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REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx I—[k.M 1
PART I—Section 1
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
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292]
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No. 292]
NEW DELHI, MONDAY, DECEMBER 16, 2013/AGRAHAYANA 25, 1935
5238 GI/2013
(1)
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2
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
vuqca/
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lqfo/k Ldhe
I.
dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj
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ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rn~uqlkj]
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k
vf/lwfpr jkf'k ds vUrxZr gksxh A
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh
tks fuEufyf[kr 'krks± dks iwjk djrs gSa %
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok
lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa_
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
v/hu 'kkfey fd;k tk,xk A
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
jkf'k ds fy, ,d gh cksyh yxkrs gSa_
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izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls
izLrqr djrs gSa A
viokn % ,sls {ks=kh; xzkeh.k cSad (vkjvkjch) rFkk lgdkjh
cSad tks Hkkjrh; fjtoZ cSad esa ,l-th-,y- [kkrk vkSj pkyw
[kkrk j[krs gSa] viuh vizfrLi/hZ cksfy;ksa dks izR;{k :i ls
izLrqr djus ds fy, ik=k gksaxs A
III. O;kidrk % mi;qZDr 'krks± ds v/hu ¶vizfrLi/hZ¸ vk/kj ij
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vkSj Hkkjrh; fjtoZ cSad }kjk ;Fkk&fu/kZfjr fdlh vU; dEiuh lfgr
fdlh Hkh O;fDr ds fy, Hkkxhnkjh [kqyh gS A cksyh nsus dh U;wure
jkf'k 10]000 #i, (vafdr ewY;) vkSj mlds ckn 10]000 #i, ds
xq.ktksa esa gksxh tSlk vc rd fnukafdr LVkWd ds fy, gS A
IV. vU; izpkyukRed fn'kkfunsZ'k %
1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
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lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
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çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
2- vius xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd cSad
vFkok izkFkfed Mhyj Hkkjrh; fjtZo cSad dksj cSa¯dx lksY;w'ku
(bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa vius xzkgdksa
dh vksj ls ,d ,dy lesfdr vçfrLi/hZ cksyh çLrqr
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cSa¯dx lksY;w'ku (bZ&dqcsj) ç.kkyh esa lkekU; xM+cM+h dks
NksM+dj] HkkSfrd :i esa vçfrLi/hZ cksyh Lohdkj ugha dh
tk,xh A
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gksxk] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
vk,xk A bl ckr ij è;ku fn, fcuk fd cSad vFkok
izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS
;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A
4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k (vfèklwfpr
jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr vkcaVu fd;k
tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g cSad vFkok
izkFkfed Mhyjksa dk mÙkjnkf;Ro gksxk fd og vius xzkgdksa
dks izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ rjhds ls djsa A
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
dks izfrLi/hZ Hkkx esa 'kkfey fd;k tk,xk A
6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa
tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
lh,lth,y [kkrs esa tek djsxk] tSlkfd muds }kjk funsZ'k fn;k
x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks
vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y
[kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks
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ls ikap dk;Z fnolksa ds Hkhrj iwjk fd;k tk,xk A
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls
mifpr C;kt 'kkfey gksxk A
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3
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nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
olwy ugha fd;k tkuk pkfg, A
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad)
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r
lwpuk fu/kZfjr le;&lhek ds varxZr cSad dks izLrqr djuh gksxh A
VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gSa
vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k
tk,xk A
MINISTRY OF FINANCE
(Department of Economic Affairs)
(BUDGET DIVISION)
NOTIFICATION
New Delhi, the 16th December, 2013
Auction for Sale (Re-issue) of ‘8.12 per cent
Government Stock, 2020’
F. No. 4(2)-W & M/2013.—Government of India
hereby notifies sale (re-issue) of ‘8.12 per cent Government
Stock, 2020’ (hereinafter called ‘the Stock’) for an
aggregate amount of ` 4,000 crore (nominal). The sale
will be subject to the terms and conditions spelt out in
this notification (called ‘Specific Notification’) as also
the terms and conditions specified in the General
Notification F. No. 4(13)-W & M/2008, dated October 8,
2008 issued by the Government of India.
2. Method of Issue
The Stock will be sold through Reserve Bank of India,
Mumbai Office, Fort, Mumbai-400 001 in the manner as
prescribed in paragraph 5.1 of the General Notification
F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a price
based auction using uniform price auction method.
3. Allotment to Non-competitive Bidders
The Government Stock up to 5% of the notified
amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for Non-
competitive Bidding Facility in the Auctions of Government
Securities (Annex).
4. Place and date of Auction
The auction will be conducted by Reserve
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
December 20, 2013. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) System on December 20,
2013. The Non-competitive bids should be submitted
between 10.30 a.m. and 11.30 a.m. and the competitive bids
should be submitted between 10.30 a.m. and 12.00 noon.
5. When Issued Trading
The Stock will be eligible for “When Issued” trading
in accordance with the guidelines issued by the Reserve
Bank of India.
6. Tenure
The Government Stock will be of eight years tenure
commencing from December 10, 2012. The Stock will be
repaid at par on December 10, 2020.
7. Date of Issue and Payment for the Stock
The result of the auction shall be displayed by the
Reserve Bank of India at its Fort, Mumbai Office on
December 20, 2013. The payment by successful bidders will
be on December 23, 2013, i.e., the date of re-issue. The
payment for the Stock will include accrued interest on the
nominal value of the Stock allotted in the auction from the
date of last coupon payment i.e., December 10, 2013 to
December 22, 2013.
8. Interest
Interest at the rate of 8.12 per cent per annum will
accrue on the nominal value of the Stock from the date of
last coupon payment and will be paid half yearly on
June 10 and December 10.
By Order of the President of India,
Dr. RAJAT BHARGAVA, Jt. Secy.
ANNEXURE
Scheme for Non-competitive Bidding Facility in the
Auctions of Government Securities
I. Scope : With a view to encouraging wider
participation and retail holding of Government securities it
is proposed to allow participation on “non-competitive”
basis in select auctions of dated Government of India (GoI)
securities. Accordingly, Non-competitive bids up to
5 per cent of the notified amount will be accepted in the
auctions of dated securities. The reserved amount will be
within the notified amount.
II. Eligibility : Participation on a non-competitive
basis in the auctions of dated GoI securities will be open
to investors who satisfy the following :
1. do not maintain Current Account (CA) or Subsidiary
General Ledger (SGL) account with the Reserve Bank
of India.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks shall be covered under this Scheme
in view of their statutory obligations.
2. make a single bid for an amount not more than
Rs. two crore (face value) per auction.
3. submit their bid indirectly through any one bank or
PD offering this scheme.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks that maintain SGL Account and
Current Account with the Reserve Bank of India shall
be eligible to submit their non-competitive bids
directly.
4
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
III. Coverage : Subject to the conditions mentioned
above, participation on “non-competitive” basis is open
to any person including firms, companies, corporate bodies,
institutions, provident funds, trusts, and any other entity
as may be prescribed by RBI. The minimum amount for
bidding will be ` 10,000 (face value) and thereafter in
multiples in ` 10,000 as hitherto for dated stocks.
IV. Other Operational Guidelines :
1. The retail investor desirous of participating in the
auction under the Scheme would be required to
maintain a Constituent Subsidiary General Ledger
(CSGL) account with the bank or PD through whom
they wish to participate. Under the Scheme, an
investor can make only a single bid in an auction of
a dated security. An undertaking to the effect that
the investor is making only a single bid will have to
obtain and kept on record by the bank or PD.
