473
Panaji, 10th July, 2020 (Asadha 19, 1942)
SERIES I No. 15
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
5-7-2020-Fin(DMU)
Government of Goa hereby notifies the sale
of Goa Government Stock (Securities) of
10-year tenure for an aggregate amount of
Rs. 100.00 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. 1-45-2005/Fin
(DMU)/572 dated April 25, 2017 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. 1-45-2005/Fin
(DMU)/572 dated April 25, 2017 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 July 14, 2020. 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 July 14, 2020.
(a) 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
11:30 p.m.
OFFICIAL GAZETTE — GOVT. OF GOA
SERIES I No. 15
(EXTRAORDINARY No. 2)
10TH JULY, 2020
474
(b) 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
11.00 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
July 15, 2020.
Method of Payment
6. Successful bidders will make payments
on July 15, 2020 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
July 15, 2020.
Date of Repayment
8. The loan will be repaid at par on
July 15, 2030.
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 January 15 and
July 15.
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, Commissioner-cum-
-Secretary (Finance).
Porvorim, 10th July, 2020.
———ttt———
Department of Law
Legal Affairs Division
__
Notification
8/2/2020-LA
The Factories (Goa Amendment) Ordinance,
2020 (Ordinance No. 9 of 2020), which has
been promulgated by the Governor of Goa
on 07-07-2020, is hereby published for the
general information of the public.
Dnyaneshwar Raut Dessai, Joint Secretary
(Law)-III.
Porvorim, 10th July, 2020.
______
The Factories (Goa Amendment)
Ordinance, 2020
(Ordinance No. 9 of 2020)
Promulgated by the Governor of Goa in the
Seventy-first Year of the Republic of India.
An Ordinance further to amend the
Factories Act, 1948 (Central Act 63 of 1948),
as in force in the State of Goa.
Whereas, the Legislative Assembly of Goa
is not in session and the Governor of Goa is
satisfied that the circumstances exist which
render it necessary for him to take immediate
action.
Now, therefore, in exercise of the powers
conferred by clause (1) of article 213 of the
Constitution of India, the Governor of Goa is
pleased to promulgate the following
Ordinance, namely:—
OFFICIAL GAZETTE — GOVT. OF GOA
SERIES I No. 15
(EXTRAORDINARY No. 2)
10TH JULY, 2020
475
1. Short title and commencement.— (1) This
Ordinance may be called the Factories (Goa
Amendment) Ordinance, 2020.
(2) It shall come into force at once.
2. Amendment of section 2.— In section 2
of the Factories Act, 1948 (Central Act 63 of
1948), as in force in the State of Goa
(hereinafter referred to as the “principal
Act”), in clause (m),—
(i) in sub-clause (i), for the words “ten or
more workers”, the words “twenty or more
workers” shall be substituted;
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(ii) in sub-clause (ii), for the words
“twenty or more workers”, the words
“forty or more workers” shall be
substituted.
3. Amendment of section 85.— In section 85
of the principal Act, in sub-section (1), in
clause (i), for the words “ten” and “twenty”,
the words “twenty” and “forty” shall be
respectively substituted;
Place: Raj Bhavan, Goa.
SATYA PAL MALIK
Date: 7-7-2020
Governor of Goa.