385 GI/2017

(1)

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REGD. NO. D. L.-33004/99

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EXTRAORDINARY

Hkkx I—[k.M 1

PART I—Section 1

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PUBLISHED BY AUTHORITY

la- 22]

ubZ fnYyh] lkseokj] tuojh 23] 2017@ ek?k 3] 1938

No. 22]

NEW DELHI, MONDAY, JANUARY 23, 2017/MAGHA 3, 1938

िवᱫ मंᮢालय

(आᳶथक कायᭅ िवभाग)

(बजट ᮧभाग)

अिधसूचना

नई ᳰद᭨ली, 23 जनवरी, 2017

''6.84 ᮧितशत सरकारी ᭭टॉक 2022'' कᳱ िबᮓᳱ (पुनᳶनगᭅम) के िलए नीलामी

फा. सं᭎या4(3)-ड᭣ ᭨ यूएंडएम/2016.—भारत सरकार एतद᳇ारा 2,000 करोड़ ᱧपए (अंᳰकत) कᳱ कुल रािश के िलए

''6.84 ᮧितशत सरकारी ᭭टॉक, 2022'' (िजसे इसमᱶ इसके बाद ‘᭭ टॉक’ कहा गया है) कᳱ िबᮓᳱ (पुनᳶनगᭅम) अिधसूिचत करती

है। यह िबᮓᳱ इस अिधसूचना (िजसे 'िविश᭬ ट अिधसूचना’ कहा गया है') मᱶ उि᭨लिखत शतᲄ तथा भारत सरकार ᳇ारा जारी

सामा᭠य अिधसूचना एफ.सं᭎या 4(13)-ड᭣᭨यू ए᭛ड एम/2008, तारीख 8 अᲦूबर 2008 मᱶ िन᳸द᳥ शतᲄ के अधीन कᳱ

जाएगी।

िनगᭅम कᳱ िविध

2. इस ᭭टॉक कᳱ िबᮓᳱ भारतीय ᳯरजवᭅ बᱹक, मुंबई कायाᭅलय, फोटᭅ, मुंबई-400001 के मा᭟यम से तारीख 8 अᲦूबर, 2008

कᳱ सामा᭠य अिधसूचना एफ.सं᭎या4(13)-ड᭣᭨यू एंड एम/2008 के पैरा 5.1 मᱶ यथा िनधाᭅᳯरत तरीके से िविवध मू᭨य नीलामी

िविध का ᮧयोग करते ᱟए मू᭨य आधाᳯरत नीलामी ᳇ारा कᳱ जाएगी।

अᮧित᭭पधᱮ बोलीदाताᲐ को आबंटन

3. सरकारी ᮧितभूितयᲂ कᳱ नीलािमयᲂ मᱶ अᮧित᭭पधᱮ बोली देने कᳱ सुिवधा कᳱ संलᲨ ᭭कᳱम (अनुबंध) के अनुसार, िबᮓᳱ कᳱ

अिधसूिचत रािश का 5 ᮧितशत तक सरकारी ᭭टॉक पाᮢ ᭪ यिᲦयᲂ और सं᭭थाᲐ को आबंᳯटत ᳰकया जाएगा ।

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

नीलामी का ᭭थान एवं तारीख

4. यह नीलामी भारतीय ᳯरजवᭅ बᱹक, मुंबई कायाᭅलय, फोटᭅ, मुंबई-400001 ᳇ारा 27 जनवरी, 2017 को संचािलत कᳱ

जाएगी। नीलामी हेतु बोिलयां भारतीय ᳯरजवᭅ बᱹक कोर बᱹ᳴कग सो᭨यूशन (ई-कुबेर) ᮧणाली संबंधी इले᭍ᮝॉिनक ᮧपᮢ मᱶ

27 जनवरी, 2017 को ᮧ᭭तुत कᳱ जानी चािहए। अᮧित᭭पधᱮ बोिलयां पूवाᭅ᭮न 10.30 बजे से पूवाᭅ᭮न 11.30 बजे के बीच

और ᮧित᭭पधᱮ बोिलयां पूवाᭅ᭮न 10.30 बजे से दोपहर 12.00 बजे के बीच ᮧ᭭तुत कᳱ जानी चािहए।

कब िनगᭅिमत कारोबार

5. यह ᭭टॉक, भारतीय ᳯरजवᭅ बᱹक ᳇ारा जारी ᳰदशािनदᱷशᲂ के अनुसार, 'कब िनगᭅिमत’ कारोबार के िलए पाᮢ होगा।

अविध

6. यह सरकारी ᭭टॉक 12 िसत᭥ बर, 2016 से ᮧार᭥भ होकर 6 वषᭅ, 3 माह और 7 ᳰदन के िलए होगा। इस ᭭टॉक कᳱ चुकौती

