REGISTERED No. D.(D)-72
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 234] NEW DELHI, TUESDAY, DECEMBER 21, 1976/AGRAHAYANA 30, 1898
SeparatepagingisgiventothisPartinorderthatitmaybefiled
as a separate compilation
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 21st December 1976
No. F. 4(6)-W&M/76.—Subscriptions for the issues of 0 per cent, Loan 1993 (Third Issue) and 6-1/2 per cent Loan, 2003 (Second Issue) will be received from the 28th December 1976 in the form of cash. The issues will be closed without notice as soon as it appears that the total subscriptions amount approxi- mately to Rs 100 crores (Nominal) and in arty case not later than the close of business on the 30th of December 1976. Government reserve the right to retain subscriptions received upto 10 per cent in excess of the sum of Rs. 100 crores. 2. If the total subscriptions to the aforesaid loans exceed the sum of Us. 110.00 crores (Nominal), partial allotment will be made in respect of the loans on a proportionate basis. If partial allotment is made the excess subscriptions fee refunded as soon as possible after allotment. No interest will be paid on the amounts so refunded.
3. 6 per cent. Loan 1993 (Third Issue) issued at Rs. 99.25 per cent. and redence
able at par on the 26th July 1993.
(I) Date of repayment.—The Loan will be repaid at par on the 26th July
1993.
(II) issue Price..—/The issue price will be Rs. 99.25 for every Rs. 100.00 (Nominal) of the Loan applied for.
(iii) Interest.-The loan will bear interest at the rate of 6 per cent per an- num from 28th December 1976. Interest for the period 28th Decem- ber 1976 to 25th January 1977 Inclusive will be paid on 25th January 1977 and thereafter payment of interest will be made half-yearly on 26th July and 25th January. The interest paid will, subject to the Provision's of paragraphs 6 and 7 below, be liable to tax under the Income-tax Art, 1961.
(1793)
ljg$ THE GAZETTE OF INDIA EXTRAORDINARY PART I—SEC. 1
4. 64 per cent. Loan, 2003 (Second Issue) issued at Rs. 100.00 per cent and re- deemable at par on the 26th July 2003.
(i)Dftte of repayment.—The Loan will be repaid at par on the 26th July 2003.
(ii) Issue Price.—The issue price will be Rs. 100,00 lor every Rs. 100.00 (Nominal) of the Loan applied for.
(iil) Interest.—The Loan will bear interest at the rate of 6J per cent, per annum from 28th December 1976. Interest for the period 28th December 1976 to 25th January 1977 inclusive will be paid on 25th January 1977 and thereafter payment of Interest will be made half yearly on 26th July and 25th January. The interest paid will, sub- ject to the provisions of paragraphs 6 and 7 below, be liable to tax under the Income-tax Act, 1961.
SUPPLEMENTARY PROVISIONS
5. Place of payment <>f interest.—Interest on the loans will b" paid at the Fublic Debt Offices of the Reserve Bank of India at Ahmedabad, Bangalore, Bom- bay, Calcutta, Hyderabad, Jaipur, Kanpur, Madras, Natfpur, New Delhi and Patna. at any Treasury or Sub-treasury elsewhere in India except the States of Jammu & Kashmir end Slkklm, and at the Central Government Pay and Accounts Offices at Jamniu and Shrinagar.
6. Refunds of tax deducted at the time of payment of interest (at the rates prescribed by the annual Finance Acts) will be obtainable by holders of the loan •who are not liable to tax or who are liable to tax at rates lower thart the rate at which tax was deducted.
A holder who is not liable to tax or who is liable to tax at a rate lower than the prescribed rate can obtain on application, a certificate from the Income-tax Officer of the district, authorising payment of interest to him without deduction of tax or with deduction of tax at such lower rate as may be applicable to the holder.
7. Interest on both the loans now issued together with interest on other previ- ous Government securities and income from other approved investments will be exempt from income-tax subject to a limit of Rs. 3,000 per annum and subject to the other provisions of Section 80L of the Income-tax Act, 1961.
8 The value of Investments in the loans now issued together with the value of other previous investments in Government securities and the other investments specified in Section 5 of the Wealth Tax Act will also be exempt froTn the Wealth Tax upto Rs. 1,50,000.
9. The securities will be Issued in the form of—
(i) Stock, the applicants for which will bc given Stock Certificates, or
(ii) Promissory Notes.
If no preference is stated by the applicants, the securities will be issued in the form of Promissory Notes.
10. Applications for the loans.—Applications for the loans must be for Rs, 100 or multiples thereof.
11. Applications will be received at—
(a) Offices of the Reserve Bank of India at Ahmedabad. Bangalore, Bombay (Fort and Byculla), Calcutta, Hyderabad, Kanpur, Madras, Nagpur. New Delhi and Patna; and
(b) Branches of the State Bank of India at all places In India except at (a) above.
12 Applications may be in the form attached hereto or in any other form which states clearly the" amount ana description of the securities required the fun name and address of the applicant and the office at which he desires the interest to be pafd.
fm 13. Applications should be accompanied by the necessary payment In ths fora of cash or cheque. Cheques tendered at the office of the Reserve Bank of India or the State Bank of India should be drawn In favour of the bank concerned.
14. Brokerage will be paid at the rate of e paise per Rs. 100 (Nominal) to recognised banks and brokers on allotments made in respect of applications for the loans tendered by them and bearing their stamp.
The claim for payment of brokerage should be preferred at the paying offices within six months from the date of floatation ot the loans.
FORM OF APPLICATION
I/We
[Full Name(s) in Block letters]
herewith lender *Cash Rs *Chcque for Rs and request that securities of 6 per cent L°an3 1993 (Third Issue) •/£* pei cert, Loan 2003* (Second Issue) of the nominal value of R:> may be issued to me/us in the iorra ot Promissory Note (s)** Stock Certificate interest to be payable at
N.B.—The applicant should not write anything in this cage. Tr e
entries Will be filled in by the Public Debt Office Signature
Initials Dan
Name in full Application No
(Block letters) N.B. Stamp
Cash received
Cheque realised
Address Credited to Special Current Account
Examined
Cash Applications Register posted
Brokerage Register posted
Indent No
Scrip No:
Card No
Voucher passed on
Dated the
of December 1976
NoT" :—(1) Separate application should be made for each Loan and each form of scrip (Steck Certificate or Promissory Note)of thonew Loan required.
(2) If the applicant's signature is by thumb mark, it should be witnessed by two peiferu The full names, occupations and addresses of th© witnesses should be "pp"cdtd " theiT signatures.
jM|ait 1*tSl SAfctfffffi 6$ ti&tA EX'JAAdWDftfARY PART IT-SEC. ^
(3) If the application is made in the name of registered bcdy, the underrctcd documents, if not already registered "t the Public Debt Office, should be enclosed with the in- vestment application :—
(i) Certificate of Registration/Incorporation.
(ii) Mamorandum and Articles of Association or certified copies of the Rules and Regulations/Bye-laws of the body/company.
(iii) Cartifled copy of resolution in favourofthe person authorised to dcalin Govern- ment securities on behalf of the body/ccjnpany,
(4) Applicants desiring the issue of scrips in the form of Stock CerLf-ctie; jl
*Delete What Is not required.
^•Promissory Notes will be issued in denominations of Rs. ico, Rs. 200, Rs. 500, Ha. i(ooo, Rs. <,ooo, Rs. IO.OOOJ Rs. 25,000, Rs. 505000 and Rs. i,oo,coo. Stale here the particular donomingtion/s required.
By Order of the President,
K N. BOW, Jt. Secy.
1709
lgO6 THE GAZETTE OF INDIA EXtRAOlKDINARy PABT I - S E C ^I
ISOI
IgO2 T HE GAZETTE OF INDIA EXTRAORDINARY PART 1—*BC. 1
PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA. PRESS, MINTO ROAD, NEW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 1 9 76