The Gold Bonds (Immunities and Exemptions) Act, 1993

The Gold Bonds (Immunities and Exemptions) Act, 1993 was enacted to provide immunity from seizure by the Central Government and certain State Governments of gold bonds belonging to certain persons, as well as exemptions from various taxes on such gold bonds. The Act defines the categories of persons who are eligible for such immunities and exemptions, as well as the conditions under which such immunities and exemptions may be granted. The Act also sets out the procedures for making applications for such immunities and exemptions, and provides for the consequences of false statements and non-compliance with the provisions of the Act.