19 ᳰदस᭥ बर, 2022 को सममू᭨य पर कᳱ जाएगी।

िनगᭅम कᳱ तारीख और ᭭टॉक के िलए भुगतान

7. नीलामी का पᳯरणाम भारतीय ᳯरजवᭅ बᱹक ᳇ारा अपने फोटᭅ ि᭭थत मुंबई कायाᭅलय मᱶ 27 जनवरी, 2017 को ᮧदᳶशत

ᳰकया जाएगा। सफल बोलीदाताᲐ ᳇ारा भुगतान 30 जनवरी, 2017 अथाᭅत् पुनᳶनगᭅम कᳱ तारीख को ᳰकया जाएगा। ᭭टॉक के

िलए भुगतान मᱶ नीलामी मᱶ आबंᳯटत ᭭टाक के अंᳰकत मू᭨य पर, अंितम कूपन भुगतान कᳱ से अथाᭅत् 19 ᳰदस᭥ बर, 2016 से

29 जनवरी, 2017 तक, ᮧो᭞भूत ᭣याज शािमल होगा।

᭣याज

8. अंितम कूपन भुगतान कᳱ तारीख से ᭭टॉक के अंᳰकत मू᭨य पर 6.84 ᮧितशत ᮧितवषᭅ कᳱ दर से ᭣याज ᮧो᭞भूत होगा तथा

इसका भुगतान अ᳍ᭅ-वाᳶषक आधार पर 19 जून और 19 ᳰदस᭥ बर को ᳰकया जाएगा।

भारत के रा᳦पित के आदेश से,

ᮧशांत गोयल, संयुᲦ सिचव

अनुबंध

सरकारी ᮧितभूितयᲂ कᳱ नीलामी मᱶ अᮧित᭭पधᱮ बोली सुिवधा ᭭कᳱम

I. कायᭅᭃेᮢ: सरकारी ᮧितभूितयᲂ कᳱ ᳞ापक भागीदारी और खुदरा धाᳯरता को ᮧो᭜साहन देने कᳱ दृि᳥ से भारत सरकार कᳱ

ᳰदनांᳰकत ᮧितभूितयᲂ कᳱ चयिनत नीलािमयᲂ मᱶ "अᮧित᭭पधᱮ" आधार पर भागीदारी कᳱ अनुमित देने का ᮧ᭭ताव ᳰकया गया

है। त᭞नुसार, ᳰदनांᳰकत ᮧितभूितयᲂ कᳱ नीलािमयᲂ मᱶ अिधसूिचत रािश के 5 ᮧितशत तक कᳱ अᮧित᭭पधᱮ बोिलयां ᭭वीकार

कᳱ जाएंगी। ᮧारिᭃत रािश अिधसूिचत रािश के अ᭠तगᭅत होगी।

II. पाᮢता : भारत सरकार कᳱ ᳰदनांᳰकत ᮧितभूितयᲂ कᳱ नीलािमयᲂ मᱶ अᮧित᭭पधᱮ आधार पर ऐसे िनवेशकᲂ के िलए

भागीदारी खुली होगी जो िन᳜िलिखत शतᲄ को पूरा करते हᱹ:

जो भारतीय ᳯरजवᭅ बᱹक के पास चालू खाता (सीए) अथवा सहायक सामा᭠य बही (एसजीएल) खाता नहᱭ रखते हᱹ;

अपवाद: ᭃेᮢीय ᮕामीण बᱹकᲂ (आरआरबी) और सहकारी बᱹकᲂ को उनके सांिविधक दािय᭜वᲂ के दृि᳥गत इस ᭭कᳱम के अधीन

शािमल ᳰकया जाएगा।

जो ᮧित नीलामी दो करोड़ ᱧपए (अंᳰकत मू᭨य) से अनिधक रािश के िलए एक ही बोली लगाते हᱹ;

3. जो यह ᭭कᳱम ᮧदान करने वाले ᳰकसी एक बᱹक अथवा ᮧाथिमक डीलर के मा᭟यम से अपनी बोली अᮧ᭜यᭃ ᱨप से ᮧ᭭तुत

करते हᱹ।

¹Hkkx Iµ[k.M 1º

Hkkjr dk jkti=k % vlk/kj.k

अपवाद: ऐसे ᭃेᮢीय ᮕामीण बᱹक (आरआरबी) तथा सहकारी बᱹक जो भारतीय ᳯरजवᭅ बᱹक मᱶ एस.जी.एल.खाता और चालू

खाता रखते हᱹ, अपनी अᮧित᭭पधᱮ बोिलयᲂ को ᮧ᭜यᭃ ᱨप से ᮧ᭭तुत करने के िलए पाᮢ हᲂगे।

III. ᳞ापकता: उपयुᭅᲦ शतᲄ के अधीन "अᮧित᭭पधᱮ" आधार पर फमᲄ, कंपिनयᲂ, िनगिमत िनकायᲂ, सं᭭थाᲐ, भिव᭬ य

िनिधयᲂ, ᭠यासᲂ और भारतीय ᳯरजवᭅ बᱹक ᳇ारा यथा-िनधाᭅᳯरत ᳰकसी अ᭠य कंपनी सिहत ᳰकसी भी ᳞िᲦ के िलए भागीदारी

खुली है। बोली देने कᳱ ᭠यूनतम रािश 10,000 ᱧपए (अंᳰकत मू᭨य) और उसके बाद 10,000 ᱧपए के गुणजᲂ मᱶ होगी जैसा

अब तक ᳰदनांᳰकत ᭭टॉक के िलए है।

IV. अ᭠य ᮧचालना᭜मक ᳰदशािनदᱷश:

खुदरा िनवेशक के िलए उस बᱹक अथवा ᮧाथिमक डीलर, िजनके मा᭟यम से वे भाग लेना चाहते हᱹ, के पास एक संघटक

सहायक सामा᭠य बही (सीएसजीएल) खाता रखना अिनवायᭅ होगा। कोई भी िनवेशक इस ᭭कᳱम के अधीन ᳰदनांᳰकत ᮧितभूित

कᳱ ᳰकसी नीलामी मᱶ केवल एक बोली मᱶ भाग ले सकता है। इस आशय का वचन ᳰक िनवेशक केवल एक बोली दे रहा है, बᱹक

अथवा ᮧाथिमक डीलर ᳇ारा ᮧा᳙ ᳰकया जाना और ᳯरकाडᭅ मᱶ रखा जाना होगा।

अपने ᮕाहकᲂ से ᮧा᳙ पᲥे आडᭅर के आधार पर ᮧ᭜येक बᱹक अथवा ᮧाथिमक डीलर भारतीय ᳯरजवᭅ बᱹक कोर बᱹ᳴कग

सो᭨यूशन (ई-कुबेर) ᮧणाली संबंधी इले᭍ᮝॉिनक ᮧपᮢ मᱶ अपने ᮕाहकᲂ कᳱ ओर से एक एकल समेᳰकत अᮧित᭭पधᱮ बोली ᮧ᭭तुत

करेगा। असाधारण पᳯरि᭭थितयᲂ, जैसे भारतीय ᳯरजवᭅ बᱹक कोर बᱹ᳴कग सो᭨यूशन (ई-कुबेर) ᮧणाली मᱶ सामा᭠य गड़बड़ी को

छोड़कर, भौितक ᱨप मᱶ अᮧित᭭पधᱮ बोली ᭭वीकार नहᱭ कᳱ जाएगी।

बᱹक अथवा ᮧाथिमक डीलर को अᮧित᭭पधᱮ खंड के अधीन आबंटन ᮧितलाभ/कᳱमत कᳱ उस भारांिशत औसत दर पर

होगा, जो ᮧित᭭पधᱮ बोली देने के आधार पर नीलामी मᱶ सामने आएगी। इस बात पर ᭟यान ᳰदए िबना ᳰक बᱹक अथवा

ᮧाथिमक डीलर ने अपने ᮕाहकᲂ से भुगतान ᮧा᳙ कर िलया है या नहᱭ, िनगᭅम कᳱ तारीख को भुगतान ᮧा᳙ करके बᱹक या

ᮧाथिमक डीलर को ᮧितभूितयां जारी कᳱ जाएंगी।

ऐसे मामले मᱶ, जहां बोली कᳱ रािश ᮧारिᭃत रािश (अिधसूिचत रािश के 5 ᮧितशत) से अिधक है यथानुपात आबंटन

ᳰकया जाएगा। आंिशक आबंटनᲂ के मामले मᱶ, यह बᱹक अथवा ᮧाथिमक डीलरᲂ का दािय᭜व होगा ᳰक वह अपने ᮕाहकᲂ को

ᮧितभूितयᲂ का उिचत आबंटन एक पारदशᱮ तरीके से करᱶ।

ऐसे मामले मᱶ जहां बोली रािश ᮧारिᭃत रािश से कम हो, कमी को ᮧित᭭पधᱮ भाग मᱶ शािमल ᳰकया जाएगा।

ᮧितभूित को भारतीय ᳯरजवᭅ बᱹक ᳇ारा केवल एसजीएल ᱨप मᱶ जारी ᳰकया जाएगा। भारतीय ᳯरजवᭅ बᱹक इसे या तो बᱹक

अथवा ᮧाथिमक डीलर के मु᭎य एसजीएल खाते अथवा सीएसजीएल खाते मᱶ जमा करेगा,जैसाᳰक उनके ᳇ारा िनदᱷश ᳰदया

गया है। मु᭎य एसजीएल खाते मᱶ जमा करने कᳱ सुिवधा एकमाᮢ उन िनवेशकᲂ कᳱ सेवा के ᮧयोजनाथᭅ है जो उनके घटक नहᱭ

हᱹ। अतः बᱹक अथवा ᮧाथिमक डीलरᲂ को अᮧित᭭पधᱮ बोिलयᲂ कᳱ िनिवदा देते समय उनके एसजीएल खाते और सीएसजीएल

