Permitted investments for charitable trusts include approved government securities, regulated financial instruments, banks, mutual funds and specified equity. The schedule prescribes authorised investments for charitable or religious trusts: government and small savings instruments; Post Office, scheduled bank and cooperative bank deposits; specified public sector, statutory and regulated financial bonds and debentures including government guaranteed obligations; units of specified mutual funds and Unit Trust; approved equity and debt investments by designated entities engaged in housing, infrastructure, payments, incubator or securities market activities; immovable property; certain legacy corpus assets and bonus accretions; and time limited treatment for assets that cease to meet specified forms.
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.
Permitted investments for charitable trusts include approved government securities, regulated financial instruments, banks, mutual funds and specified equity.
The schedule prescribes authorised investments for charitable or religious trusts: government and small savings instruments; Post Office, scheduled bank and cooperative bank deposits; specified public sector, statutory and regulated financial bonds and debentures including government guaranteed obligations; units of specified mutual funds and Unit Trust; approved equity and debt investments by designated entities engaged in housing, infrastructure, payments, incubator or securities market activities; immovable property; certain legacy corpus assets and bonus accretions; and time limited treatment for assets that cease to meet specified forms.
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