Investment scope widened: maturity proceeds must be reinvested in Central and State Government securities under amended rule. Amendment to Rule 9 inserts authority to invest 'or in any other instrument' alongside State Government Securities and omits the proviso to sub rule (1). It substitutes sub rule (10) to require that amounts received on maturity be reinvested in Central Government and State Government securities issued per sub rule (3), and that suitable accounting entries referred to in sub rules (5) and (6) be made by the designated accounting authority.
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 scope widened: maturity proceeds must be reinvested in Central and State Government securities under amended rule.
Amendment to Rule 9 inserts authority to invest "or in any other instrument" alongside State Government Securities and omits the proviso to sub rule (1). It substitutes sub rule (10) to require that amounts received on maturity be reinvested in Central Government and State Government securities issued per sub rule (3), and that suitable accounting entries referred to in sub rules (5) and (6) be made by the designated accounting authority.
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