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Panaji, 1st October, 2020 (Asvina 9, 1942)

SERIES I No. 27

Reg. No. G-2/RNP/GOA/32/2018-2020

RNI No. GOAENG/2002/6410

PUBLISHED BY AUTHORITY

GOVERNMENT OF GOA

Department of Finance

Revenue & Control Division

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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;

(ii) against serial number 19B, in the

entry in column (5), for the figures “2020”,

the figures “2021” shall be substituted;

Suggestions are welcomed on e-mail: dir–[email protected]

EXTRAORDINARY

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

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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.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 27

(EXTRAORDINARY)

1ST OCTOBER, 2020

1178

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

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.

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