Home India Reserve Bank of India In pursuance of Regulation 14 of the Government Securities R...
Date: 2018-01-11 Category: Extra Ordinary State: Union Government Country: India

In pursuance of Regulation 14 of the Government Securities Regulations, 2007 made by the Reserve

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document is a notification from the Reserve Bank of India (RBI) regarding a list of securities lost in September 2016. It invites claims on these securities from individuals other than the listed claimants. The notification is issued under Regulation 14 of the Government Securities Regulations, 2007. Any claims must be communicated immediately to the Chief General Manager, Reserve Bank of India, Mumbai. Key Points / Main Content: * **Purpose:** Advertisement of a list of securities lost in September 2016, for which prima facie ground exists for believing that the securities have been lost and the claim of applicant is just. * **Authority:** Issued by the Reserve Bank of India (RBI) under Section 32 of the Government Securities Act, 2006, and Regulation 14 of the Government Securities Regulations, 2007. * **Securities Details:** * Includes the nomenclature of the loan, security number, value, name of the claimant, issue date, and details related to duplicate issuance or discharge value payment. * One entry details a Relief Bond 2002, with security numbers BCN002697 and BCN002698, valued at Rs. 1,50,000, issued on 12.12.2002 in the name of Shri Amarjit Singh Sethi, with Smt Guljit Kaur named as the claimant. * **Claim Process:** * Persons other than the claimants listed, who have any claim upon these securities, should communicate immediately. * Communication should be addressed to the Chief General Manager, Reserve Bank of India, Central Office, Internal Debt Management Department, Central Debt Division, Central Office, 23rd Floor, Central Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai 400 001. Impact Analysis: **Claimants (Other than those Listed):** * *Impact:* May have a claim on the lost securities. * *Action Required:* Communicate their claim immediately to the Chief General Manager at the Reserve Bank of India, Mumbai. **Reserve Bank of India (RBI):** * *Impact:* Responsible for managing claims related to the lost securities. * *Action Required:* Process and resolve claims received regarding the listed securities.

Key Entities Referenced

Reserve Bank of India: The central bank of India, responsible for regulating the country's financial system. Mumbai, Maharashtra: City in Maharashtra, location of the Reserve Bank of India's office mentioned in the notification. Government Securities Regulations, 2007: Regulations pertaining to government securities, issued by the Reserve Bank of India. Government Securities Act, 2006: The act under which the Government Securities Regulations are made. Internal Debt Management Department: Department within the Reserve Bank of India responsible for internal debt management. Central Debt Division: A division within the Internal Debt Management Department of the Reserve Bank of India. Shahid Bhagat Singh Marg: A street in Mumbai, Maharashtra, where the Central Office Building of Reserve Bank of India is located Relief GP Note: Type of security mentioned in the notification.
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