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of <h1>Finance Bill 2017 Amends Indian Trusts Act, 1882: New Investment Rules for Trustees Under Section 20</h1> Clauses 129 and 130 of the Finance Bill, 2017 propose amendments to section 20 of the Indian Trusts Act, 1882, concerning the investment of trust money. The amendments allow trustees to invest trust money in securities authorized by the trust instrument or specified by the Central Government. The requirement for consent from a person entitled to trust income for life or a greater estate before making such investments is retained, but the reference to specific securities is omitted. These changes will take effect on a date appointed by the Central Government through notification in the Official Gazette.
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