Permissible investments for charitable trusts include government securities, bank deposits, public sector investments and specified bonds. Permissible investments for charitable or religious trust funds under Section 11(5) read with Rule 17C include immovable property; Government Savings Certificates; Post Office Savings Bank and scheduled/cooperative bank deposits; units of UTI and mutual funds; Central and State Government securities; government guaranteed corporate debentures; investments or deposits in public sector companies (with a three year transitional validity if the company ceases to be public sector); specified bonds and deposits with financial corporations, housing and urban infrastructure finance entities, IDBI, depositories, recognised stock exchanges, incubators, National Skill Development Corporation, infrastructure finance companies, sovereign gold bond stock certificates, and specified payment system related equity or debt.
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.
Permissible investments for charitable trusts include government securities, bank deposits, public sector investments and specified bonds.
Permissible investments for charitable or religious trust funds under Section 11(5) read with Rule 17C include immovable property; Government Savings Certificates; Post Office Savings Bank and scheduled/cooperative bank deposits; units of UTI and mutual funds; Central and State Government securities; government guaranteed corporate debentures; investments or deposits in public sector companies (with a three year transitional validity if the company ceases to be public sector); specified bonds and deposits with financial corporations, housing and urban infrastructure finance entities, IDBI, depositories, recognised stock exchanges, incubators, National Skill Development Corporation, infrastructure finance companies, sovereign gold bond stock certificates, and specified payment system related equity or debt.
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