THE GOLD BONDS (IMMUNITIES AND EXEMPTIONS) ACT, 1993 :
[25 OF 1993]
An Act to provide for certain immunities to the subscribers of the Gold Bonds and for certain exemptions from direct taxes in relation to such Bonds and for matters connected therewith or incidental thereto.
WHEREAS with a view to mobilising the idle gold resources of residents in India, it is expedient to provide for certain immunities and exemptions to render it possible for such residents to subscribe to Gold Bonds;
BE it enacted by Parliament in the Forty-fourth Year of the Republic of India as follows : —
Short title and commencement.
Section – 1.(1) This Act may be called the Gold Bonds (Immunities and Exemptions) Act, 1993.
(2) It shall be deemed to have come into force on the 31st day of January, 1993.