खाते मᱶ जमा होने वाली रािशयᲂ (अंᳰकत मू᭨य) को ᭭प᭬ ट ᱨप से दशाᭅना होगा। बाद मᱶ िनवेशक के अनुरोध पर मु᭎य

एसजीएल खाते से वा᭭तिवक ᱨप मᱶ कᳱ गई सुपुदᭅगी ᭭वीकायᭅ है।

यह बᱹक अथवा ᮧाथिमक डीलर का दािय᭜व है ᳰक वह ᮕाहक को ᮧितभूितयां ह᭭तांतᳯरत करे। असाधारण पᳯरि᭭थितयᲂ

को छोड़कर, ᮕाहकᲂ को ᮧितभूितयᲂ का अंतरण िनगᭅम कᳱ ितिथ से पांच कायᭅ ᳰदवसᲂ के भीतर पूरा ᳰकया जाएगा।

बᱹक अथवा ᮧाथिमक डीलर अपने ᮕाहकᲂ को यह सेवा देने के िलए छह पैसे ᮧित सौ ᱧपए तक दलाली/कमीशन/सेवा

ᮧभार के ᱨप मᱶ वसूल कर सकते हᱹ। ऐसी कᳱमत िबᮓᳱ मू᭨य मᱶ शािमल कᳱ जा सकती है या ᮕाहकᲂ से अलग से वसूल कᳱ जा

सकती है। ऐसे मामले मᱶ जहां ᮧितभूितयᲂ का अंतरण ᮧितभूित कᳱ िनगᭅम ितिथ के बाद ᮧभावी होता हो, बᱹक या ᮧाथिमक

डीलर को ᮕाहक ᳇ारा देय ᮧितफल रािश मᱶ िनगᭅम ितिथ से उपिचत ᭣याज शािमल होगा।

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

ᮧितभूितयᲂ कᳱ लागत, उपिचत ᭣याज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा ᮧभारᲂ के िलए ᮕाहकᲂ से भुगतान

ᮧा᳙ करने कᳱ कायᭅ-ᮧणाली,बᱹक या ᮧाथिमक डीलर ᳇ारा ᮕाहक के साथ कᳱ गई सहमित के अनुसार तैयार कᳱ जाएगी। यह

उ᭨लेखनीय है ᳰक ᳰकसी अ᭠य लागत, जैसे िनिधकरण लागत को मू᭨य मᱶ शािमल नहᱭ ᳰकया जाना चािहए या ᮕाहकᲂ से वसूल

नहᱭ ᳰकया जाना चािहए।

V. बᱹकᲂ और ᮧाथिमक डीलरᲂ को भारतीय ᳯरजवᭅ बᱹक (बᱹक) ᳇ारा समय-समय पर मांगी गई योजना के तहत संचालनᲂ से

संबंिधत सूचना िनधाᭅᳯरत समय सीमा के अंतगᭅत बᱹक को ᮧ᭭तुत करनी होगी।

VI. ऊपर उि᭨लिखत ᳰदशािनदᱷश बᱹक ᳇ारा समीᭃा के अधीन है और त᭞नुसार, जब भी आव᭫यकता होगी, योजना को

संशोिधत ᳰकया जाएगा।

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MINISTRY OF FINANCE

(Department of Economic Affairs)

(Budget Division)

NOTIFICATION

New Delhi, the 23rd January, 2017

Auction for Sale (Re-issue ) of ‘6.84 per cent Government Stock, 2022’

F. No.4(3)-W&M/2016.—Government of India hereby notifies sale (re-issue) of ‘6.84 per cent Government

Stock, 2022’ (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 notification (called ‘Specific Notification’) as also the terms and conditions

specified in the General Notification F.No.4(13)–W&M/2008, dated October 08, 2008 issued by Government of India.

Method of Issue

2. 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 multiple price auction method.

Allotment to Non-competitive Bidders

3. 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).

Place and date of auction

4. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 on January 27,

2017. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution

(E-Kuber) system on January 27, 2017. 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.

When Issued Trading

5. The Stock will be eligible for “When Issued” trading in accordance with the guidelines issued by the Reserve Bank of

India.

Tenure

6. The Government Stock will be of ‘6 years, 3 months and 7 days’ tenure commencing from September 12, 2016.

The Stock will be repaid at par on December 19, 2022.

Date of issue and payment for the stock

7. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on January 27,

2017. The payment by successful bidders will be on January 30, 2017 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 19, 2016 to January 29, 2017.

Interest

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8. Interest at the rate of 6.84 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 19 and December 19.

By Order of the President of India,

Prashant Goyal, 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 percent 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:

do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with the Reserve Bank

of India. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks shall be covered under this Scheme in view

of their statutory obligations.

make a single bid for an amount not more than ` two crore (face value) per auction

submit their bid indirectly through any one bank or PD offering this scheme.

Exceptions: Regional Rural Banks (RRBs) and Cooperative 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:

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.

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.

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.

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.

In case the aggregate amount of bids is less than the reserved amount, the shortfall will be taken to competitive

portion.

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

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

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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अिधसूचना

नई ᳰद᭨ली, 23 जनवरी, 2017

''6.97 ᮧितशत सरकारी ᭭टॉक 2026'' कᳱ िबᮓᳱ (पुनᳶनगᭅम) के िलए नीलामी

फा. सं᭎या4(3)-ड᭣ ᭨ यूएंडएम/2016(i).—भारत सरकार एतद᳇ारा 5,000 करोड़ ᱧपए (अंᳰकत) कᳱ कुल रािश के

िलए ''6.97 ᮧितशत सरकारी ᭭टॉक, 2026'' (िजसे इसमᱶ इसके बाद ‘᭭ टॉक’ कहा गया है) कᳱ िबᮓᳱ (पुनᳶनगᭅम) अिधसूिचत

करती है। यह िबᮓᳱ इस अिधसूचना (िजसे 'िविश᭬ ट अिधसूचना’ कहा गया है') मᱶ उि᭨लिखत शतᲄ तथा भारत सरकार ᳇ारा

जारी सामा᭠य अिधसूचना एफ.सं᭎या 4(13)-ड᭣᭨यू ए᭛ड एम/2008, तारीख 8 अᲦूबर 2008 मᱶ िन᳸द᳥ शतᲄ के अधीन कᳱ

जाएगी।

िनगᭅम कᳱ िविध

िविध का ᮧयोग करते ᱟए मू᭨य आधाᳯरत नीलामी ᳇ारा कᳱ जाएगी।

अᮧित᭭पधᱮ बोलीदाताᲐ को आबंटन

नीलामी का ᭭थान एवं तारीख

और ᮧित᭭पधᱮ बोिलयां पूवाᭅ᭮न 10.30 बजे से दोपहर 12.00 बजे के बीच ᮧ᭭तुत कᳱ जानी चािहए।

कब िनगᭅिमत कारोबार

अविध

6. यह सरकारी ᭭टॉक 6 िसत᭥ बर, 2016 से ᮧार᭥भ होकर ‘10 वषᭅ’ के िलए होगा। इस ᭭टॉक कᳱ चुकौती 6 िसत᭥ बर, 2026

को सममू᭨य पर कᳱ जाएगी।

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िनगᭅम कᳱ तारीख और ᭭टॉक के िलए भुगतान

7. नीलामी का पᳯरणाम भारतीय ᳯरजवᭅ बᱹक ᳇ारा अपने फोटᭅ ि᭭थत मुंबई कायाᭅलय मᱶ 27 जनवरी, 2017 को ᮧदᳶशत ᳰकया

जाएगा। सफल बोलीदाताᲐ ᳇ारा भुगतान 30 जनवरी, 2017 अथाᭅत् पुनᳶनगᭅम कᳱ तारीख को ᳰकया जाएगा। ᭭टॉक के िलए

भुगतान मᱶ नीलामी मᱶ आबंᳯटत ᭭टाक के अंᳰकत मू᭨य पर मूलᳶनगᭅम कᳱ तारीख से अथाᭅत् 6 िसत᭥ बर, 2016 से

29 जनवरी, 2017 तक, ᮧो᭞भूत ᭣याज शािमल होगा।

᭣याज

8 मूलᳶनगᭅम कᳱ तारीख से ᭭टॉक के अंᳰकत मू᭨य पर 6.97 ᮧितशत ᮧितवषᭅ कᳱ दर से ᭣याज ᮧो᭞भूत होगा तथा इसका

भुगतान अ᳍ᭅ-वाᳶषक आधार पर 6 माचᭅ और 6 िसत᭥ बर को ᳰकया जाएगा।

भारत के रा᳦पित के आदेश से,

ᮧशांत गोयल, संयुᲦ सिचव

अनुबंध

सरकारी ᮧितभूितयᲂ कᳱ नीलामी मᱶ अᮧित᭭पधᱮ बोली सुिवधा ᭭कᳱम

कᳱ जाएंगी। ᮧारिᭃत रािश अिधसूिचत रािश के अ᭠तगᭅत होगी।

II. पाᮢता: भारत सरकार कᳱ ᳰदनांᳰकत ᮧितभूितयᲂ कᳱ नीलािमयᲂ मᱶ अᮧित᭭पधᱮ आधार पर ऐसे िनवेशकᲂ के िलए

भागीदारी खुली होगी जो िन᳜िलिखत शतᲄ को पूरा करते हᱹ:

शािमल ᳰकया जाएगा।

करते हᱹ।

खाता रखते हᱹ, अपनी अᮧित᭭पधᱮ बोिलयᲂ को ᮧ᭜यᭃ ᱨप से ᮧ᭭तुत करने के िलए पाᮢ हᲂगे।

अब तक ᳰदनांᳰकत ᭭टॉक के िलए है।

IV. अ᭠य ᮧचालना᭜मक ᳰदशािनदᱷश:

1. खुदरा िनवेशक के िलए उस बᱹक अथवा ᮧाथिमक डीलर, िजनके मा᭟यम से वे भाग लेना चाहते हᱹ, के पास एक संघटक

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

अथवा ᮧाथिमक डीलर ᳇ारा ᮧा᳙ ᳰकया जाना और ᳯरकाडᭅ मᱶ रखा जाना होगा।

2. अपने ᮕाहकᲂ से ᮧा᳙ पᲥे आडᭅर के आधार पर ᮧ᭜येक बᱹक अथवा ᮧाथिमक डीलर भारतीय ᳯरजवᭅ बᱹक कोर बᱹ᳴कग

छोड़कर, भौितक ᱨप मᱶ अᮧित᭭पधᱮ बोली ᭭वीकार नहᱭ कᳱ जाएगी।

बᱹक अथवा ᮧाथिमक डीलर को अᮧित᭭पधᱮ खंड के अधीन आबंटन ᮧितलाभ/कᳱमत कᳱ उस भारांिशत औसत दर

पर होगा, जो ᮧित᭭पधᱮ बोली देने के आधार पर नीलामी मᱶ सामने आएगी। इस बात पर ᭟यान ᳰदए िबना ᳰक बᱹक अथवा

ᮧाथिमक डीलर को ᮧितभूितयां जारी कᳱ जाएंगी।

ऐसे मामले मᱶ, जहां बोली कᳱ रािश ᮧारिᭃत रािश (अिधसूिचत रािश के 5 ᮧितशत) से अिधक है यथानुपात

आबंटन ᳰकया जाएगा। आंिशक आबंटनᲂ के मामले मᱶ, यह बᱹक अथवा ᮧाथिमक डीलरᲂ का दािय᭜व होगा ᳰक वह अपने ᮕाहकᲂ

को ᮧितभूितयᲂ का उिचत आबंटन एक पारदशᱮ तरीके से करᱶ।

6. ᮧितभूित को भारतीय ᳯरजवᭅ बᱹक ᳇ारा केवल एसजीएल ᱨप मᱶ जारी ᳰकया जाएगा। भारतीय ᳯरजवᭅ बᱹक इसे या तो बᱹक

एसजीएल खाते से वा᭭तिवक ᱨप मᱶ कᳱ गई सुपुदᭅगी ᭭वीकायᭅ है।

यह बᱹक अथवा ᮧाथिमक डीलर का दािय᭜व है ᳰक वह ᮕाहक को ᮧितभूितयां ह᭭तांतᳯरत करे। असाधारण

पᳯरि᭭थितयᲂ को छोड़कर, ᮕाहकᲂ को ᮧितभूितयᲂ का अंतरण िनगᭅम कᳱ ितिथ से पांच कायᭅ ᳰदवसᲂ के भीतर पूरा ᳰकया

जाएगा।

बᱹक अथवा ᮧाथिमक डीलर अपने ᮕाहकᲂ को यह सेवा देने के िलए छह पैसे ᮧित सौ ᱧपए तक

दलाली/कमीशन/सेवा ᮧभार के ᱨप मᱶ वसूल कर सकते हᱹ। ऐसी कᳱमत िबᮓᳱ मू᭨य मᱶ शािमल कᳱ जा सकती है या ᮕाहकᲂ से

अलग से वसूल कᳱ जा सकती है। ऐसे मामले मᱶ जहां ᮧितभूितयᲂ का अंतरण ᮧितभूित कᳱ िनगᭅम ितिथ के बाद ᮧभावी होता

हो, बᱹक या ᮧाथिमक डीलर को ᮕाहक ᳇ारा देय ᮧितफल रािश मᱶ िनगᭅम ितिथ से उपिचत ᭣याज शािमल होगा।

ᮧितभूितयᲂ कᳱ लागत, उपिचत ᭣याज जहां भी लागू हो, तथा दलाली/कमीशन/सेवा ᮧभारᲂ के िलए ᮕाहकᲂ से

भुगतान ᮧा᳙ करने कᳱ कायᭅ-ᮧणाली,बᱹक या ᮧाथिमक डीलर ᳇ारा ᮕाहक के साथ कᳱ गई सहमित के अनुसार तैयार कᳱ

जाएगी। यह उ᭨लेखनीय है ᳰक ᳰकसी अ᭠य लागत, जैसे िनिधकरण लागत को मू᭨य मᱶ शािमल नहᱭ ᳰकया जाना चािहए या

ᮕाहकᲂ से वसूल नहᱭ ᳰकया जाना चािहए।

संबंिधत सूचना िनधाᭅᳯरत समय सीमा के अंतगᭅत बᱹक को ᮧ᭭तुत करनी होगी।

संशोिधत ᳰकया जाएगा।

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NOTIFICATION

New Delhi, the 23rd January, 2017

Auction for Sale (Re-issue) of ‘6.97 per cent Government Stock, 2026’

F. No.4(3)-W&M/2016(i).—Government of India hereby notifies sale (re-issue) of ‘6.97 per

cent Government Stock, 2026’ (hereinafter called 'the Stock') for an aggregate amount of ` 5,000

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 08, 2008 issued by Government of India.

