The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the introduction of the Indian Trusts (Amendment) Bill, 2014 in the current session of Parliament to amend section 20 and 20A of the Indian Trusts Act, 1882.
The amendments are intended to provide the trustees greater autonomy and flexibility to take decisions on investment of trust money. This would enable the Central Government to notify securities or class of securities, for investment by trusts and to remove the outdated provisions occurring in section 20 of the Indian Trusts Act, 1882.
Indian Trusts (Amendment) Bill, 2014
Last updated: 06 December 2014
Follow on
Google News
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Comments
Recent News :
- GSTN Revises Amendment of Aggregate Annual Turnover (AATO) Amendment Timeline for FY 2025-26
- ICAI Celebrates 78th CA Day 2026, Highlights AI, Ethics, Global Growth and Viksit Bharat Vision
- ICAI Makes Peer Review Process Digital, Introduces New PRB Web Portal
- Govt Extends Customs Duty Exemption on Critical Petrochemical Imports Till July 15, 2026
- Centre Notifies New Excise Duty Rates on Petroleum Products Effective 1st July 2026
- GSTAT Appeal Filing Deadline Extended Till 31st July 2026
- ICAI Strengthens AI Push with Sarvam AI Partnership and New AI Certification Course
- RBI Issues Credit Derivatives Master Direction 2026
- CBDT Notifies University of Hyderabad and PHFI as Approved Scientific Research Institutions Under Income Tax Act, 2025
- MCA Releases Corporate Mitra Scheme Guidelines 2026
Popular News
- MCA Releases Corporate Mitra Scheme Guidelines 2026
- GSTN Issues Advisory on e-Invoice API and e-Way Bill by IRN API Changes Effective from 1st August 2026
- MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026
- ICAI Strengthens AI Push with Sarvam AI Partnership and New AI Certification Course
- Income Tax Department Enables Online Challan Correction Facility
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
