https://www.taxtmi.com/news?id=614 Trustees holding trust money not immediately applicable must invest, subject to the trust instrument, only in securities or classes of securities expressly authorized by the instrument of trust or by Central Government notification. If a person competent to contract and entitled in possession to receive the income for life or a greater estate exists, written consent of that person is required for such investments, except where investments are in securities of the Government; securities fully and unconditionally guaranteed by Central or State Government are deemed government securities. en-us Wed, 08 Oct 2008 22:04:33 +0530 Wed, 08 Oct 2008 22:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=614 Trustees holding trust money not immediately applicable must invest, subject to the trust instrument, only in securities or classes of securities expressly authorized by the instrument of trust or by Central Government notification. If a person competent to contract and entitled in possession to receive the income for life or a greater estate exists, written consent of that person is required for such investments, except where investments are in securities of the Government; securities fully and unconditionally guaranteed by Central or State Government are deemed government securities. News - Wed, 08 Oct 2008 22:04:33 +0530 https://www.taxtmi.com/news?id=614