2. Each bank or PD on the basis of firm orders received
from their constituents will submit a single
consolidated Non-competitive bid on behalf of all its
constituents in electronic format on the Reserve Bank
of India Core Banking Solution (E-Kuber) System.
Except in extraordinary circumstances such as
general failure of the Reserve Bank of India Core
Banking Solution (E-Kuber) System,Non-competitive
bid in physical form will not be accepted.
3. Allotment under the non-competitive segment to the
bank or PD will be at the weighted average rate of
yield/price that will emerge in the auction on the basis
of the competitive bidding. The securities will be
issued to the bank or PD against payment on the
date of issue irrespective of whether the bank or PD
has received payment from their clients.
4. In case the aggregate amount of bid is more than the
reserved amount (5% of notified amount), pro rata
allotment would be made. In case of partial allotments,
it will be the responsibility of the bank or PD to
appropriately allocate securities to their clients in a
transparent manner.
5. In case the aggregate amount of bids is less than the
reserved amount, the shortfall will be taken to
competitive portion.
6. Security would be issued only in SGL form by RBI.
RBI would credit either the main SGL account or the
CSGL account of the bank or PD as indicated by
them. The facility for affording credit to the main
SGL account is for the sole purpose of servicing
investors who are not their constituents. Therefore,
the bank or PD would have to indicate clearly at the
time of tendering the non-competitive bids the
amounts (face value) to be credited to their SGL
account and the CSGL account. Delivery in physical
form from the main SGL account is permissible at the
instance of the investor subsequently.
7. It will be the responsibility of the bank or the PD to
pass on the securities to their clients. Except in
extraordinary circumstances, the transfer of securities
to the clients shall be completed within five working
days from the date of issue.
8. The bank or PD can recover up to six paise per
` 100 as brokerage/commission/service charges for
rendering this service to their clients. Such costs
may be built into the sale price or recovered
separately from the clients. In case the transfer of
securities is effected subsequent to the issue date of
the security, the consideration amount payable by
the client to the bank or PD would also include
accrued interest from the date of issue.
9. Modalities for obtaining payment from clients towards
cost of the securities, accrued interest wherever
applicable and brokerage/commission/service
charges may be worked out by the bank or PD as per
agreement with the client. It may be noted that no
other costs such as funding costs should be built
into the price or recovered from the client.
V. Banks and PDs will be required to furnish
information relating to operations under the Scheme to the
Reserve Bank of India (Bank) as may be called for from
time to time within the time frame prescribed by the Bank.
VI. The aforesaid guidelines are subject to review
by the Bank and accordingly, if and when considered
necessary, the Scheme will be modified.
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uhykeh gsrq cksfy;ka Hkkjrh; fjtoZ cSad dksj cSa¯dx lksY;w'ku (bZ&dqcsj)
iz.kkyh laca/h bysDVªkWfud izi=k esa 20 fnlEcj] 2013 dks izLrqr dh
tkuh pkfg,A vizfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls iwokZÉ 11-30
cts ds chp vkSj izfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls nksigj
12-00 cts ds chp izLrqr dh tkuh pkfg, A
5- dc fuxZfer dkjksckj
;g LVkWd] Hkkjrh; fjtoZ cSad }kjk tkjh fn'kkfunsZ'kksa ds
vuqlkj] ^dc fuxZfer* dkjksckj ds fy, ik=k gksxk A
6- vof/
;g LVkWd 21 flrEcj] 2007 ls izkjEHk gksdj chl o"kZ dh
vof/ ds fy, gksxk A bl LVkWd dh pqdkSrh 21 flrEcj] 2027 dks
leewY; ij dh tk,xh A
7- fuxZe dh rkjh[k vkSj LVkWd ds fy, Hkqxrku
uhykeh dk ifj.kke Hkkjrh; fjtoZ cSad }kjk vius iQksVZ
fLFkr eqEcbZ dk;kZy; esa 20 fnlEcj] 2013 dks izn£'kr fd;k tk,xk A
liQy cksyhnkrkvksa }kjk Hkqxrku 23 fnlEcj] 2013 vFkkZr~ iqu£uxZe
dh rkjh[k dks fd;k tk,xk A LVkWd ds fy, Hkqxrku esa uhykeh esa
vkcafVr LVkWd ds vafdr ewY; ij] vafre dwiu dh rkjh[k ls
vFkkZr~ 21 flrEcj] 2013 ls 22 fnlEcj] 2013 rd izksn~Hkwr C;kt
'kkfey gksxk A
8- C;kt
vafre dwiu dh rkjh[k ls LVkWd ds vafdr ewY; ij 8-28
izfr'kr izfro"kZ dh nj ls C;kt izksn~Hkwr gksxk rFkk bldk Hkqxrku
v¼Z&okf"kZd vk/kj ij 21 ekpZ vkSj 21 flrEcj dks fd;k
tk,xk A
Hkkjr ds jk"Vªifr ds vkns'k ls]
MkW- jtr HkkxZo] la;qDr lfpo
vuqca/
ljdkjh izfrHkwfr;ksa dh uhykeh esa vizfrLi/hZ cksyh
lqfo/k Ldhe
I.
dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj
[kqnjk /kfjrk dks izksRlkgu nsus dh n`f"V ls Hkkjr ljdkj dh
fnukafdr izfrHkwfr;ksa dh p;fur uhykfe;ksa esa ¶vizfrLi/hZ¸ vk/kj
ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rn~uqlkj]
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k
vf/lwfpr jkf'k ds vUrxZr gksxh A
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh
tks fuEufyf[kr 'krks± dks iwjk djrs gSa %
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok
lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa_
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
v/hu 'kkfey fd;k tk,xk A
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
jkf'k ds fy, ,d gh cksyh yxkrs gSa_
3- tks ;g Ldhe iznku djus okys fdlh ,d cSad vFkok
izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls
izLrqr djrs gSa A
viokn % ,sls {ks=kh; xzkeh.k cSad (vkjvkjch) rFkk lgdkjh
cSad tks Hkkjrh; fjtoZ cSad esa ,l-th-,y- [kkrk vkSj pkyw
[kkrk j[krs gSa] viuh vizfrLi/hZ cksfy;ksa dks izR;{k :i ls
izLrqr djus ds fy, ik=k gksaxs A
III. O;kidrk % mi;qZDr 'krks± ds v/hu ¶vizfrLi/hZ¸ vk/kj ij
iQeks±] dEifu;ksa] fuxfer fudk;ksa] laLFkkvksa] Hkfo"; fuf/;ksa]
U;klksa vkSj Hkkjrh; fjtoZ cSad }kjk ;Fkk&fu/kZfjr fdlh vU;
dEiuh lfgr fdlh Hkh O;fDr ds fy, Hkkxhnkjh [kqyh gS A cksyh
nsus dh U;wure jkf'k 10]000 #i, (vafdr ewY;) vkSj mlds ckn
10]000 #i, ds xq.ktksa esa gksxh tSlk vc rd fnukafdr LVkWd ds
fy, gS A
IV. vU; izpkyukRed fn'kkfunsZ'k %
1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
ftuds ekè;e ls os Hkkx ysuk pkgrs gSa] ds ikl ,d la?kVd
lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
gksxk A dksbZ Hkh fuos'kd bl Ldhe ds v/hu fnukafdr
çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
2- vius xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd cSad
vFkok izkFkfed Mhyj Hkkjrh; fjtoZ cSad dksj cSa¯dx lksY;w'ku
(bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa vius xzkgdksa
dh vksj ls ,d ,dy lesfdr vçfrLi/hZ cksyh çLrqr
djsxk A vlk/kj.k ifjfLFkfr;ksa] tSls Hkkjrh; fjtZoZ cSad dksj
cSa¯dx lksY;w'ku (bZ&dqcsj) ç.kkyh esa lkekU; xM+cM+h dks
NksM+dj HkkSfrd :i esa vçfrLi/hZ cksyh Lohdkj ugha dh
tk,xh A
3- cSad vFkok izkFkfed Mhyj dks vizfrLi/hZ [kaM ds v/hu
vkcaVu izfrykHk@dher dh ml Hkkjkaf'kr vkSlr nj ij
gksxh] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
vk,xh A bl ckr ij è;ku fn, fcuk fd cSad vFkok
izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS
;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A
6
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k
(vf/lwfpr jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr
vkcaVu fd;k tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g
cSad vFkok izkFkfed Mhyjksa dk nkf;Ro gksxk fd og vius
xzkgdksa dks izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ rjhds
ls djsa A
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
dks izfrLi/hZ Hkkx esa 'kkfey fd;k tk,xk A
6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa
tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
lh,lth,y [kkrs esa tek djsxk] tSlkfd muds }kjk funsZ'k fn;k
x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks
vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y
[kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks
NksM+dj] xzkgdksa dks izfrHkwfr;ksa dk varj.k fuxZe dh frfFk
ls ikap dk;Z&fnolksa ds Hkhrj iwjk fd;k tk,xk A
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls
mifpr C;kt 'kkfey gksxk A
9- izfrHkwfr;ksa dh ykxr] mifpr C;kt tgka Hkh ykxw gks] rFkk
nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
olwy ugha fd;k tkuk pkfg, A
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad)
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r
lwpuk fu/kZfjr le;&lhek ds varxZr cSad dks izLrqr djuh gksxh A
VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gS
vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k
tk,xk A
NOTIFICATION
New Delhi, the 16th December, 2013
Auction for Sale (Re-issue) of ‘‘8.28 per cent
Government Stock, 2027’’
F. No. 4(2)-W & M/2013(i).—Government of India
hereby notifies sale (re-issue) of '8.28 per cent Government
Stock, 2027' (hereinafter called 'the Stock') for an aggregate
amount of ` 7,000 crore (nominal). The sale will be
subject to the terms and conditions spelt out in this
notification (called ‘Specific Notification’) as also the
terms and conditions specified in the General Notification
F. No. 4 (13)-W & M/2008, dated October 8, 2008 issued
by Government of India.
2. Method of Issue
The Stock will be sold through Reserve Bank of India,
Mumbai Office, Fort, Mumbai-400001 in the manner as
prescribed in paragraph 5.1 of the General Notification
F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a price
based auction using uniform price auction method.
3. Allotment to Non-competitive Bidders
The Government Stock up to 5% of the notified
amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for Non-
competitive Bidding Facility in the Auctions of Government
Securities (Annex).
4. Place and date of Auction
The auction will be conducted by Reserve
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
December 20, 2013. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) System on December 20,
2013. The Non-competitive bids should be submitted
between 10.30 a.m. and 11.30 a.m. and the competitive bids
should be submitted between 10.30 a.m. and 12.00 noon.
5. When Issued Trading
The Stock will be eligible for “When Issued” trading
in accordance with the guidelines issued by the Reserve
Bank of India.
6. Tenure
The Stock will be of twenty year tenure commencing
from September 21, 2007. The Stock will be repaid at par on
September 21, 2027.
7. Date of Issue and Payment for the Stock
The result of the auction shall be displayed by the
Reserve Bank of India at its Fort, Mumbai Office on
December 20, 2013. The payment by successful bidders
will be on December 23, 2013, i.e., the date of re-issue. The
payment for the Stock will include accrued interest on the
nominal value of the Stock allotted in the auction from the
date of last Coupon payment i.e., September 21, 2013 to
December 22, 2013.
¹Hkkx Iµ[k.M 1º
Hkkjr dk jkti=k % vlk/kj.k
7
8. Interest
Interest at the rate of 8.28 per cent per annum will
accrue on the nominal value of the Stock from the date of
last coupon payment and will be paid half yearly on
March 21 and September 21.
By Order of the President of India,
Dr. RAJAT BHARGAVA, Jt. Secy.
ANNEXURE
Scheme for Non-competitive Bidding Facility in the
Auctions of Government Securities
I. Scope : With a view to encouraging wider
participation and retail holding of Government securities it
is proposed to allow participation on “non-competitive”
basis in select auctions of dated Government of India (GoI)
securities. Accordingly, Non-competitive bids up to
5 per cent of the notified amount will be accepted in the
auctions of dated securities. The reserved amount will be
within the notified amount.
II. Eligibility : Participation on a non-competitive
basis in the auctions of dated GoI securities will be open
to investors who satisfy the following :
1. do not maintain Current Account (CA) or Subsidiary
General Ledger (SGL) account with the Reserve Bank
of India.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks shall be covered under this Scheme
in view of their statutory obligations.
2. make a single bid for an amount not more than
` two crore (face value) per auction.
3. submit their bid indirectly through any one bank or
PD offering this scheme.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks that maintain SGL account and
current account with the Reserve Bank of India shall
be eligible to submit their non-competitive bids directly.
III. Coverage : Subject to the conditions mentioned
above, participation on “non-competitive” basis is open
to any person including firms, companies, corporate bodies,
institutions, provident funds, trusts, and any other entity
as may be prescribed by RBI. The minimum amount for
bidding will be ` 10,000 (face value) and thereafter in
multiples in ` 10,000 as hitherto for dated stocks.
IV. Other Operational Guidelines :
1. The retail investor desirous of participating in the
auction under the Scheme would be required to
maintain a Constituent Subsidiary General Ledger
(CSGL) account with the bank or PD through whom
they wish to participate. Under the Scheme, an
investor can make only a single bid in an auction of
a dated security. An undertaking to the effect that
the investor is making only a single bid will have to
obtained and kept on record by the bank or PD.
2. Each bank or PD on the basis of firm orders received
from their constituents will submit a single
consolidated Non-competitive bid on behalf of all its
constituents in electronic format on the Reserve Bank
of India Core Banking Solution (E-Kuber) System.
Except in extraordinary circumstances such as
general failure of the Reserve Bank of India Core
Banking Solution (E-Kuber) System, Non-
competitive bid in physical form will not be accepted.
3. Allotment under the Non-competitive segment to the
bank or PD will be at the weighted average rate of
yield/price that will emerge in the auction on the basis
of the competitive bidding. The securities will be
issued to the bank or PD against payment on the
date of issue irrespective of whether the bank or PD
has received payment from their clients.
4. In case the aggregate amount of bid is more than the
reserved amount (5% of notified amount), pro rata
allotment would be made. In case of partial allotments,
it will be the responsibility of the bank or PD to
appropriately allocate securities to their clients in a
transparent manner.
5. In case the aggregate amount of bids is less than the
reserved amount, the shortfall will be taken to
competitive portion.
6. Security would be issued only in SGL form by RBI.
RBI would credit either the main SGL account or the
CSGL account of the bank or PD as indicated by
them. The facility for affording credit to the main
SGL account is for the sole purpose of servicing
investors who are not their constituents. Therefore,
the bank or PD would have to indicate clearly at the
time of tendering the Non-competitive bids the
amounts (face value) to be credited to their SGL
account and the CSGL account. Delivery in physical
form from the main SGL account is permissible at the
instance of the investor subsequently.
7. It will be the responsibility of the bank or the PD to
pass on the securities to their clients. Except in
extraordinary circumstances, the transfer of securities
to the clients shall be completed within five working
days from the date of issue.
8. The bank or PD can recover up to six paise per
` 100 as brokerage/commission/service charges for
rendering this service to their clients. Such costs
may be built into the sale price or recovered
separately from the clients. In case the transfer of
securities is effected subsequent to the issue date of
the security, the consideration amount payable by
the client to the bank or PD would also include
accrued interest from the date of issue.
8
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
9. Modalities for obtaining payment from clients towards
cost of the securities, accrued interest wherever
applicable and brokerage/commission/service
charges may be worked out by the bank or PD as per
agreement with the client. It may be noted that no
other costs such as funding costs should be built
into the price or recovered from the client.
V. Banks and PDs will be required to furnish
information relating to operations under the Scheme to the
Reserve Bank of India (Bank) as may be called for from
time to time within the time frame prescribed by the Bank.
VI. The aforesaid guidelines are subject to review
by the Bank and accordingly, if and when considered
necessary, the Scheme will be modified.
vf/lwpuk
ubZ fnYyh] 16 fnlEcj] 2013
^^9-20 çfr'kr ljdkjh LVkWd 2030** dh fcØh
(iqu£uxZe) ds fy, uhykeh
iQk- la- 4(2)Мw ,.M ,e@2013 (ii)-—Hkkjr ljdkj]
,rn~}kjk 2]000 djksM+ #i, (vafdr) dh dqy jkf'k osQ fy,
^^9-20 izfr'kr ljdkjh LVkWd] 2030** (ftls blesa blds ckn
^LVkWd* dgk x;k gS) dh fcØh (iqufuZxZe) vf/lwfpr djrh gS A
;g fcØh bl vfèklwpuk (ftls ^fof'k"V vf/lwpuk* dgk x;k gS)
esa mfYyf[kr 'krks± rFkk Hkkjr ljdkj }kjk tkjh lkekU; vf/lwpuk
iQk- la[;k 4(13)Мw ,.M ,e@2008] rkjh[k 8 vDrwcj]
2008 esa fu£n"V 'krks± ds v/hu dh tk,xh A
2- fuxZe dh fof/
bl LVkWd dh fcØh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;]
iQksVZ] eqEcbZ&400001 ds ekè;e ls rkjh[k 8 vDrwcj] 2008 dh
lkekU; vf/lwpuk iQk- la[;k 4(13)Мw ,.M ,e@2008 ds
iSjk 5-1 esa ;Fkk&fu/kZfjr rjhds ls leewY; uhykeh fof/ dk iz;ksx
djrs gq, ewY; vkèkkfjr uhykeh }kjk dh tk,xh A
3- vizfrLi/hZ cksyhnkrkvksa dks vkcaVu
ljdkjh izfrHkwfr;ksa dh uhykfe;ksa esa vizfrLi/hZ cksyh nsus
dh lqfo/k dh layXu Ldhe (vuqca/) ds vuqlkj] fcØh dh
vfèklwfpr jkf'k dk 5 izfr'kr rd ljdkjh LVkWd ik=k O;fDr;ksa
vkSj laLFkkvksa dks vkcafVr fd;k tk,xk A
4- uhykeh dk LFkku ,oa rkjh[k
;g uhykeh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;] iQksVZ]
eqEcbZ&400001 }kjk 20 fnlEcj] 2013 dks lapkfyr dh tk,xh A
uhykeh gsrq cksfy;ka Hkkjrh; fjtoZ cSad dksj cS¯dx lksY;w'ku (bZ&dqcsj)
iz.kkyh laca/h bysDVªkWfud izi=k esa 20 fnlEcj] 2013 dks izLrqr dh
tkuh pkfg,A vizfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls iwokZÉ 11-30
cts ds chp vkSj izfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls nksigj
12-00 cts ds chp izLrqr dh tkuh pkfg, A
5- dc fuxZfer dkjksckj
;g LVkWd] Hkkjrh; fjtoZ cSad }kjk tkjh fn'kkfunsZ'kksa ds
vuqlkj] ^dc fuxZfer* dkjksckj ds fy, ik=k gksxk A
6- vof/
;g LVkWd 30 flrEcj] 2013 ls izkjEHk gksdj 17 o"kZ dh
vof/ ds fy, gksxk A bl LVkWd dh pqdkSrh 30 flrEcj] 2030 dks
leewY; ij dh tk,xh A
7- fuxZe dh rkjh[k vkSj LVkWd ds fy, Hkqxrku
uhykeh dk ifj.kke Hkkjrh; fjtoZ cSad }kjk vius iQksVZ
fLFkr eqEcbZ dk;kZy; esa 20 fnlEcj] 2013 dks izn£'kr fd;k
tk,xk A liQy cksyhnkrkvksa }kjk Hkqxrku 23 fnlEcj] 2013 vFkkZr~
iqu£uxZe dh rkjh[k dks fd;k tk,xk A LVkWd ds fy, Hkqxrku esa
uhykeh esa vkcafVr LVkWd ds vafdr ewY; ij] ewy fuxZe dh
rkjh[k ls vFkkZr~ 30 flrEcj] 2013 ls 22 fnlEcj] 2013 rd]
izksn~Hkwr C;kt 'kkfey gksxk A
8- C;kt
ewy fuxZe dh rkjh[k ls LVkWd ds vafdr ewY; ij 9-20
izfr'kr izfro"kZ dh nj ls C;kt izksn~Hkwr gksxk rFkk bldk Hkqxrku
v¼Z&okf"kZd vk/kj ij 30 ekpZ vkSj 30 flrEcj dks fd;k tk,xk A
Hkkjr ds jk"Vªifr ds vkns'k ls]
MkW- jtr HkkxZo] la;qDr lfpo
vuqca/
ljdkjh izfrHkwfr;ksa dh uhykeh esa vizfrLi/hZ cksyh
lqfo/k Ldhe
I.
dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj
[kqnjk /kfjrk dks izksRlkgu nsus dh n`f"V ls Hkkjr ljdkj dh
fnukafdr izfrHkwfr;ksa dh p;fur uhykfe;ksa esa ¶vizfrLi/hZ¸ vk/kj
ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rnuqlkj]
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k
vf/lwfpr jkf'k ds vUrxZr gksxh A
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh
tks fuEufyf[kr 'krks± dks iwjk djrs gSa %
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok
lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa _
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
v/hu 'kkfey fd;k tk,xk A
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
jkf'k ds fy, ,d gh cksyh yxkrs gSa _
3- tks ;g Ldhe iznku djus okys fdlh ,d cSad vFkok
¹Hkkx Iµ[k.M 1º
Hkkjr dk jkti=k % vlk/kj.k
9
izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls
izLrqr djrs gSa A
viokn % ,sls {ks=kh; xzkeh.k cSad (vkjvkjch) rFkk lgdkjh
cSad tks Hkkjrh; fjtoZ cSad esa ,lth,y [kkrk vkSj pkyw
[kkrk j[krs gSa] viuh vizfrLi/hZ cksfy;ksa dks izR;{k :i ls
izLrqr djus ds fy, ik=k gksaxs A
III. O;kidrk % mi;qZDr 'krks± ds v/hu ¶vizfrLi/hZ¸ vk/kj ij
iQeks±] dEifu;ksa] fuxfer fudk;ksa] laLFkkvksa] Hkfo"; fuf/;ksa]
U;klksa vkSj Hkkjrh; fjtoZ cSad }kjk ;Fkk&fu/kZfjr fdlh vU;
dEiuh lfgr fdlh Hkh O;fDr ds fy, Hkkxhnkjh [kqyh gS A cksyh
nsus dh U;wure jkf'k 10]000 #i, (vafdr ewY;) vkSj mlds ckn
10]000 #i, ds xq.ktksa esa gksxh tSlk vc rd fnukafdr LVkWd ds
fy, gS A
IV. vU; izpkyukRed fn'kkfunsZ'k %
1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
ftuds ekè;e ls os Hkkx ysuk pkgrs gSa] ds ikl ,d la?kVd
lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
gksxk A dksbZ Hkh fuos'kd bl Ldhe ds v/hu fnukafdr
çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
2- vius xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd cSad
vFkok izkFkfed Mhyj Hkkjrh; fjtZo cSad dksj cSa¯dx lksY;w'ku
(bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa vius xzkgdksa
dh vksj ls ,d ,dy lesfdr vçfrLi/hZ cksyh çLrqr
djsxk A vlk/kj.k ifjfLFkfr;ksa] tSls Hkkjrh; fjtZoZ cSad dksj
cSa¯dx lksY;w'ku (bZ&dqcsj) ç.kkyh esa lkekU; xM+cM+h dks
NksM+dj] HkkSfrd :i esa vçfrLi/hZ cksyh Lohdkj ugha dh
tk,xh A
3- cSad vFkok izkFkfed Mhyj dks vizfrLi/hZ [kaM ds v/hu
vkcaVu izfrykHk@dher dh ml Hkkjkaf'kr vkSlr nj ij
gksxk] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
vk,xh A bl ckr ij è;ku fn, fcuk fd cSad vFkok
izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS
;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A
4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k (vfèklwfpr
jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr vkcaVu fd;k
tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g cSad vFkok
izkFkfed Mhyjksa dk nkf;Ro gksxk fd og vius xzkgdksa dks
izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ rjhds ls djsa A
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
dks izfrLi/hZ Hkkx 'kkfey esa fd;k tk,xk A
6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa
tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
lh,lth,y [kkrs esa tek djsxk] tSlkfd muds }kjk funsZ'k fn;k
x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks
vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y
[kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks
NksM+dj] xzkgdksa dks izfrHkwfr;ksa dk varj.k fuxZe dh frfFk
ls ikap dk;Z&fnolksa ds Hkhrj iwjk fd;k tk,xk A
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls
mifpr C;kt 'kkfey gksxk A
9- izfrHkwfr;ksa dh ykxr] mifpr C;kt tgka Hkh ykxw gks] rFkk
nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
olwy ugha fd;k tkuk pkfg, A
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad)
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r
lwpuk fu/kZfjr le;&lhek ds varxZr cSad dks izLrqr djuh gksxh A
VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gS
vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k
tk,xk A
NOTIFICATION
New Delhi, the 16th December, 2013
Auction for Sale (Re-issue) of ‘9.20 per cent
Government Stock, 2030’
F. No. 4(2)-W&M/2013 (ii).—Government of India
hereby notifies sale (re-issue) of ‘9.20 per cent Government
Stock, 2030’ (hereinafter called ‘the Stock’) for an
aggregate amount of ` 2,000 crore (nominal). The sale will
be subject to the terms and conditions spelt out in this
10
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
notification (called ‘Specific Notification’) as also the
terms and conditions specified in the General Notification
F. No. 4(13)-W&M/2008, dated October 8, 2008 issued by
Government of India.
2. Method of Issue
The Stock will be sold through Reserve Bank of
India, Mumbai Office, Fort, Mumbai-400001 in the manner
as prescribed in paragraph 5.1 of the General Notification
F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a price
based auction using uniform price auction method.
3. Allotment to Non-competitive Bidders
The Government Stock up to 5% of the notified
amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for Non-
competitive Bidding Facility in the Auctions of Government
Securities (Annex).
4. Place and date of Auction
The auction will be conducted by Reserve
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
December 20, 2013. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) System on December 20,
2013. The non-competitive bids should be submitted
between 10.30 a.m. and 11.30 a.m. and the competitive bids
should be submitted between 10.30 a.m. and 12.00 noon.
5. When Issued Trading
The Stock will be eligible for “When Issued” trading
in accordance with the guidelines issued by the Reserve
Bank of India.
6. Tenure
The Government Stock will be of Seventeen years
tenure commencing from September 30, 2013. The Stock
will be repaid at par on September 30, 2030.
7. Date of Issue and Payment for the Stock
The result of the auction shall be displayed by the
Reserve Bank of India at its Fort, Mumbai Office on
December 20, 2013. The payment by successful bidders
will be on December 23, 2013, i.e., the date of re-issue. The
payment for the Stock will include accrued interest on the
nominal value of the Stock allotted in the auction from the
date of original issue i.e., September 30, 2013 to December
22, 2013.
8. Interest
Interest at the rate of 9.20 per cent per annum will
accrue on the nominal value of the Stock from the date of
original issue and will be paid half-yearly on March 30 and
September 30.
By Order of the President of India,
Dr. RAJAT BHARGAVA, Jt. Secy.
ANNEXURE
Scheme for Non-competitive Bidding Facility in the
Auctions of Government Securities
I. Scope : With a view to encouraging wider
participation and retail holding of Government securities it
is proposed to allow participation on “non-competitive”
basis in select auctions of dated Government of India (GoI)
securities. Accordingly, Non-competitive bids up to 5 per
cent of the notified amount will be accepted in the auctions
of dated securities. The reserved amount will be within the
notified amount.
II. Eligibility : Participation on a non-competitive
basis in the auctions of dated GoI securities will be open
to investors who satisfy the following :
1. do not maintain Current Account (CA) or Subsidiary
General Ledger (SGL) account with the Reserve Bank
of India.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks shall be covered under this Scheme
in view of their statutory obligations.
2. make a single bid for an amount not more than
` two crore (face value) per auction.
3. submit their bid indirectly through any one bank or
PD offering this scheme.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks that maintain SGL account and
current account with the Reserve Bank of India shall
be eligible to submit their non-competitive bids
directly.
III. Coverage : Subject to the conditions mentioned
above, participation on “non-competitive” basis is open
to any person including firms, companies, corporate bodies,
institutions, provident funds, trusts, and any other entity
as may be prescribed by RBI. The minimum amount for
bidding will be ` 10,000 (face value) and thereafter in
multiples in ` 10,000 as hitherto for dated stocks.
IV. Other Operational Guidelines :
1. The retail investor desirous of participating in the
auction under the Scheme would be required to
maintain a Constituent Subsidiary General Ledger
(CSGL) account with the bank or PD through whom
they wish to participate. Under the Scheme, an
investor can make only a single bid in an auction of
a dated security. An undertaking to the effect that
the investor is making only a single bid will have to
obtained and kept on record by the bank or PD.
2. Each bank or PD on the basis of firm orders received
from their constituents will submit a single
consolidated non-competitive bid on behalf of all its
constituents in electronic format on the Reserve Bank
of India Core Banking Solution (E-Kuber) System.
Except in extraordinary circumstances such as
general failure of the Reserve Bank of India Core
¹Hkkx Iµ[k.M 1º
Hkkjr dk jkti=k % vlk/kj.k
11
Banking Solution (E-Kuber) System, Non-
competitive bid in physical form will not be accepted.
3. Allotment under the non-competitive segment to the
bank or PD will be at the weighted average rate of
yield/price that will emerge in the auction on the basis
of the competitive bidding. The securities will be
issued to the bank or PD against payment on the
date of issue irrespective of whether the bank or PD
has received payment from their clients.
4. In case the aggregate amount of bid is more than the
reserved amount (5% of notified amount), pro rata
allotment would be made. In case of partial allotments,
it will be the responsibility of the bank or PD to
appropriately allocate securities to their clients in a
transparent manner.
5. In case the aggregate amount of bids is less than the
reserved amount, the shortfall will be taken to
competitive portion.
6. Security would be issued only in SGL form by RBI.
RBI would credit either the main SGL account or the
CSGL account of the bank or PD as indicated by
them. The facility for affording credit to the main
SGL account is for the sole purpose of servicing
investors who are not their constituents. Therefore,
the bank or PD would have to indicate clearly at the
time of tendering the Non-competitive bids the
amounts (face value) to be credited to their SGL
account and the CSGL account. Delivery in physical
form from the main SGL account is permissible at the
instance of the investor subsequently.
7. It will be the responsibility of the bank or the PD to
pass on the securities to their clients. Except in
extraordinary circumstances, the transfer of securities
to the clients shall be completed within five working
days from the date of issue.
8. The bank or PD can recover up to six paise per
` 100 as brokerage/commission/service charges for
rendering this service to their clients. Such costs
may be built into the sale price or recovered
separately from the clients. In case the transfer of
securities is effected subsequent to the issue date of
the security, the consideration amount payable by
the client to the bank or PD would also include
accrued interest from the date of issue.
9. Modalities for obtaining payment from clients towards
cost of the securities, accrued interest wherever
applicable and brokerage/commission/service
charges may be worked out by the bank or PD as per
agreement with the client. It may be noted that no
other costs such as funding costs should be built
into the price or recovered from the client.
V. Banks and PDs will be required to furnish
information relating to operations under the Scheme to the
Reserve Bank of India (Bank) as may be called for from
time to time within the time frame prescribed by the Bank.
VI. The aforesaid guidelines are subject to review
by the Bank and accordingly, if and when considered
necessary, the Scheme will be modified.
vf/lwpuk
ubZ fnYyh] 16 fnlEcj] 2013
30 o"kZ ds u, ljdkjh LVkWd dh fcØh ds fy, uhykeh
iQk- la- 4(2)Мw ,.M ,e@2013 (iii)-—Hkkjr ljdkj]
,rn~}kjk 2]000 djksM+ #i, (vafdr) dh dqy jkf'k ds fy, 30 o"kZ
dh vof/ ds fy, ljdkjh LVkWd (izfrHkwfr) dh fcØh vfèklwfpr
djrh gSA ;g fcØh bl vf/lwpuk (ftls ^fof'k"V vf/lwpuk*
dgk x;k gS) esa mfYyf[kr 'krks± rFkk Hkkjr ljdkj }kjk tkjh
lkekU; vf/lwpuk iQk- la[;k 4(13)Мw ,.M ,e@2008]
rkjh[k 8 vDrwcj] 2008 esa fu£n"V 'krks± ds v/hu dh tk,xh A
2- fuxZe dh fof/
bl LVkWd dh fcØh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;]
iQksVZ] eqEcbZ&400001 ds ekè;e ls rkjh[k 8 vDrwcj] 2008 dh
lkekU; vf/lwpuk la[;k iQk- 4(13)Мw ,.M ,e@2008 ds
iSjk 5-1 esa ;Fkk&fu/kZfjr rjhds ls leewY; uhykeh fof/ dk iz;ksx
djrs gq, ewY; vkèkkfjr uhykeh }kjk dh tk,xh A
3- vizfrLi/hZ cksyhnkrkvksa dks vkcaVu
ljdkjh izfrHkwfr;ksa dh uhykfe;ksa esa vizfrLi/hZ cksyh nsus
dh lqfo/k dh layXu Ldhe (vuqca/) ds vuqlkj] fcØh dh
vfèklwfpr jkf'k ds 5 izfr'kr rd ljdkjh LVkWd ik=k O;fDr;ksa
vkSj laLFkkvksa dks vkcafVr fd;k tk,xk A
4- uhykeh dk LFkku ,oa rkjh[k
;g uhykeh Hkkjrh; fjtoZ cSad] eqEcbZ dk;kZy;] iQksVZ]
eqEcbZ&400001 }kjk 20 fnlEcj] 2013 dks lapkfyr dh tk,xh A
uhykeh gsrq cksfy;ka Hkkjrh; fjtoZ cSad dksj cSa¯dx lksY;w'ku (bZ&dqcsj)
iz.kkyh laca/h bysDVªkWfud izi=k esa 20 fnlEcj] 2013 dks izLrqr dh
tkuh pkfg,A vizfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls iwokZÉ 11-30
cts ds chp vkSj izfrLi/hZ cksfy;ka iwokZÉ 10-30 cts ls nksigj
12-00 cts ds chp izLrqr dh tkuh pkfg, A
5- dc fuxZfer dkjksckj
;g LVkWd] Hkkjrh; fjtoZ cSad }kjk tkjh fn'kkfunsZ'kksa ds
vuqlkj] ^dc fuxZfer* dkjksckj ds fy, ik=k gksxk A
6- vof/
;g LVkWd 23 fnlEcj] 2013 ls izkjEHk gksdj rhl o"kZ dh
vof/ ds fy, gksxk A bl LVkWd dh pqdkSrh 23 fnlEcj] 2043 dks
leewY; ij dh tk,xh A
7- fuxZe dh rkjh[k vkSj LVkWd ds fy, Hkqxrku
uhykeh dk ifj.kke Hkkjrh; fjtoZ cSad }kjk vius iQksVZ
12
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
fLFkr eqEcbZ dk;kZy; esa 20 fnlEcj] 2013 dks izn£'kr fd;k
tk,xk A liQy cksyhnkrkvksa }kjk Hkqxrku 23 fnlEcj] 2013 vFkkZr~
fuxZe dh rkjh[k dks fd;k tk,xk A
8- C;kt
izfrHkwfr;ksa ds fy, dwiu nj dk fu.kZ; uhykeh esa fu/kZfjr
ifjiDork nj dh dV&vkiQ ykHk ij fd;k tk,xk A C;kt dk
Hkqxrku v¼Z&ok£"kd vk/kj ij 23 twu vkSj 23 fnlEcj dks fd;k
tk,xk A
Hkkjr ds jk"Vªifr ds vkns'k ls]
MkW- jtr HkkxZo] la;qDr lfpo
vuqca/
ljdkjh izfrHkwfr;ksa dh uhykeh esa vizfrLi/hZ cksyh
lqfo/k Ldhe
I.
dk;Z{ks=k % ljdkjh izfrHkwfr;ksa dh O;kid Hkkxhnkjh vkSj
[kqnjk /kfjrk dks izksRlkgu nsus dh n`f"V ls Hkkjr ljdkj dh
fnukafdr izfrHkwfr;ksa dh p;fur uhykfe;ksa esa ¶vizfrLi/hZ¸ vk/kj
ij Hkkxhnkjh dh vuqefr nsus dk izLrko fd;k x;k gS A rn~uqlkj]
fnukafdr izfrHkwfr;ksa dh uhykfe;ksa esa vf/lwfpr jkf'k ds 5 izfr'kr
rd dh vizfrLi/hZ cksfy;ka Lohdkj dh tk,axh A izkjf{kr jkf'k
vf/lwfpr jkf'k ds vUrxZr gksxh A
II. ik=krk % Hkkjr ljdkj dh fnukafdr izfrHkwfr;ksa dh uhykfe;ksa
esa vizfrLi/hZ vk/kj ij ,sls fuos'kdksa ds fy, Hkkxhnkjh [kqyh gksxh
tks fuEufyf[kr 'krks± dks iwjk djrs gSa %
1- tks Hkkjrh; fjtoZ cSad ds ikl pkyw [kkrk (lh,) vFkok
lgk;d lkekU; cgh (,lth,y) [kkrk ugha j[krs gSa_
viokn % {ks=kh; xzkeh.k cSadksa (vkjvkjch) vkSj lgdkjh
cSadksa dks muds lkafof/d nkf;Roksa ds n`f"Vxr bl Ldhe ds
v/hu 'kkfey fd;k tk,xk A
2- tks izfr uhykeh nks djksM+ #i, (vafdr ewY;) ls vuf/d
jkf'k ds fy, ,d gh cksyh yxkrs gSa_
3- tks ;g Ldhe iznku djus okys fdlh ,d cSad vFkok
izkFkfed Mhyj ds ekè;e ls viuh cksyh vizR;{k :i ls
izLrqr djrs gSa A
viokn % ,sls {ks=kh; xzkeh.k cSad (vkjvkjch) rFkk lgdkjh
cSad tks Hkkjrh; fjtoZ cSad esa ,l-th-,y- [kkrk vkSj pkyw
[kkrk j[krs gSa] viuh vizfrLi/hZ cksfy;ksa dks izR;{k :i ls
izLrqr djus ds fy, ik=k gksaxs A
III. O;kidrk % mi;qZDr 'krks± ds v/hu ¶vizfrLi/hZ¸ vk/kj ij
iQeks±] dEifu;ksa] fuxfer fudk;ksa] laLFkkvksa] Hkfo"; fuf/;ksa]
U;klksa vkSj Hkkjrh; fjtoZ cSad }kjk ;Fkk&fu/kZfjr fdlh vU;
dEiuh lfgr fdlh Hkh O;fDr ds fy, Hkkxhnkjh [kqyh gS A cksyh
nsus dh U;wure jkf'k 10]000 #i, (vafdr ewY;) vkSj mlds ckn
10]000 #i, ds xq.ktksa esa gksxh tSlk vc rd fnukafdr LVkWd ds
fy, gS A
IV. vU; izpkyukRed fn'kkfunsZ'k %
1- [kqnjk fuos'kd ds fy, ml cSad vFkok izkFkfed Mhyj]
ftuds ekè;e ls os Hkkx ysuk pkgrs gSa] ds ikl ,d la?kVd
lgk;d lkekU; cgh (lh,lth,y) [kkrk j[kuk vfuok;Z
ugha gksxk A dksbZ Hkh fuos'kd bl Ldhe ds v/hu fnukafdr
çfrHkwfr dh fdlh uhykeh esa dsoy ,d cksyh esa Hkkx ys
ldrk gS A bl vk'k; dk opu fd fuos'kd dsoy ,d
cksyh ns jgk gS] cSad vFkok izkFkfed Mhyj }kjk izkIr fd;k
tkuk vkSj fjdkMZ esa j[kk tkuk gksxk A
2- vius xzkgdksa ls izkIr iDds vkMZj ds vk/kj ij izR;sd cSad
vFkok izkFkfed Mhyj Hkkjrh; fjtoZ cSad dksj cSa¯dx lksY;w'ku
(bZ&dqcsj) iz.kkyh laca/h bysDVªkWfud çi=k esa vius xzkgdksa
dh vksj ls ,d ,dy lesfdr vçfrLi/hZ cksyh çLrqr
djsxk A vlk/kj.k ifjfLFkfr;ksa] tSls Hkkjrh; fjtoZ cSad dksj
cSa¯dx lksY;w'ku (bZ&dqcsj) ç.kkyh esa lkekU; xM+cM+h dks
NksM+dj] HkkSfrd :i esa vçfrLi/hZ cksyh Lohdkj ugha dh
tk,xh A
3- cSad vFkok izkFkfed Mhyj dks vizfrLi/hZ [kaM ds v/hu
vkcaVu izfrykHk@dher dh ml Hkkjkaf'kr vkSlr nj ij
gksxk] tks izfrLi/hZ cksyh nsus ds vk/kj ij uhykeh esa lkeus
vk,xh A bl ckr ij è;ku fn, fcuk fd cSad vFkok
izkFkfed Mhyj us vius xzkgdksa ls Hkqxrku izkIr dj fy;k gS
;k ugha] fuxZe dh rkjh[k dks Hkqxrku izkIr djds cSad ;k
izkFkfed Mhyj dks izfrHkwfr;ka tkjh dh tk,axh A
4- ,sls ekeys esa] tgka cksyh dh jkf'k izkjf{kr jkf'k
(vf/lwfpr jkf'k ds 5 izfr'kr) ls vf/d gS ;Fkkuqikr
vkcaVu fd;k tk,xk A vkaf'kd vkcaVuksa ds ekeys esa] ;g
cSad vFkok izkFkfed Mhyjksa dk mÙkjnkf;Ro gksxk fd og
vius xzkgdksa dks izfrHkwfr;ksa dk mfpr vkcaVu ,d ikjn'khZ
rjhds ls djsa A
5- ,sls ekeys esa tgka cksyh jkf'k izkjf{kr jkf'k ls de gks] deh
dks izfrLi/hZ Hkkx esa 'kkfey fd;k tk,xk A
6- izfrHkwfr dks Hkkjrh; fjtoZ cSad }kjk dsoy ,lth,y :i esa
tkjh fd;k tk,xk A Hkkjrh; fjtoZ cSad bls ;k rks cSad
vFkok izkFkfed Mhyj ds eq[; ,lth,y [kkrs vFkok
lh,lth,y [kkrs esa tek djsxk] tSlkfd muds }kjk funsZ'k fn;k
x;k gS A eq[; ,lth,y [kkrs esa tek djus dh lqfo/k
,dek=k mu fuos'kdksa dh lsok ds iz;kstukFkZ gS tks muds
?kVd ugha gSa A vr% cSad vFkok izkFkfed Mhyjksa dks
vizfrLièkhZ cksfy;ksa dh fufonk nsrs le; muds ,lth,y
[kkrs vkSj lh,lth,y [kkrs esa tek gksus okyh jkf'k;ksa
(vafdr ewY;) dks Li"V :i ls n'kkZuk gksxk A ckn esa
fuos'kd ds vuqjks/ ij eq[; ,lth,y [kkrs ls okLrfod
:i esa dh xbZ lqiqnZxh Lohdk;Z gS A
¹Hkkx Iµ[k.M 1º
Hkkjr dk jkti=k % vlk/kj.k
13
7- ;g cSad vFkok izkFkfed Mhyj dk nkf;Ro gS fd og xzkgd
dks izfrHkwfr;ka gLrkarfjr djs A vlk/kj.k ifjfLFkfr;ksa dks
NksM+dj] xzkgdksa dks izfrHkwfr;ksa dk varj.k fuxZe dh frfFk
ls ikap dk;Z&fnolksa ds Hkhrj iwjk fd;k tk,xk A
8- cSad vFkok izkFkfed Mhyj vius xzkgdksa dks ;g lsok nsus ds
fy, Ng iSls izfr lkS #i, rd nykyh@deh'ku@lsok izHkkj
ds :i esa olwy dj ldrs gSa A ,slh dher fcØh ewY; esa
'kkfey dh tk ldrh gS ;k xzkgdksa ls vyx ls olwy dh tk
ldrh gS A ,sls ekeys esa tgka izfrHkwfr;ksa dk varj.k izfrHkwfr
dh fuxZe frfFk ds ckn izHkkoh gksrk gks] cSad ;k izkFkfed
Mhyj dks xzkgd }kjk ns; izfriQy jkf'k esa fuxZe frfFk ls
mifpr C;kt 'kkfey gksxk A
9- izfrHkwfr;ksa dh ykxr] mifpr C;kt tgka Hkh ykxw gks] rFkk
nykyh@deh'ku@lsok izHkkjksa ds fy, xzkgdksa ls Hkqxrku izkIr
djus dh dk;Z&iz.kkyh] cSad ;k izkFkfed Mhyj }kjk xzkgd
ds lkFk dh xbZ lgefr ds vuqlkj rS;kj dh tk,xh A ;g
mYys[kuh; gS fd fdlh vU; ykxr] tSls fuf/dj.k ykxr
dks ewY; esa 'kkfey ugha fd;k tkuk pkfg, ;k xzkgdksa ls
olwy ugha fd;k tkuk pkfg, A
V. cSadksa vkSj izkFkfed Mhyjksa dks Hkkjrh; fjtoZ cSad (cSad)
}kjk le;≤ ij ekaxh xbZ ;kstuk ds rgr lapkyuksa ls lacaf/r
lwpuk fu/kZfjr le;&lhek ds varxZr cSad dks izLrqr djuh gksxh A
VI. Åij mfYyf[kr fn'kkfunsZ'k cSad }kjk leh{kk ds v/hu gS
vkSj rn~uqlkj] tc Hkh vko';drk gksxh] ;kstuk dks la'kksf/r fd;k
tk,xk A
NOTIFICATION
New Delhi, the 16th December, 2013
Auction for Sale of a New Government Stock of 30
Years
F. No. 4(2)-W & M/2013(iii).—Government of India
hereby notifies sale of a New Government Stock
(Securities) of 30 Year tenure for an aggregate amount of
` 2,000 crore (nominal). The sale will be subject to the
terms and conditions spelt out in this notification (called
‘Specific Notification’) as also the terms and conditions
specified in the General Notification F. No. 4 (13)-W &
M/2008, dated October 8, 2008 issued by Government of
India.
2. Method of Issue
The Stock will be sold through Reserve Bank of India,
Mumbai Office, Fort, Mumbai-400 001 in the manner as
prescribed in paragraph 5.1 of the General Notification
F. No. 4 (13)-W & M/2008, dated October 8, 2008 by a yield
based auction using uniform price auction method.
3. Allotment to Non-competitive Bidders
The Government Stock up to 5% of the notified
amount of the sale will be allotted to eligible individuals
and institutions as per the enclosed Scheme for Non-
competitive Bidding Facility in the Auctions of Government
Securities (Annex).
4. Place and Date of Auction
The auction will be conducted by Reserve
Bank of India, Mumbai Office, Fort, Mumbai-400 001 on
December 20, 2013. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India
Core Banking Solution (E-Kuber) System on December 20,
2013. The non-competitive bids should be submitted
between 10.30 a.m. and 11.30 a.m. and the competitive bids
should be submitted between 10.30 a.m. and 12.00 noon.
5. When Issued Trading
The Stock will be eligible for “When Issued” trading
in accordance with the guidelines issued by the Reserve
Bank of India.
6. Tenure
The Stock will be of thirty-year tenure. The tenure
of the stock will commence from December 23, 2013. The
Stock will be repaid at par on December 23, 2043.
7. Date of Issue and Payment for the Stock
The result of the auction shall be displayed by the
Reserve Bank of India at its Fort, Mumbai Office on
December 20, 2013. The payment by successful bidders
will be on December 23, 2013, i.e., the date of issue.
8. Interest
The coupon rate for the securities will be set at the
cut-off yield to maturity rate decided in the auction. The
interest will be payable half yearly on June 23 and
December 23.
By Order of the President of India,
Dr. RAJAT BHARGAVA, Jt. Secy.
ANNEX URE
Scheme for Non-competitive Bidding Facility in the
Auctions of Government Securities
I. Scope : With a view to encouraging wider
participation and retail holding of Government securities it
is proposed to allow participation on “non-competitive”
basis in select auctions of dated Government of India (GoI)
securities. Accordingly, non-competitive bids up to
5 per cent of the notified amount will be accepted in the
auctions of dated securities. The reserved amount will be
within the notified amount.
II. Eligibility : Participation on a non-competitive
basis in the auctions of dated GoI securities will be open
to investors who satisfy the following :
1. do not maintain Current Account (CA) or Subsidiary
General Ledger (SGL) account with the Reserve Bank
of India.
14
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART I—SEC. 1]
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks shall be covered under this Scheme
in view of their statutory obligations.
2. make a single bid for an amount not more than
` two crore (face value) per auction.
3. submit their bid indirectly through any one bank or
PD offering this scheme.
Exceptions : Regional Rural Banks (RRBs) and Co-
operative Banks that maintain SGL account and
current account with the Reserve Bank of India shall
be eligible to submit their non-competitive bids directly.
III. Coverage : Subject to the conditions mentioned
above, participation on “non-competitive” basis is open
to any person including firms, companies, corporate bodies,
institutions, provident funds, trusts, and any other entity
as may be prescribed by RBI. The minimum amount for
bidding will be ` 10,000 (face value) and thereafter in
multiples in ` 10,000 as hitherto for dated stocks.
IV. Other Operational Guidelines :
1. The retail investor desirous of participating in the
auction under the Scheme would be required to
maintain a Constituent Subsidiary General Ledger
(CSGL) account with the bank or PD through whom
they wish to participate. Under the Scheme, an
investor can make only a single bid in an auction of
a dated security. An undertaking to the effect that
the investor is making only a single bid will have to
obtained and kept on record by the bank or PD.
2. Each bank or PD on the basis of firm orders received
from their constituents will submit a single
consolidated non-competitive bid on behalf of all its
constituents in electronic format on the Reserve Bank
of India Core Banking Solution (E-Kuber) System.
Except in extraordinary circumstances such as
general failure of the Reserve Bank of India Core
Banking Solution (E-Kuber) System, non-competitive
bid in physical form will not be accepted.
3. Allotment under the non-competitive segment to the
bank or PD will be at the weighted average rate of
yield/price that will emerge in the auction on the basis
of the competitive bidding. The securities will be
issued to the bank or PD against payment on the
date of issue irrespective of whether the bank or PD
has received payment from their clients.
4. In case the aggregate amount of bid is more than the
reserved amount (5% of notified amount), pro rata
allotment would be made. In case of partial allotments,
it will be the responsibility of the bank or PD to
appropriately allocate securities to their clients in a
transparent manner.
5. In case the aggregate amount of bids is less than the
reserved amount, the shortfall will be taken to
competitive portion.
6. Security would be issued only in SGL form by RBI.
RBI would credit either the main SGL account or the
CSGL account of the bank or PD as indicated by
them. The facility for affording credit to the main
SGL account is for the sole purpose of servicing
investors who are not their constituents. Therefore,
the bank or PD would have to indicate clearly at the
time of tendering the non-competitive bids the
amounts (face value) to be credited to their SGL
account and the CSGL account. Delivery in physical
form from the main SGL account is permissible at the
instance of the investor subsequently.
7. It will be the responsibility of the bank or the PD to
pass on the securities to their clients. Except in
extraordinary circumstances, the transfer of securities
to the clients shall be completed within five working
days from the date of issue.
8. The bank or PD can recover upto six paise per
` 100 as brokerage/commission/service charges for
rendering this service to their clients. Such costs
may be built into the sale price or recovered
separately from the clients. In case the transfer of
securities is effected subsequent to the issue date of
the security, the consideration amount payable by
the client to the bank or PD would also include
accrued interest from the date of issue.
9. Modalities for obtaining payment from clients towards
cost of the securities, accrued interest wherever
applicable and brokerage/commission/service
charges may be worked out by the bank or PD as per
agreement with the client. It may be noted that no
other costs such as funding costs should be built
into the price or recovered from the client.
V. Banks and PDs will be required to furnish
information relating to operations under the Scheme to the
Reserve Bank of India (Bank) as may be called for from
time to time within the time frame prescribed by the Bank.
VI. The aforesaid guidelines are subject to review
by the Bank and accordingly, if and when considered
necessary, the Scheme will be modified.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.