Gold certificate

Clarifications on Gold Deposit Scheme

CIRCULAR DBOD. No. IBD.BC.81/23.67.001/2012-13 Dated 14/02/2013 The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country's reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified… Read More

Tags: Exchange-traded fundGold certificateGold Deposit SchemeJanuary 24 2013Mutual fundReserve Bank of IndiaRun batted inSecurities and Exchange Board of India

SEBI Clarification on Gold Deposit Scheme of banks

CIRCULAR CIR/IMD/DF/04/2013         February 15, 2013 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds/ All Depositories Sir/ Madam, Sub: Gold Exchange Traded Fund Scheme (Gold ETFs)  Investment in Gold Deposit Scheme (GDS) of Banks 1. SEBI (Mutual Funds) Regulations, 1996, (MF Regulations)  permits Gold Exchange Traded Fund scheme (Gold ETFs) to… Read More

Tags: BankExchange-traded fundGDSGold certificateInvestmentMutual fundSEBISecurities and Exchange Board of India

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