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~D.GOA.sl
Panaji, 1st April, 1,997 (ChaRra 11, 1919)
·OFFICIAL
844 OFFICIAL GAZETTE -GOVT. OF SERIES I No. 52 ( EXTRAORDINARY No.4) A
(iii) Printed copies of the application form may be obtained from any of the Reserve Bank ofIndia and branches of the State
Bank of India and its to in paragraph 6.
6. Receiving O!fices;-(i). Applications will be received at
.
.,
eofficesoftheReserveBankofIndiaatAhmedabad,Bangalorc,"<,
H"V"V~"~U
"
(
a
)
t
h
Calcutta, Chennai, Guwahati, Hyderabad, Jaipur,
Kanpur,
New Delhi, Patna and Thiruvananthapuram.
(b) branches oUhe State Bank of India and its Associates as per -II.
In case,for any particular issue, the receiving office/s is/are restricted to centres, irwill be armouncedas part
of SpeCific Loan Notification.
Oi) FIls, NRIs and Qverseas Corporate bodies predominantly owned should submit their applications through the
designated banks which have been by the Reserve Bank ofIndia to act as<a banker to FHs or authorised to in Exchange'
as the case maybe; It should, however, be ensured that the applications are at the offices mentioned in sub-paragraph (i)
above on the specified date.
7. Date ofsubscription.-Subs<:;rlptions will be' received upto the close hours on the date, as mentioned'in the
Specific Loan Notification. In the event of date being . declared a holiday by any State Government under the Negotiable
Instnnnen1,,; the subscriptions wiIlbe received at the concerned receiving offices in that the
..",close of banking htmrs on ~he next working day .
.
, 8.~Payment fortheLoans.-Application for the Loans should be by necessary payment in the form of cash or bank
draft/cheque payable at the .. applic,atiorl is tender:ed. Cheques tendered at offices of the Re;et:ve BankofInd iii,
,,~.u,.,'''~,,~~ branches'OfState B.ank of India and its Associates as per Annexure II referred tc) in clause
, (b) of sub~pafa (i) ofparagt!lph 6 should be drawn in favour of the bank concerned. a cheque istendered'towards payment
ofamount of SUbscription forthe will not be'delivered to the applicant till the amount of cheque is realised.
.
~
9. Allotment-::-: (iJ All applicants,'subscribing Rs. 30,000/-or less will recei ve full allotment.
(ii) Ifthe totalofsubscription exceeds, the amount of issue specified in the Notiflcati6n, partiafallotment
maybe ll1.ade to subscribers. Accordingly. tions fromtlle same party will be combined and ir~ated as .one
will
for purpose of Partial allotment
beplade to the subscribers, except to-those applicants who full
allotmentasprovidedin sub paragraph (i)apove. The amount ofexcess
. be refunded to ilierespective subscribers as soon as possible and no interest \vill be
1 ,. •
,
_
, ".' • ~
the amount so' refunded:
1\
10. IssuePrice.-The loans will be issued at par, i.e. at Rs. for eVt~ry Rs. 1,000/-(nominal) of the Loan applied for.
1.
Reissue ofLoans.-All State DevelopmeQt Loans bearing the same coupon and maturing during the same financial year (April-March), issued by
Govennnent of (loa different dates in a particularfinanci,al year will be considered as reissue of such Loan first issued during the financial year.
Further, interest due dates and date ofrepayment of reissues will be same asthat ofthe Loan first issued during tp,e financial year beari n g the same
(OUPOD rate and having identical maturity.
2.
Form of security.-The. loans will be issued to the investors jo their Subsidiary General Ledger Account maintained with Reserve Bank of Iudi a or
in the form of .stock Certificaie.
.¥
~.
ngalore, Bhubaneswar, Calcutta, ".U\."",u Hyderab~d,Jaipur, Kanpur; Mumbai, Nagpur,
.
(
ii)
Int
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ll
be
pai
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at
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br
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in
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in
the
St
ate
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Of
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Ba
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In
dia
at
Ah
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ba
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New Delhi, Patna and
14. Brokerage.-Brokerage will be paid aUhe rate of six paIse per Rs. rate notified in
future to recognised banks and brokers' on allotments made applications for the loan
tendered by them on behalf oftheir clients
.;
15. Commissiol1..-The commission at the rate of six paise pel' Rs. to banks, Lifelnsurance
Corporation ofIpdia, General Insurance its subsidiaries, PtovidedtFunds and Gratuity
Funds which are not ~,."H"'~ only if their applications are submitted by them direct to the
receiving offices
16. Public Debt Office.-The parent Public Debt. Office will be located Reserve . Bank of
India, Mumbai ..
'. 17: TransjeriilJtfity ojState Development Loans. -(i) The ""''"'UBI!.!'''' subdiyided,
consolidated and transferred by the holder in accordance with the the Public Debt A«t,
1944and Public DebtRules, 1946 framed thereunder and terms of this notification and
a!1yfurther Notification which may b~e issued by the Govel'nmimt ofGoa
, from time to tiIne in this behalf.
' .. (ii) Theconvetsion ofthe security issued pertaining to 'the Loa:n from one form to the
other will be subjectto'the r~strictionwith respect to the forms in which the L,oans shall
issued.
_ t \l
, . (iii) The transfer of the security by FIls, will be subject to SEBI (FlIs') those ofNRIS and
Overseas Corporate bOdies predominantly owned byNRIs will to RBI gUidelin~s.
18: Applicability oj Tax Laws . ......:.. The value of investments in the the interest
thereon andbrokerage paid on the investment in terms Of the provisions ofthis
notification will be governed by the provisions of tax. laws 'as applicable from time to
tirne .
.19. Laws applicable to the State Devdopmem Loans.-The rights relation to securities
pertaining to State Development Loans shall be dp!'pnm connectionwith all suchquestions as
aredeaIt with: by the Public Debt Act, Debt Rules, 1946 read with the teons of this
notification and' any other ~nh,~p.,,,, notification which the Government ofGoa may is~uein
th
is
b
e
h
al
f
a
n
d
in
th
e Co~rtsof India.
20. Governmentof Goa will have the right t~ amend or delete wholly or any this
Notification. .
By order and in the name
Goa,
or the Governor of
Secretary to the Government of Goa
Finance Departmept.
846 OFFICIAL GAZETTE -GOVT. OF GOA SERIES I· No. 52 ( EXTRAORDINARY No.4)
ANNEXURE
FORM OF APPLICATION " ................ per cent Goa State Developnient
Loan ................. .
......... : ..................... : .......... : .......................................... ............. . $$ [ (Full name (s)in Block LettersJ ............................................................ : ................;:.....; .....
Ion behalf of herewith tender *Cash/Chequelbank draft for Rs. ..... ....... .............. .............. (Rupees ............ ; ..... :.-....................................... ,,:. :> '@ *
'Securities of ................................ per cent ....... : ............... : .... :::.............................. , .. of the nominal value of Rs.......................... . (Rupees :.~'..;..,
........................... ; .................................................................................... . and request.that securities. of the .......... ; .............................................................
: ........... . cent Goa
Loan, ................. ; ............................ , ........... ; ........ ; ....... of the nominal value of Rs. may be issued to "'me/us in the of "'Stock
*my/gur S. G.L. Account.
2. * IfWedesirethat interest be paid at
3. IfWebavereag the terms arid conditions governing the Issuance of ............................ . . Development Loan, .................... :
............................. ; ..... : .......................... and undertake tg
and conditions .~.inclu.ded in the prescribed form of application. .
N. B. ;-The applicant should not write anything in this cage. The entries will be filled' in by the Public Debt Office
Application No.
N.B. Stamp. Cash received on Cheque realised on Credited to Special Current Account on ... Examined CaSh applications Register posted Brokerage
Register posted Indent No.
Scrip No. Card No. Voucher passed on
* Delete what is not required
@ .Applicable
when conversion offer is made in respect of a security. $$ Ifthe application IS on behalf of a constituent, indicate the name of the constituent.
DateInitials
~--------
----- 1-'---.-.. -c..." ._._c___·_. -·-c-·--
--~---"-'-"
~.-.-
-.
--_.--_._-_._-_.
