NSE notified regarding the Issuance and Subscription of Sovereign Gold Bond 2023-24

Sep 11, 2023 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Stock Exchange (NSE) on September 08, 2023, issued the Sovereign Gold Bond 2023-24 – Issuance and Subscription – Series II

The following has been stated namely: -

• The facility for issuance and subscription of SGB 2023-24-Series II shall be available from September 11, 2023.

• The parameters for the same have been stated in the notification

• Trading members participating in SGB subscriptions are required to maintain an active clearing bank and depository account with NSE Clearing Limited to facilitate funds/security settlement

• The Direct Investor Payment Facility has been discontinued.

• Every application for Demat/Physical mode must be accompanied by PAN only.

Please refer to the notification for more details

 

[Notification No. NSE/IPO/58327]


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