THE GAZETTE OF INDIA : EXTRAORDINARY

[PART 1—SEC. 1]

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 15th January, 1981

SPECIAL BEARER BONDS, 1991

No. F. 4(l)-W&M/81.—With effect

from 2nd February

1981, Special Bearer Bonds, 1991 will be on sale at ;—

ii) the offices of the Reserve Bank of India at Ahmeda-

bad, Bangalore, Bombay (Fort and Byculla), Calcutta,

Hyderabad, Jaipur, Kanpur, Madras, Nagpur, New

Delhi and Patna ; and

(ii) all branches of the State Bank of India and

its

Subsidiary Banks in Tndia.

The Bonds will also be on sale with effect from 9th Feb-

ruary 1981 at M branches of the State Bank of India

abroad conducting banking business.

The Bonds will remain on tap until such date, (not being

j . date before 30th April 1981), as the Government may notify

in this behalf.

2. The Bonds will be issued in the denomination of Rs.

10,000 in the form of bearer bonds. There will be no

limit on investment in the Bonds,

3 No application form lor purchase of Lhc Bonds will

be neccssaiy. At branches of the State Bunk of India abroad,

subscriptions will be received in foieign eKchunge ai

the

prevailing rate of conversion.

4. The Bonds will be repaid after ten years from the date

of sale indicated thereon at places mentioned in paragraph

J(i) imd (ii) above.

The holders will be entitled to receive Rs. 12,000 for every

Bond on maturity. The repayment in all cases will be made

JTI India in Indian rupees.

For obtaining repayment of the redemption value, the

bond will have to be presented inact. No claim for repay-

ment of redemption value will be entertained in respect of

a Bond lost, slolcn or destroyed.

5. Premium paid on the Bonds will be fiec fiom income-

tax and the value of the Bonds will be exempted from wealth-

tax. Transfer of bonds on resale will not attract liability

towards capital gains tax. Transfer of Bonds by way of

gift will be free from gift-tax.

6. No claim for issue of a duplicate Bond will be admit-

ted as of right. However, the Reserve Bank of India may,

at its option and subject to such conditions as it may specify,

issue a duplicate Bond in place of a mutilated or a defaced

Bond.

By Order of President

A. C. TIWARI, It. Secy.

I'RlNTFn BY THE MANAGER, OOVi. OF 1NDIV PRESS, KIND ROAD, NEW DLLHI-110064

VND PUlUISHrD HY THE CONTROLLUt 01 PUnLICATTONS, DM 1 II-1 10054,

1981