GST Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Indian Trusts (Amendment) Bill, 2014

Posted on 06 December 2014,    
 17208    Share  Report

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enable the Central Government to notify securities or class of securities, for investment by trusts and to remove the outdated provisions occurring in section 20 of the Indian Trusts Act, 1882. 
 

Tags :


Comments



img

Trending Tags