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        Companies Law

        Investment of fund moneys in fixed deposit

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        Investment of provident fund moneys in fixed deposits permitted with scheduled bank under section 418(1)(a)(ii). Trustees of a company constituted provident fund are authorized to place fund moneys in fixed deposits with a scheduled bank as a permissible form of investment under the statute, treating fixed bank deposits as an acceptable vehicle for holding provident fund assets within the statutory investment framework.
                          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.

                                Investment of provident fund moneys in fixed deposits permitted with scheduled bank under section 418(1)(a)(ii).

                                Trustees of a company constituted provident fund are authorized to place fund moneys in fixed deposits with a scheduled bank as a permissible form of investment under the statute, treating fixed bank deposits as an acceptable vehicle for holding provident fund assets within the statutory investment framework.


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