PERMITTED MODES OF INVESTMENT OR DEPOSITS

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....in any account with a scheduled bank or a co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a co-operative land development bank); (4) investment in units of the Unit Trust of India; (5) investment in any security for money created and issued by the Central Government or a State Government; (6) investment in debentures issued by, or on behalf of, any company or corporation both the principal whereof and the interest whereon are fully and unconditionally guaranteed by the Central Government or by a State Government; (7) investment or deposit in any public sector company subject to the condition that where an investment or deposit in any publ....

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.... Act, 1964 (18 of 1964); (13) investment in the units issued under any scheme of the mutual fund referred to in Schedule VII (Table: Sl. No. 20) or (Table: Sl. No. 21); (14) any transfer of deposits to the Public Account of India; (15) deposits made with an authority constituted in India by or under any law enacted either for the purpose of dealing with and satisfying the need for housing accommodation or for the purpose of planning, development or improvement of cities, towns and villages, or for both; (16) investment by way of acquiring equity shares of a depository as defined in section 2(1)(e) of the Depositories Act, 1996 (22 of 1996); (17) investment made by a recognised stock exchange refe....

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.... (51 of 2007), in the equity share capital or bonds or debentures of Open Network for Digital Commerce Ltd, being a company incorporated under section 7(2) read with section 8(1) of the Companies Act, 2013 (18 of 2013), for participating in network based open protocol models which enable digital commerce and interoperable digital payments in India; (20) investment by way of acquiring equity shares of an incubatee by an incubator; (21) investment by way of acquiring shares of National Skill Development Corporation; (22) investment in debt instruments issued by any infrastructure Finance Company registered with the Reserve Bank of India; (23) investment in "Stock Certificate" as defined in clause (c) of par....

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....in sub-paragraphs (1) to (30), where such asset is not so held up to one year from the end of the tax year in which such asset is acquired; (32) any funds representing the profits and gains of business, being profits and gains of any tax year relevant to the tax year commencing on the 1st April, 1984 or any subsequent tax year so, however, where it has any other income in addition to profits and gains of business, these provisions shall not apply unless it maintains separate books of account in respect of such business. 2. Interpretation.- For the purposes of this schedule,- (a) "long-term finance" means any loan or advance where the terms under which moneys are loaned or advanced provide for repayment along with intere....