Bare ActsThe Indian Trust Act, 1882

Section 20A

Power to purchase redeemable stock at a premium.

Amendment status not verified — confirm the current text below against the official source.

1 [20A. Power to purchase redeemable stock at a premium.-- (1) A trustee may invest in any of the securities mentioned or referred to in section 20, notwithstanding that the same may be redeemable and that the price exceeds the redemption value: 2 * * * * * (2) A trustee may retain until redemption any redeemable stock, fund or security which may have been purchased in accordance with this section.]

Amended up to 2019-02-25View on India Code →
Section 20A – The Indian Trust Act, 1882 | DailyLaw.ai