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of <h1>Trustees Can Invest in Certain Securities Per Section 20, Indian Trusts Act, 1882, with Conditions on Pricing and Redemption.</h1> A trustee is permitted to invest in securities specified in section 20 of the Indian Trusts Act, 1882, even if they are redeemable and purchased at a price exceeding the redemption value. However, trustees cannot purchase securities mentioned in clauses (c) and (d) of section 20 at a price above their redemption value if they are redeemable within fifteen years. Additionally, such securities cannot be bought at more than fifteen percent above par or another fixed rate. Trustees may retain any redeemable stock, fund, or security purchased under these conditions until redemption.
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