Amendment to Sovereign Gold Bond Scheme, Notification No.4 (25)-W&M/2017 :RBI

Government of India

Ministry of Finance

Department of Economic Affairs

New Delhi, dated the October 25, 2017


Amendment to Sovereign Gold Bond Scheme, Notification No.4 (25)-W&M/2017

1. GSR — In exercise of the powers conferred by clause (iii) of section 3 of the Government Securities Act, 2006 (38 of 2006), the Central Government hereby amends the conditions specified in clause 13 of the Sovereign Gold Bond Scheme notified vide Notification No. F.4 (25)-W&M/2017 dated 06th October 2017[Notification No. GSR 1225(E)]

2. In place of clause 13 of the original notification the following shall be substituted:

“13. Eligibility for Statutory Liquidity Ratio – Bonds acquired by the banks through the process of invoking lien/hypothecation/pledge alone, shall be counted towards Statutory Liquidity Ratio.”

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates