The Gazette of India
EXTRAORDINARY
PART II--Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 379] NEW DELHI, SATURDAY, AUGUST 16, 1980/SRAVANA 23, 1902
Separate paging is given to this Part in order that it may be filed as a separate
compilation
MINISTRY. OF FINANCE
(Department of Revenue)
ORDER
New Delhi, the 16th August, 1980
S.O. 623(E).—In exercise of the powers conferred by sub- section (6) of section 8 and section 9, read with sub-section 1) of section 115 of the Gold (Control) Act, 1968 (45 of 968), I, M. V. N. Rao, Administrator, being of the opinion that special circumstances of the class of cases specified herein so require, hereby authorise—
1208 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)jgold lin the form of standard gold bars and discs to the last holder of the National Defence Gold Bonds, 1980 (hereafter referred to as recipient) ; and
(ii) such recipient to acquire, accept or otherwise re- ceive the gold so delivered, transferred or other- wise disposed of as the case may be, by the offices of the Reserve Bank of India, the branches of the State Bank of India and its subsidiary banks :
Provided that the recipient shall within a period of six months from the date of the acquisition, ac- ceptance or receipt, as the case may be, either sell the said gold to a licensed dealer or certified goldsmith, or get the said gold converted into ornaments through a licensed dealer or a certi- fied goldsmith :
Provided further that the recipient shall within three months of the date of such sale or conversion furnish a certificate to the nearest gold control officer from the licensed dealer or certified gold* smith to the effect that such gold has. been sold to him or, as the case may be, such gold has been converted by him into gold ornaments.
[No. 5/80|F. No. 131]6/80-GC.TT (PL)] S.O. 624(E).—In exercise of the powers conferred by sec- tion 1091 of the Gold (Control) Act, 1968 (45 of 1968), the Central Government, being of the opinion that it is neces- sary and expedient in the public interest so to do, hereby exempts every certified goldsmith from the provisions of sections 41 and 42 of the said Act as relate to the acquisi- tion, possession, custody or control of standard gold bars and discs of gold bearing India Government Mint markings received by the last holder of the National Defence Gold Bonds, 1980 under the Order of the Government of India in th" Ministry of Finance (Department of Revenue) No. S.O. 623(E), dated the 16th August, 1980 subject to the corfditFon that no such certified goldsmith shall either own or have at any time in his possession, custody or control "any. quantity of such fold bars and discs in excess of on" hundred grammes.
[No. 6/80 F. No. 131/6/80-GC.TT(Pt.)]
M. V. N. RAO, Addl. Secy.