भारत सरकार (cid:10)ारा जारी सामा:य अिधसूचना एफ.सं<या 4(2)-ड>(cid:3)यू ए?ड एम/2018, तारीख 27 माच& 2018 म- िन@दA शत4 के अधीन क(cid:23) 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 (ितभूितय* क(cid:23) नीलािमय* म- अ(ित(cid:8)पधB बोली दने ेक(cid:23) सुिवधा क(cid:23) संलC (cid:8)क(cid:23)म (अनुबंध) के अनुसार, िब(cid:26)(cid:23) क(cid:23) अिधसूिचत रािश का 5 (ितशत तक सरकारी (cid:8)टॉक पाD Eय ि/य* और सं(cid:8)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:10)ारा 11116666 अअअअगगगग(cid:15)(cid:15)(cid:15)(cid:15)तततत,,,, 2222000011119999 को संचािलत क(cid:23) जाएगी। नीलामी हते ु बोिलया ं भारतीय +रजव& ब8क कोर ब8Iकग सो(cid:3)यूशन (ई-कुबेर) (णाली संबंधी इले’Kॉिनक (पD म- 11116666 अअअअगगगग(cid:15)(cid:15)(cid:15)(cid:15)तततत,,,, 2222000011119999 को ((cid:8)तुत क(cid:23) जानी चािहए। अ(ित(cid:8)पधB बोिलयां पूवा&Lन 11.30 बजे से दोपहर 12.00 बजे के बीच और (ित(cid:8)पधB बोिलया ं पूवा&Lन 11.30 बजे से म(cid:30)याLन 12.30 बजे के बीच ((cid:8)तुत क(cid:23) जानी चािहए। ककककबबबब ििििननननगगगगिि(cid:7)(cid:7)िि(cid:7)(cid:7)ममममतततत ककककााााररररोोोोबबबबाााारररर 4. यह (cid:8)टॉक, भारतीय +रजव& ब8क (cid:10)ारा जारी (cid:1)दशािनदशM * के अनुसार, 'कब िनग&िमत’ कारोबार के िलए पाD 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+रणाम भारतीय +रजव& ब8क (cid:10)ारा अपने फोट& ि(cid:8)थत मुंबई काया&लय म - 11116666 अअअअगगगग(cid:15)(cid:15)(cid:15)(cid:15)तततत,,,, 2222000011119999,,,, को (दOशत (cid:1)कया जाएगा। सफल बोलीदाताG (cid:10)ारा भुगतान 11119999 अअअअगगगग(cid:15)(cid:15)(cid:15)(cid:15)तततत,,,, 2222000011119999 अथा&त् पपपपननुुननुु (cid:2)(cid:2)(cid:2)(cid:2)ननननगगगग(cid:7)म(cid:7)म(cid:7)म(cid:7)म क(cid:23) तारीख को (cid:1)कया जाएगा। (cid:8)टॉक के िलए भुगतान म- नीलामी म- आबं+टत (cid:8)टॉक के अं(cid:1)कत मू(cid:3)य पर, मूलिनग&म/अंितम कूपन भुगतान क(cid:23) तारीख से (ोQभतू >याज दये होने क(cid:23) तारीख तक (ोQभतू >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 भभभभगगु(cid:7)ु(cid:7)गगु(cid:7)ु(cid:7) तततताााानननन 6. मूल िनग&म/अंितम कूपन भुगतान क(cid:23) तारीख से (cid:8)टॉक के अं(cid:1)कत मू(cid:3)य पर >याज (ोQभूत होगा तथा इसका भुगतान अT&वाOषक आधार पर (cid:1)कया जाएगा। (cid:8)टॉक का पुनभु&गतान प+रपVता क(cid:23) तारीख पर सममू(cid:3)य पर (cid:1)कया जाएगा। (cid:1)(cid:1)(cid:1)(cid:1)ििििततततभभभभििििूूूूतततत ककककाााा ननननाााामममम ककककूूूूपपपपनननन ददददरररर अअअअ ििंंििंं तततत मममम ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन (cid:15)(cid:15)(cid:15)(cid:15)ककककसससस ततततााााररररीीीीखखखख ततततकककक (cid:1)(cid:1)(cid:1)(cid:1)ोोोो(cid:18)(cid:18)(cid:18)(cid:18)भभभभततूूततूू