Method of Issue

2. 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 multiple price auction method.

Allotment to Non-competitive Bidders

3. 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).

Place and date of auction

4. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001

on January 27, 2017. Bids for the auction should be submitted in electronic format on the Reserve

Bank of India Core Banking Solution (E-Kuber) system on January 27, 2017. 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.

When Issued Trading

5. The Stock will be eligible for “When Issued” trading in accordance with the guidelines issued by

the Reserve Bank of India.

Tenure

6. The Government Stock will be of ‘10 year’ tenure commencing from September 6, 2016. The

Stock will be repaid at par on September 6, 2026.

Date of issue and payment for the stock

7. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai

Office on January 27, 2017. The payment by successful bidders will be on January 30, 2017 i.e. the

date of re-issue. The payment for the Stock will include accrued interest on the nominal value of the

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

Stock allotted in the auction from the date of original issue i.e., September 6, 2016 to January 29,

2017.

Interest

8. Interest at the rate of 6.97 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 6 and September 6.

By Order of the President of India,

PRASHANT GOYAL, 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 percent 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:

do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with the

Reserve Bank of India. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks shall be

covered under this Scheme in view of their statutory obligations.

make a single bid for an amount not more than ` two crore (face value) per auction

submit their bid indirectly through any one bank or PD offering this scheme.

Exceptions: Regional Rural Banks (RRBs) and Cooperative 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:

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

¹Hkkx Iµ[k.M 1º

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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.

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

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

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.

अिधसूचना

नई ᳰद᭨ली, 23 जनवरी, 2017

''7.73 ᮧितशत सरकारी ᭭टॉक 2034'' कᳱ िबᮓᳱ (पुनᳶनगᭅम) के िलए नीलामी

फा. सं. 4(3)-ड᭣ ᭨ यूएंडएम/2016(ii).—भारत सरकार एतद᳇ारा 2000 करोड़ ᱧपए (अंᳰकत) कᳱ कुल रािश के िलए

''7.73 ᮧितशत सरकारी ᭭टॉक, 2034'' (िजसे इसमᱶ इसके बाद ‘᭭ टॉक’ कहा गया है) कᳱ िबᮓᳱ (पुनᳶनगᭅम) अिधसूिचत करती

सामा᭠य अिधसूचना एफ.सं᭎या 4(13)-ड᭣᭨यूए᭛डएम/2008, तारीख 8 अᲦूबर 2008 मᱶ िन᳸द᳥ शतᲄ के अधीन कᳱ जाएगी।

िनगᭅम कᳱ िविध

कᳱ सामा᭠य अिधसूचना एफ.सं᭎या4(13)-ड᭣᭨यूएंडएम/2008 के पैरा 5.1 मᱶ यथा िनधाᭅᳯरत तरीके से िविवध मू᭨य नीलामी

िविध का ᮧयोग करते ᱟए मू᭨य आधाᳯरत नीलामी ᳇ारा कᳱ जाएगी।

अᮧित᭭पधᱮ बोलीदाताᲐ को आबंटन

नीलामी का ᭭थान एवं तारीख

जाएगी। नीलामी हेतु बोिलयां भारतीय ᳯरजवᭅ बᱹक कोर बᱹ᳴कग सो᭨यूशन (ई-कुबेर) ᮧणाली संबंधी इले᭍ᮝॉिनक ᮧपᮢ मᱶ 27

जनवरी, 2017 को ᮧ᭭तुत कᳱ जानी चािहए। अᮧित᭭पधᱮ बोिलयां पूवाᭅ᭮न 10.30 बजे से पूवाᭅ᭮न 11.30 बजे के बीच और

ᮧित᭭पधᱮ बोिलयां पूवाᭅ᭮न 10.30 बजे से दोपहर 12.00 बजे के बीच ᮧ᭭तुत कᳱ जानी चािहए।

कब िनगᭅिमत कारोबार

अविध

6. यह सरकारी ᭭टॉक 12 अᲦूबर, 2015 से ᮧार᭥भ होकर 19 वषᭅ, 2 माह और 7 ᳰदन कᳱ अविध के िलए होगा। इस ᭭टॉक

कᳱ चुकौती 19 ᳰदस᭥ बर, 2034 को सममू᭨य पर कᳱ जाएगी।

िनगᭅम कᳱ तारीख और ᭭टॉक के िलए भुगतान

¹Hkkx Iµ[k.M 1º

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भुगतान मᱶ नीलामी मᱶ आबंᳯटत ᭭टाक के अंᳰकत मू᭨य पर, अंितम कूपन भुगतान कᳱ से अथाᭅत् 19 ᳰदस᭥ बर, 2016 से 29

