Such gold would, as far as possible, be in an easily marketable form such as TT bars, 1 kg. Bars, 500/100 gms, bars etc. Crude gold/jewellery will be converted by Customs Department to .999/995 purity before delivery to the Bank for sale
This reduced gross exposure level is maintained for a period of four settlement. If the cumulative funds shortages for the next 4 settlements is less than 20% of BMC, the exposure limits shall be restored.
A company may act suo-moto to elect a small shareholders’ director from amongst small shareholders or upon the notice of small shareholders, who are not less than 1/10th of total small shareholders and have proposed name of a person who shall also be a small shareholder of the company.
Every company referred to in rule 3 shall maintain a register as required under section 150 of the Act containing the particulars of differential rights to which the holder is entitled to.
