NEW DELHI: The government is considering an overhaul of the Indian Trusts Act, 1882, which would allow more flexibility to trusts in their investment decisions. The move is aimed at making the pre-independence law more contemporary. At present, registered trusts can invest their funds either in securities notified by the government or authorised by the trust’s charter or under a high court ruling. This holds true even for AAA-rated bonds.
Read More
Wednesday, September 12, 2007
Trusts likely to get more leeway in investments
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment