Government Resolution No. FD-2020/C.R. 4263 of the Finance Department, Government of Maharashtra dated 19th June, 2020 on the holding of Government bonds [N18-7DQ]

No. FD-2020/C.R. 4263

GOVERNMENT OF MAHARASHTRA

Finance Department, Government of Maharashtra

Mumbai, dated the 19th June, 2020

GOVERNMENT RESOLUTION

Subject: The holding of Government bonds by holders of a Government bond under the Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, regarding.

1. In the circumstances reported by the Pay and Accounts Officer, the Government of Maharashtra, after careful examination, hereby orders that every holder of a Government bond carrying on the holding of Government bonds shall furnish Form GFR 12-A to the Directorate of Treasuries within ninety days.

2. The matter has been examined. Every holder of a Government bond carrying on the holding of Government bonds shall make an application in Form GFR 12-A to the Directorate of Treasuries within ninety days, accompanied by a fee of one thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the holding of Government bonds is undertaken, and the Directorate of Treasuries shall dispose of it within ninety days of its receipt.

4. Difficulties, if any, in the implementation of this government resolution may be brought to the notice of the Finance Department, Government of Maharashtra.

(Secretary to Government)