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Panaji, 17th September, 2020 (Bhadra 26, 1942)
SERIES I No. 25
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. 200.00 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
(PDO) Fort, Mumbai - 400 001 by auction in
the manner as prescribed in paragraph 6.1
Suggestions are welcomed on e-mail: dir–[email protected]
EXTRAORDINARY
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 September 22, 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 September 22, 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 a.m.
(b) The non-competitive bids shall be
submitted electronically on the Reserve
OFFICIAL GAZETTE — GOVT. OF GOA
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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
September 23, 2020.
Method of Payment
6. Successful bidders will make payments
on September 23, 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
September 23, 2020.
Date of Repayment
8. The loan will be repaid at par on
September 23, 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 March 23 and
September 23.
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.
Puneet Kumar Goel, Principal Secretary
(Finance).
Porvorim, 17th September, 2020.
Department of Law
Legal Affairs Division
__
Notification
8/10/2020-LA
The Goa (Regulation of House Building
Advance) Ordinance, 2020 (Ordinance No. 10
of 2020) which has been promulgated by the
Governor of Goa on 12-09-2020, is hereby
published for general information of the
public.
Smita R. Chandwani, Joint Secretary
(Law).
Porvorim, 17th September, 2020.
______
The Goa (Regulation of House Building
Advance) Ordinance, 2020
(Ordinance No. 10 of 2020)
Promulgated by the Governor of Goa in the
Seventy first year of the Republic of India.
Ordinance
An Ordinance to regulate House Building
Advance and to cancel/abolish existing House
Building Advance Scheme and for matters
connected and incidental thereto.
Whereas, the Legislative Assembly of the
State of Goa is not in session and the Governor
of Goa is satisfied that 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:—
1. Short title and commencement.— (1) This
Ordinance may be called the Goa (Regulation
of House Building Advance) Ordinance, 2020.
(2) It shall be deemed to have come into force
on the 15th day of May, 2020.
2. Definitions.— In this Ordinance, unless
the context otherwise requires,
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(a) a ‘Appointed date’ means the date on
which this Ordinance came into force.
(b) ‘beneficiary’ means a Government
Servant who on the appointed date has
already been disbursed, either in part or in
full, the House Building Advance, the
repayment of which along with the interest
thereon is outstanding;
(c) ‘Government’ means the Government
of Goa.
(d) “House Building Advance” means
House Building Advance admissible to
beneficiary under the House Building
Advance Rules/Scheme followed by
Government.
(e) “Sanctioning Authority” means Head
of the respective Government Department,
who has sanctioned House Building
Advance to the beneficiary;
(f) ‘Drawing and Disbursing Officer’
means Head of Department/Head of office
or an Administrator and also any other
Gazetted Officer so designated by a
Department of the Government of Goa.
3. Cancellation/abolition of the House
Building Advance Scheme.— Notwithstanding
anything contained in any judgment, decree
or order of any court, tribunal or other
authority, or any law, rule, regulation, bye-
law, scheme, document, contract or
instrument to the contrary, the House Building
Advance admissible to beneficiary shall stand
cancelled/abolished with effect from the
appointed date.
4. Effect of the Abolition.— (1) Notwith-
standing anything contained in any judgment,
decree or order of any court, tribunal or other
authority, or any law, rule, regulation, bye-
law, scheme, document, contract or
instrument to the contrary, every beneficiary
shall be charged interest at the prevailing bank
rate on and from the appointed date and the
Government shall not be liable to pay any
amount whatsoever on such House Building
Advance:
Provided that every beneficiary shall be at
liberty to shift/transfer his loan account from
the Bank of India to any other bank/financial
institution of his/her choice within a period of
one year from the date of coming into force of
this Ordinance.
(2) The Deed of mortgage or any other
charge or surety created or executed in favour
of the Government by the beneficiary shall
stand transferred in favour of the bank/
financial institution with effect from the
appointed date.
(3) The monthly instalments payable by the
beneficiary to Bank of India shall continue to
be deducted at source from the salary of the
beneficiary by the sanctioning authority/
Drawing and Disbursing Officer and paid to
Bank of India.
(4) Save as provided hereinabove, on and
from the appointed date the Government shall
not be liable or responsible, in any manner, in
respect of the payment of the monthly
instalment by the beneficiary.
(5) Notwithstanding anything to the
contrary contained in any other law for the
time being in force, the Government shall not
be liable to pay the beneficiary any amount or
compensation of whatsoever nature for any
loss, financial dues, hardship, damage etc., if
any, incurred or experienced by the
beneficiary on account of cancellation/
abolition of the House Building Advance
Scheme.
(6) All Applications pending consideration
under the House Building Advance Scheme
shall stand rejected with effect from the
appointed date.
5. Protection of action taken pursuant to
circular.— The Circular bearing No. 7/26/2020-
-Fin(DMU)/1158, dated 3rd June, 2020 issued
by the Finance Department, Government of
Goa, shall have effect from the appointed date
and all action taken pursuant to the said
circular shall be deemed to be valid and
proper.
6. Resumption of the House Building
Advance Scheme.— The Government may, at
any point of time, by notification in the Official
Gazette resume the cancelled House Building
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Advance Scheme under this Ordinance or
frame new House Building Advance
Scheme on such terms and conditions as it
deems fit:
Provided that, the power to resume or frame
a new House Building Advance Scheme, shall
also include the power to withdraw such
Scheme at any point of time, depending upon
the financial exigencies of the Government.
7. Bar on institution of legal proceedings.—
No suit, prosecution or other legal proceedings
shall be maintained against the Government
or any of its Officers or persons duly appointed
or authorised by it in respect of any action or
any order or direction issued or taken or
purported to be issued or taken under the
provisions of this Ordinance including on the
directions/executive Instructions issued under
the Circular bearing No. 7/26/2020-Fin(DMU)/
1158 dated 3rd June, 2020.
8. Power to remove difficulties.— (1) If any
difficulty arises in giving effect to the
provisions of this Ordinance, the Government
may, by a general or special order, make such
provisions not inconsistent with the provisions
of this Ordinance, as may appear to it to be
necessary or expedient for the purpose of
removing the difficulty:
Provided that, no such order shall be made
after the expiry of the period of two years from
the commencement of this Ordinance.
BHAGAT SINGH KOSHYARI
Governor of Goa.
Place: RAJ BHAVAN,
Dated: 12-9-2020.
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