Invest In Mutual Fund u/s 11(5) Registered society
This query is : Resolved
24 August 2024
Sir
Can society registered under 12A invest in Mutual Funds as per sec 11(5) READ with Rule 17C.
Thanks
Can society registered under 12A invest in Mutual Funds as per sec 11(5) READ with Rule 17C.
Thanks
25 August 2024
if you are reading Rule 17C, then is it not already provided for in the plain text of that rule clause 1!
26 August 2024
Sir
You mean to say it is allowed that society registered under 12A can invest in Mutual Funds as per clause 1 of rule.17C
Kindly confirm.
Thanks
You mean to say it is allowed that society registered under 12A can invest in Mutual Funds as per clause 1 of rule.17C
Kindly confirm.
Thanks
26 August 2024
yes. it is allowed as per clause of Rule 17C
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