ककककूूूूपपपपनननन भभभभगगुुगगुु तततताााानननन कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख ((((%%%%)))) कककक(cid:11)(cid:11)(cid:11)(cid:11) ततततााााररररीीीीखखखख (cid:19)(cid:19)(cid:19)(cid:19)ययययााााजजजज ददददययेेययेे हहहह ैैैै ((((ततततााााररररीीीीखखखख////ममममााााहहहह)))) 7.32% सरकारी (cid:1)ितभूित 2024 7.32 28 जुलाई, 2019 18 अग(cid:28)त, 2019 28 जनवरी और 28 जुलाई 7.26% सरकारी (cid:1)ितभूित 2029 7.26 14 जुलाई, 2019 18 अग(cid:28)त, 2019 14 जनवरी और 14 जुलाई 7.69% सरकारी (cid:1)ितभूित 2043 7.69 17 जून, 2019 18 अग(cid:28)त, 2019 17 (cid:17)दसबं र और 17 जून 7.72% सरकारी (cid:1)ितभूित 2049 7.72 15 जून, 2019 18 अग(cid:28)त, 2019 15 (cid:17)दसबं र और 15 जून भारत के राWपित के आदेश से, अरXवद Yीवा(cid:8)तव, 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!!!! 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 (ितभूितय* क(cid:23) Zापक भागीदारी और खुदरा धा+रता को (ो.साहन देन े क(cid:23) दिृA से भारत सरकार क(cid:23) (cid:1)दना(cid:1)ंकत (ितभूितय* क(cid:23) चयिनत नीलािमय* म- "अ(ित(cid:8)पधB" आधार पर भागीदारी क(cid:23) अनुमित दने ेका ((cid:8)ताव (cid:1)कया गया ह।ै तQनुसार, (cid:1)दनां(cid:1)कत (ितभूितय* क(cid:23) नीलािमय* म- अिधसूिचत रािश के 5 (ितशत तक क(cid:23) अ(ित(cid:8)पधB बोिलयां (cid:8)वीकार क(cid:23) जाएंगी। (ारि\त रािश अिधसूिचत रािश के अअअअ----ततततगगगगतत(cid:7)(cid:7)तत(cid:7)(cid:7) होगी।¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3 IIIIIIII.... पपपपाााा,,,,तततताााा :::: भारत सरकार क(cid:23) (cid:1)दना(cid:1)ंकत (ितभूितय* क(cid:23) नीलािमय* म- अ(ित(cid:8)पधB आधार पर ऐसे िनवेशक* के िलए भागीदारी खुली होगी जो िन]िलिखत शत4 को पूरा करते ह:8 1. जो भारतीय +रजव& ब8क के पास चालू खाता (सीए) अथवा सहायक सामा:य बही (एसजीएल) खाता नह^ रखते ह;8 अअअअपपपपववववाााादददद:::: \ेDीय _ामीण ब8क* (आरआरबी) और सहकारी ब8क* को उनके सांिविधक दािय.व* के दिृAगत इस (cid:8)क(cid:23)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:8)क(cid:23)म (दान करने वाले (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 से ((cid:8)तुत करते ह8। अअअअपपपपववववाााादददद:::: ऐसे \ेDीय _ामीण ब8क (आरआरबी) तथा सहकारी ब8क जो भारतीय +रजव& ब8क म- एस.जी.एल.खाता और चालू खाता रखते ह,8 अपनी अ(ित(cid:8)पधB बोिलय* को (.य\ ‘प से ((cid:8)तुत करने के िलए पाD ह*गे। IIIIIIIIIIII.... ....ाााापपपपककककतततताााा:::: उपयु&/ शत4 के अधीन "अ(ित(cid:8)पधB" आधार पर फम4, कंपिनय*, िनगिमत िनकाय*, सं(cid:8)थाG, भिव3 य िनिधय*, :यास* और भारतीय +रजव& ब8क (cid:10)ारा यथा-िनधा&+रत (cid:1)कसी अ:य कंपनी सिहत (cid:1)कसी भी Zि/ के िलए भागीदारी खुली ह।