Trust investment restrictions limit trustees to prescribed government or guaranteed securities while enforcing mortgage safeguards and beneficiary consent. Trustees must invest trust-money that cannot be immediately applied only in the Act's specified classes of securities: prescribed government or government guaranteed stocks and debentures; certain charged or issued India/United Kingdom stocks; guaranteed company or railway debentures; statutory municipal or public-body securities; first mortgages of immovable property subject to value and tenure safeguards; units of the national unit trust when authorized; or other securities expressly allowed by the trust instrument, Central Government notification, or High Court rules, observing applicable conditions and provisos.
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.
Trust investment restrictions limit trustees to prescribed government or guaranteed securities while enforcing mortgage safeguards and beneficiary consent.
Trustees must invest trust-money that cannot be immediately applied only in the Act's specified classes of securities: prescribed government or government guaranteed stocks and debentures; certain charged or issued India/United Kingdom stocks; guaranteed company or railway debentures; statutory municipal or public-body securities; first mortgages of immovable property subject to value and tenure safeguards; units of the national unit trust when authorized; or other securities expressly allowed by the trust instrument, Central Government notification, or High Court rules, observing applicable conditions and provisos.
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