THE GAZETTE OF INDIA : EXTRAORDINARY

[PARTI—SEC. T

MINISTRY OF FIN-VNCE

(Department o£ Economic Affaire)

NOTIFICATION

New Delhi, the 29th November, 1982

No. F. 4(5)W & M/82.—Subscriptions for the issues

6,25 per cent Loan, 1986 (Second Issue), 7.25 per cent.

Loan, 1992 (1-ourth Issue) anil H.75 per cent. Loan, 2010

foi an aggregate amount of Rs. ftOO crores will be received

in the form of cash on the 13th December 1982 upto the

close of Banking hours. In the event of 13th December

1982 being declared a holiday by any State Government

under the Negotiable Instruments Act, 1881, the subscrip-

tions will be received at^fhe concerned receiving offices

that State upto the close <Jf Banking hours on the next wort-

ing day. Government reserve the right to retain subscriptions

received upto 10 per cent, in excess of the sum of Rs. 600

crores.

2. If the total subscriptions to the afoiesaid loans exceed

the sum of Rs. 660 crores, partial allotment will be made

in respect of the Loans, on n proportionate basis. If partial

allotment is made, the excess subscriptions will be refunded

as soon as possible Hfter partial allotment. No interest will

be paid on the amounts so refunded.

3". 6.25 per cent, Loan, 1986 (Second Issue) issued

Rs, 100.00 per cent and redeemable at par on the 26th July

1986.

(i) Date of Repayment.—The Loan will be revaid

par on the 26th July 1986.

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

every Rs. 100.00 (Nominal) of the Loan applied

for.

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

6.25 per cent per annum from 13th December l'JK2.

Interest for the poriod 13th December 1982 to 25th

January 19K3 (inclusive) will

be paid on 26lh

Jpnuary 1983 and thereafter interest will be paid

half-yearly on 26th July ;ind 26th January,

The

interest paid will, subject to the provisions of para-

graphs 8 and 9 below, be liable to tax under the

Income-tax Act, 1961.

4, 7,25 per cent Loan, 1992

(Fourth

Jssuo)

issued at

Rs 100 00 per cent and redeemable at par on the 24th May

1992.

(i) Date of Repayment,—The Loan will be lepuid

par on the 24th May 1992,

(ii) Issue Price—The issue price will be Rs. 100,00 Kir

every Rs. 100,00 (Nominal) of the Loan applied for.

(iiil Interest.—The Loan wijl bear Interest ut the rate ot

7.25 per cent per annum from 13th December, 1982,

Interest for the period 13th December, 1982 to 23rd

Muy 1983 (inclusive) will be puid on 24th

May

1983 and thereafter interest will be paid half-yearly

on 24th November and 24th May, The interest paid

with subicct to the piovisions of paragraphs 8

and 9 below, be liable to tax under 'he income-tax

Act, 1961.

5. 8,75 per cent Loan, 2010 issued at Rs. 100.00 per rent

and redeemable at par on the 13th December 2010.

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

on the 13th December 2010.

(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

8,75 per cent per annum from 13th December 1982.

Interest will be paid half-yearly on the 13th June

and 13th December. The Wcrcst paid will, subject

to the provisions of paragraphs 8 and 9 below, be

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

SUPPLEMENTARY PROVISIONS

b. Applications will be icceivcd at—

taj Oftices of the Reserve Bank of India at Ahmedabad,

Bangalore, Bombay (Fort and Byculla),

Calcutta,

Gauhati, Hyderabad,

Jaipur,

Kanpur,

Madras,

N.igpuf, New Delhi, Patna and Trivandrum.

(b) Binncb.cs of the Slate B ink of India at all places

m India e\cepi ,rl (a) above.

7. Place of Payment jf Inteicst!—Interest on the Loans

will be paid at the Public Debt Offices of the Reserve Bank

of India at Ahmedabad, Bangalor=, Bombay, Calcutta, Oauhati

Hyderabad, Jinpui, Kanpur, Madias, Nagpur, New Delhi,

P.itna and Tnvandmm and at any Treasury or Sub-Treasury

elscwheie in India except the States of Jammu and Kashmir

and Sikkim.

8. Refunds of tax deducted at the time of payment

interest (at the rates prescribed by the Annual

Finunct

Ai-tfc) will be obtainable by bolder* o* the Loan who are

not liable to tax or who arc liable to tax at rates lower than

the rate at which tax was deducted.

