Date: 2016-06-01Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by clause b of Rule 4 of the Public Debt Rules, 1946 the Central Government hereby specifies for the purpose of Sub clause
Executive Summary:
This notification from the Ministry of Finance announces the issuance of 9.50% Government of India National Small Savings Fund Non-transferable Special Securities, 2015. These securities are issued against amounts received by the Government from the National Small Savings Fund (NSSF) and are effective from April 1, 2015, until further notice. The securities are non-transferable and have a tenure of 10 years, with interest payable semi-annually.
Key Points / Main Content:
* **Issuance and Purpose:**
* The Central Government will issue 9.50% Government of India National Small Savings Fund Non-transferable Special Securities, 2015.
* These securities are issued against amounts received from the National Small Savings Fund (NSSF).
* **Eligibility and Subscription:**
* The Secretary, Department of Economic Affairs, is eligible to subscribe to these securities for amounts invested by NSSF.
* Securities will be issued for a minimum of Rs. 1,00,000 face value and in multiples thereof.
* **Form, Price, and Issuance Details:**
* The securities will be in the form of Stock, held in the Subsidiary General Ledger Account at the Public Debt Office, Reserve Bank of India, Nagpur.
* The securities will be issued at par.
* The date of issue is the date the securities are credited to the Subsidiary General Ledger Account. If amounts were released prior to this notification, the issue date is the date of credit to the Government.
* The securities will be issued at the Public Debt Office, Reserve Bank of India, Nagpur.
* **Tenure, Interest, and Repayment:**
* The tenure of the securities is 10 years from the date of issue.
* Interest is 9.50% per annum, payable semi-annually.
* Interest will be paid after rounding off to the nearest hundred rupees.
* The securities are repayable in ten equal annual installments, starting the year after the issue date.
* **Transferability and Statutory Provisions:**
* The securities are non-transferable and cannot be converted to any other form unless specified by the Government.
* The Public Debt Act, 1944, and the Public Debt Rules, 1946, will govern matters not covered in this notification.
Impact Analysis:
* **Central Government:**
* *Impact:* Receives funds from the NSSF through the issuance of these special securities.
* *Action Required:* To continue issuing and managing these securities as per the terms outlined.
* **National Small Savings Fund (NSSF):**
* *Impact:* Invests funds in these special securities as a means of deploying its capital.
* *Action Required:* To subscribe to the special securities through the Secretary, Department of Economic Affairs.
* **Reserve Bank of India (RBI), Public Debt Office, Nagpur:**
* *Impact:* Manages the issuance, holding, and repayment of these securities through the Subsidiary General Ledger Account.
* *Action Required:* To facilitate the issuance and maintain the accounts for these securities.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for economic and financial matters.
Department of Economic Affairs: A department within the Ministry of Finance.
Public Debt Rules, 1946: Rules governing public debt management in India.
Central Government: The executive authority of the Republic of India.
Public Debt Act, 1944: An act related to the management of public debt in India.
Government of India National Small Savings Fund: A fund in the Public Account of India. Abbreviated as NSSF.
Reserve Bank of India, Nagpur: The branch of Reserve Bank of India located in Nagpur, Maharashtra, which houses the Public Debt Office.
Prashant Goyal: Joint Secretary who signed the notification.
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
la- 167] ubZ fnYyh] cq/okj] twu 1] 2016@T;s"B 11] 1938
No. 167] NEW DELHI, WEDNESDAY, JUNE 1, 2016/ JYAISTHA 11, 1938
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3) मममम(cid:7)(cid:7)ंं(cid:7)(cid:7)ंं ााााललललयययय
((((आआआआ(cid:2)(cid:2)(cid:2)(cid:2)थथथथकककक ककककाााायययय (cid:8)(cid:8) (cid:8)(cid:8)ििििववववभभभभाााागगगग))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 31 मई, 2016
सससस..ंं..ंं 5555----1111////2222000011115555----एएएएननननएएएएसससस----II.—के(cid:11)(cid:12)ीय सरकार, लोक ॠण िनयम, 1946 के िनयम 4 के ख(cid:18)ड (ख) (cid:22)ारा (cid:23)द(cid:24)त
शि(cid:28)य(cid:29) का (cid:23)योग करते ए, लोक ॠण अिधिनयम, 1944 (1944 का 18) क" धारा 2 के ख(cid:18)ड (2) के उपख(cid:18)ड (ख) के
(cid:23)योजनाथ& यह िविन)द* ट करती ह ै (cid:4)क
(i) 9999....55550000%%%% ((((ननननौौौौ ददददशशशशममममललललवववव पपपपचचचचाााासससस (cid:18)(cid:18)(cid:18)(cid:18)ििििततततशशशशतततत)))) भारत सरकार (रा*. ीय अ(cid:6)प बचत िनिध) (अह3त ातं रणीय) िवशेष
(cid:23)ितभूित, 2015 लोक ॠण काया&लय (cid:22)ारा रखे गए सहायक सामा(cid:11)य बही खाते म= धारक के नाम से रख े
जाने वाले ‘पूंजी-प>’ के ?प म =िनग&त क" जाएंगी; और
(ii) ये (cid:23)ितभूितयां ह3त ांतरणीय नह@ होगी।
(cid:23)शांत गोयल, संयु(cid:28) सिचव
MINISTRY OF FINANCE
(Department of Economic Affaris)
NOTIFICATION
New Delhi, the 31st May, 2016
No. 5-1/2015-NS.II.— In exercise of the powers conferred by clause (b) of Rule 4 of the Public Debt
Rules, 1946 the Central Government hereby specifies for the purpose of Sub clause (b) of clause (2) of section
2 of the Public Debt Act, 1944 ( 18 of 1944) that
(i) 9.50% (Nine point five per cent) Government of India (National Small Savings Fund) (Non-
transferable) Special Securities, 2015 shall be issued in the form of ‘Stock’ to be held at the credit of
the holder in the Subsidiary General Ledger Account maintained by the Public Debt Office; and
(ii) these securities shall not be transferable.