.___-,_.. ~.___________~_..L_"_. _~___
----;:----.--1-;. -.-..--.-.--}-----'----..--
-----.------"--'-"-'-'---'-C--.. ----..---.-. -------"
i------·-c-·---·
-" ·-·----1
1---.-------.-.--1-.-.----.
Sign,aturelthumb
Name in full . (Block Letters)
Profession :
!Money
(Please specify) (* Delete item" applicahle) Address:
...
Witness (if "'j'~"H.. ,",' ilIiteral f 1 i) " ........ . ii) .......... .
I'
OFFICIAL·'GAZETTE -GOVT. OF GOA SEJ?JES I No. 52 ( EXTRAORDINARY No.4)
~~--~----~~------------------~-------
Notes:
(1) If the applicant's signature is by thumb mark, it should be witnessed by two persons. The fill! updions and witnesses should be appended to their signatures .
.IIil (2) Wben.a loan is offered forconversion in the Specifit Notification, Securitie's tendered for : "Pay to ·the -Governor of Goa" over the
signature of the applicant/s, if they are in the form of reverse should be. signed by himlthem before a witness, if they are in the form· of
St?ck Certificates.
(3) If the appli'cation is made in the name of registered body, the undernoted documents, if !lot already .,d at the Pub], should be enclosed with the investment application;
(i) Certific;te of Inc~rporation/Re~istration in original or a copy thereof certified as true by lit"..,thority under
of
(ii) Certified copy
Memorandum and Articles of Association or the Rules and Regualtions/Bye·la.tiC' he Company/Rd.,.
(iii) Certified copy of resolution in favour of the person(s) authorised to deal in Government behalf of the together with his/their duly attested ,specimen signature(s).
(4) Applicantshould also .. complete a mandate form (obtainable from Public Debt Office) for transmission ,ilf-yearly to
Terms and Conditions l~ The loans. will be issqed for a minimum amount of Rs. 1,000 (Face Value) and in multiples
!here~)f.
2. ,~The·loans wlU .beissed to the investors by 6~edit to their Subsidiary General Ledger Account maintained Reserve Bank Indi, the form of Stock Certificate. .
ANNEXE
SPECIMEN OF SPECIFIC LOAN NOTIFICATION
,
GOVERNMltNT'OF GOA FINANCE DEPARTMENT Notification No.: Date: ......
Government of Goa hereby notifies t~e issue of .......................... per cent ............... . s .................... : ...... , ........ .'................................................ ~
........ of .............................. . , year tewlre for an !!ggregate amount of Rs.....................: ................ ,.~ ............ crore (nominal).
ObJect of the Loan .. ·1.Ci)
>
............, ...........................................................; ......................: ........................
(ii) The consent of Central GoVernment has been obtained to the fIoatationof this Loan as
rticle 293
(3) of the Constit!ltion of India: .
Nomenclature·
2. The Loan offered forsupscription is ................ per cent ................. State Development ... This will be the first/second/third ·etc. issue of this
Loan.
,
848 OFFICIAL GAZEITE -GOVT. OF SERIES I No. 52 ( EXTRAORDINARY No.4)
i
"
Date of issue
3. ' Applications and subscriptions' for the loan will be received on of issue of.the loan will be ........................... ..
"pate of repayment
4. The Loan will be repaid at par on
Rate of interest .
5. The Loan will bear interest at ..................... per-cent per annum from
*(Intetest for the period from ............ to .......... ,;..... (inclusive) will be paid on ........... .
00.,. ......
and will be paid on ..... ; ... ~.....................................~ and
..................... : ............................................. . with the of the Loan issued on .., ............... viz.............. ; ..
* (Applicable. in case of reissues only )
. Other terms an4 conditions
6. The '?ther terms and conditions will be as per the provisions contained in the Notification nmentof ....
00 ••
No. .................... : ... ~. dated ....... ; ......... : ....... .
By order and in the name r,ovemor of
of Goa
Secret~ to
the
Finance
ANNEXUREGOA STATE .B:mks authorised to accept State Loans subscription N arne of the Bank Addresses
L State BankofIndia ,
18th June No. Goa -403 001.
2.
(loa.
'. GOVERNMENT PRINTING PRESS, PANAJI -GOA~ . PRICE -Rs. 3.00