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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2017 Chapters List Part I AMENDMENTS TO THE INDIAN TRUSTS ACT, 1882 This

Clause 130 - Amendment of section 20 of Act 2 of 1882. - FINANCE BILL, 2017

FINANCE BILL, 2017
Part I
AMENDMENTS TO THE INDIAN TRUSTS ACT, 1882
  • Contents

Amendment of section 20 of Act 2 of 1882.

130. In section 20 of the Indian Trusts Act,1882 [as substituted by section 2 of the Indian Trusts (Amendment) Act, 2016 (34 of 2016)],––

(i) for the words “invest the money in any of the securities or class of securities expressly authorised by the instrument of trust or”, the words “make investments as expressly authorised by the instrument of trust or in any of the securities or class of securities” shall be substituted;

(ii) in the proviso, the words “in any of the securities or class of securities mentioned above” shall be omitted.

 
 
 
 

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