1971
Panaji, 19th January, 2018 (Pausa 29, 1939)
SERIES I No. 42
Reg. No. G-2/RNP/GOA/32/2018-2020
RNI No. GOAENG/2002/6410
PUBLISHED BY AUTHORITY
GOVERNMENT OF GOA
Department of Finance
Debt Management Division
__
Notification
5-4-2017-Fin(DMU)
Government of Goa hereby notifies the sale
of Goa Government Stock (Securities) of
10-year tenure for an aggregate amount of
Rs. 150.00 crore (Nominal). The sale will be
subject to the terms and conditions spelt out
in this notification (called specific notification)
as also the terms and conditions specified in
the General Notification No. 5/2/2010-Fin (DMU)
dated July 18, 2007 of Government of Goa.
Object of the Loan
1. (i) The proceeds of the loans will be
utilized for financing capital expenditure in
connection
with
the
development
programmes of the Government of Goa.
(ii) Consent of Central Government has
been obtained to the floatation of this loan as
required by Article 293(3) of the Constitution
of India.
Method of issue
2. Government stock will be sold through
the Reserve Bank of India, Mumbai Office
Suggestions are welcomed on e-mail: dir–[email protected]
EXTRAORDINARY
No. 2
(PDO) Fort, Mumbai - 400 001 by auction in
the manner as prescribed in paragraph 6.1
of the General Notification No. 5/2/2010/Fin
(DMU) dated July 18, 2007 at a coupon rate
to be determined by the Reserve Bank of
India at the yield based auction under
multiple price formats.
Allotment to Non-competitive Bidders
3. The Governments stock up to 10% of the
notified amount of the sale will be
allotted to eligible individuals and institutions
subject to a maximum limit of 1% of the
notified amount for a single bid as per the
Revised Scheme for Non-competitive Bidding
Facility in the Auctions of State Government
Securities of the General Notification
(Annexure II).
Place and Date of Auction
4. The auction will be conducted by the
Reserve Bank of India, at its Mumbai Office,
Fort, Mumbai 400 001 on January 23, 2018.
Bids for the auction should be submitted in
electronic format on the Reserve Bank of
India Core Banking Solution (E-Kuber) system
as stated below on January 23, 2018.
(c) The competitive bids shall be
submitted electronically on the Reserve
Bank of India Core Banking Solution
(E-Kuber) system between 10:30 a.m. and
12:00 p.m.
OFFICIAL GAZETTE — GOVT. OF GOA
SERIES I No. 42
(EXTRAORDINARY No. 2)
19TH JANUARY, 2018
1972
(d) The non-competitive bids shall be
submitted electronically on the Reserve
Bank of India Core Banking Solution
(E-Kuber) system between 10.30 a.m. and
11.30 a.m.
Result of the Auction
5. The result of the auction shall be
displayed by the Reserve Bank of India
on its website on the same day. The
payment by successful bidders will be on
January 24, 2018.
Method of Payment
6. Successful bidders will make payments
on January 24, 2018 before close of banking
hours by means of cash, bankers’ cheque/
/pay order, demand draft payable at Reserve
Bank of India, Mumbai/Mumbai or a cheque
drawn on their account with Reserve Bank
of India, Mumbai (Fort)/Mumbai.
Tenure
7. The stock will be of 10-year tenure. The
tenure of the stock will commence on
January 24, 2018.
Date of Repayment
8. The loan will be repaid at par on
January 24, 2028.
Rate of Interest
9. The cut-off yield determined at the
auction will be the coupon rate percent per
annum on the stock sold at the auction.
The interest will be paid on July 24 and
January 24.
Eligibility of Securities
10. The investment in Government Stock
will be reckoned as an eligible Investment in
Government Securities by banks for the
purpose of Statutory Liquidity Ratio (SLR)
under section 24 of the Banking Regulation
Act, 1949. The stocks will qualify for the ready
forward facility.
By order and in the name of the Governor
of Goa.
Daulat A. Hawaldar, Secretary (Finance).
Porvorim,19th January, 2018.
—————
Department of Law & Judiciary
Legal Affairs Division
__
Notification
7/24-2017-LA
The Goa Land Revenue Code (Amend-
ment) Act, 2017 (Goa Act 2 of 2018), which
has been passed by the Legislative Assembly
of Goa on 18-12-2017 and assented to by the
Governor of Goa on 16-1-2018, is hereby
published for general information of the
public.
Sharad G. Marathe, Additional Secretary
(Law).
Porvorim, 19th January, 2018.
—————
The Goa Land Revenue Code
(Amendment) Act, 2017
(Goa Act 2 of 2018) [16-01-2018]
AN
ACT
further to amend the Goa Land Revenue Code,
1968 (Act No. 9 of 1969).
Be it enacted by the Legislative Assembly
of Goa in the Sixty-eighth Year of the Republic
of India as follows:—
1. Short title and commencement.— (1) This
Act may be called the Goa Land Revenue
Code (Amendment) Act, 2017.
(2) It shall come into force on such date as
the Government may, by notification in the
Official Gazette, appoint.
OFFICIAL GAZETTE — GOVT. OF GOA
SERIES I No. 42
(EXTRAORDINARY No. 2)
19TH JANUARY, 2018
1973
2. Amendment of section 24.— In section
24 of the Goa Land Revenue Code, 1968 (Act
No. 9 of 1969) (hereinafter referred to as the
“principal Act”), for the word “Collector”,
wherever it occurs, the word “Government”
shall be substituted.
3. Amendment of section 37.— In section
37 of the principal Act, for the words “Central
Government”, wherever they occur, the
words “Central Government or Government”
shall be substituted.
4. Insertion of new sections 37A and 37B.—
After section 37 of the principal Act, the
following sections shall be inserted,
namely:—
“37A. Confirmation of title to Alvara
land.— (1) Every person occupying the
land under the provisions of the Decree
No. 3602 dated 24-11-1917 shall make an
application in the prescribed form to the
Collector within a period of six months from
the date of commencement of the Goa Land
Revenue Code (Amendment) Act, 2017
along with all the documents to
substantiate that all the conditions laid
down in the said Decree No. 3602 dated
24-11-1917 have been complied with and
that he has a definitive title under the said
Decree to such land:
Provided that the Government may
direct the Collector to entertain the
application made beyond the said period
of six months if it is satisfied that the
applicant could not make application
within the said period for the reasons
beyond his control.
(2) The Collector shall after receipt of
application under sub-section (1) verify all
the documents submitted by the applicant
and after conducting such inquiry as he
deems fit, submit his report thereon to the
Government inter-alia stating as to
whether the applicant has definitive title
to the land occupied by him.
(3)
The
Government
may,
after
considering the report submitted by the
Collector under sub-section (2), either
approve or reject his report or give such
other direction to the Collector as it deems
fit in the matter. In the event the
Government finds that the applicant has
definitive title to the land, it may direct the
Collector to issue a certificate of
confirmation of the definitive title to the
applicant in the prescribed form.
(4) A person, whose application is
rejected under sub-section (3) or is
occupying
Government/Alvara
land
without the definitive title to such land
under the said Decree No. 3602 dated
24-11-1917, he shall apply for regularization
of such land, in the prescribed form along
with the prescribed fee, within a period
of thirty days from the date of such
rejection or six months from the date of
commencement of the Goa Land Revenue
Code (Amendment) Act, 2017, as the case
may be.
(5) The Collector shall after receipt of
application under sub-section (4) verify all
the documents submitted by the applicant
and after conducting such inquiry as he
deems fit, submit his report thereon to the
Government.
(6)
The
Government
may,
after
considering the report submitted by the
Collector under sub-section (5), either
direct the Collector to regularize such land
as occupant Class–II on payment of amount
as specified in sub-section (7) or reject the
application or give such other direction to
the Collector as it deems fit in the
matter.
(7) Notwithstanding anything contained
in any law for the time being in force, no
land referred in sub-section (4) shall be
regularized unless an amount equivalent
to the total value of the land calculated at
rupees 05/- per square meter has been
deposited with the Government.
(8) Where any person fails to comply
with the provisions of sub-section (1) or
OFFICIAL GAZETTE — GOVT. OF GOA
SERIES I No. 42
(EXTRAORDINARY No. 2)
19TH JANUARY, 2018
1974
(4) or his application is rejected under sub-
section (3) or (6), the Government/Alvara
land shall revert back to the Government
free from all encumbrances and the
Government shall be free to deal with
such land as it deems fit.
37B. Restriction on transfer of occupancy
of Land.— (1) Notwithstanding anything
contained in sub-section (4) of section 24
and section 37A, no person having
definitive title to land conferred under
section 37A and/or classified as occupant
Class – I under section 24 shall transfer
the said land to any person without
remitting to the Government ten percent
of the prevailing market value of such
land as on the date of such transfer
or proceeds of such transfer, whichever is
higher.
(2) The transfer of occupancy of the land
in contravention of provision contained in
sub-section (1) shall be null and void.
5. Substitution of section 38.— For section
38 of the principal Act, the following section
shall be substituted, namely:—
“38. Regularisation of encroachments.—
Nothing contained in section 37 shall
prevent the Government, if the person
making the encroachment so makes
request, to charge the said person a sum
not exceeding five times the value of the
land so encroached upon and to grant the
land to the encroacher on such terms and
conditions as the Government may impose
subject to rules made in this behalf; and
then to cause the said land to be entered
in land records in the name of the such
person as Occupant–Class II:
Provided that no Land shall be granted
as aforesaid, unless a public notice of
intention so to do is given, and any
objections or suggestions which may be
received before granting the land as
aforesaid are considered. The expenses
incurred in giving such public notice shall
be paid by the person making the
encroachment; and on his failure to do so
on demand within a reasonable time, shall
be recovered from him as an arrear of land
revenue.”.
6. Amendment of section 39.— In section
39 of the principal Act, in sub-section (1),
for the expression “(except Alvara holder
and person in occupation of Land before the
appointed day)” shall be omitted.
7. Amendment of section 40.— In section
40 of the principal Act, for the words “Central
Government”, wherever they occur, the
words “Central Government or Government”
shall be substituted.
Secretariat,
SUDHIR MAHAJAN,
Porvorim-Goa.
Secretary to the
Dated: 19-1-2018.
Government of Goa,
Law Department
(Legal Affairs).
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