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

at a late lower than the prescribed iate, can obtain,

application a cerlificate from the Income-Tax Officer of the

district, authorising payment of intetest to him without de-

duction of tax or with deduction of tax at such lower rate

as may be applicable to the bolder

An indiviiJual Tesident in India whose total income does

not exceed the exemption limit can obtain, on furnishing a

declaration in the prescribed form in duplicate to the person

responsible for paying the interest,

the amount of interest

without deduction of tax.

y. Interest on the loans now issued together with interest

on othei previous Government securities aid income

froMi

other approved investments will be exempt from incomt-tax

subject to a limit of Rs, 6,000 per annum and subject to

the other provisions of Section SOL of the Income-tax Act,

1961.

10. The value of investments j n the loans now issued

together with the value of other previous investments in

Govtrnment Securities and the other investments specified in

Section 5 of the Wealth-tax Act will also

be exempt from

the •Wealth-tax upto Rs. 1,65,000.

11. 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 b£ issued in the form of Promissory Notes.

12. Applications

for the Loans.—Applications for

the

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

13. Applications may be in the form attached hereto or

in any other form which state* rlcaily tho amount ana

description of the securities required, the full name and

address of the applicant and the olllcc at which he desires

the interest to be paid.

14. Applications should be accompanied by the necessary

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

the office of Reserve Bank of India or State Bank of India

should be drawn in favour of the bank concerned.

15. Brokerage will be paid at the rate of 5

paise -per

Rs. 100.00 (Nominal) to recognised banks and brokers on

allotments made in respect of applications for the loans

tendered by them and bearing their stamps.

The chim for payment of brokerage should bo preferred

at the concerned offices within Mx months from the date of

floiit'iYion of the loans.

By order of the President.

A. C. TIWARI, Jt. Secy,

FORM OF APPLICATION

I/We*

(Full Namo(s) in Block Letters)

herewith

tender

Cash

(Rupees

)

Cheque for

and request that Securities of 6.25 por cent. Loan, 1980 (Second Issue)*/7.25 percent. Loon, 1992(Fouith Issue)*/8.75 pel cent. Loan,

2010* of the nominal value of Rs

•PiOmissory Noie(s) in the denomlnatiorj(s) stated below :

may be issued tl> me/us* in the form of —.

•—• • • i

1—•—.

.—i

—^—•—>—•——-—>—

Stock Certificate

PiOmissory Note(s) + of Rs

each

PiOmissory Notc(s)+of Rs

each

Pi-omissoiy Nott(s)+of Rs

ca ch

2. I/Wo*

desire that interest be paid at

•-

—^-

.—i

——

Signature^)

N.B.—Tho applicant should not write anything in this cage. The cntiics will he filled

in by the Receiving Office.

Name(s) in full

—

(Block Letters)

Initials

Date

Application No

N.B. Stamp

Address

Cash i cceived on

Cheque realised on

Credited to Special Current Acccunt

Examined

Cash Applications

Brokei age Register posted

Indent No

Scrip No

• •

Card No

Dated the

Deccrrbcr 1982.

Voucher passed on

N.B.—Tho applicant should not write anything in this cage. The cntiics will he filled

in by the Receiving Office.

Application No

N.B. Stamp

Cash i cceived on

Cheque realised on

Credited to Special Current Acccunt

Examined

Cash Applications

Brokei age Register posted

Indent No

Scrip No

Card No

Voucher passed on

Initials

Date

•Delete what is not required.

+Promissory Notes will be issued in denomination of Rs. 100, Rs. 200, Rs. 500, Rs. 1,000, Ri. 5,000, R^. 10,C0O Rs, 25SA 0, E . f (),(CO

and Rs. 1,00,000, State here the particular denomidation(s) roquhod.

Notes.—(1) Scpaiate applications should be made for cach

Loan and each form of scrip (Stock Certificate or Promissory

Note) of the New Loan required.

(21 If the applicant's signature is by thumb mark, it should

be witnessed by two person). The full nam^s, occupations and

addresses of the witnesses should be appended to their si£-

naturcs.

^^r/J

(3) If the application is made in the name of the regirtcred

body, the undernoted documents, if not already registered at

the Public Debt Office, should be enclosed with the investment

application:—

0) Certificate of Incoiporation/Registration in original or

a copy thereof certified as true by

the

issuing

authority under his office seal.

(fi) Certified copies of Memorandum and Articles

Association or the Rules and Regulations/ By-laws

of the company/body.

(iii) Certified copy of resolution in favour of the person/t

authorised to deal in Government

securities

behalf of the company/body together with his/

their duly attested specimen signature(s).

(4) Applicants desiring the issue o⁽ scrips in the form of

Stock Certificates should also complete a Mandate Form

(obtainable from Public Debt Office) for remittance of half-

yearly interest to them.

PUNT«> BY TH1 MANAOM, OOVT. «F INBu'rMM, UNO M 4 * M1W DKJB-lltM4

AMB VIPUMDB »Y TM CO»TTROJ.LB* OF PUBLICATION*. DELHI-110034. 19U