ै बोली दने ेक(cid:23) :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:8)टॉक के िलए ह।ै IIIIVVVV.... अअअअ----यययय (cid:8)(cid:8)(cid:8)(cid:8)चचचचााााललललननननाााा0000ममममकककक 1111ददददशशशशााााििििननननददददशश33शश33 :::: 1111.... खुदरा िनवेशक के िलए उस ब8क अथवा (ाथिमक डीलर, िजनके मा(cid:30)यम से वे भाग लेना चाहत े ह,8 के पास एक संघटक सहायक सामा:य बही (सीएसजीएल) खाता रखना अिनवाय& होगा। कोई भी िनवेशक इस (cid:8)क(cid:23)म के अधीन (cid:1)दना(cid:1)ं कत (ितभूित क(cid:23) (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,ै ब8क अथवा (ाथिमक डीलर (cid:10)ारा (ाa (cid:1)कया जाना और +रकाड &म- रखा जाना होगा। 2. अपने _ाहक* से (ाa पbे आड&र के आधार पर (.येक ब8क अथवा (ाथिमक डीलर भारतीय +रजव& ब8क कोर ब8Iकग सो(cid:3)यूशन (ई-कुबेर) (णाली संबंधी इले’Kॉिनक (पD म- अपने _ाहक* क(cid:23) ओर से एक एकल समे(cid:1)कत अ(ित(cid:8)पधB बोली ((cid:8)तुत करेगा। असाधारण प+रि(cid:8)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:8)पधB बोली (cid:8)वीकार नह^ क(cid:23) जाएगी। 3. ब8क अथवा (ाथिमक डीलर को अ(ित(cid:8)पधB खंड के अधीन आबंटन (ितलाभ/क(cid:23)मत क(cid:23) उस भारांिशत औसत दर पर होगा, जो (ित(cid:8)पधB बोली दने े के आधार पर नीलामी म- सामने आएगी। इस बात पर (cid:30)यान (cid:1)दए िबना (cid:1)क ब8क अथवा (ाथिमक डीलर ने अपने _ाहक* से भुगतान (ाa कर िलया ह ै या नह^, िनगम& क(cid:23) तारीख को भुगतान (ाa करके ब8क या (ाथिमक डीलर को (ितभूितया ंजारी क(cid:23) जाएंगी। 4. ऐसे मामले म-, जहा ं बोली क(cid:23) रािश (ारि\त रािश (अिधसूिचत रािश के 5 (ितशत) से अिधक ह ै यथानुपात आबंटन (cid:1)कया जाएगा। आंिशक आबंटन* के मामले म-, यह ब8क अथवा (ाथिमक डीलर* का दािय.व होगा (cid:1)क वह अपने _ाहक* को (ितभूितय* का उिचत आबंटन एक पारदशB तरीके से कर-। 5. ऐसे मामले म- जहा ंबोली रािश (ारि\त रािश से कम हो, कमी को (ित(cid:8)पधB भाग म- शािमल (cid:1)कया जाएगा। 6. (ितभूित को भारतीय +रजव& ब8क (cid:10)ारा केवल एसजीएल ‘प म- जारी (cid:1)कया जाएगा। भारतीय +रजव & ब8क इसे या तो ब8क अथवा (ाथिमक डीलर के मु<य एसजीएल खाते अथवा सीएसजीएल खाते म- जमा करेगा,जैसा(cid:1)क उनके (cid:10)ारा िनदMश (cid:1)दया गया ह।ै मु<य एसजीएल खात ेम- जमा करने क(cid:23) सुिवधा एकमाD उन िनवेशक* क(cid:23) सेवा के (योजनाथ &ह ैजो उनके घटक नह^ ह।8 अतः ब8क अथवा (ाथिमक डीलर* को अ(ित(cid:8)पधB बोिलय* क(cid:23) िनिवदा दते ेसमय उनके एसजीएल खात ेऔर सीएसजीएल खात े म- जमा होन े वाली रािशय* (अं(cid:9)कत मू(cid:14)य) को (cid:8)प3 ट ‘प से दशा&ना होगा। बाद म- िनवेशक के अनुरोध पर मु<य एसजीएल खाते से वा(cid:8)तिवक ‘प म- क(cid:23) गई सुपुदग& ी (cid:8)वीकाय& ह।ै 7. यह ब8क अथवा (ाथिमक डीलर का दािय.व ह ै (cid:1)क वह _ाहक को (ितभूितया ं ह(cid:8)तांत+रत करे। असाधारण प+रि(cid:8)थितय* को छोड़कर, _ाहक* को (ितभूितय* का अंतरण िनग&म क(cid:23) ितिथ से पांच काय &(cid:1)दवस* के भीतर पूरा (cid:1)कया जाएगा। 8. ब8क अथवा (ाथिमक डीलर अपने _ाहक* को यह सेवा दने ेके िलए छह पैसे (ित सौ "पए तक दलाली/कमीशन/सेवा (भार के ‘प म- वसूल कर सकते ह8। ऐसी क(cid:23)मत िब(cid:26)(cid:23) मू(cid:3)य म- शािमल क(cid:23) जा सकती ह ैया _ाहक* से अलग से वसूल क(cid:23) जा सकती ह।ै ऐसे मामले म- जहा ं (ितभूितय* का अंतरण (ितभूित क(cid:23) िनग&म ितिथ के बाद (भावी होता हो, ब8क या (ाथिमक डीलर को _ाहक (cid:10)ारा देय (ितफल रािश म- िनग&म ितिथ से उपिचत >याज शािमल होगा।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 9. (ितभूितय* क(cid:23) लागत, उपिचत >याज जहा ं भी लागू हो, तथा दलाली/कमीशन/सेवा (भार* के िलए _ाहक* से भुगतान (ाa करने क(cid:23) काय&-(णाली,ब8क या (ाथिमक डीलर (cid:10)ारा _ाहक के साथ क(cid:23) गई सहमित के अनुसार तैयार क(cid:23) 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- शािमल नह^ (cid:1)कया जाना चािहए या _ाहक* से वसूल नह^ (cid:1)कया जाना चािहए। VVVV.... ब8क* और (ाथिमक डीलर* को भारतीय +रजव& ब8क (ब8क) (cid:10)ारा समय-समय पर मांगी गई योजना के तहत संचालन* से संबंिधत सूचना िनधा&+रत समय सीमा के अंतग&त ब8क को ((cid:8)तुत करनी होगी। VVVVIIII.... ऊपर उि(cid:3)लिखत (cid:1)दशािनदशM ब8क (cid:10)ारा समी\ा के अधीन ह ै और तQनुसार, जब भी आवcयकता होगी, योजना को संशोिधत (cid:1)कया जाएगा। MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, 9th August, 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) 7.32% 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 August 16, 2019. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 16, 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 August 16, 2019. The payment by successful bidders will be on August 19, 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 tablein 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 rate Date of Last Date upto which Date of Coupon payments Security (%) Coupon payment accrued interest is due (month/date) 7.32% GS 2024 7.32 Jul. 28, 2019 Aug.18, 2019 Jan. 28 and Jul. 28 7.26% GS 2029 7.26 Jul. 14, 2019 Aug.18, 2019 Jan. 14 and Jul. 14 7.69% GS 2043 7.69 Jun.17, 2019 Aug.18, 2019 Dec. 17 and Jun. 17 7.72% GS 2049 7.72 Jun.15, 2019 Aug.18, 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 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 in6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] 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.

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