REGD. NO, D. L -33004/99
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No.
11]
NEW DELHI, FRIDAY, JANUARY 5, 2001/PAUSA 15,1922
49 GI/2001
(1)
REGD. NO, D. L -33004/99
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No.
11]
NEW DELHI, FRIDAY, JANUARY 5, 2001/PAUSA 15,1922
49 GI/2001
(1)
2
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 5th January, 2001
Part redemption of 10 per cent Nationalised Banks' (Non-Transferable) Special Security, 2009
No. F. 4(8)-W&M/2000._Government
of India
hereby
notifies
part
redemption
of 10 per
cent
Nationalised
Banks'
(Non-Transferable)
Special
o
I ^ ' c n i ? ? 9 » ( h c r e i n a f t c r
r e f e r r e d
to
as
"special security"
for
an amount of
KS. 4/,y5,04536.05 (nominal)
out of the special
security
issued to Andhra
Bank
(hereinafter referred to as the "bank") vide Government of India notification
No
4(13)-W&M/93 dated the 27th March, 1997, fur value aggregating
Rs. 165.00 crore
(nominal), subject to the following terms and conditions:-
3
1.
Eligibility
and
limit
for
ndempiMni
Only Andhra Bank shall be cligiblt
\< apply and get the special
security
redeemed and the amount of redemption shall be limited by the amounts of equity
capital allowed by the Government
to be teturncd
by the bank.
No other
person
including any bank, company, corporation
01 any other body except the Andhra
Bank shall be eligible to apply for redemption.
2 .
Price
and
date
of
redemption
The special
security
will be redeemed
at Rs. 10,000 for
every
Rs. 10,000
(nominal)
i.e. at par.
The special
security
shall
be redeemed
on 31.1.2001 on
application
from
the
bank
and
on tendering
of the
special
security
duly
discharged alongwith the application at the Public Debt Office of Reserve Bank of
India, Fort, Mumbai-400001.
3 .
I n t e r e s t
Interest
payable on the special security
as on date of redemption
will be
paid to the bank.
4 .
Repayment
of
the
remaining
amount
The remaining
amount of the special security held by the bank for value
aggregating
Rs. 117,04,95,463.95 (nominal)
after
redemption,
shall be repayable
in six equal annual instalments as specified in paragraph
4 of the Government
of
India Notification
No. 4(13)-W&M/93, dated 27th March,
1997, unless
otherwise
notified by the Government.
By Order of the President of India
D. SWARUP, Jt. Secy. (Budget)
Printed by the Manager, Govt, of India Press, Ring Rond Mayapuri, Now Delhi-1100S4
and Published by the Controller of Publications, Delhi-110054.