PRASHANT GOYAL, Jt. Secy.
2777 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 31 मई, 2016
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सससस..ंं..ंं 5555----1111////2222000011115555----एएएएननननएएएएसससस----II.— भारत सरकार, 01 अ(cid:23)ैल, 2015 से अगली सूचना तक, 9999....55550000 (cid:18)(cid:18)(cid:18)(cid:18)ििििततततशशशशतततत भारत सरकार
(रा* .ीय अ(cid:6)प बचत िनिध) (अह3 तांतरणीय) िवशेष (cid:23)ितभूित, 2015 (इसम= इसके पEात ् इस े “िवशेष (cid:23)ितभूित” कहा गया ह)ै
का िनग&म अिधसूिचत करती ह।ै
2222.... उउउउदददददददद्््् े,े,े,े,यय यय :
के(cid:11)(cid:12)ीय सरकार,,,, भारत के लोक लेखा म = ''''''''रा* .ीय अ(cid:6)प बचत िनिध'''''''' (एनएसएसएफ) के नाम से Fात एक नई िनिध के सृजन
के पHरणाम3व?प,,,, सरकार (cid:22)ारा राIीय अ(cid:6)प बचत िनिध स े समय-समय पर (cid:23)ाJ रकम(cid:29) के िलए इसके अधीन अिधसूिचत
िवशेष (cid:23)ितभूितयां िनग&त करेगी।
3333.... ििििववववशशशशषषेेषषेे (cid:18)(cid:18)(cid:18)(cid:18)ििििततततभभभभििूूििूू ततततयययय---- मममम ....अअअअििििभभभभददददाााायययय ककककेेेे ििििललललएएएए पपपपाााा(cid:7)(cid:7)(cid:7)(cid:7)तततताााा:
सिचव,,,, भारत सरकार,,,, िव(cid:24) त मं>ालय,,,, आLथक काय& िवभाग एनएसएसएफ (cid:22)ारा िनवेिशत रकम(cid:29) को के(cid:11)(cid:12)ीय सरकार (cid:22)ारा
समय-समय पर यथािविन)दN िवशेष (cid:23)ितभूितय(cid:29) म = अिभदाय करने के िलए पा> होगा।
4444.... अअअअििििभभभभददददाााानननन:
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5555.... (cid:18)(cid:18)(cid:18)(cid:18)ििििततततभभभभििूूििूू ततततयययय---- ककककाााा !!!!वववव0000पपपप:
िवशेष (cid:23)ितभूितया,,ं,, लोक ॠण काया&लय,,,, भारतीय Hरजव& बकS ,,,, नागपुर म = रख े गए सहायक सामा(cid:11)य बही खात े म= धारक के
नाम से रख े जाने वाल े‘‘‘‘पूंजी-प>’’’’ के ?प म= िनग&त क" जाएंगी।
6666.... ििििननननगगगगमम’’मम’’ ककककाााा मममम(cid:28)(cid:28)ूू(cid:28)(cid:28)ूू यय यय , ततततााााररररीीीीखखखख औऔऔऔरररर !!!!थथ थथ ाााानननन::::
((((iiii)))) िवशेष (cid:23)ितभूितयां सममू(cid:6) य पर िनग&िमत क" जाएंगी।
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बही खाते म= जमा करायी गयी ह,,S,, परंतु राIीय अ(cid:6)प बचत िनिध से पहले जारी क" गयी और इस
अिधसूचना के जारी (cid:4)कए जान े से पूव& सरकारी खात े म= जमा करायी गयी रकम(cid:29) का दशा म,,=,, िवशेष
(cid:23)ितभूितय(cid:29) के िनग&म क" तारीख वह तारीख होगी िजस तारीख को वे रकम सरकार के खाते म= जमा क"
गयी ह।ै
((((iiiiiiiiiiii)))) िवशेष (cid:23)ितभूितयां लोक ॠण काया&लय,,,, भारतीय Hरजव& बSक,,,, नागपरु म = िनग&िमत क" जाएगं ी।
7777.... अअअअववववििििधधधध:
िवशेष (cid:23)ितभूितय(cid:29) क" अविध िनग&म क" तारीख स े 10 वष & होगी।
8888.... 4444यय यय ााााजजजज:
((((iiii)))) िवशेष (cid:23)ितभूितय(cid:29) पर 9.50%%%% ((((ननननौौौौ ददददशशशशममममललललवववव पपपपचचचचाााासससस (cid:18)(cid:18)(cid:18)(cid:18)ििििततततशशशशतततत)))) (cid:23)ित वष& Uय ाज िमलेगा। अ(cid:23)लै से िसतVबर
और अ(cid:28)ूबर से माच& क" अध&वाLषक अविधय(cid:29) के िलए (cid:23)ोWभूत Uयाज Xमशः 31 माच& एवं 30 िसतVबर को
संदेय होगा। (cid:23)ितभूित पर U याज लोक ॠण काया&लय (अथा&त िनग&म करने वाला काया&लय),,,, भारतीय Hरजव&
बSक,,,, नागपुर म= देय होगा।
((((iiiiiiii)))) Uयाज,,,, लगभग सौ Oपए के पणू ा\कन के बाद संदेय (cid:4)कया जाएगा।
9999.... चचचचककुुककुु ौौौौततततीीीी:
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11110000.... अअअअततततंंंं ररररणणणणीीीीययययतततताााा औऔऔऔरररर ससससपपंंपपंं 6666ररररववववततततनननन’’’’
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(cid:22)ारा िवशेष Oप स े िविन)द* ट न (cid:4)कया जाए।¹Hkkx Iµ[k.M 1º Hkkjr dk jkti=k % vlk/kj.k 3
