Modes of investment for non-profit organisations must be limited to bank deposits, government securities, public sector, immovable property, and prescribed modes. Funds of a non-profit organisation must be invested or held during a financial year only in prescribed modes: deposits with the Post Office Savings Bank or scheduled banks; investments in Central or State Government securities; debentures guaranteed by Central or State Governments; investments or deposits in public sector companies; investment in immovable property; or any other mode as may be prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Modes of investment for non-profit organisations must be limited to bank deposits, government securities, public sector, immovable property, and prescribed modes.
Funds of a non-profit organisation must be invested or held during a financial year only in prescribed modes: deposits with the Post Office Savings Bank or scheduled banks; investments in Central or State Government securities; debentures guaranteed by Central or State Governments; investments or deposits in public sector companies; investment in immovable property; or any other mode as may be prescribed.
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