Investment of Equity Linked Saving Funds

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Full Text of the Document

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....partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of twelve months. (b) It shall be ensured that funds of a plan shall remain invested to the extent of at least eighty per cent in securities specif....