THE GAZETTE

OF INDIA : EXTRAORDINARY

IPART T—SEC. 11

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 2nd February, 19S1

No. F. 4(5)-W&M/80.—Subscriptions for the issues of fi,75

per cent. Loan, 1994 and 7.50 per cent, Loan 2010 (Fourth

Issue) will be received from the lhth February 1981 in the

form of cash. The issues will be closed without notice as soon

as it appears that the total subscriptions amount approximately

to Rs. 480 crores and in any c.ise not later than the close of

business on the 17th February 19S1. Government reserve the

right to retain subscriptions received

upto 10 per cent, in

excess of the sum of Rs. 480 crores.

2. If the total subscriptions to the aforesaid loans exceed

the sum of Rs. 528 crores, partial allotment wil) be made in

respect of the loans on a proportionate basis. Tf partial allot-

ment is made, the excess subscriptions will be refunded as

soon as possiblo after partial allotment. No interest will be paid

on the amounts so refunded.

3. 6.75 per cent. Loan, 1994 issued at Rs. 100.00 per cent,

and redeemable ut par on the l^th February 1994.

(i) Date of Repayment,'—The Lun will be repaid at par

on the 16th February 1994.

(ii) Issue Price.—The issue price will be Rs. 100.00 for

every Rs. 100.00 (Nominal) of the Loan applied for.

(iii) Interest.—The Loan will bear interest at the rate of

6.75 per cent, per annum frim 16th February 1981.

Interest will be paid half-yearly on the 16th August

and 16th February. The interest paid will, subject to

the

provisions of paragraphs 6 and 7 below, be

liable to tax under the Income-tax Act, 1961.

4. 7.50 per cent. Loan, 2010 (Fourth Issue) issued at

Rs. 100.00 per cent, and redeemable at par on the 12th May

2010.

(i) Date of Repayment.—The Loan will be repaid at par

on the 12 May 2010.

(ii) Tssue Price.—The issue price will be Rs. 100.00 for

every Rs. 100.00 (Nominal) of the Loan applied for.

(iii) Interest.—The- Loan will bear interest at the rate of

7.50 per cent, per annum from 16th February 1981.

Interest for the period 16th Febrmry 1981 to 11th

May 1981 (inclusive) will be paid on the 12th May

1981 and thereafter interest will be paid half-yearly

on the 12th November and 12th May. The interest

paid will, subject 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 of Interest.—Interest on the Loans will

be paid at the Public Debt Offices of the Reserve

Bank of

India at Ahmedabad, Bangalore, Bombay, Calcutta, Hyderabad,

Jaipur, Kanpur, Madras, Nagpur, New Delhi and Palna at

any Treasury or Sub-Treasury elsewhere in India except the

States of lammu and Kashmir and Sikkim.

6, Refunds of tax deducted at the time of payment of in-

terest (at the rates prescribed by tb,e Annual Finance

Acts)

will be obtainable by holders of the Loan who arc not liable

to lax or who are liable to tax. at rates lower than the rate sit

which lux was deducted.

A holder who is not liable to tax or who is liable to tax HI

a rate lower than the prescribed rate, con obtain, on applica-

tion, a ceitificate from the Income-tax Officer of the district,

authorising payment of interest to him without deduction ef

tax or with deduction ot tax at such lower rate as may be

applicable to the holder.

7. Interest on the loans now issued together with interest

on other previous Government securities and income from ether

approved investments will be exempt from income-fax subject

to a limit of Rs. 3,0(M) per annum and subject to the other

provisions of Section H0L of ihe Income-tax Act, J961.

8. The value of investments in the loans now issued together

ivith the value of other previous investments in Government

.securities and the other investments specified in Section 5 of

the Wealth Tax Act will uho be exempt from the Wealth tax

upto Rs. 1,50,000.

9. The securities will be issued in the form of—

(i) 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 leans

must be for Rs. 100 or a multiple of that sum.

11. Applications will be received at—

(a) Offices of the Reserve Bank of India at Ahmedabad,

Bangalore, Bombay (Fort and Byculla),

Calcutta,

Hyderabad, Jaipur, Kanpur, Madras, Na^rpur, 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

in any other form which states clearly ths amount and descrip-

tion of the securities required, the full name and address of

the applicant and the office at which he desires the interest to

be paid.

13. Applications should be accompanied by the necessary

payment in the form of cash or cheque. Cheques tendered at

the office of the Reserve Bank of Tndia or the State Bank of

India should be drawn in favour of the bank concerned.

14. Brokerage

will¹ be paid at tho

rate of 6 paise per

Rs. 100,00 (Nominal) to recognised banka and: brokers

allotments

made in respect

of applications for the loans

tendered by them and bearing their stamp.

Tho claim for payment of brokerage should be preferred at

the paying offices within six months from tho date of floatation

of the loan*.

By order of the President,

A. C. TIWARI, Jt. Secy.

FORM OF APPLICATION

I/Wo*

—

[Full Name(s) in Block lotters]

—

_ — _ _

-herewith

"Cash

tcidjr

•

for Rs.—

•

——•

(Rupee:,

* Cheque

—•

•

-) and request that securities of 6,75 per cei t. Loan, l^l'54*/7.50 per cent. Loan, 2010 (Fcurth Ittue

of the riomiml value of Rs.

•

may be issued to me/us* in the form of Promissory Note(s)'] in (he den

minulion(s) staled below :

"Stock Certificate

.—•

—

———Promissory Note(s)of Rs. —

•—

—

each

Promissory Notc(s) of Rs,

each

Promissory Notc(s) of Rs. •

each

2. l/Wi* desire that interest be paid at

N.B.—The applicant should not write anything in this cage, The Signature(s)

•

c it 'ies will be filled in by the Public Debt Office.

.—— Namc(s) in full

Initials

Date

(Block Letters)

Application No.

—

N.B. Stamp

Cash received on

——-—•

Cheque realised on

Address

Credited to Special Current Account on

•

Examined

Cash Applications Register posted

—

Brokerage Register posted

Tndcnt No

Dated the

Scrip No.

of February 1981.

Card No.

— -

Voucher passed on

•—

*Delctc what is not required.

|-P omissory Notes will be issued in denominations of Rs. 100, Rs, 200, Rs. 500, Rs. 1XC0, Bs. 5,( fO, Rs. 1P,CCC. Ps. 15 CCC, Rf. 5C,(CC

md Rs. 1,00,000. State here the particular denomination(s) required.

Nutes.— (1) Separate applications should be made for each Loan «nd ecch fo;m of scrip (Stock Certificate or Picmissoiy Note) of ibe

new Loan required.

(2) If the applicant's signature is by thumb mark, it should be witnessed by two persons. The full names, occupations and

addresses of the witnesses should be appended to their signatures.

(3) If the application is made in the name of the registered body, the undcrnoted documents, if not already registered at the

Public Debt Office, should be enclosed with the investment application :

(i) Certificate of Incorporation/Registration in engird or a copy thereof certified as tiue by the issuirg authority urdcr

his office seal.

(ii) Certified copies of Memorandum and Articles of Association or the Rules end Regulaticrs/Ey-It ws tf ire cempony/

body.

(iii) Certified copy of resolution in favour of the person/s authorised to deal in Government securities on behalf of the

company/body together with his/their duly attested specimen signature(s).

(4) \-> llicints desiring the issue of scrips in the form of Stock Certificates should also complete a Mandate Form (ob-

tainable from Public Debt Office) for remittance of half-yearly interest to them.

PRINTED BY THE MANAGER, GOVT. OF INDIA PRESS, RING ROAD, NEW DELHI-110064

AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054, 1981