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ऐसे (cid:4)कसी मामले के संबंध म= िजसका इस अिधसूचना म= उ(cid:6)लखे नह@ (cid:4)कया गया ह,,ै,, िवशेष (cid:23)ितभूितयां लोक ॠण अिधिनयम,,,,
1944 (1944 का 18) और इसके अधीन िवरिचत लोक ॠण िनयम,,,, 1946 (cid:22)ारा अिधशािसत ह(cid:29)गी।
(cid:23)शांत गोयल, संयु(cid:28) सिचव
NOTIFICATION
New Delhi, the 31st May, 2016
Issue of 9.50% Government of India (National Small Savings Fund) (Non-transferable)
Special Securities, 2015
No. 5-1/2015-NS.II.— The Government of India, hereby notifies the issue of 9.50 per cent
Government of India (National Small Savings Fund) (Non-transferable) Special Securities, 2015 (hereinafter
called “special securities”) from 1st April 2015 until further notice.
2. Objective:
Consequent upon the creation of a new fund in the Public Account of India called the “National Small Savings
Fund” (NSSF), the Central Government shall issue the Special Securities notified hereunder against the
amounts received by the Government from NSSF from time to time.
3. Eligibility for subscribing to special securities:
The Secretary, Government of India, Ministry of Finance, Department of Economic Affairs, shall be eligible
to subscribe to special securities for the amounts invested by NSSF as specified by the Central Government
from time to time.
4. Subscription:
Special securities will be issued for an amount of Rs.1,00,000 (face value) and in multiples of Rs. 1, 00,000
thereafter.
5. Form of securities:
The special securities will be issued in the form of ‘Stock’ to be held at the credit of the holder in the
Subsidiary General Ledger Account maintained with Public Debt Office, Reserve Bank of India, Nagpur.
6. Price, Date and Place of Issue:
(i) The special securities will be issued at par.
(ii) The date of issue of special securities shall be the date on which the special securities are credited
to the Subsidiary General Ledger Account provided that in the case of amounts already released
from NSSF and credited to the government prior to this Notification, the date of issue of special
securities shall be date of such credit to the Government.
(iii) The Special Securities will be issued at Public Debt Office, Reserve Bank of India, Nagpur.
7. Tenure:
The tenure of the special securities will be 10 years from the date of issue.
8. Interest:
(i) The special securities will bear interest at the rate of 9.50 (Nine point five per cent.) per annum
which will be payable at half yearly basis reckoned from the date of issue of the special securities.
Interest on the securities will be payable at the Public Debt Office (i.e. the office of Issue), Reserve
Bank of India, Nagpur.
(ii) Interest will be paid after rounding off to be nearest hundred rupees.
9. Repayment:
The special securities shall be repayable in ten equal annual installments starting from the next year from the
date of issue.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
10. Transferability and conversion:
The Special Securities shall not be transferable and conversion of the securities to any other form shall not be
permitted, until and unless otherwise specified by the Government.
11. Statutory Provisions:
With respect to any such matter which has not been provided under this notification, the special securities
shall be governed by the Public Debt Act, 1944 (18 OF 1944) and the Public Debt Rules, 1946 framed there
under.
PRASHANT GOYAL, Jt. Secy.
Uploaded by the Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.