News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Circulars »
 Auction of Government of India Dated Securities August 19, 2019
 Emerging Challenges to Financial Stability (Shri Shaktikanta Das, Governor, Reserve Bank of India - Monday, August 19, 2019 - at FIBAC 2019 – the Annual Global Banking Conference organised by IBA and FICCI, Mumbai)
 Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019 – Acceptance of Deposits by issue of Commercial Papers
 Direct Benefit Transfer (DBT) Scheme – Implementation
 Clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20
 Here's how you can file your income tax this year ITR Filing
  RBI-Auction of Government of India Dated Securities August 09, 2019
 RBI-Edited Transcript of Reserve Bank of India’s Third Bi-Monthly Monetary Policy Press Conference
 RBI-Task Force on Offshore Rupee Markets submits report to the Governor
 Notification No. 56/2019 Central Board Of Indirect Taxes And Customs
  RBI-Statement on Developmental and Regulatory Policies

RBI-Private Placement of Special Securities of Jammu and Kashmir under UDAY scheme
October, 06th 2016

Jammu and Kashmir Government proposes to issue Special Securities of a notified amount of 1,397.55 crore, under the Ujjwal Discom Assurance Yojna Scheme (UDAY). Eligible market participants interested in subscribing to these Special Securities are advised to email their bids as per the format given below between 10.30 am to 12.00 noon on October 06, 2016 (Thursday).

Investor name Spread offered over corresponding year FIMMDA yield Amount to be subscribed
     

Allotment of securities and settlement will take place on October 07, 2016 (Friday). The terms and conditions of the issuance are as under:

  1. The Special Securities will have a face value of 100.

  2. Securities will be issued in equal strips with a maturity at the end of 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th and 15th year. An investor will be required to purchase entire structure and the bid amount will be uniformly distributed across all tenors.

  3. Minimum size of bid will be 100 crore.

  4. Base rate will be the yield on corresponding FIMMDA Government of India G-sec yield as at close of October 05, 2016.

  5. The uniform spread (with a cap of 75 bps over corresponding GoI FIMMDA yield) offered by the bidder will be added to the base rate to arrive at the coupon to be paid on semiannual basis.

  6. Successful bidders will be determined on the basis of competitive spread.

  7. The Reserve Bank of India will have the discretion to accept or reject any/all bids at its sole discretion.

It may be recalled that the Ministry of Power, Government of India on November 20, 2015 issued an Office Memorandum (No 06/02/2015-NEF/FRP) on “UDAY (Ujjwal Discom Assurance Yojna) Scheme for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs)”.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/862

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions