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Investments trust can make

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(Querist)
29 April 2010 Can you please suggest me the updated list of investments that a trust can make ? Whether a charitable trust can invest in fixed deposits of private sector companies ?
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
29 April 2010 U/S 11(5) charitable trust can NOT invest in fixed deposits of private sector companies.

FOR FULL LIST CHECK SEC 11(5)

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