जनवरी, 2017 तक, ᮧो᭞भूत ᭣याज शािमल होगा।

᭣याज

8. अंितम कूपन भुगतान कᳱ तारीख से ᭭टॉक के अंᳰकत मू᭨य पर 7.73 ᮧितशत ᮧितवषᭅ कᳱ दर से ᭣याज ᮧो᭞भूत होगा तथा

इसका भुगतान अ᳍ᭅ-वाᳶषक आधार पर 19 जून और 19 ᳰदस᭥ बर को ᳰकया जाएगा।

भारत के रा᳦पित के आदेश से,

ᮧशांत गोयल, संयुᲦ सिचव

अनुबंध

सरकारी ᮧितभूितयᲂ कᳱ नीलामी मᱶ अᮧित᭭पधᱮ बोली सुिवधा ᭭कᳱम

कᳱ जाएंगी। ᮧारिᭃत रािश अिधसूिचत रािश के अ᭠तगᭅत होगी।

भागीदारी खुली होगी जो िन᳜िलिखत शतᲄ को पूरा करते हᱹ:

शािमल ᳰकया जाएगा।

करते हᱹ।

खाता रखते हᱹ, अपनी अᮧित᭭पधᱮ बोिलयᲂ को ᮧ᭜यᭃ ᱨप से ᮧ᭭तुत करने के िलए पाᮢ हᲂगे।

अब तक ᳰदनांᳰकत ᭭टॉक के िलए है।

IV. अ᭠य ᮧचालना᭜मक ᳰदशािनदᱷश:

अथवा ᮧाथिमक डीलर ᳇ारा ᮧा᳙ ᳰकया जाना और ᳯरकाडᭅ मᱶ रखा जाना होगा।

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

छोड़कर, भौितक ᱨप मᱶ अᮧित᭭पधᱮ बोली ᭭वीकार नहᱭ कᳱ जाएगी।

ᮧाथिमक डीलर को ᮧितभूितयां जारी कᳱ जाएंगी।

ᮧितभूितयᲂ का उिचत आबंटन एक पारदशᱮ तरीके से करᱶ।

एसजीएल खाते से वा᭭तिवक ᱨप मᱶ कᳱ गई सुपुदᭅगी ᭭वीकायᭅ है।

7. यह बᱹक अथवा ᮧाथिमक डीलर का दािय᭜व है ᳰक वह ᮕाहक को ᮧितभूितयां ह᭭तांतᳯरत करे। असाधारण पᳯरि᭭थितयᲂ

8. बᱹक अथवा ᮧाथिमक डीलर अपने ᮕाहकᲂ को यह सेवा देने के िलए छह पैसे ᮧित सौ ᱧपए तक दलाली/कमीशन/सेवा

डीलर को ᮕाहक ᳇ारा देय ᮧितफल रािश मᱶ िनगᭅम ितिथ से उपिचत ᭣याज शािमल होगा।

ᮕाहकᲂ से वसूल नहᱭ ᳰकया जाना चािहए।

संबंिधत सूचना िनधाᭅᳯरत समय सीमा के अंतगᭅत बᱹक को ᮧ᭭तुत करनी होगी।

संशोिधत ᳰकया जाएगा।

¹Hkkx Iµ[k.M 1º

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NOTIFICATION

New Delhi, the 23rd January, 2017

Auction for Sale (Re-issue) of ‘7.73 per cent Government Stock, 2034’

F. No.4(3)-W&M/2016(ii).—Government of India hereby notifies sale (re-issue) of ‘7.73 per cent

Government Stock, 2034’ (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 notification (called ‘Specific Notification’) as also the terms

and conditions specified in the General Notification F.No.4(13)–W&M/2008, dated October 08, 2008 issued by

Government of India.

Method of Issue

2. 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 multiple price auction method.

Allotment to Non-competitive Bidders

3. 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).

Place and date of auction

4. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 on January 27,

2017. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution

(E-Kuber) system on January 27, 2017. 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.

When Issued Trading

5. The Stock will be eligible for “When Issued” trading in accordance with the guidelines issued by the Reserve Bank of

India.

Tenure

6. The Government Stock will be of ‘19 years, 2 months and 7 days’ tenure commencing from

October 12, 2015. The Stock will be repaid at par on December 19, 2034.

Date of issue and payment for the stock

7. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on January 27,

2017. The payment by successful bidders will be on January 30, 2017 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 19, 2016 to January 29, 2017.

Interest

8. Interest at the rate of 7.73 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 19 and December 19.

.By Order of the President of India,

Prashant Goyal, 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 percent 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:

do not maintain current account (CA) or Subsidiary General Ledger (SGL) account with the Reserve Bank of

India. Exceptions: Regional Rural Banks (RRBs) and Cooperative Banks shall be covered under this Scheme in

view of their statutory obligations.

make a single bid for an amount not more than ` two crore (face value) per auction

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART I—SEC. 1]

submit their bid indirectly through any one bank or PD offering this scheme.

Exceptions: Regional Rural Banks (RRBs) and Cooperative 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:

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.

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