Panaji, 1st October, 2020 (Asvina 9, 1942) SERIES I No. 27 PUBLISHED BY AUTHORITY
EXTRAORDINARY
GOVERNMENT OF GOA
Department of Finance
Revenue & Control Division __
Notification
38/1/2017-Fin(R&C)(04/2020-Rate)
In exercise of the powers conferred by sub- -section (3) and (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15
and section 148 of the Goa Goods and
Services Tax Act, 2017 (Goa Act 4 of 2017),
the Government of Goa, on being satisfied
that it is necessary in the public interest so
to do, on the recommendations of the
Council, hereby makes the following
further amendments in the Government
notification No. 38/1/2017-Fin(R&C)(12/2017-
-Rate), dated 30th June, 2017, published in
the Extraordinary Official Gazette No. 3,
Series I No. 13, dated the 30th June, 2017,
namely:—
In the said notification, in the Table,—
(i) against serial number 19A, in the entry in column (5), for the figures "2020", the figures "2021" shall be substituted;
2. This notification shall come into force with effect from the 1st day of October, 2020.
By order and in the name of the Governor
of Goa.
Pranab G. Bhat, Under Secretary, Finance
(R&C).
Porvorim, 1st October, 2020.
———t———
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.
OFFICIAL GAZETTE — GOVT. OF GOA SERIES I No. 27 (EXTRAORDINARY) 1ST OCTOBER, 2020Method 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
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 October 06, 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 October 06, 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
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
October 07, 2020.
Method of Payment
6. Successful bidders will make payments on October 07, 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
October 07, 2020.
Date of Repayment
8. The loan will be repaid at par on
October 07, 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 April 07 and October 07.
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, 1st October, 2020.