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Permitted investment modes for registered non profit organisations restrict holdings to specified government, bank, public sector and approved securities. Schedule XVI specifies the exclusive permissible investment or deposit forms for a registered non profit organisation under section 350, including Government savings certificates and small savings securities; Post Office and scheduled bank deposits; Unit Trust units; Central and State Government securities; government guaranteed debentures; investments in public sector companies and specified bonds for long term industrial, housing and urban infrastructure finance; immovable property; specified mutual fund units; transfers to the Public Account of India; certain equity investments by recognised exchanges, payments system entities and incubators; and specified legacy corpus assets.
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Provisions expressly mentioned in the judgment/order text.
Permitted investment modes for registered non profit organisations restrict holdings to specified government, bank, public sector and approved securities.
Schedule XVI specifies the exclusive permissible investment or deposit forms for a registered non profit organisation under section 350, including Government savings certificates and small savings securities; Post Office and scheduled bank deposits; Unit Trust units; Central and State Government securities; government guaranteed debentures; investments in public sector companies and specified bonds for long term industrial, housing and urban infrastructure finance; immovable property; specified mutual fund units; transfers to the Public Account of India; certain equity investments by recognised exchanges, payments system entities and incubators; and specified legacy corpus assets.
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